Deep Tide TechFlow News, on July 9, according to Cointelegraph, Velvet Capital announced the completion of a $3.7 million financing to launch its intention-driven DeFAI trading and portfolio management ecosystem. This round of financing was led by YZi Labs and Blockchain Founders Fund, with participation from several institutions including FunFair Ventures, Selini Capital, and Cointelegraph Accelerator.

Previously, it was reported that Binance Wallet would launch Velvet (VELVET) TGE on July 10.