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Last week, blockchain financing exceeded $950 million, with active performance in the DeFi and Web3 gaming sectors.
Overview of Investment and Financing in the Blockchain Industry Last Week
According to statistics, during the last week (July 7 to July 13), there were a total of 9 financing events in the global blockchain sector, with a total financing scale exceeding 85 million USD. In addition, the total financing amount for publicly listed companies' cryptocurrency asset reserves exceeded 874 million USD. The financing situation in various subfields is as follows:
DeFi
The hybrid decentralized exchange Kuru Labs has completed a $11.5 million Series A financing. The project aims to build a new type of decentralized exchange that integrates automated market makers and centralized order book architecture on the Monad Blockchain. Kuru adopts a default AMM strategy to provide underlying liquidity for each order book, aiming to enhance on-chain trading flexibility and depth.
Web3 Games
The game development platform Remix has completed a $5 million seed round of financing. The platform combines AI code generation with hyper-casual games, and so far, 570,000 players have experienced 800 games on the platform. Remix allows creators to quickly generate games through text prompts and enables "mashup" style secondary creation of existing games. The platform plans to achieve profitability through in-game advertising and item commissions, and will soon launch on-chain monetization tools.
Web3+AI
DeFAI trading and asset management platform Velvet Capital has completed a $3.7 million financing. Its new system integrates an AI multi-agent operating system, trading terminal, asset management suite, and API, aiming to provide seamless on-chain asset management and trading experiences for funds, DAOs, and individual traders.
The AI-driven cryptocurrency trading platform OlaXBT has completed a seed round financing of 3.38 million USD. OlaXBT utilizes proprietary MCP technology and reinforcement learning to achieve automated market-making, sentiment analysis, and trade execution. It is built on the BNB Smart Chain and includes a market composed of interoperable MCP servers and a chat monetization trading terminal.
Infrastructure and Tools
Stablecoin startup Agora has secured $50 million in Series A funding. Agora focuses on the AUSD stablecoin and assists other companies in issuing their own branded stablecoins through white-label services. Agora's current market capitalization for AUSD is $130 million, and the company states it will continue to focus on overseas markets to meet the demand for stablecoins driven by cross-border payments and local currency fluctuations.
The cryptocurrency over-the-counter settlement platform BridgePort has completed a $3.2 million seed round financing. The company provides a middleware solution that connects exchanges, custodians, and trading firms. This solution aims to optimize capital allocation and post-trade processes through real-time messaging and collateral management, while addressing issues such as pre-funding requirements, credit risk, and inefficient settlement.
The Layer 1 public chain Memecore, focused on Meme culture, has received strategic investment. Memecore's native token $M has recently launched on a trading platform's Alpha market and has introduced core ecological projects such as MemeX. Since its launch, $M has seen an increase of over 1000% in a short period.
Blockchain infrastructure platform Aspecta has received strategic investment. Aspecta is committed to providing intelligent certification, price discovery, and lifecycle liquidity for non-liquid assets such as pre-TGE stocks, locked tokens, private equity, and RWA.
Centralized Finance
NEXBRIDGE and its trading platform NEXPLACE have completed a Series A financing round of $8 million, aimed at expanding the compliant digital asset issuance and trading ecosystem based on the Bitcoin Liquid network. NEXBRIDGE previously launched the first compliant digital asset USTBL, backed by U.S. Treasury bonds. This financing round will accelerate the launch of more assets and their distribution across licensed platforms.
Venture Capital Institutions
Ego Death Capital has completed a $100 million investment fund for Bitcoin companies, focusing on promoting the development of software companies based on the Bitcoin protocol. The fund primarily invests in businesses with annual revenues between $1 million and $3 million that are hindered in growth due to limited funding, with a focus on supporting Series A financing, and has invested in Bitcoin-related companies such as Roxom, Relai, and Breez.
Listed Companies' Crypto Asset Reserves
French 5G/4G IoT semiconductor company Sequans Communications has completed a $384 million financing round, and will use all net proceeds to purchase Bitcoin, officially launching its Bitcoin reserve strategy.
The Japanese listed company Remixpoint raised approximately $215 million to purchase Bitcoin, planning to increase its holdings to 3,000 Bitcoins.
Upexi, a Nasdaq-listed company, announced a private placement of $200 million in common stock and convertible notes to purchase SOL. It is expected to hold approximately 1.65 million SOL after the bond issuance.
Sweden's H100 Group has secured approximately $54 million in additional financing to advance investment opportunities within its Bitcoin reserve strategy framework.
Public company Hilbert Group has secured over $21 million in funding to support its Bitcoin strategy, with part of the funds allocated to bolster its cryptocurrency asset portfolio strategy, focusing on promoting the application of Bitcoin in the European corporate market.