Hotcoin Investment and Financing Weekly Report (10.19-10.25) | 24 Public Events, Funding Data Remains Same as Last Week

From October 19 to October 25, there were 24 investment and financing events in the crypto market, including 8 in Infrastructure, 5 in DeFi, 3 in CeFi, 2 in Gaming, 2 in NFT, 1 in DAO Solutions, 1 in On-chain Financial Solutions, 1 in Social, and 1 in Sports & Fitness.

This week, there were 3 financings above ten million dollars:

• Bridge, a stablecoin API platform for developers, completed a $1.1 billion acquisition financing, with Stripe as the investor.

• Decentralized social network Bluesky completed a Series A round of $15 million, with investors including Blockchain Capital, SevenX Ventures, and others.

• Web3 infrastructure platform Validation Cloud completed a $10 million financing round, with True Global Ventures as the investor.

This week's crypto market investment and financing activity remained the same as last week, with 8 deals in Infrastructure and 5 in DeFi. Bridge, the stablecoin API platform for developers, received the largest financing this week, with a funding amount of $1.1 billion.

The investment and financing projects this week are sorted by financing amount as shown in the following chart:

Infrastructure

1. According to ROOTDATA investment data on 10-25, Hana Network completed a $4 million funding round, with investors including Alliance DAO and SushiSwap. Hana Network is a hyper-casual financial system with social network effects and has launched Hana Gateway, a deposit and withdrawal solution. Hana Network aims to achieve user-driven distribution through existing open social networks.

2. According to ROOTDATA investment data on 10-24, Skyfire completed a $1 million strategic funding round, with investors including Coinbase Ventures and a16z. Skyfire is a financial stack for the AI economy, providing instant, global, and open payment systems for AI agents to conduct fully autonomous transactions between AI agents, LLMs, data platforms, service providers, and other goods and services. The Skyfire payment network also unlocks the world's fastest-growing consumer segment - AI agents - for LLMs, data, and service providers. From data analysis and content creation to complex problem-solving and decision-making, AI agents powered by Skyfire will be able to leverage a vast digital service ecosystem without human supervision. All these transactions will be backed by the stablecoin USDC.

3. According to ROOTDATA investment data on 10-24, Validation Cloud completed a $10 million funding round, with True Global Ventures as the investor. Validation Cloud is a Web3 infrastructure platform providing elite, high-performance nodes and staking infrastructure.

4. According to ROOTDATA investment data on 10-23, Borderless completed a $3 million pre-seed round, with investors including Anton Katz and Michael Shaulov. Borderless.xyz is a payment infrastructure platform enabling global fund transactions between stablecoins, real-world assets, and other "internet-native currencies" with fiat currencies.

5. According to ROOTDATA investment data on 10-21, Bridge completed a $1.1 billion acquisition financing, with Stripe as the investor. Bridge is building a stablecoin-powered fund movement platform, offering services including payments, cross-border payments, and foreign currency exchange. Its orchestration and issuance APIs allow any company and team to provide digital dollar-based services to their end consumers or businesses.

6. According to ROOTDATA investment data on 10-21, B² Network completed a funding round of undisclosed amount, with investors including Spartan Group and Animoca Brands. B² Network is an EVM-compatible Rollup based on Bitcoin zero-knowledge proof verification commitments. Rollup data and zk proof verification commitments are recorded on the Bitcoin network and ultimately confirmed through a challenge-response mechanism.

7. According to ROOTDATA investment data on 10-21, Port3 completed a funding round of undisclosed amount, with OOKC as the investor. Port3 is an AI service protocol with massive Web3 datasets, a decentralized computing platform, and an open cross-chain execution layer. It acts as a bridge extending datasets connecting on-chain and off-chain sources, thereby establishing a globally accessible data layer. The initiative is central to enabling automation of broad Web3 AI applications, from user and community analysis to market dynamics and project analysis.

8. According to ROOTDATA investment data on 10-19, ZEROBASE completed a $5 million funding round, with investors including Binance Labs and Faction. ZEROBASE is a real-time ZK prover network designed for speed, decentralization, and regulatory compliance. It generates ZK proofs within hundreds of milliseconds and ensures decentralization and fast consensus through its HUB ring awakening mechanism, enabling large-scale commercial use.

DeFi

1. According to ROOTDATA investment data on 10-24, BulbaSwap completed a $1.3 million seed round, with investors including Foresight Ventures and MEXC Ventures. BulbaSwap is a Morph-based decentralized exchange aggregator, with a search engine backed by multi-source liquidity helping users find the best trading rates.

2. According to ROOTDATA investment data on 10-24, Genius completed a $6 million seed round, with investors including CMCC Global and Avalanche. Genius is a self-custodial digital trading platform launched by Shuttle Labs. The platform aims to address a series of issues that led to FTX's bankruptcy, such as security, user control, and decentralization, and explores using a self-custodial model to eliminate third-party custody risks, ensuring users always hold their own private keys.

3. According to ROOTDATA investment data on 10-23, Fluid Protocol completed a $3.9 million seed round, with investors including CMS Holdings and Maelstrom Capital. Fluid Protocol is a Fuel stablecoin protocol where users can draw interest-free loans against a single collateral type, with loans paid in Fluid's native stablecoin USDF, requiring maintenance of a fixed minimum collateralization ratio. Users will be able to redeem USDF for collateral at par value at any time.

4. According to ROOTDATA investment data on 10-22, Azura completed a $6.9 million seed round, with investors including Initialized Capital and Alliance DAO. Azura is building an on-chain financial interface layer that bundles all the most important applications (especially DEXs) cross-chain into one platform while still maintaining the non-custodial nature of cryptocurrency.

5. According to ROOTDATA investment data on 10-20, Echo Protocol completed a pre-seed round of undisclosed amount, with investors including Spartan Group and ABCDE Capital. Echo is a multi-faceted protocol specifically for bridging, restaking, and decentralized finance (DeFi), operating seamlessly within the Move ecosystem. Its mission is to enhance BTC liquidity and introduce innovative restaking solutions for BTC assets within Move.

CeFi

1. According to ROOTDATA investment data on 10-24, STOKR completed a $7.98 million funding round, with Fulgur Ventures as the investor. STOKR is a digital marketplace for alternative investments where users can access a diversified world of alternative assets by investing in Bitcoin mining, real estate, music royalties, and more. Both institutional and retail investors on STOKR can access diverse and high-quality investment opportunities while retaining direct control over their investments. STOKR is regulated by Luxembourg's CSSF (Financial Regulatory Commission) as a virtual asset service provider, offering turnkey solutions for young and growing companies seeking capital in the EU. These solutions cover all elements of institutional-grade asset tokenization, including complex investment structures, smart contract management, AML/KYC verification, payment rails (cryptocurrency and fiat), and comprehensive lifecycle management of digital securities.

2. According to ROOTDATA investment data on 10-22, Hata completed a $4.2 million seed round, with investors including Castle Island Ventures and Cadenza Ventures. Hata is a regulated cryptocurrency platform that bridges the gap between traditional financial systems and the new world of cryptocurrency, allowing anyone to trade and access cryptocurrency using fiat currencies like USD. Hata is licensed and regulated by the Labuan Financial Services Authority and has received principal approval from the Malaysian Securities Commission to operate a digital asset exchange and digital broker under the Recognized Market Operator framework.

3. According to ROOTDATA investment data on 10-22, Propine completed an M&A financing of undisclosed amount, with Komainu as the investor. Propine is a licensed digital asset custody service provider holding a CMS license from the Monetary Authority of Singapore. Its one-stop custody solution ProtectTM meets digital asset custody needs on a one-stop integrated platform, including digital securities, cryptocurrencies, stablecoins, NFTs, and fiat currencies. CrypTradeTM provides fiat on/off ramps without requiring users to leave the platform, enabling frictionless trading and instant settlement.

Gaming

1. According to ROOTDATA investment data on 10-24, Party Icons completed a $9 million seed round, with investors including Bitkraft Ventures and IDG Capital. Party Icons is a Web3 mobile gaming platform offering three unique modes, aiming to combine the social elements of party games with the excitement of shooter games.

2. According to ROOTDATA investment data on 10-23, Sparkball completed a $2 million funding round, with investors including L1D and CMS Holdings. Sparkball is a 4v4 competitive "combat sports game" where teams must balance hitting and fighting to score against the opponent's goal. Sparkball is described as a combination of League of Legends and Rocket League/FIFA (FutLoL), featuring instant action combat impact where players can itemize heroes and discover new strategies to support elite team cooperation. The game is developed by Opti Games.

NFT

1. According to ROOTDATA investment data on 10-24, BlueMove completed a strategic funding round of undisclosed amount, with Victus Capital as the investor. BlueMove is an NFT marketplace on Aptos and Sui blockchains, actively rewarding participating traders, collectors, and creators.

2. According to ROOTDATA investment data on 10-22, Ordzaar completed a $2 million seed round, with investors including LongHash Ventures and Sora Ventures. Ordzaar is a Bitcoin Ordinals NFT marketplace, providing users with opportunities to participate in, acquire, trade, and sell Ordinals on the Bitcoin blockchain.

Others

1. According to ROOTDATA investment data on 10-25, Bluesky completed a $15 million Series A round, with investors including Blockchain Capital and SevenX Ventures. Bluesky is building the AT Protocol, a new social network foundation that makes creators platform-independent, gives developers freedom to develop, and lets users make choices in their experience. The project was initiated by Twitter's founder.

2. According to ROOTDATA investment data on 10-24, Craftt completed a $2 million seed round, with investors including Superscrypt and DCG. Craftt is a decentralized workforce benefits platform focusing on providing freelancers, consultants, remote workers, etc., with benefits traditionally only available to full-time employees. Through decentralized infrastructure, Craftt aims to simplify global payments and financial management while meeting compliance requirements through verifiable credentials.

3. According to ROOTDATA investment data on 10-24, Moonwalk completed a $3.4 million seed round, with investors including Hack VC and Binance Labs. Moonwalk is a fitness accountability application that combines daily step goals with economic incentives. Users can join or create teams, set daily step goals, and stake their cryptocurrencies such as USDC, SOL, or BONK. Achieving goals protects their deposits, while failure results in partial asset forfeiture.

4. According to ROOTDATA investment data on 10-22, Karpatkey completed a $7 million funding round, with investors including Wintermute and Appworks. Karpatkey is a non-custodial on-chain asset management infrastructure providing financial services to leading DAOs.