Odaily Planet Daily reports that stablecoin infrastructure Cyclops has announced the completion of an $8 million funding round, with Castle Island Ventures, F-Prime, and Shift4 Payments participating. The specific valuation data has not been disclosed yet. (Fortune)

Web3 Asset Data Platform RootData posted a transparency alert on Twitter, pointing out that several exchanges lack information about project teams, key events, and other details. It calls on project teams to submit information to improve transparency scores, which range from A to F, with lower scores indicating incomplete information disclosure.