On July 9, Cointelegraph reported that Velvet Capital announced the completion of a $3.7 million financing round to launch its intent-driven DeFi trading and portfolio management ecosystem. The round was led by YZi Labs and Blockchain Founders Fund, with participation from FunFair Ventures, Selini Capital, Cointelegraph Accelerator, and other institutions. Previously, Binance Wallet launched Velvet (VELVET) TGE on July 10. [Deep Tide TechFlow]