Odaily Planet Daily reports that Nasdaq-listed Fitell Corporation has announced it has raised $50 million through a convertible bond issuance. The company will convert the net proceeds into stablecoin assets, expanding its balance sheet, and will also use the stablecoins to support 2F Robotics, an AI-driven robotics and automation systems development company. (Globenewswire)

Odaily Planet Daily reports that hardware and software company Arx Research has announced the completion of a $6.1 million seed funding round, led by Castle Island Ventures, with participation from Inflection, Placeholder, Seed Club Ventures, and 1kx. Arx Research co-founder and CEO Cameron Robertson stated that the round used a SAFE (Simple Agreement for Future Equity) structure, but did not disclose the funding timeline or post-money valuation. The new funds will support the company's launch of a handheld point-of-sale device that integrates digital assets with traditional payments.

Odaily Planet Daily reports that cryptocurrency trading app Fomo has announced the completion of a $17 million Series A funding round, led by Benchmark, bringing the company's total funding to $19 million. Launched in May of this year, Fomo integrates with Apple Pay for quick account opening and trading. The platform supports cross-chain trading of millions of crypto assets, charges a 0.5% transaction fee and waives gas fees, and includes built-in social features allowing users to track others' trading strategies. (TechCrunch)

Odaily Planet Daily reports that Solana infrastructure startup Harmonic has announced the completion of a $6 million seed funding round, led by Paradigm. The round reportedly also included angel investment from undisclosed "key stakeholders of Solana," but specific investor information has not yet been disclosed. (The Block)

Odaily reports that Nasdaq-listed digital asset infrastructure company OFA Group has announced the completion of a $50 million PIPE funding round, led by Greentree Financial Group and TriCore Foundation. The new funds will support its development of blockchain infrastructure for tokenizing real-world assets and the expansion of its digital asset treasury. (Globenewswire)