A total of 15 public fundraising events occurred in the crypto market last week, raising a total of about $471 million Investment and Financing Weekly
Finishing: Luan Peng, RootData
According to incomplete statistics from RootData, from June 30 to July 6, 2025, a total of 15 public investment and financing events occurred in the blockchain and crypto industries, with a cumulative financing of about $471 million.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and game tracks. Popular projects include Web3 infrastructure developer Zypher Network, Web3 game studio Distinct Possibility Studios , fintech startup AllScale and AI trading marketplace olaxbt.
In addition, Limitless, the on-chain prediction market for Base, announced the closing of a $4 million strategic funding round with participation from Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures.
(List of projects that raised more than $5 million last week, data source: Rootdata)
1. Infrastructure
Web3 infrastructure developer Zypher Network has closed a $7 million funding round co-led by UOB Venture and Signum Capital
Web3 infrastructure developer Zypher Network has closed a US$7 million funding round co-led by UOB Venture and Signum Capital, with participation from HashKey Capital, Hong Leong Group, Cogitent Ventures, Catcher VC, Hydrogenesis Labs, DWF Venture, and other strategic investors.
Zypher Network is a decentralized trust platform that provides verifiable autonomy to AI agents through a zero-knowledge protocol and its dedicated rollup infrastructure, Zytron.
U.S.-listed BitMine closed a $250 million funding round to increase its holdings of ETH as a core reserve asset
BitMine Immersion Technologies (AMEX:BMNR) announced the closing of a large $250 million private placement of 55,555,556 shares at $4.50 per share, CNBC reported. The transaction, led by MOZAYYX with participation from well-known investment institutions such as Founders Fund and Pantera, is expected to close around July 3, 2025.
BitMine plans to use the funds raised mainly to increase its holdings of Ethereum (ETH) as a core reserve asset, while continuing to maintain its main Bitcoin mining business.
Thomas Lee, founder of Fundstrat and chief investment officer of Fundstrat Capital, has become Chairman of the Company's Board of Directors with immediate effect. The private placement was conducted pursuant to Section 4(a)(2) and/or Regulation D of the Securities Act, with ThinkEquity, LLC acting as placement agent.
2. Games
Web3 game studio Distinct Possibility Studios closed a $30.5 million funding round co-led by Bitkraft Ventures and Brevan Howard Digital
Web3 game studio Distinct Possibility Studios closed a $30.5 million funding round co-led by Bitkraft Ventures and Brevan Howard Digital, with the Tezos Foundation, Hashed, Delphi Ventures, Shima Capital, North Island, according to The Block Ventures and Decasonic participated.
It is reported that the game studio was founded by EverQuest co-founder John Smedley, and the funds will be used to support the development and release of the AAA-style shooter "Reaper Actual", which is scheduled to be released on Steam and the Epic Games Store.
Game development studio Cold River Games has closed a $2 million funding round with participation from Beam Investments and others
Game development studio Cold River Games has closed a $2 million funding round to support the development of the ARPG game Crystalfall.
The round was attended by Beam Investments, CoinFund, Partnerinvest Norr, Avalanche Foundation, A100x Ventures, Lyrik Ventures, MH Ventures, and others.
3. CeFi
Swyftx will acquire digital asset brokerage firm Caleb & Brown for $65.8 million
Australian crypto broker Swyftx will acquire digital asset brokerage firm Caleb & Brown, with sources saying the deal is worth more than A$100 million (about $65.8 million), according to Decrypt. Swyftx disclosed to employees last week that it expects to expand Swyftx's presence in the U.S., where Caleb & Brown has built a client base of high-net-worth crypto investors.
Swyftx intends to expand Caleb & Brown's team of relationship managers and position the combined group as an alternative for institutional investors looking for customised, round-the-clock support.
Fintech startup AllScale announced the closing of a $1.5 million funding round with participation from Amber Group and others
According to official news, fintech startup AllScale announced the completion of a $1.5 million funding round aimed at accelerating the development of its compliant stablecoin solution for small and medium-sized enterprises, including invoicing, social e-commerce, and payroll services. The round was led by DraperDragon, Amber Group, Y2Z Capital, KuCoin Ventures, Oak Grove Ventures, Blockbooster and Movemaker, among others, and AllScale is a member of the Hong Kong Cyberport Incubation Programme.
AllScale (allscale.io) focuses on opening up the last mile of enterprise-level stablecoin payment, helping enterprises use stablecoins in a compliant, safe and simple way to complete their needs such as collection, sales, and payroll. At present, the global stablecoin ecosystem is developing rapidly, and the processes of stablecoin issuance, payment channels, anti-money laundering, and deposit and withdrawal are gradually maturing, but for enterprises, there are still high learning thresholds, high use costs, high transaction risks, and difficulties in compliance and financial records. AIIScale, on the other hand, focuses on the underlying service providers that open up every link, providing one-stop end-to-end tools for enterprise stablecoin scenarios, greatly reducing the difficulty of traditional SMEs in using stablecoins.
4. Miscellaneous
Artificial intelligence marketplace olaxbt closed a $3.38 million seed round led by Amber Group
Artificial intelligence marketplace olaxbt closed a $3.38 million seed round led by Amber Group with participation from DWF Ventures, Mindfulness Capital, Web3Labs.club and CREDIT SCEND.
It is reported that Olaxbt is an AI-based cryptocurrency trading marketplace that aims to provide users with an efficient and intelligent trading experience through its unique MCP technology.
Forza, a subsidiary of UK-listed Coinsilium Group, raised $3.8 million for strategic development in the digital asset space
Forza, a subsidiary of UK-listed Coinsilium Group, raised approximately $3.8 million through the issuance of a total of 15,486,111 new ordinary shares with zero par value each, at a price of £0.18 per share, for strategic development in the digital asset space, according to the official announcement.
As previously reported, Coinsilium Group Limited, a UK-based listed blockchain company, announced that its wholly-owned subsidiary, Forza Gibraltar Limited, increased its holdings by 15.4147 BTC, bringing its total holdings to 73.7304.
Thesis acquires Bitcoin rewards platform Lolli
According to The Block, Thesis, which focuses on Bitcoin ecosystem ventures, has acquired Bitcoin rewards platform Lolli to integrate into its broader ecosystem, with the exact terms and amount of the deal not yet disclosed.
Thesis previously incubated Fold, a Bitcoin rewards platform, before Fold officially spun off into an independent company. Fold then entered into a special purpose acquisition company (SPAC) merger with FTAC Emerald Acquisition Corp. in July 2024 and listed on Nasdaq under the ticker symbol FLD in February.
Coinbase acquires token management company Liquifi
According to Fortune, Coinbase has acquired token management platform Liquifi, and the specific terms of the deal have not yet been announced.
It is reported that Liquifi's last funding round was in a seed round in 2022, with a funding amount of $5 million, led by venture capital firm Dragonfly, with Katie Haun and Balaji Srinivasan also participating.
In addition, well-known cryptocurrency companies such as the Uniswap Foundation, OP Labs, Ethena, and Zora use the platform to track cryptocurrency holdings, distribute tokens after vesting periods, and manage complex tax withholding processes.
Base on-chain prediction market Limitless closed a $4 million strategic round of funding with participation from Coinbase Ventures and others
According to Cointelegraph, Base on-chain prediction market Limitless announced the closing of a $4 million strategic funding round from Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures Participation.
The company previously closed a $3 million seed round and has raised a total of $7 million to date, with the new funds intended to be used to prepare for the upcoming TGE.
Cloud mining platform TWL Miner has closed a $95 million Series B funding round
According to Globenewswire, British cloud mining platform TWL Miner has closed a $95 million Series B funding round that will be used to support the integration of artificial intelligence technology with cloud mining operations.
The company said that the round of financing attracted a number of professional investors in the field of blockchain and sustainable technology, but did not disclose the specific investment institutions. The new funds will be used to strengthen the global network of renewable energy data centers and develop an artificial intelligence mining system to dynamically manage computing resources, predict the best mining time, reduce energy consumption, and improve the success rate and operational stability of block validation.
According to reports, at present, TWL Miner operates more than 60 data centers powered by wind and solar energy in many countries, which is in line with its sustainable mining strategy. The platform has served more than 7 million users in 180 countries and territories around the world.
Web3 service platform BACKSEAT closed a seed round led by Spiral Capital and Headline Asia
According to Coindesk, BACKSEAT closed a seed round for a total of 1.4 billion yen ($9.7 million).
The seed round was co-led by Spiral Capital and Headline Asia, with participation from East Ventures. BACKSEAT Exchange was founded on the Japanese crypto exchange coinbook, which was previously acquired by BACKSEAT Corporation.