Last week, there were a total of 15 public financing events in the cryptocurrency market, raising approximately $95.24 million | Investment and Financing Weekly Report
In the past week, the cryptocurrency industry has experienced a wave of diversified financing, covering multiple sectors such as DeFi, infrastructure, blockchain gaming, AI, and NFTs. Notable financings include Tabit raising $40 million for Bitcoin reserves; cross-border remittance app Abound completing $14 million in funding, led by NEAR Foundation; and Ethereum oracle protocol Chronicle securing $12 million in seed round financing, led by Strobe.整理：Darren，RootData
According to incomplete statistics from RootData, during the period from March 24 to March 30, 2025, there were a total of 15 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing amount of approximately $95.24 million.
In the past week, several representative projects in various segments of the cryptocurrency industry completed new rounds of financing, demonstrating continued confidence from capital in innovative narratives. From the insurance platform Tabit Insurance, backed by Bitcoin reserves, to Warlock Labs, which is building an on-chain transparent order flow system, and the AI-driven application platform Capx and the Solana re-staking protocol Fragmetric, these projects are attempting to expand the boundaries of Web3 in areas such as infrastructure, application layers, blockchain games, NFTs, and AI. This article will summarize the noteworthy cryptocurrency financing dynamics of the week, capturing the budding signals of new trends.
*(List of projects financed last week, data source: * Rootdata）
I. DEFI
According to CoinDesk, Tabit Insurance, a Barbados-licensed insurance company founded by former executives of the now-closed cryptocurrency exchange Bittrex, has completed $40 million in Bitcoin reserve financing to support the development of traditional insurance and reinsurance businesses.
Tabit holds a Class 2 insurance license issued by the Barbados Financial Services Commission and launched a company directors and officers liability insurance (D&O) product backed by Bitcoin reserves priced in USD earlier this year. The company is the first regulated insurance institution to fully rely on Bitcoin reserves to underwrite traditional USD-denominated insurance.
Tabit's reserve system uses Fireblocks' non-custodial technology to build a segregated account structure, allowing Bitcoin holders to inject assets with an annual yield of approximately 10%. CEO Stephen Stonberg stated that Bitcoin, as a new source of capital for the insurance industry, helps drive innovation in the asset-liability structure of the insurance sector.
According to CoinDesk, cryptocurrency startup Warlock Labs, which focuses on transparent on-chain order flow processing, has completed $8 million in financing, with investors including Polychain Capital, Reciprocal Ventures, Greenfield Capital, Symbolic Capital, Ambush Capital, and TRGC. The funds will be used to expand the development and application of its on-chain trading infrastructure.
Warlock Labs was founded by anonymous cryptocurrency trader Grug and aims to build an on-chain order flow processing system with zero-knowledge proof mechanisms to ensure that orders submitted to the platform are not tampered with, enhancing transaction transparency and fairness. Grug stated that the order flow itself has become a source of "alpha," and the ability to "prove that order flow has not been abused" will become a new competitive advantage.
The company plans to initially focus on order flow processing on chains like Ethereum but also intends to expand into market-making for centralized exchanges (CEX). Grug cited a previous controversy involving Binance due to a market maker allegedly manipulating MOVE token trading, highlighting the urgent need for more transparent and trustworthy order flow solutions.
Warlock Labs views Wintermute as its main competitor and emphasizes its own potential for "venture scale."
According to official news, the Solana ecosystem re-staking protocol Fragmetric has completed $5 million in strategic financing, led by Rockaway Capital, with participation from Robot Ventures, Amber Group, Hypersphere, and BitGo.
Reportedly, this round of financing comes just a month after its $7 million seed round, bringing Fragmetric's total financing to $12 million. The funds will be used to expand fragAsset and further advance its mission to build a reliable and innovative re-staking platform.
According to Web3 asset data platform RootData, Fragmetric is Solana's native liquidity re-staking protocol, with a vision to enhance the security and economic potential of the Solana ecosystem. By leveraging Solana's token expansion, Fragmetric effectively achieves NCN reward distribution. Additionally, Fragmetric has designed practical solutions, such as a standardized token program, to utilize various LSTs within the re-staking platform. Fragmetric's mission is to build a secure, transparent, and efficient re-staking infrastructure that empowers users and supports the stability of the Solana re-staking ecosystem.
Magpie Protocol completes $1.6 million financing through IDO
According to official news, the DeFi project Magpie successfully completed over $1.6 million in financing on the @FjordFoundry platform, with over 800 participants supporting this fundraising, making it a highly anticipated community crowdfunding event.
The project team expressed gratitude to all participants, partners, and @SonicEcosystem, stating that this is just the beginning, and more updates regarding Magpie and its native token $FLY will be announced soon.
The official statement said, "Buckle up, Anon, we are just taking off."
II. Infrastructure
Cross-border remittance application Abound completes $14 million financing, led by NEAR Foundation
According to TechCrunch, Abound, a remittance platform incubated by Indian media group Times Internet, has completed $14 million in seed financing, with investors including NEAR Foundation, Circle Ventures, Times Internet, and others. The funds will be used for business expansion, product upgrades, and technological infrastructure development.
Originally named Times Club, Abound became independent from Times Internet in 2023 and primarily serves Indian immigrant users in the United States. Users can remit money to India through its mobile application and earn cashback and rewards while watching sports events, purchasing groceries, and subscribing to streaming services. In the future, the platform also plans to launch high-yield savings, investment opportunities in India, and cross-border credit services.
CEO Nishkaam Mehta, who previously served as Hulu's mobile growth lead, stated that Indian-American households have an average annual income of about $150,000, significantly higher than the national average, yet this demographic is still severely overlooked in financial services.
Currently, Abound has over 500,000 monthly active transaction users and has processed over $150 million in remittances, with revenue growing by 50% month-over-month. Its revenue primarily comes from exchange rate spreads and advertising monetization. Mehta noted that with traffic and advertising resources from Times of India, Abound has an advantage in customer acquisition costs.
Abound currently has about 40 employees, mainly in India, and plans to expand its U.S. team and enter markets with large NRI (Non-Resident Indian) populations, such as Canada, Singapore, and the UAE, with a continued focus on the U.S. market.
Ethereum oracle protocol Chronicle completes $12 million seed round financing, led by Strobe
According to Blockworks, Ethereum's first oracle protocol Chronicle has completed $12 million in seed round financing, led by Strobe (formerly Blocktower Venture Capital), with participation from Brevan Howard, 6th Man Ventures, and others.
Kunkel stated that this round of financing will be used for product development and research. He believes that in the next 12 to 18 months, as financial institutions show increased interest in real-world assets, a large number of related products will be launched, positioning Chronicle as the exclusive oracle for Sky tokenized assets.
According to Web3 asset data platform RootData, Chronicle Protocol is a decentralized oracle solution that has secured over $10 billion in collateral since its inception in 2017. The project continues to protect MakerDAO while establishing an independent brand and business proposition, building a fully verifiable, economically efficient, scalable, and decentralized oracle.
According to Decrypt, the next-generation electric vehicle charging network platform DeCharge announced the completion of $2.5 million in seed round financing, led by Lemniscap, with participation from Colosseum, Daedalus Angels, EV3 Labs, Echo Fundraiser, Chainyoda Jedis, Levitate Labs, and several well-known angel investors from projects such as Bonk, Solana, DripHaus, Spherelabs, DeSights AI, and Linera.
DeCharge is building a decentralized, AI-driven EV energy network, providing efficient and intelligent energy replenishment for electric vehicles, fleets, robots, and future autonomous devices through ultra-fast DC charging stations VoltBox and distributed DeCharge Beast chargers.
Currently, there is an average of only one charging pile for every 33 electric vehicles globally, leading to a severe supply-demand imbalance. DeCharge uses AI dynamic pricing and intelligent path planning systems to enhance user experience while effectively alleviating grid load and charging congestion. Additionally, its community-driven, permissionless deployment model allows anyone to become a charging pile operator and earn diverse revenues from advertising, energy display, and commercial leasing.
This round of financing will be used to accelerate DeCharge's expansion in the U.S., Europe, the Middle East, and emerging markets, with a target of deploying over 3,000 sites. Future plans also include launching DeCharge Energy Marketplace, a fully tokenized energy trading platform, and encouraging users, fleets, and charging pile owners to participate in building a decentralized energy ecosystem through incentive mechanisms.
Co-founder Dr. Prakash Kamaraj stated that this round of financing will help integrate renewable energy and create an "efficient, intelligent, future-oriented" EV charging network. CEO Mohan Kuldeep Ponnada added that DeCharge is committed to building a "decentralized, autonomous, community-driven" new infrastructure for mobility and energy.
Confidential computing network Arcium completes angel round financing, total financing reaches $11 million
ChainCatcher reports that the confidential computing network Arcium has announced the completion of angel round financing, with investors from various fields, including some community fundraising through echo.
The total financing amount has now reached $11 million. Investors include Jupiter co-founder Meow, MegaETH founding team member namik, and Jupiter co-founder Siong.
According to Web3 asset data platform RootData, Arcium is a parallel trusted computing network. It provides developers and applications with a trustless, verifiable, and efficient framework for running trusted computing. Arcium aims to bring trust to every on-chain application and become a global computing network for the decentralized internet. The Multi-Party Computing Execution Environment (MXE) is the cornerstone of the Arcium network. They combine Multi-Party Computing (MPC), Fully Homomorphic Encryption (FHE), Zero-Knowledge Proofs (ZKP), and more to achieve encrypted computing.
Skate completes $1 million community round financing
According to official news, Skate announced the completion of oversubscribed community round financing on the @legiondotcc platform, successfully raising over $1 million, attracting 592 new community members (Skaters) to participate in support.
Skate is a universal application layer that enables applications to run on thousands of chains with a single state. Any new blockchain can easily connect to Skate, allowing users and developers to interact with Skate to instantly access various networks with unified liquidity.
ChainCatcher reports that the blockchain platform MemeCore, focused on meme coins and decentralized innovation, has completed token round financing, with participation from Waterdrip Capital, CatcherVC, and IBC Group. This financing marks an important step for MemeCore in building its ecosystem and integrating blockchain technology with meme culture.
In addition to investment, MemeCore will also collaborate further with Waterdrip Capital, CatcherVC, and IBC Group to explore potential strategic partnerships. These collaborations may include ecosystem expansion plans, joint development of blockchain infrastructure, and establishing partnerships with the rich portfolio projects of the three institutions. With the expertise and industry influence of these investment firms, MemeCore aims to enhance the practicality of its ecosystem, strengthen its market positioning, and promote widespread adoption in the Web3 space.
MemeCore CEO Jun stated, "MemeCore is committed to creating a decentralized 'playground' that empowers meme communities and blockchain projects. The support from Waterdrip Capital, CatcherVC, and IBC Group not only recognizes our vision but also provides us with strategic guidance and industry resources to accelerate our growth. We look forward to working closely with new partners to drive meaningful innovation and create long-term value for our ecosystem."
According to official news, Supra has officially announced the acquisition of the blockchain data tool platform Blockpour and will fully reshape it into the new brand OpenBlocks.ai, jointly embarking on a new development phase centered on AI-driven cross-chain interoperability.
Supra is the first vertically integrated Layer 1 blockchain, built with oracles, verifiable random functions (dVRF), cross-chain communication, and automation capabilities, creating a coordinated execution architecture called "IntraLayer." This acquisition will integrate Blockpour's powerful on-chain data and tools into the Supra ecosystem, accelerating the creation of a cross-chain future that supports AI Agents.
The new brand OpenBlocks.ai will continue Blockpour's on-chain data services and introduce an AI Agent suite based on Supra IntraLayer, allowing users to execute complex cross-chain operations through a simple interface. The AI Agent will ensure transaction security, efficiency, and controllability through preset vaults and security functions.
This acquisition is jointly driven by Supra and Blockpour's early investor BCW Group, aiming to enhance user experience and promote the intelligent and automated progress of Web3. OpenBlocks.ai CEO Brayden Abick stated, "By collaborating with Supra, we will completely simplify the blockchain transaction process, making it easy for ordinary users to utilize cross-chain technology and AI capabilities."
Supra co-founder and CEO Joshua Tobkin stated, "This acquisition not only enhances our technical capabilities but will also elevate the user experience across the entire blockchain ecosystem."
This move signifies that Supra and OpenBlocks are joining forces to build a smart, automated, and seamlessly collaborative on-chain future.
III. Gaming
Tarta Labs completes $4.5 million Pre-Seed financing, led by BITKRAFT Ventures
According to official news, Tarta Labs announced the completion of $4.5 million in Pre-seed financing, led by BITKRAFT Ventures, with follow-on investments from The Spartan Group, IVC, HashKey Capital, and Gam3Girl Ventures.
It is reported that the funds from this round of financing will be used for the development and ecosystem building of Tarta Games' first 3D anime ARPG game, "Spot Zero."
Previously, Tarta Labs had received million-dollar grants from Arbitrum and Mantle. In addition to game development, Tarta Labs is also establishing a new anime IP ecosystem through AI creation, interactive gameplay, decentralized content ownership, and shared royalties.
According to official news from Planetarium Labs, its flagship blockchain game project "Immortal Rising 2" has announced the completion of $3 million in financing and successfully concluded a limited edition NFT sale before its token generation event (TGE). This round of financing was participated in by Web3 investment institutions such as Spartan Group, Immutable, MARBLEX, Comma3 Ventures, Sovrun, 32-Bit Ventures, Notch Ventures, and several angel investors.
"Immortal Rising 2," developed by Busy Beans Studio, is a mobile blockchain game that integrates Web3 mechanisms, with global downloads exceeding 8.8 million. With its strong interactive gameplay and digital asset ownership design, it demonstrates a good product-market fit (PMF).
Immutable co-founder Robbie Ferguson stated that the game combines three advantages: "Asian market," "mobile platform," and "Web3 incentive mechanisms," and is expected to achieve further expansion with the support of Immutable zkEVM and Immutable Play platforms.
Additionally, the recent limited sale of the Immortal Statue NFT has received enthusiastic responses, with NFT holders gaining exclusive game rights, airdrop rewards, and community prestige. In the previous "Play-to-Airdrop" event, over 9 million SBTs (SoulBound Tokens) were claimed by players through daily tasks.
"Immortal Rising 2" is set to welcome its TGE on March 27, officially launching its game economy and governance module, marking a new phase in its decentralized gaming narrative. More TGE information can be obtained through its official X (Twitter) and Discord.
IV. AI
AI agent project Capx AI completes $3.14 million seed round financing, led by Manifold and others
According to Capx team member Sharvil Malik, the AI-native project Capx has announced the completion of $3.14 million in seed round financing, aiming to create an integrated ecosystem for building AI Agent applications and trading. This round of financing will help Capx promote the integration of AI-driven personal entrepreneurship and on-chain capital mechanisms.
Capx believes that as AI enhances its ability to coordinate labor, capital, and execution, the future will belong to individual developers and "vibe coders" who can leverage AI to build "billion-dollar companies with 1-3 people." The currently missing key link is the formation of capital, ownership, and governance frameworks that support AI systems.
Capx is building an AI builder economy ecosystem through its multiple products:
Capx Super App: has attracted over 600,000 users
Capx Chain (testnet): has processed 37 million transactions
Capx Cloud: AI Agent infrastructure supported by $250 million in re-staked assets
The team stated that as early product-market fit (PMF) begins to emerge, they will continue to focus on building a revenue-generating application ecosystem driven by on-chain capital and centered around AI Agents.
V. NFT
BONK announces acquisition of art market platform Exchange Art
According to official news, the Solana ecosystem meme project BONK has officially announced the acquisition of the NFT art trading platform @exchgART (Exchange Art), aiming to "protect and enhance the culture of on-chain art creation, collection, and appreciation."
This acquisition is another important move by BONK to promote the development of the creator economy and support ecosystem building. Art photographer @JTLissPhotoArt will lead a new team to take over Exchange Art, focusing on the long-term development of the platform and the prosperity of the artist community.
The platform transition has officially begun, and the team stated that they will gradually complete the integration of technology and operations, with more details to be announced later. BONK expressed its hope to make Exchange Art a truly "by artists for artists" on-chain marketplace.
