Highlights of this issue
According to incomplete statistics from PANews, there were 22 investment and financing events in the global blockchain last week (October 6-12), with a total funding amount exceeding US$2.568 billion. In addition, the total amount of financing for listed companies' crypto asset reserves exceeded US$650 million. The following is an overview:
- DeFi announced three investment and financing events, among which Block Street announced the completion of $11.5 million in strategic financing, led by Hack VC;
- The Web3+AI track announced four investment and financing events, among which the decentralized AI studio Yuma launched an asset management department and received a $10 million investment from DCG;
- The Infrastructure & Tools sector announced five investment and financing events, including stablecoin startup Coinflow, which announced the completion of a $25 million Series A financing round, with participation from Pantera and others.
- The centralized finance sector announced five investment and financing events, including Kraken's $500 million financing, with a valuation of $15 billion.
- Other Web3 applications announced four investment and financing events, among which Kalshi raised over $300 million in a new round of financing, with the company's valuation reaching $5 billion;
- In addition, four listed companies completed financing to establish crypto treasuries, including Nasdaq-listed Predictive Oncology, which completed $343.5 million in PIPE financing, which will be used to purchase ATH tokens on the open market.
- DePIN track announced one investment and financing event. DePIN infrastructure service provider Bee Maps (formerly Hivemapper) received $32 million in financing, with Pantera Capital and others participating.
DeFi
Block Street announced the completion of an $11.5 million strategic funding round led by Hack VC, with participation from Generative Ventures, DWF Labs, StudioB, and Bridge34. Block Street is focused on building the execution and lending layer for tokenized stocks, leveraging its technology stack, including Aqua (RFQ intent) and Everst (hybrid clearing). The project plans to launch initially on the Layer 1 (L1) project, Monad, in the fourth quarter of this year, with subsequent expansion to Ethereum, BNB Chain, and Base. The team, comprised of members from renowned institutions such as Citadel, Point72, and Google, plans to launch a transparent dashboard to enhance the user experience.
Multi-chain trading infrastructure LAB announced the completion of a $5 million funding round, with participation from Selini Capital, Re7 Capital, Cypher Capital, RedBeard VC, Lemniscap, TVM Ventures, OKX Ventures, Mirana, KuCoin Ventures, Gate Ventures, GSR, Animoca Brands, Presto Labs, MEXC Ventures, and Amber Group. The project will hold its token generation event (TGE) on October 14th.
BaseVol, the Base Ecosystem options trading platform, completes $3 million in seed round financing
BaseVol, an options trading platform within the Base ecosystem, announced the completion of a $3 million seed round of funding led by Neoclassic Capital, with participation from Virtuals Ventures, Baboon VC, and Woori Technology Investment. BaseVol, an options trading platform built on the Base blockchain, offers a wide range of options, from simple 0DTE (zero-day expiration) trades to complex structured vault strategies. BaseVol plans to launch an Onchain Vault in October, managed by AI agents—a new model developed jointly with Virtuals Protocol. These agents will automate vault management, connecting manual trading strategies with autonomous on-chain execution.
AI
Yuma, the development studio and accelerator behind the decentralized artificial intelligence (deAI) network Bittensor, founded by Digital Currency Group’s Barry Silbert, has launched Yuma Asset Management, an asset management arm to provide institutional and accredited investors with easy access to the deAI ecosystem.
Yuma Asset Management, with a $10 million anchor investment from DCG, has launched two fund strategies for investing in subnet tokens. DCG stated that the Yuma Subnet Composite Fund aims to provide market-weighted exposure across all active subnets, akin to a "Nasdaq Composite Index" for subnet tokens. The Yuma Large-Cap Subnet Fund, similar to a "Dow Jones Industrial Average" for subnet tokens, aims to provide targeted exposure to the largest subnets by market capitalization.
AI trading signal platform NebX secures $6 million investment from M2M Capital
M2M Capital announced on the X platform that it has invested $6 million in NebX. NebX is a fintech company that uses AI to provide trading signals. By performing real-time sentiment analysis on the X platform, social media platforms like Telegram and Discord, it identifies hot tokens before they gain widespread market attention. According to the official website, NebX 2.0 is now open for testing.
Crunch Lab Completes $5 Million in Strategic Funding, Led by Galaxy Ventures and Road Capital
Crunch Lab announced the completion of a $5 million strategic round of financing, led by Galaxy Ventures and Road Capital, with participation from VanEck and Multicoin. As of now, the company's total financing has reached $10 million. The new funds are intended to support its construction of a decentralized AI intelligent layer that can support asset price prediction, energy demand optimization, etc.
EPHYRA secures $2 million in strategic financing, led by Castrum Istanbul and TBV
EPHYRA has secured $2 million in strategic funding, with FDV contributing $100 million. This round was co-led by Castrum Istanbul and TBV. EPHYRA is positioned as an AI-driven entertainment ecosystem, transforming static NPCs into emotionally engaged, autonomous AI agents for Web3 gaming and social scenarios. Officially, the platform boasts a community exceeding 300,000 members, 6,000 beta users, and 3,000 NFT PASS holders, with plans to launch a Time-Based General Evolution (TGE).
Infrastructure & Tools
Stablecoin startup Coinflow announced the completion of a $25 million Series A funding round, with participation from Pantera, Coinbase Ventures, Reciprocal Ventures and Jump Capital. By using stablecoins as an intermediary layer, the company can help businesses shorten customer card payment times and help merchants process payment transactions that support stablecoins.
TransCrypts, a blockchain digital identity platform, announced the completion of a $15 million seed round of financing, led by Pantera Capital, with participation from Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund and a group of angel investors. The new funds will support its optimization and construction of a blockchain platform for digital identity and credential verification, preventing AI fraud and deep fake technology from eroding online trust.
CipherOwl, a cryptocurrency compliance startup, announced the completion of a $15 million seed round led by General Catalyst and Flourish Ventures, with participation from Coinbase Ventures and Enlight Capital. Co-founded by former Coinbase engineers, CipherOwl leverages artificial intelligence to provide on-chain transaction monitoring and compliance analysis services to financial institutions. Its clients include numerous cryptocurrency exchanges and law enforcement agencies, primarily using its AI system to automatically generate suspicious activity analysis reports to improve review efficiency.
Solana Intelligent Network 375ai announced it has secured $5 million in new funding, led by Delphi Ventures, Strobe Capital, and HackVC, with participation from 6MV, ARCA, EV3, Peaq, and Heartcore. This brings the company's total funding to $10 million. The project offers blockchain-based decentralized edge data intelligent network nodes and mobile applications for real-time data collection. Users can participate in the network by deploying nodes, using the application, or staking tokens, earning rewards. A token TGE is currently planned for the end of October.
On-chain infrastructure layer Rhuna completes $2 million seed round of financing, led by Aptos Labs
Rhuna, an on-chain infrastructure layer, announced the completion of a $2 million seed round led by Aptos Labs, with participation from Acc Ventures, X Ventures, NewTribe Capital, Keyrock, CoinMarketCap Labs, FunFair, and Lémanique. Rhuna is a universal entertainment pass powered by stablecoin settlement and on-chain identity. It provides operators with a single programmable layer for wallet-native checkout and point-of-sale systems, ticketing and access control, membership and identity authentication, and real-time stablecoin settlement.
other
Prediction Market:
Prediction market Polymarket published an announcement on the X platform, officially confirming that ICE, the parent company of the New York Stock Exchange, has made a $2 billion strategic investment in it at a post-investment valuation of $9 billion.
In addition, Polymarket's CEO disclosed two previously undisclosed funding rounds totaling over $200 million . The first occurred last year, with Blockchain Capital leading a $55 million investment at a valuation of $350 million. Investors included Founders Fund, 1789, 1 Confirmation, Abstract, Coinbase, Dragonfly, ParaFi, and SV Angel. The second occurred earlier this year, with Founders Fund leading a $150 million investment at a valuation of $1.2 billion. Investors included Ribbit, Valor, Point 72 Ventures, Blockchain Capital, and others.
Prediction market Kalshi plans to announce on Friday that it has raised over $300 million in a new funding round, valuing the company at $5 billion. The company also plans to disclose that it will begin allowing customers in over 140 countries to place bets on its website. Kalshi's rapid expansion has attracted the attention of venture capital firms, including Sequoia Capital, which first invested in the company in 2020, and new investor Andreessen Horowitz. Other investors in this round include Paradigm, CapitalG, and Coinbase Ventures. Although Kalshi closed its previous funding round in June, it initiated talks for a new round in August, more than doubling the company's valuation.
Collection transactions:
Web3 collectibles platform Fanable (developed by Ethernal Labs) has secured $11.5 million in backing from investors including Michael Rubin's Fanatics, Ripple, Steel Perlot, Polygon, Borderless, and Morningstar. Fanable claims to have completed over 20,000 transactions and is experiencing 100% monthly growth, with funds earmarked for platform iteration and global expansion. It has partnered with the Collect Foundation to launch $COLLECT token point mining, which will be used for community rewards, trading incentives, and governance. Fanable has partnered with Brinks to enable global trading of Pokémon Go cards in both crypto and fiat currencies, across iOS, Android, and the web.
Data Analysis:
Crypto risk analysis firm Agio Ratings completes $6 million in funding, led by AlbionVC
Crypto risk analysis company Agio Ratings announced that it has completed a $6 million financing round, led by AlbionVC, with participation from Portage Ventures and MS&AD. As of now, the company's total financing has reached $11 million. The company currently focuses on assessing and quantifying the risks of exchanges, custodians and lenders in the cryptocurrency industry. The new funds are intended to expand the scope of risk ratings and provide support to traditional financial institutions such as banks.
DAT
(Such transactions are not included in this issue’s weekly financing statistics)
Predictive Oncology Completes $343.5 Million PIPE Financing to Support ATH Token Treasury Strategy
Nasdaq-listed Predictive Oncology announced that it has completed a $343.5 million PIPE financing. The company will use the funds to purchase ATH tokens on the open market to support its ATH token treasury strategy. (Note: ATH is the native utility token of the Aethir ecosystem)
Prestige Wealth Inc. (NASDAQ: PWM; AURE) announced that it has participated in and completed a series of coordinated transactions to launch Nasdaq's first Tether Gold (XAUT) treasury. These transactions include approximately $100 million in private investment in equity (PIPE) financing from Antalpha Platform Holding Company and other accredited investors, including Tether and Kiara Capital, as well as a three-year, $50 million senior debt financing. The company intends to use the majority of the net proceeds to purchase Tether Gold (XAUT) as a reserve asset. Subject to receipt of relevant approvals, the company expects to change its name to "Aurelion Inc." and begin trading under the new ticker symbol (AURE) on October 13, 2025.
DDC Enterprise Limited, a NYSE-listed company, has completed a $124 million equity financing round led by PAG Pegasus Fund, OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited), and Mulana Investment Management. DDC Founder, Chairman, and CEO Zhu Jiaying personally invested $3 million. Almost all participating investors in this round (including the founders' investment) have committed to a 180-day lock-up period from the closing date to support the execution of DDC's Bitcoin treasury strategy.
AMBTS, a subsidiary of the Netherlands' Amdax, has raised €30 million to purchase Bitcoin
Dutch cryptocurrency company Amdax announced on Tuesday that it has raised €30 million (approximately $35 million) in funding for its planned launch of a Bitcoin reserve company called AMBTS on the Dutch exchange. Amdax said the completion of AMBTS's first round of funding means the company is ready to launch its Bitcoin purchase program.
Centralized Finance
Meanwhile, a Bitcoin-denominated life insurance company completed $82 million in financing, led by Haun Ventures and others
Meanwhile, a BTC-denominated life insurance company announced the completion of an $82 million financing round, led by Haun Ventures and Bain Capital Crypto, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Stillmark.
Anthea, a cryptocurrency life insurance company, announced that it has completed a $22 million Series A financing round, led by Yunfeng Financial and participated by a group of strategic investors in the insurance, asset management and fintech fields. The new funds will be used to support its launch of ETH-denominated life insurance products, while continuing business operations and accelerating product development and innovation.
Falcon Finance secures $10 million in strategic investment from M2 Capital and Cypher Capital
Falcon Finance, a universal collateral infrastructure provider, announced a $10 million strategic investment from UAE-based venture capital firm M2 Capital. Cypher Capital also participated in the round. With M2 Capital's investment, Falcon will accelerate its global roadmap, focusing on expanding fiat currency access, deepening ecosystem partnerships, and enhancing the resiliency of its universal collateral model.
Stablecoin infrastructure firm BVNK secures investment from Citigroup’s venture capital arm
Citi Ventures has invested an undisclosed amount in BVNK, a stablecoin infrastructure startup. BVNK provides a stablecoin payment rail that supports two-way settlement between fiat and crypto assets. Co-founder Chris Harmse stated that the company's valuation is higher than the $750 million previously disclosed in its previous round. Its fastest growth is in the US market, driven by the GENIUS Act, a US stablecoin regulatory bill. Citi is evaluating issuing its own stablecoin and expanding into crypto custody. Stablecoin trading volume reached nearly $9 trillion in the past 12 months (Visa), with a total market capitalization exceeding $300 billion (CoinMarketCap). BVNK is also backed by Coinbase and Tiger Global.
US Treasury bond platform Jiko secures strategic investment from Coinbase and Blockstream
Jiko, a U.S. Treasury-based platform, has received strategic backing from Coinbase and Blockstream Capital Partners. In addition to this investment, Jiko has also established new strategic partnerships with Crypto.com, Blockstream Capital Partners, Bitso, and Coinbase. These strategic partners will join other institutions that use Jiko as a banking partner to leverage its U.S. Treasury-based model for storage, settlement, and payments.
(This round of financing is not included in the statistics of this issue's financing weekly report)
DePIN
Bee Maps (formerly Hivemapper, Inc., now under a new brand name), a provider of decentralized pinning (DPIN) infrastructure, has secured $32 million in funding. The specific round of funding was not disclosed, with participation from Pantera Capital, LDA Capital, Borderless Capital, and Ajna Capital. Bee Maps has also reportedly launched a new subscription-based "Bee Membership" program to lower the barrier to entry for contributors.
venture capital funds
YZi Labs announces $1 billion Builders Fund to support BNB ecosystem founders
YZi Labs announced a $1 billion Builders Fund to double down on its support for the BNB ecosystem, particularly for founders on the BNB chain. By leveraging BNBChain's high-performance, low-cost infrastructure, builders now have access to enhanced tools, funding, integrations, and a 460 million+ user ecosystem to drive real-world impact. The upcoming EASY Residency Season 2 in October will be the final round of recruitment for Most Valuable Builders (MVBs) dedicated to BNB-based innovations (trading, RWA, AI, DeSci, DeFi, payments, wallets). The second season of EASY Residency will expand to New York, San Francisco, Dubai, and Singapore, aiming to create a highly engaging and immersive product shipping environment for builders.
Bisheng Capital establishes $100 million BNB ecosystem fund, backed by Nano Labs
Bitrise Capital has announced the establishment of a $100 million BNB Ecosystem Fund, dedicated to supporting high-quality projects and infrastructure built on the BNB Chain. The fund has received a subscription interest and strategic support from Nasdaq-listed Nano Labs (NASDAQ: NA).
Founded in 2017, Bisheng Capital is a cryptocurrency and blockchain investment firm specializing in primary and secondary market investments and project incubation, with over $500 million in funds under management. Nano Labs is a leading global Web3 infrastructure company and the first publicly listed company to establish a BNB strategic reserve.
