Collated by: Golden Finance
This week, 19 blockchain startups raised a total of $458.4 million.
The largest financing this week
BitMine raised $250 million in a private round of financing, with investors including MOZAYYX*, Founders Fund, and Pantera Capital.
BitMine (also known as BitMine Immersion Technologies) is a vertically integrated Bitcoin and Ethereum network company that focuses on immersion-cooled mining, synthetic mining contracts, and institutional-grade vault services. By immersing mining machines in insulating liquids, BitMine can increase computing power by 25–30%, reduce energy consumption, and extend machine life. The company also provides Mining-as-a-Service (MaaS) to corporate customers and implements a vault management strategy, holding BTC and ETH - including the purchase of 100 Bitcoins and the recent establishment of Ethereum reserves through $250 million in private financing. With deep experience in institutional-grade treasury consulting, BitMine connects advanced mining operations with enterprise-grade crypto asset management.
Pre-seed and Seed Rounds
XO Market raised $500,000 in a pre-seed (super early stage) round of funding from Cyber Fund*, Delphi Ventures*, Binary Builders, and Nick White.
XO Market is a permissionless belief market protocol that allows anyone to create, trade, and settle yes/no markets based on real financial bets. The protocol is based on sovereign rollups, uses Celestia for data availability, and introduces AI-driven oracles and decentralized arbitration mechanisms to ensure fast, accurate, and tamper-proof results. Its adaptive liquidity algorithm maintains depth in niche thematic markets, while token incentives reward market creators, traders, and settlers.
Datagram has raised $4 million in a pre-seed round from investors including Blizzard*, Animoca Brands, Cointelegraph Acceleration, Amber Group, Aquanow (AQN), Arche Fund (Coin98 Ventures), DePIN X, Iskra, JDI Ventures, and Yellow Capital.
Datagram is a decentralized physical infrastructure network (DePIN) and AI-driven hyperfabric layer 1 blockchain designed to enable fast, scalable, permissionless network connectivity. It integrates idle network, computing, and storage resources to provide ultra-low latency experiences for real-time applications such as gaming, AI/ML, video conferencing, telemedicine, streaming, and IoT. Its blockchain is used to coordinate decentralized nodes and rewards nodes for their contributions in uptime and traffic processing through utility tokens such as $DGRAM, $UDP, and $TCP. The platform uses end-to-end encryption, does not require centralized servers, and supports seamless B2B2C integration, aiming to build the core network of the next generation of decentralized connectivity.
inshAllah raised $2.1 million in a pre-seed round of financing, with investors including Alliance DAO (formerly DeFi Alliance)*, Blockchain Builders Fund (BBF), Polymorphic Capital, Sancus Ventures, J17 Capital, Lingfeng Innovation Fund (LIF), GD1, Adam Patel and Loopify.
inshAllah.fi is pioneering Islamic DeFi, providing Muslim investors with fully Shariah-compliant crypto-financial products. Under the supervision of scholars, its flagship product Goldsand provides Shariah-compliant Ethereum and Solana staking services - excluding transactions involving interest or impermissible actions, while still achieving competitive annualized yields (about 2.9–3%). The platform plans to expand to Sharia-compliant lending, stablecoins, and zero-interest loans in the future, aiming to redefine the $4 trillion Islamic finance market through crypto technology. The team is built by engineers and Islamic finance experts, committed to combining faith-based finance with emerging DeFi infrastructure.
Backseat raised $9.7 million in a Seed round of financing, with investors including Spiral Capital*, Headline Asia*, and East Ventures.
Backseat Exchange (BSE) is a newly established Japanese cryptocurrency exchange established through the acquisition of Coinbook. Backseat plans to enrich its product line, recruit talent, and strengthen its organizational structure. The platform has been renamed "Backseat Cryptocurrency Exchange" and will promote the popularization and application of Web3 in Japan under the leadership of the new management team and relying on Coinbook's existing market influence.
Other Investment Rounds
Zypher Network raised $7 million in a funding round from investors including UOB Venture Management*, Signum Capital*, Hashkey Capital, Cogitent Ventures, CatcherVC, DWF Ventures, Hong Leong Group, and Hydrogenesis Labs.
Zypher Network is a zero-knowledge computation layer designed for trustless AI agents and large-scale decentralized applications. It provides middleware solutions such as Proof of Prompt and Proof of Inference to ensure data integrity and privacy without exposing the underlying content. With Zytron Layer3 rollup and Z4 game framework, Zypher supports decentralized, serverless execution of Web3 games and AI processes, and enables zkAI mining across chains such as BNB and Linea. The network combines digital miners, proof-of-work validation, and zero-knowledge-enabled gaming infrastructure to power verifiable, autonomous, and secure on-chain AI and gaming applications.
Oasis Pro Markets Receives Investment from Ondo Finance in an Acquisition Round for an Undisclosed Amount.
Oasis Pro Markets operates OATS PRO, the first regulated alternative trading system (ATS) for digital securities in the U.S. The platform enables issuers and qualified/institutional investors to onboard, issue, and trade digital assets such as public or private equity or bonds. Through blockchain-powered tokenization, fiat or stablecoin settlement, and transfer agent services, Oasis provides compliant, efficient digital marketplaces for real-world assets.
Perena Receives Investment from SIG DTI (a Susquehanna International Group Company)*, Native Crypto, Hermeneutic Investments, and Echo in an Undisclosed Amount.
Perena is a DeFi platform that aims to enhance the usability, liquidity and yield of stablecoins. It provides a full set of tools to help seamlessly swap on-chain assets and maximize the yield of idle stablecoin liquidity. By pooling liquidity into centralized assets, Perena helps new stablecoins access existing liquidity pools and underlying assets at a lower cost, thereby lowering the barrier to entry. The platform also solves the problems of fragmentation and shallow liquidity by unifying liquidity, enabling more efficient asset distribution.
The Open Platform (TOP) Raised $28.5M in Series A funding from investors including Ribbit Capital* and Pantera Capital.
TOP (The Open Platform) builds infrastructure and tools for Web3 developers on the TON blockchain to launch Telegram-native crypto applications. The product suite includes SDKs, APIs, wallets, and DeFi primitives, making in-chat games, token swaps, NFT experiences, and more accessible to Telegram's large user base. With support for TON Connect, STON.fi, and TON Play, TOP helps users and developers seamlessly integrate crypto into familiar Telegram processes, driving mass adoption of consumer Web3 features.
Pipe Network (Permissionless Labs) Raised $7.5M in a Public Sale Round.
Pipe Network is an incentivized Internet infrastructure project that aims to revolutionize content delivery networks (CDNs) through blockchain technology. Users contribute computing power to expand CDN nodes and improve content delivery efficiency. Pipe uses crypto incentives to increase data transmission speed and efficiency and reduce latency caused by geographic location. The project is based on the Solana blockchain and plans to launch a testnet at the Breakpoint conference in Singapore.
Coinstash Raised $3.1M in Series A funding.
Coinstash is an Australia-based cryptocurrency exchange founded in 2017 that allows users to securely buy, sell and trade over 1,000 cryptocurrencies using Australian dollars, with fixed low fees and limit orders, fixed investment, portfolio tracking and other tools. The platform holds an AUSTRAC license and works with Fireblocks and Chainalysis. Its features include DeFi connectors, SMSF support, etc., serving retail and institutional clients, and providing support to users through mobile apps and web terminals.
Distinct Possibility Studios raised $30.5 million in a round of financing, with investors including BITKRAFT Ventures*, Brevan Howard Digital*, Tezos Foundation, Hashed, Delphi Ventures, Shima Capital, North Island Ventures (NIV) and Decasonic.
The studio is developing Reaper Actual, a AAA open-world, persistent shooter with massive map sizes, player-owned bases, PvPvE combat, resource collection, and base defense. Built on Tezos Layer 2 Etherlink, the game combines immersive AAA gaming with blockchain asset ownership and is scheduled to launch in early access on the Epic Games Store and Steam. Backed by a number of gaming and crypto investment institutions, the studio aims to create a “true Web3 game.”
LiquiFi has received an investment from Coinbase in an M&A round (amount not disclosed).
Liquifi is an automated token operations platform that helps crypto companies manage token vesting, lockups, airdrops, tax withholding, and equity table compliance without code. Its audited smart contracts and simple dashboards help teams easily issue tokens, distribute rewards, and ensure global compliance, with integrated compensation and airdrop functions. Liquifi powers major protocols, manages over $8.5 billion in assets, and enables enterprises to scale token operations more securely, transparently, and with less manual burden.
Lolli Receives Investment from Thesis in an Acquisition Round (Amount Undisclosed).
Lolli is a shopping cashback app that rewards users with Bitcoin when they shop at their favorite stores.
AllScale Raised $1.5M in a funding round from investors including Draper Dragon, Amber Group, KuCoin Ventures, Oak Grove Ventures, BlockBooster, and Y2Z Ventures.
AllScale is a crypto-fiat agnostic neobank that provides compliant, intuitive stablecoin payment solutions to SMEs, freelancers, DAOs, and Web3 teams to achieve global development. It provides low-cost, real-time cross-border services (such as invoicing, e-commerce payments, and payroll) with no delays 24/7. Features include one-time bill linking, payroll dashboards and social media payment components to help businesses simplify international payments, compliance and fund management.
The Blockchain Group raised $13 million in a round of financing, with investors including TOBAM and Adam Back.
The Blockchain Group (ALTBG) is Europe's first listed Bitcoin vault company, headquartered in Puteaux, France, and listed on Euronext Growth Paris. The company combines institutional-grade Bitcoin asset management with its subsidiaries' strategic layout in data intelligence, AI, and decentralized technology. The group currently holds approximately 1,800 Bitcoins, achieved a return of more than 1,200% in 2025, and continues to increase its holdings through equity and convertible bonds. The goal is to apply blockchain and AI solutions to various industries while maximizing the value of Bitcoin for shareholders.
Limitless raised $4M in a strategic funding round from investors including Coinbase Ventures, Maelstrom, Node Capital, Punk DAO, WAGMI Ventures, and Collider Ventures.
Limitless is a decentralized social prediction protocol that allows creators to easily create prediction markets and share them with the community. Users can trade on the outcomes of real-world events and earn fees. The platform uses price oracles to settle daily markets, similar to binary options or 0DTE options. Limitless combines community interaction with DeFi to provide a smooth and low-cost prediction market experience.
TWL Miner raised $95M in Series B funding.
TWL Miner is a UK-based cloud mining platform that uses renewable energy and was founded in 2019. Currently, it has more than 60 data centers around the world, running on solar and wind power, allowing users in more than 180 countries to easily participate in crypto mining without having to purchase hardware themselves. Users can receive a $10 registration bonus and a daily sign-in bonus, flexibly choose contracts and settle them daily, and return the principal after the contract expires.
Crystalfall raised $2 million in a round of financing, with investors including Beam, CoinFund, MH Ventures, Avalanche, A100x Ventures, SNZ Holding and Lyrik Ventures.
Crystalfall is a free-to-play steampunk action RPG set in a post-apocalyptic world destroyed by a mysterious crystal meteorite. Players can choose from hybrid animal hero classes (such as knights, gunners and tech wizards) and fight wargs and mutant creatures in randomly generated dungeons. The game includes deep character development through procedurally generated talent trees, which can drop skills, synthesize and trade, and supports single-player and cooperative modes. Developed by Swedish independent game studio Cold River Games, it is currently in the public beta stage and plans to release a formal PC version in 2025.
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