Weekly Financing Express | 15 projects were invested, with a total disclosed financing of about US$760 million (6.30-7.06)

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 amount raised was about $760 million, a significant decrease from $2.3 billion in the previous week. The highlight of this week's funding round was the announcement of the closing of a $528 million funding round by DDC Enterprise Limited, which will be used to advance its corporate Bitcoin overweight strategy. In addition, TWL Miner, a UK-based cloud mining platform, closed a $95 million Series B funding round. A notable recent funding trend is that a number of centralized entities are backing crypto strategic reserves through financing.

The following are the specific financing events (Note: 1. Sorted by the size of the published amount; 2. Excludes fund raising and mergers and acquisitions; 3. *For companies in the "traditional" field whose business is partially involved in blockchain):

DDC Enterprise closed a $528 million funding round with participation from Anson Funds and others

On July 1, DDC Enterprise Limited announced the closing of a $528 million funding round with participation from Anson Funds and others, including a $26 million strategic PIPE investment from leading Bitcoin and digital asset investors, with the new funds intended to be used to implement its corporate Bitcoin overweight strategy.

TWL Miner, a UK-based cloud mining platform, has closed a $95 million Series B funding round

On July 1, TWL Miner, a UK-based cloud mining platform, closed a $95 million Series B funding round with the participation of a number of investment institutions with expertise in the field of blockchain and sustainable technology. 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 timing, reduce energy consumption, and improve the success rate and operational stability of block validation.

Distinct Possibility Studios closed a $30.5 million funding round co-led by Bitkraft Ventures and Brevan Howard Digital

On July 4, Web3 gaming platform Distinct Possibility Studios closed a $30.5 million funding round co-led by Bitkraft Ventures and Brevan Howard Digital, with the Tezos Foundation, Hashed, Delphi Ventures, Shima Capital, North Island Ventures, and Decasonic participated. Founded by EverQuest co-founder John Smedley, the studio will fund the development and launch of its AAA shooter, Reaper Actual, which is expected to be available on Steam and the Epic Games Store.

ICN, a Web3 cloud platform, has closed a €28.8 million funding round at a valuation of €398 million, led by NGP Capital

On July 4, Impossible Cloud Network (ICN), a decentralized cloud platform headquartered in Zug, Switzerland, announced the closing of a €28.8 million funding round at a latest valuation of €398 million. The round was led by NGP Capital, with participation from 1kx, Protocol Labs, and others. ICN also launched its native token, ICNT, and plans to land on a number of centralized exchanges such as Binance and Kraken. ICN is committed to building permissionless Web3 cloud infrastructure, positioning itself as an alternative to traditional cloud giants such as AWS.

The Open Platform closed a $28.5 million Series A funding round led by Ribbit Capital

On July 4, The Open Platform, a Telegram ecosystem development platform, announced the completion of a $28.5 million Series A funding round with a post-investment valuation of $1 billion. The round was led by fintech investment firm Ribbit Capital, with participation from crypto venture capital Pantera Capital. The financing sells about 5% of the equity and does not include a share of cryptocurrency. The Open Platform has raised more than $70 million in funding.

Amber International closed a $25.5 million private placement to advance its $100 million crypto reserve strategy

On July 4, Amber International, a publicly traded subsidiary of Amber Group, announced the closing of a $25.5 million private placement round from investors including Pantera Capital, CMAG Funds and others. The funds will be used to support its $100 million crypto reserve strategy, which was launched in May, with the aim of driving long-term ecosystem growth and product innovation. At present, its reserve assets have covered BTC, ETH, SOL, BNB, XRP and SUI, focusing on RWA asset tokenization and AgentFi.

Green Minerals, a Norwegian mining company, has signed a financing agreement of about $25 million to increase its holdings in Bitcoin

On July 2, according to an official announcement, Green Minerals, a Norwegian deep-sea mining and sustainable minerals mining company, announced that it had signed a structured financing agreement worth NOK 250 million (about $25 million) to buy more bitcoin.

Web3 infrastructure developer Zypher Network has closed a $7 million funding round co-led by UOB Venture and Signum Capital

On July 4, Web3 infrastructure developer Zypher Network closed a $7 million funding round co-led by UOB Venture and Signum Capital, with HashKey Capital, Hong Leong Group, Cogitent Ventures, Catcher VC, Hydrogenesis Labs, and DWF Venture and other strategic investors.

Fragbite Group has reached a SEK 5 million funding deal to support the purchase of Bitcoin

On July 5, Fragbite Group, a publicly traded Swedish company, announced that it had entered into a SEK 5 million financing agreement with investors as a group of shareholders of the company, including Patrik von Bahr, the company's chief financial officer, with an investment of approximately SEK 1 million. It is reported that the fundraising is intended to be used to buy bitcoin to support its newly established Bitcoin Treasury. Fragbite Group plans to convene an extraordinary general meeting following the release of its next interim report for the second quarter of 2025 to make the necessary resolutions on this financing agreement.

Limitless closed a $4 million strategic round of funding with participation from Coinbase Ventures and others

On July 1, Limitless, the on-chain prediction marketplace on Base, announced the closing of a $4 million strategic funding round with participation from Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures, which it previously closed A $3 million seed round, bringing the total to $7 million to date, with the new funds intended to be used to prepare for the upcoming TGE.

Datagram, an AI-powered hyperstructured network, has closed a $4 million Pre-Seed round led by Blizzard the Avalanche Fund

On June 30, Datagram, an AI-powered hyperstructured network, closed a $4 million Pre-Seed round 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 and others. It is reported that this round of funds will be used to build a sovereign Layer 1 blockchain on Avalanche and accelerate the deployment of node networks.

Blackcats Universe announced that it has closed a $3 million funding round

On July 1, Blackcats Universe announced that it had closed a $3 million funding round with investment from Bain Ventures. It is reported that this financing will be used for the development of Black Cat AI agents, which will create a Web3 ecosystem integrating entertainment, socialization, finance and AI interaction by integrating NFT + GameFi + DeFi + AI agents.

Islamic DeFi project inshAllah closed a $2.1 million seed round led by Alliance DAO

On July 1, inshAllah Finance, an Islamic DeFi project, announced the completion of a $2.1 million seed round led by Alliance DAO, with participation from Blockchain Builders Fund, Polymorphic Capital, Sancus Ventures, and other institutions and angel investors.

Idea-L, an AI and Web3 startup verification platform, has closed a $1 million Pre-Seed round of funding

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, and the new funds are intended to support the launch of its DAO-managed venture capital fund deVC Fund and plan to launch a governance token, which will support it to build an inference-led AI large language model in a multi-model and multi-modal environment to validate entrepreneurial ideas.

BACKSEAT, A JAPANESE CRYPTO EXCHANGE OPERATOR, CLOSED A SEED ROUND OF FUNDING THAT RAISED AROUND $9.69 MILLION CUMULATIVELY

On June 30, Japanese crypto exchange operator BACKSEAT announced that it had closed a seed funding round, co-led by Spiral Capital and Headline Asia, with participation from East Ventures. In the first year of its establishment, the company has raised about 1.4 billion yen (about 9.69 million US dollars) in cumulative financing. It is reported that the financing funds will be used for product development, talent recruitment and strengthening the organizational structure.