Paxos Labs secured $12 million to develop white-label stablecoin infrastructure for large enterprises, aiming to provide compliance-ready technology. Led by Paxos CEO Chad Cascarilla, it targets corporations and financial institutions seeking digital payment solutions.

Paxos Labs completed a $12 million funding round on April 14, primarily led by Blockchain Capital. The company focuses on providing stablecoin issuance and DeFi solutions, expects to reach break-even by the end of the year, has secured multiple customers, and acquired Fordefi to expand its market reach.

Korean payment service provider NHN KCP has signed a memorandum of understanding with Ava Labs, planning to build a Layer 1 network for payment use cases based on Ava Cloud. This covers areas such as payment confirmation, transaction data encryption, and merchant payment infrastructure, while also exploring opportunities like tokenized deposits and cross-border payments. The launch of the L1 mainnet will be affected by South Korea’s crypto regulatory oversight.

Risk management firm Chaos Labs disclosed that the Trump family’s crypto project WLFI has rapidly expanded its lending volume on Dolomite, with collateral utilization nearing its cap. Currently, WLFI’s collateral size far exceeds the transaction volume of a certain CEX, and the team has already repaid about 10 million USD1, with funds highly concentrated on-chain.

Aave DAO recently passed a proposal supporting Aave Labs with a $25 million grant, with a voting approval rate of about 75%. The proposal includes an immediate allocation of 5 million aEthLidoGHO tokens and a staged release of 20 million tokens, and it also sets aside 75,000 AAVE tokens for ecosystem support.

DWF Labs co-founder Andrei Grachev said the market is currently in a “boring” phase, with many important activities quietly underway. He advised investors to stay patient and look for a better timing. He emphasized that opportunities still exist in the market—such as holding Bitcoin or participating in altcoins—and urged retail investors to keep learning and remain optimistic.

DWF Labs co-founder Andrei Grachev said the market is currently in a “very boring” phase, with genuinely valuable activity taking place quietly. He advised investors to stay patient, wait for better timing, and noted that retail investors should respond rationally to market volatility—continue learning and staying engaged.

Ramp Labs research output “Latent Briefing” achieves efficient memory sharing across multi-agent systems by compressing the LLM KV cache, reducing Token consumption and improving accuracy. In LongBench v2 testing, this approach successfully reduced Worker model Token consumption by 65% and improved overall accuracy by about 3 percentage points, with compression taking only 1.7 seconds. This technology performs exceptionally well across different document scenarios.

Gate News update, April 9, DeFi solutions provider Enhanced Labs announced it has completed a $1 million Pre-Seed round of financing, led by Maximum Frequency Ventures, with participation from GSR, Selini, Flowdesk, and a group of angel investors. The new funding will be used to support product development and operations, while also expanding options-based yield strategies to a wider range of on-chain assets, including tokenized real-world assets.

Yuga Labs reached a settlement with artist Ryder Ripps, ending the trademark dispute surrounding BAYC. Ripps and its partners will be barred from using Yuga Labs’ related images and trademarks. The case began in 2022 and involved trademark infringement for an NFT collection.