According to incomplete statistics from Odaily Planet Daily, from June 30 to July 6, a total of 15 financing events were disclosed in the global blockchain field, a slight decrease from 19 in the previous week; the total financing amount was about US$760 million, a significant decrease from US$2.3 billion in the previous week. The highlight of this weeks financing is that DDC Enterprise Limited announced the completion of US$528 million in financing, which will be used to promote its corporate Bitcoin holdings strategy. In addition, the British cloud mining platform TWL Miner completed a US$95 million Series B financing. A significant recent financing trend is that many centralized entities support strategic reserves of cryptocurrencies through financing.
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):
DDC Enterprise Completes $528 Million Financing, with Anson Funds and Others Participating
On July 1, DDC Enterprise Limited announced the completion of a financing of US$528 million, with Anson Funds and others participating in the investment. This included a strategic PIPE investment of US$26 million from leading Bitcoin and digital asset investors. The new funds are intended to be used to implement its corporate Bitcoin holdings increase strategy.
British cloud mining platform TWL Miner completes $95 million Series B financing
On July 1, British cloud mining platform TWL Miner completed a $95 million Series B financing round, with participation from several investment institutions with expertise in blockchain and sustainable technology, but the specific names of the institutions have not yet been disclosed. It is reported that the new funds will be used to strengthen the construction of a global renewable energy data center network and develop an artificial intelligence mining system to dynamically manage computing resources, predict the best mining time, reduce energy consumption, and improve the success rate of block verification and operational stability.
On July 4, Web3 gaming platform Distinct Possibility Studios completed a $30.5 million financing, led by Bitkraft Ventures and Brevan Howard Digital, with participation from Tezos Foundation, Hashed, Delphi Ventures, Shima Capital, North Island Ventures and Decasonic. The game studio was founded by EverQuest co-founder John Smedley, and the funds will be used to support the development and launch of its AAA shooting game Reaper Actual, which is expected to be available on Steam and Epic Games stores.
On July 4, Impossible Cloud Network (ICN), a decentralized cloud platform headquartered in Zug, Switzerland, announced the completion of 28.8 million euros in financing, with the latest valuation reaching 398 million euros. This round was led by NGP Capital, with participation from 1kx, Protocol Labs and others. ICN also launched its native token ICNT and plans to list on multiple centralized exchanges such as Binance and Kraken. ICN is committed to building a permissionless Web3 cloud infrastructure, positioning itself as an alternative to traditional cloud giants such as AWS.
The Open Platform Completes $28.5 Million Series A Funding, Led by Ribbit Capital
On July 4, Telegram ecosystem development platform The Open Platform announced the completion of a $28.5 million Series A financing, with a post-investment valuation of $1 billion. This round was led by financial technology investment institution Ribbit Capital, and crypto venture capital Pantera Capital participated. This financing transferred about 5% of the equity, and did not include cryptocurrency shares. The Open Platform has raised more than $70 million in total.
On July 4, Amber International, a listed subsidiary of Amber Group, announced the completion of a $25.5 million private placement financing, with investors including Pantera Capital, CMAG Funds and other institutions. The funds will be used to support its $100 million crypto reserve strategy launched in May, aiming to promote the long-term development of the ecosystem and product innovation. Currently, its reserve assets cover BTC, ETH, SOL, BNB, XRP and SUI, with a focus on RWA asset tokenization and AgentFi.
On July 2, according to an official announcement, Green Minerals, a Norwegian deep-sea mining and sustainable mineral mining company, announced that it had signed a structured financing agreement worth 250 million Norwegian kroner (approximately US$25 million) to purchase more Bitcoin.
On July 4, Web3 infrastructure developer Zypher Network completed a US$7 million financing round, led 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.
On July 5, Swedish listed company Fragbite Group announced that it had reached a 5 million Swedish kronor financing agreement with a group of shareholders of the company, including the companys financial director Patrik von Bahr (investing about 1 million Swedish kronor). It is reported that the funds raised are intended to purchase Bitcoin to support its newly established Bitcoin Treasury. Fragbite Group plans to hold a special shareholders meeting after the release of the next interim report in the second quarter of 2025 to make the necessary resolutions on this financing agreement.
On July 1, the Base chain prediction market Limitless 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 had previously completed a $3 million seed round of financing. As of now, the total financing has reached $7 million. The new funds are intended to be used to prepare for the upcoming TGE.
On June 30, AI-driven superstructure network Datagram completed a $4 million Pre-Seed round of financing, led by Blizzard the Avalanche Fund, with participation from Animoca Brands, Cointelegraph, Amber Group, Aquanow, Arche Fund, DePIN X Capital, ISKRA, JDI Ventures, Yellow Capital, etc. It is reported that this round of funds will be used to build a sovereign Layer 1 blockchain on Avalanche and accelerate node network deployment.
Blackcats Universe announces $3 million in funding
On July 1, Blackcats Universe announced that it had completed a $3 million financing round, invested by Bain Ventures. It is reported that this financing will be used for the development of Blackcats AI agent. The platform will create a Web3 ecosystem integrating entertainment, social, finance and AI interaction by integrating NFT + GameFi + DeFi + AI agent.
Islamic DeFi project inshAllah completes $2.1 million seed round of financing, led by Alliance DAO
On July 1, the Islamic DeFi project inshAllah Finance announced the completion of a $2.1 million seed round of financing. This round of financing was led by Alliance DAO, with participation from Blockchain Builders Fund, Polymorphic Capital, Sancus Ventures and other institutions and several angel investors.
AI and Web3 startup verification platform Idea-L completes $1 million Pre-Seed round of financing
On June 30, Idea-L, a Dubai-based AI and Web3 startup verification platform, announced the completion of a $1 million Pre-Seed round of financing, with the participation of multiple angel investors. The new funds are intended to support the launch of its DAO-managed venture capital fund deVC Fund and plans to launch a governance token, which will support the construction of a large artificial intelligence language model dominated by reasoning in multi-model and multi-modal environments to verify entrepreneurial ideas.
On June 30, Japanese crypto exchange operator BACKSEAT announced that it had completed its seed round of financing, with Spiral Capital and Headline Asia co-leading the investment and East Ventures participating. The company has raised a total of about 1.4 billion yen (about 9.69 million U.S. dollars) in the past year since its establishment. It is reported that the funds raised will be used for product development, talent recruitment and strengthening of organizational structure.
