Hotcoin Investment and Financing Weekly Report (10.19-10.25) | A total of 24 public investment and financing events, financing data remains the same as last week

From October 19 to October 25, the crypto market saw a total of 24 investment and financing events, including 8 in infrastructure, 5 in DeFi, 3 in CeFi, 2 in gaming, 2 in NFTs, 1 in DAO solutions, 1 in on-chain financial solutions, 1 in social, and 1 in sports and fitness.

This week, there were 3 financing events exceeding ten million dollars:

• The developer-focused stablecoin API Bridge completed a round of $1.1 billion in merger financing, with Stripe as the investor.

• The decentralized social network Bluesky completed a $15 million Series A financing round, with investors including Blockchain Capital and SevenX Ventures.

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

This week, the investment and financing activity in the crypto market remained stable compared to last week, with 8 events in infrastructure and 5 in DeFi. The developer-focused stablecoin API Bridge secured the largest financing amount of the week, totaling $1.1 billion.

The investment and financing projects of this week are sorted by financing amount as shown in the figure below:

Infrastructure

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

2. According to ROOTDATA investment and financing data from October 10-24, Skyfire completed a $1 million strategic financing round, with investors including Coinbase Ventures and a16z. Skyfire is a financial stack for the AI economy, providing an instant, global, and open payment system for AI agents to conduct fully autonomous transactions among AI agents, law masters, data platforms, service providers, and other goods and services. The Skyfire payment network also unlocks the fastest-growing consumer segment for LLMs, data, and service providers—AI agents. 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 supported by the stablecoin USDC.

3. According to ROOTDATA investment and financing data from October 10-24, Validation Cloud completed a $10 million financing 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 and financing data from October 10-23, Borderless completed a $3 million pre-seed financing round, with investors including Anton Katz and Michael Shaulov. Borderless.xyz is a payment infrastructure platform that allows global fund transactions between stablecoins, real-world assets, and other "internet-native currencies" and fiat currencies.

5. According to ROOTDATA investment and financing data from October 10-21, Bridge completed a $1.1 billion merger financing round, with Stripe as the investor. Bridge is building a stablecoin-driven liquidity platform that provides services such as payments, cross-border payments, and currency exchange. Its orchestration and issuance API allows any company or team to offer digital dollar-based services to their end consumers or businesses.

6. According to ROOTDATA investment and financing data from October 10-21, B² Network completed a financing round with an unknown 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 and financing data from October 10-21, Port3 completed a financing round with an unknown amount, with OOKC as the investor. Port3 is an AI service protocol featuring large-scale Web3 datasets, a decentralized computing platform, and an open cross-chain execution layer. It acts as a bridge connecting on-chain and off-chain sources to establish a globally accessible data layer. This initiative is central to automating widespread Web3 AI applications, from user and community analytics to market dynamics and project analysis.

8. According to ROOTDATA investment and financing data from October 10-19, ZEROBASE completed a $5 million financing 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 in hundreds of milliseconds and ensures decentralization and rapid consensus through its HUB ring awakening mechanism, enabling large-scale commercial use.

DeFi

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

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

3. According to ROOTDATA investment and financing data from October 10-23, Fluid Protocol completed a $3.9 million seed financing round, with investors including CMS Holdings and Maelstrom Capital. Fluid Protocol is a Fuel stablecoin protocol that allows users to withdraw interest-free loans against a single collateral type, with loans paid in Fluid's native stablecoin USDF, which must maintain a fixed minimum collateral ratio. Users will be able to redeem USDF at par as collateral at any time.

4. According to ROOTDATA investment and financing data from October 10-22, Azura completed a $6.9 million seed financing 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) across chains into one platform while retaining the non-custodial nature of cryptocurrencies.

5. According to ROOTDATA investment and financing data from October 10-20, Echo Protocol completed a pre-seed financing round with an unknown amount, with investors including Spartan Group and ABCDE Capital. Echo is a multifaceted protocol specifically designed for bridging, re-staking, and decentralized finance (DeFi), enabling seamless interoperability within the Move ecosystem. Its mission is to enhance BTC liquidity and introduce innovative re-staking solutions for BTC assets within Move.

CeFi

1. According to ROOTDATA investment and financing data from October 10-24, STOKR completed a $7.98 million financing round, with Fulgur Ventures as the investor. STOKR is a digital marketplace for alternative investments, allowing users to access a diversified world of alternative assets through investments in Bitcoin mining, real estate, music royalties, and more. At STOKR, both institutional and retail investors can access diverse and high-quality investment opportunities while retaining direct control over their investments. STOKR is regulated as a virtual asset service provider by the Luxembourg CSSF (Financial Supervisory Authority) and provides turnkey solutions for young and growth-oriented companies seeking capital in the EU. These solutions cover all aspects of institutional-grade asset tokenization, including complex investment structures, smart contract management, AML/KYC verification, payment rails (both cryptocurrencies and fiat), and comprehensive lifecycle management of digital securities.

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

3. According to ROOTDATA investment and financing data from October 10-22, Propine completed a merger financing round with an unknown 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 the custody needs of digital assets on a fully integrated platform, including digital securities, cryptocurrencies, stablecoins, NFTs, and fiat. 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 and financing data from October 10-24, Party Icons completed a $9 million seed financing round, with investors including Bitkraft Ventures and IDG Capital. Party Icons is a Web3 mobile gaming platform offering three unique modes designed to combine the social elements of party games with the intense excitement of shooting games.

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

NFT

1. According to ROOTDATA investment and financing data from October 10-24, BlueMove completed a strategic financing round with an unknown amount, with Victus Capital as the investor. BlueMove is an NFT marketplace on the Aptos and Sui blockchains that actively rewards participating traders, collectors, and creators.

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

Others

1. According to ROOTDATA investment and financing data from October 10-25, Bluesky completed a $15 million Series A financing round, with investors including Blockchain Capital and SevenX Ventures. Bluesky is building the AT Protocol, a new social network foundation that allows creators to operate independently of platforms, developers to freely innovate, and users to make choices in their experiences. The project is initiated by the founder of Twitter.

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

3. According to ROOTDATA investment and financing data from October 10-24, Moonwalk completed a $3.4 million seed financing 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 can protect their deposits, while failure may result in the forfeiture of part of their assets.

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