According to an official announcement, perpetual futures exchange QFEX has completed a $9.5 million seed funding round, led by Yuri Sagalov of General Catalyst, with participation from Paul Graham, Y Combinator, and others. Other investors include Nexus Ventures, Moonfire Ventures, Goodwater Capital, Liquid2 Ventures, 468 Capital, and Ritual Ventures, as well as angel investors. The QFEX team reportedly comprises members from several top quantitative trading firms, including Citadel, Jump Trading, Optiver, Jane Street, Tower Research Capital, and Flow Traders.

According to Odaily Planet Daily, Nasdaq-listed blockchain capital markets company Figure Technology Solutions released its latest business operations report, which disclosed that the circulating supply of its securitized stablecoin YLDS has increased to $588 million, a 56% increase month-over-month. YLDS aims to maintain a fixed dollar price and provide continuous returns through US Treasury bonds and Treasury repurchase agreements. Additionally, the report noted that the consumer loan market saw $896 million in transactions in February, a 10% increase month-over-month. (Globenewswire)

Odaily Planet Daily reports that digital asset trading company Crossover Markets announced the completion of a $31 million Series B funding round at a $200 million valuation. The round was led by Tradeweb, a cross-asset class electronic trading platform, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial. The new funds will be used to enhance the technical architecture of its cryptocurrency electronic communication network CROSSx, expand its global business, deepen integration with institutional partners, and drive the extension of Tradeweb's electronic trading standards to the cryptocurrency space. (Tradeweb)

Odaily Planet Daily reports that Jack Zhang, founder and CEO of Airwallex, responded in an article on the X platform to the "Citrini Research report that believes stablecoins will replace traditional payment methods such as Visa and credit cards, leading to a sharp drop in credit card stocks." He stated that compliant wallets capable of storing value (including crypto assets) and supporting programmable payment capabilities will become the infrastructure for the future AI agent economy. Humans can authorize AI agents to execute payments, but remote authorization and control based on preset rules are still required. From a regulatory perspective, stablecoins are still far from mature enough to support AI agent payments globally.

Odaily Planet Daily reports that two board members of American Bitcoin (ABTC), the Bitcoin mining company backed by the Trump family, made large-scale open-market stock purchases following the company's latest earnings report. Tinder co-founder and ABTC board member Justin Mateen purchased approximately 1.3 million shares at an average price of about $1, while another board member, Richard Busch, a partner at the law firm King & Ballow, purchased approximately 330,000 shares over the past two days. (CoinDesk)