ARBITRUM ecosystem DEX CRYPTO VALLEY EXCHANGE (CVEX) has completed a $7 million financing round, led by FABRIC VENTURES and KYBER CAPITAL CRYPTO FUND. Other participants include AMDAX, WAVE DIGITAL, FUNFAIR VENTURES, SEIER CAPITAL FAMILY OFFICE, FIVE T GROUP, and SAXON. The new funds will be used to launch its decentralized exchange (DEX) mainnet this summer. (THE BLOCK)