Last week, there were a total of 15 public financing events in the cryptocurrency market, with a cumulative financing of approximately 471 million USD | Investment and Financing Weekly Report
Game development studio Cold River Games has completed a $2 million funding round, with participation from Beam Investments; Swyftx will acquire digital asset brokerage Caleb & Brown for $65.8 million; Web3 service platform BACKSEAT has completed a seed funding round, co-led by Spiral Capital and Headline Asia.Organizer: Luan Peng, RootData
According to incomplete statistics from RootData, during the period from June 30 to July 6, 2025, there were a total of 15 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing of approximately $471 million.
From the perspective of sector distribution, the projects that received financing are mainly concentrated in the infrastructure and gaming sectors. Notable projects include Web3 infrastructure developer Zypher Network, Web3 game studio Distinct Possibility Studios, fintech startup AllScale, and AI trading market olaxbt.
In addition, the prediction market Limitless on the Base chain announced the completion of a $4 million strategic round of financing, with participation from Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures.
(List of projects with financing greater than $5 million last week, data source: Rootdata)
1. Infrastructure
Web3 infrastructure developer Zypher Network has completed $7 million in financing, led jointly 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 for AI agents through zero-knowledge protocols and its dedicated Rollup infrastructure Zytron.
US-listed company BitMine completes $250 million financing to increase ETH as core reserve asset
According to CNBC, BitMine Immersion Technologies (NYSE: BMNR) announced the completion of a $250 million private placement at a price of $4.50 per share, issuing 55,555,556 shares. The deal was led by MOZAYYX, with participation from well-known investment firms such as Founders Fund and Pantera, and is expected to close around July 3, 2025.
BitMine plans to use the funds primarily to increase its holdings of Ethereum (ETH), intending to make it a core reserve asset while continuing its main business of Bitcoin mining.
Thomas Lee, founder of Fundstrat and Chief Investment Officer of Fundstrat Capital, has immediately taken on the role of chairman of the company's board. This private placement is conducted under Section 4(a)(2) of the Securities Act and/or Regulation D, with ThinkEquity, LLC serving as the placement agent.
2. Gaming
According to The Block, Web3 game studio Distinct Possibility Studios has completed $30.5 million in financing, co-led by Bitkraft Ventures and Brevan Howard Digital, with participation from the Tezos Foundation, Hashed, Delphi Ventures, Shima Capital, North Island Ventures, and Decasonic.
It is reported that the game studio was founded by John Smedley, co-founder of EverQuest, and the funds will be used to support the development and release of the AAA-style shooter game "Reaper Actual," which is planned to be released on Steam and the Epic Games Store.
Game development studio Cold River Games has completed $2 million in financing to support the development of the ARPG game "Crystalfall."
This round was participated by Beam Investments, CoinFund, Partnerinvest Norr, Avalanche Foundation, A100x Ventures, Lyrik Ventures, MH Ventures, and others.
3. CeFi
Swyftx to acquire digital asset brokerage Caleb & Brown for $65.8 million
According to Decrypt, Australian cryptocurrency broker Swyftx will acquire digital asset brokerage Caleb & Brown, with sources indicating that the deal is valued at over AUD 100 million (approximately $65.8 million). Swyftx disclosed to employees last week that it plans to expand its operations in the US, where Caleb & Brown has established a high-net-worth cryptocurrency investor client base.
Swyftx intends to expand Caleb & Brown's relationship manager team and position the merged group as an alternative for institutional investors seeking customized, around-the-clock support.
According to official news, fintech startup AllScale has announced the completion of $1.5 million in financing aimed at accelerating the development of its compliance stablecoin solutions for small and medium-sized enterprises, including invoicing, social e-commerce, and payroll services. This round of financing was participated by DraperDragon, Amber Group, Y2Z Capital, KuCoin Ventures, Oak Grove Ventures, Blockbooster, and Movemaker, among others. AllScale is also a member of the Hong Kong Cyberport incubation program.
AllScale (allscale.io) focuses on bridging the last mile of enterprise-level stablecoin payments, helping businesses comply, securely, and easily use stablecoins for collections, sales, payroll, and other needs. Currently, the global stablecoin ecosystem is rapidly developing, with processes for issuance, payment channels, anti-money laundering, and deposits/withdrawals gradually maturing. However, for enterprises, there are still high learning thresholds, high usage costs, high transaction risks, and difficulties in compliance and financial record-keeping. AIIScale focuses on connecting every underlying service provider in each link, providing a one-stop end-to-end tool for enterprise stablecoin scenarios, significantly reducing the difficulty for traditional small and medium-sized enterprises to use stablecoins.
4. Others
AI trading market olaxbt completes $3.38 million seed round financing, led by Amber Group
AI trading market olaxbt has completed $3.38 million in seed round financing, 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 market aimed at providing users with an efficient and intelligent trading experience through its unique MCP technology.
According to an official announcement, UK-listed Coinsilium Group's subsidiary Forza has raised approximately $3.8 million by issuing a total of 15,486,111 new ordinary shares with a nominal value of zero at a price of £0.18 per share for strategic development in the digital asset field.
Previous report stated that the UK-based listed blockchain company Coinsilium Group Limited announced that its wholly-owned subsidiary Forza Gibraltar Limited increased its holdings of 15.4147 BTC, bringing its total holdings to 73.7304 BTC.
Thesis acquires Bitcoin rewards platform Lolli
According to The Block, Thesis, focused on Bitcoin ecosystem venture capital, has acquired the Bitcoin rewards platform Lolli to integrate it into its broader ecosystem, with specific transaction terms and amounts not yet disclosed.
Thesis previously incubated the Bitcoin rewards platform Fold, which later spun off as an independent company. Fold subsequently reached a merger agreement with FTAC Emerald Acquisition Corp. in July 2024, and went public on NASDAQ in February under the ticker FLD.
Coinbase acquires token management company Liquifi
According to Fortune, Coinbase has acquired the token management platform Liquifi, with specific transaction terms not disclosed.
It is reported that Liquifi's last financing was in a seed round in 2022, raising $5 million, led by venture capital firm Dragonfly, with participation from Katie Haun and Balaji Srinivasan.
Additionally, well-known cryptocurrency companies such as Uniswap Foundation, OP Labs, Ethena, and Zora use the platform to track cryptocurrency holdings, distribute tokens after the vesting period, and manage complex tax withholding processes.
According to Cointelegraph, the prediction market Limitless on the Base chain announced the completion of a $4 million strategic round of financing, with participation from Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures.
The company previously completed $3 million in seed round financing, bringing the total financing to $7 million, with the new funds intended to prepare for the upcoming TGE.
Cloud mining platform TWL Miner completes $95 million Series B financing
According to Globenewswire, UK cloud mining platform TWL Miner has completed $95 million in Series B financing, which will be used to support the integration of AI technology with cloud mining operations.
The company stated that this round of financing attracted several professional investment institutions in the blockchain and sustainable technology fields, but did not disclose specific participating institutions. The new funds will be used to strengthen the construction of a global renewable energy data center network and develop AI mining systems to dynamically manage computing resources, predict the best mining times, reduce energy consumption, and improve block validation success rates and operational stability.
It is reported that TWL Miner currently operates over 60 data centers powered by wind and solar energy in multiple countries, aligning with its sustainable mining strategy. The platform has served over 7 million users in 180 countries and regions worldwide.
According to Coindesk, BACKSEAT has completed seed round financing, with total financing reaching 1.4 billion yen (approximately $9.7 million).
This seed round was co-led by Spiral Capital and Headline Asia, with participation from East Ventures. BACKSEAT Exchange was established based on the Japanese cryptocurrency exchange coinbook acquired by BACKSEAT Corporation.
Risk warning
Risk warning
