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Stablecoin startup Ubyx completes $10 million seed round led by Galaxy Ventures
06-17 11:08

Odaily News According to Bloomberg, Ubyx, a stablecoin startup founded by former Citigroup executive Tony McLaughlin, has completed a $10 million seed round of financing, led by Galaxy Ventures, with participation from Founders Fund, Coinbase Ventures, Paxos and VanEck. The company is committed to building a clearing system that connects stablecoin issuers with banks and fintech companies to solve interoperability issues in payment scenarios.

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Sam Altman: The new model is expected to be released in the coming months, but there may be a capacity crisis during this period
A whale's 10x leveraged long position in DOGE was partially liquidated, resulting in losses exceeding $3 million.
BMNR, the largest Ethereum holder, saw a floating loss of over 9% of its holdings, totaling nearly $200 million.
The whale "sets 10 major targets first" and switches from short position to long position, opening a 5x leveraged BTC long position at $112,891.
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