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Stablecoin Infrastructure Startup Checker Raises $8 Million

57 minutes ago

On May 19, stablecoin infrastructure startup Checker announced it has closed an $8 million financing round focused on driving broader stablecoin adoption through institutional-grade tools. Co-founder and CEO Jack Chong confirmed the capital came from a late 2025 pre-seed and seed round. Major investors in the deal include Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants backing the raise are partners like Latin America’s Bitso, Africa’s DFS Lab, and Asia’s Onigiri Capital, SNZ Capital, and Velocity. Several angel investors also joined the round, including Bam Azizi, Shivani Siroya, and Reid Cuming. However, Chong did not disclose details about the funding round’s structure, the company’s valuation, or whether any investors secured board seats or observer positions.
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Fintech company Moment raises $78 million in funding round led by Index Ventures

May 20 (Bloomberg) – Fintech firm Moment, founded by a former Citadel Securities quant trader and researcher, has closed a $78 million funding round. Over the past year, the company partnered with financial services players including Edward Jones, LPL Financial, and Hightower Advisors. The latest round was led by Index Ventures, with participation from existing backers Andreessen Horowitz and Avra. Moment’s core offering automates fixed-income and equity trading technology for financial institutions. The company’s prior financing round was last July, when it raised $36 million.

7 minutes ago

The probability of the Federal Reserve keeping interest rates unchanged in June is currently reported at 98.7%.

May 20 update: According to CME Group’s FedWatch data, the current probability of the Federal Reserve delivering a 25 basis point interest rate cut in June is 1.3%, while the odds of rates remaining unchanged stand at 98.7%.

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Current mainstream CEX and DEX funding rates display a significant decrease in bearish sentiment

May 20th: Per Coinglass data, as Bitcoin stays in sideways trading, funding rates on leading centralized (CEX) and decentralized (DEX) exchanges show a clear weakening of bearish sentiment—specific rate details are available in the attached image. BlockBeats Note: The funding rate is a fee mechanism used by crypto exchanges to align perpetual contract prices with spot market prices. It facilitates fund exchanges between long and short traders; platforms do not collect this fee. The rate adjusts the cost or profit of holding contracts to keep contract prices closely matched to spot values. Key benchmarks: The baseline funding rate is 0.01%. A rate higher than 0.01% typically indicates a bullish market, while a rate lower than 0.005% signals broad bearish sentiment.

7 minutes ago

Samsung Electronics to Resume Negotiations with Union on Wednesday

May 20 – Samsung Electronics and its union will resume negotiations this Wednesday, according to Yonhap News Agency.

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Yellen to Divest from Assets Prior to Swearing-In

May 20 — Federal Reserve Chair nominee Janet Yellen announced she will divest her assets before being sworn in, Xinhua News Agency reported.

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Japanese Finance Minister Kohei Otsuka: Prepared to Take Decisive Action in the Foreign Exchange Market

May 20: Japanese Finance Minister Kohei Otsuka said he's ready to take decisive action in the foreign exchange market, according to FXStreet.

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