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Arx Research has completed a $6.1 million seed funding round with Castle Island Ventures leading the investment.

2 hours ago

On November 6th, the hardware and software company Arx Research announced the completion of a $6.1 million seed round of financing. This round was led by Castle Island Ventures and involved institutions such as Inflection, Placeholder, Seed Club Ventures, and 1kx. Cameron Robertson, the co-founder and CEO of Arx Research, stated that this funding round utilized a SAFE (Simple Agreement for Future Equity) structure but did not disclose the timing of the financing or the post-money valuation. This round of financing will be used to launch the "Burner Terminal," a handheld sales terminal device that integrates digital assets with traditional payments. The terminal is capable of simultaneously accepting stablecoins, contactless payments (such as NFC), and chip + PIN cards. It has received EMV certification to ensure that it meets international standards in terms of security, compliance, and compatibility with existing payment systems.
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Hourglass: Stablecoin Staking Event Phase 2 $100,000 Minimum Deposit Window to be Extended by At Least 1 Hour

On November 7th, Hourglass announced that "The minimum deposit window of $100,000 for the Stable Pre-Launch Phase 2 will be extended by at least one hour." (This sentence is already in a relatively common and clear English structure for such announcements. There may not be a significant difference in a "typical American language habit" rewrite as it is already presented in a straightforward manner.)

4 minutes ago

Over the past month, three whales have bought a total of 17M $OVPP($375K).

Over the past month, three whales have bought a total of 17M $OVPP($375K). Whale 0xaca5, holding over $10M in assets, bought 7.6M $OVPP($165K) from MEXC and DEXs. 0xae84 bought 5.43M $OVPP($117K). 0x3bd5 bought 3.97M $OVPP($87K).

4 minutes ago

A whale withdrew 114.9 million USDT from Aave, causing Aave's main market USDT utilization rate to soar above 92% of the optimal utilization threshold.

On November 6th, based on the monitoring of LookOnChain, a whale address 0x540C has just withdrawn 1.149 billion USDT from Aave. This has led to the USDT utilization rate on the Aave main market rising to 92.83%, which exceeds the optimal utilization rate threshold of 92% of the protocol.

4 minutes ago

MEV Capital and Re7 Labs have reached a fund utilization rate of 99% in the Lista DAO platform, triggering a forced liquidation.

On November 6th, as monitored by LookOnChain, MEV Capital and Re7 Labs have just achieved a fund utilization rate of 99% within a pool managed on the Lista DAO platform, which has triggered a forced liquidation. If you have funds deposited in a DeFi protocol, it is essential to be aware of the risks. Currently, the fund utilization rate on multiple platforms has exceeded 90%.

4 minutes ago

Ethereum Dips Below $3,300

On November 6th, based on HTX market data, Ethereum fell below $3,300, experiencing a 24-hour decline of 2.45%.

4 minutes ago

Circle's Submission Letter on the Implementation of the "GENIUS Act"

On November 6th, Circle submitted a comment letter to the U.S. Treasury Department regarding the implementation of the "GENIUS Act." It emphasized the need for a comprehensive regulatory framework for stablecoins to protect consumers, maintain market integrity, and ensure global interoperability. Circle believes that rulemaking should adhere to congressional intent and provide clear and strong rules for all issuers operating in the U.S. market, while offering the American people transparent and easily understandable financial products and services. Circle has put forward a series of policy principles, such as safeguarding customer funds, achieving interoperability through mutual recognition, ensuring consistent rules for the same activities, maintaining a balance between domestic and international competition, and establishing clear consequences and contingency plans.

4 minutes ago

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