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[Cycles Completes $6.4 Million Seed Round Financing] According to TechFundingNews, crypto financial infrastructure Cycles has completed a $6.4 million seed round financing led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, among others, bringing the total funding to $8.7 million. Cycles is dedicated to building a private clearing network for the crypto market, enhancing capital efficiency through a 'clearing network' mechanism, and leveraging zero-knowledge proofs and trusted execution environments to achieve multi-party net settlement, thereby reducing counterparty risk and liquidity usage.