Cointime

Download App
iOS & Android

AXON Finance Completes $2 Million Strategic Financing

On July 16, according to official news, PayFi AI's native Layer 1 project AXON Finance has completed $2 million in strategic financing, with investors including InfiniteAll AI, UZ Capital, and BMF. This round of financing will be used to launch its first open ecosystem product—a U.S. stock copy trading engine, supported by AXON's L1 settlement and account abstraction, in collaboration with a prediction platform and a former Silicon Valley quantitative trading team.

Comments

All Comments

Recommended for you

  • Double Long Positions in Hynix and Samsung Electronics Plummet Over 20%

    On July 16, stocks in the Hong Kong market related to memory chips experienced a significant decline across the board. Among them, Lanqi Technology fell over 23%, while the double long positions in Hynix and Samsung Electronics dropped more than 20%. Additionally, Zhiyuan Innovation fell over 9%.
  • SK Hynix ADR Falls Over 6% in Pre-Market Trading

    In pre-market trading, SK Hynix ADR (SKHY.O) fell over 6%, while SanDisk (SNDK.O) and Western Digital (WDC.O) both dropped over 4%. (Jin Shi)
  • BTC Falls Below $64,000

    Market data shows that BTC has fallen below $64,000, currently priced at $63,992, with a 24-hour decline of 0.9%. The market is experiencing significant volatility, so please ensure proper risk management.
  • ETH Falls Below $1900

    Market data shows that ETH has fallen below $1900, currently priced at $1893.5, with a 24-hour increase of 1.12%. The market is experiencing significant fluctuations, so please ensure proper risk management.
  • Zhongji Xuchuang and Zhaoyi Innovation Experience Significant Capital Outflow

    On July 16, data showed that the top ten stocks with the highest net capital outflow on that day were Zhongji Xuchuang, Zhaoyi Innovation, Lanke Technology, Jiangfeng Electronics, Hengtong Optic-Electric, Xinyi Sheng, Changdian Technology, Huagong Technology, Zhongwei Company, and Tianfu Communication. Among them, Zhongji Xuchuang faced a net capital outflow of 3.474 billion yuan, while Zhaoyi Innovation experienced a net outflow of 2.871 billion yuan. (Jinshi)
  • Foreign Media Portrays China's Provision of Open Source AI Models as a 'Trap', Ministry of Foreign Affairs: Opposes Ideological Divisions

    On July 16, according to Beijing Daily, foreign media has portrayed China's provision of open source AI models as a 'trap'. The Ministry of Foreign Affairs stated that it opposes drawing lines based on ideology.
  • AWS Launches AI-DLC and Kiro Tool to Address AI Programming Challenges

    On the 16th, AWS Korea held a press conference at its Seoul headquarters to announce the AI-driven development methodology (AI-DLC) and the specification-based development tool Kiro, aiming to tackle the current pain points in AI programming, such as 'fast code generation, low delivery efficiency, and high security risks.' AWS stated that currently, 94% of enterprises have not achieved the expected results after introducing AI into software development, primarily because existing AI tools focus mainly on the coding phase, which accounts for only about 20% of the entire development process. AI-DLC integrates AI throughout the entire lifecycle of requirement design, development, testing, and operations, enabling the simultaneous generation of code, requirement documents, design documents, and operation manuals through continuous validation, human approval, and comprehensive traceability. AWS reported that several companies in Korea have already seen significant results: LG Electronics' MS division doubled its development efficiency, CJ Olive Young completed five project MVPs in three days, and the development cycle for a large B2B platform project was reduced from two weeks to one week. Additionally, AWS introduced the Kiro development tool, which can first generate requirement and design documents before proceeding to code development, and integrates features such as automated testing, security checks, and external system connections. Test results released by AWS indicate that under the same model, Kiro's development costs can be reduced to one-sixth to one-tenth of similar tools.
  • Bloomberg: Japan Plans to Purchase 27,500 Nvidia Rubin Chips for Domestic Robot AI Models

    According to Bloomberg, Japan plans to procure 27,500 next-generation Nvidia Rubin chips to develop its own foundational AI models for robotics, advancing its 'sovereign AI' strategy. Rubin is Nvidia's flagship chip platform for next-generation AI computing, and Japan aims to enhance the competitiveness of its domestic AI and robotics industries while reducing reliance on foreign AI technologies and infrastructure.