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Cryptocurrency Payment Platform RedotPay Raises $47 Million in Strategic Investment, with Participation from Coinbase Ventures

3 hours ago

On September 25th, the cryptocurrency payment platform RedotPay announced that it had secured a strategic investment of $47 million. This funding round was led by Coinbase Ventures, with continued backing from Galaxy Ventures and Vertex Ventures. Additionally, it received support from a global tech entrepreneur (whose identity remains undisclosed). RedotPay has now emerged as a fintech unicorn, a privately held startup company valued at $1 billion or more. RedotPay was founded in April 2023 and provides services such as a stablecoin-based bank card, a multi-currency wallet, and global payment services. Since its establishment, the company is reported to have acquired over 5 million users and processed a total payment volume (TPV) of $10 billion. BlockBeats previously reported that on March 14th, the cryptocurrency payment platform RedotPay announced the completion of a $40 million Series A funding round. This round was led by Lightspeed, with the participation of HSG, Galaxy Ventures, DST Global Partners, Accel, Vertex Ventures, Crimson Shirt China, and others. This funding will be utilized to expedite the expansion of global cryptocurrency payment solutions.
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Aster's 24-Hour Revenue Surpasses Circle, Surging to Around $13 Million

On September 25th, based on Defillama data, Aster's revenue in the past 24 hours experienced a significant surge to approximately $13 million. This exceeded that of Circle ($7.71 million) and temporarily ranked second on the cryptocurrency revenue leaderboard.

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Aethir Launches Low-Latency Media Transport Engine libyxrtc

On September 25th, Aethir declared the commencement of the launch of libyxrtc, a high-performance media transport engine formulated for ultra-low latency. Its purpose is to provide support to developers in establishing efficient, low-latency, and high-quality audio/video acceleration solutions, especially suitable for gaming applications. The project has been made open source, and developers can obtain it through GitHub.

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Binance is currently assisting the GriffinAI team with a post-mortem of the security breach and the development of a compensation plan.

On September 25th, Binance issued a statement indicating that GriffinAI (GAIN) has confirmed that it has recently been the victim of a hacker attack and is currently conducting a thorough investigation into the technical details. In order to protect user interests, the project team has taken immediate action to remove the official on-chain liquidity of GAIN on the BNB Chain. Binance is assisting the project team in conducting a post-mortem analysis and formulating a compensation plan and will continue to provide further updates.

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OKX Wallet has encountered a "Incomplete Fund Balance Display" BUG and is currently undergoing emergency maintenance.

On September 25th, OKX announced that the Wallet is currently encountering a partial asset balance display problem and is being urgently resolved. The security of user assets will not be affected.

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XPL surges over 15% in pre-market trading, currently trading at $0.8443.

On September 25th, based on Binance Futures data, XPL witnessed a surge of more than 15% during the pre-market hour. It is currently trading at $0.8443, with a market capitalization of $1.44 billion and a fully diluted valuation of approximately $8 billion.

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GCEX Group Acquires GlobalBlock for $60 Million

On September 25th, GCEX Group declared that it had acquired the crypto brokerage firm GlobalBlock, which mainly focuses on high-net-worth clients, for $60 million. The company manages assets exceeding $60 million. This deal extends GCEX's business from core over-the-counter (OTC) trading to providing high-net-worth client wealth management services. The client base of GlobalBlock will complement GCEX's existing institutional trading platform, which has served professional traders in multiple jurisdictions. GCEX holds licenses from the UK Financial Conduct Authority (FCA), the Danish Financial Supervisory Authority (FSA), and the Dubai Virtual Asset Regulatory Authority (VARA). The company intends to utilize these regulatory approvals to accelerate the onboarding process for GlobalBlock's wealth management clients. For this cooperation, GlobalBlock brings AI-driven fund management tools, including its GB10 product, which tracks the top ten cryptocurrencies by market capitalization. The

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