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Jinse Finance reported that stablecoin payment startup TransFi announced the completion of a $19.2 million financing round, led by Turing Financial Group. This round includes $14.2 million in Series A equity financing and $5 million in committed liquidity financing. The new funds will support the company in building cross-border remittance services based on stablecoin settlement channels, aiming to become an alternative to traditional banking and SWIFT transfer processes, while also expanding its liquidity network and obtaining regulatory licenses in more emerging markets.

Foresight News reported, according to monitoring by Lookonchain, the price of the Meme coin pippin has dropped 85% from its peak. The address starting with 0xNU5a spent $180,000 five months ago to purchase 8.16 million Pippin and has held them until now. Its unrealized profit has decreased from over $7 million to less than $1 million.

Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), stating that information such as the team, key calendar events, and token data of a certain exchange is missing. RootData called on project teams to submit/update their information on RootData to improve their transparency score. In addition, RootData said it will continue to monitor and expose "black box" projects lacking core information. It is reported that the RootData transparency score is used to measure the completeness and timeliness of a project, aiming to reflect the project's information disclosure status. The transparency score is divided into five levels from A to F, with lower scores indicating less complete information disclosure and higher risk of misconduct, requiring investors to be highly vigilant.