Crypto financial infrastructure Cycles completes $6.4 million seed round with participation from an exchange and others
Crypto financial infrastructure Cycles announced the completion of a $6.4 million seed round, led by Blockchange Ventures, with participation from an exchange, Compound VC, Primitive Ventures, and others. With this round, the total funding has reached $8.7 million. The company aims to build a private clearing network for the crypto market and seeks to improve capital efficiency through a "clearing network" mechanism. By leveraging zero-knowledge proofs and trusted execution environments to achieve multi-party net settlement, it aims to reduce counterparty risk and minimize liquidity usage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
RootData: BIO will unlock tokens worth about $1 million in one week
Crypto prices
More
