The third week of March 2025 marked a significant development in the cryptocurrency landscape as Kraken finalized its $1.5 billion purchase of NinjaTrader. Concurrently, MoonPay secured $200 million to enhance its payment infrastructure.
As reported, the total funding for the week exceeded $2 billion, with an increased focus on trading tools, storage solutions, and payment systems.
NinjaTrader, $1.5 billion
- Acquisition occurred by Kraken for $1.50 billion.
- This M&A transaction will bolster Kraken’s trading analytics capabilities.
- Efforts are being made to build financial and trading infrastructure.
- Development of analytical trading tools is underway.
MoonPay, $200 million
- MoonPay obtained a $200 million revolving credit line from Galaxy, a firm specializing in crypto financial services.
- The company, focused on creating payment and trading solutions, has raised a cumulative total of $1.16 billion to date.
Walrus, $140 million
- Walrus acquired $140 million in an undisclosed funding round with a $2 billion fully diluted valuation.
- The investment came from Standard Crypto, a16z crypto, and Electric Capital.
- Walrus is working on developing storage solutions within the Sui (SUI) ecosystem.
VIA, $28 million
- VIA raised $28 million during its Series B financing.
- This investment was supported by Bosch Ventures, BMW i Ventures, and MassMutual Ventures.
- To date, the project has gathered $45.15 million.
Crossmint, $23.6 million
- Crossmint, which focuses on NFT payment infrastructure, successfully raised $23.6 million in Series A funding.
- The round saw contributions from Ribbit Capital, Franklin Templeton, and Nyca.
Halliday, $20 million
- Halliday completed a $20 million Series A funding round.
- Investors include a16z crypto, SVA Angel led by Ron Conway, and Blizzard.
- The company, dedicated to gaming payment infrastructure, has raised a total of $26 million to date.
Utila, $18 million
- Utila obtained $18 million in Series A funding.
- The startup is backed by Nyca Partners, Wing Venture Capital, and NFX.
- Utila is in the process of developing a multichain security wallet, having raised a total of $29.5 million so far.
SlingShot DAO, $16 million
- SlingShot DAO raised $16 million in an undisclosed funding round.
- Investors included Dragonfly, Animoca Brands, and DCG.
- Overall, the project has raised $19 million thus far.
Privy, $15 million
- Privy secured $15 million in an undisclosed funding round.
- This round saw backing from Ribbit Capital, Sequoia, and Paradigm.
- The startup has raised $33 million overall to date.
Notable crypto VC funding rounds
- Ephyra, $10.5 million for AI gaming on P2E
- Yeet, $7.75 million for P2E gaming on Berachain
- Pluralis Research, $7.60 million for AI infrastructure
- Uranium Digital, $6.10 million for real-world assets on Solana (SOL)
- ABEX, $6 million for financial asset management
- Soluna, Opinion Labs, and Hibachi each raised $5 million
- Stable Sea, $3.5 million for stablecoin payments
- Redacted, $3.01 million with $70 million FDV for entertainment
- Level Protocol, $2.6 million for stablecoin solutions
- Manifest Finance, $2.5 million for real-world assets
- Stoffel MPC, $1.6 million for privacy infrastructure
- Oro, $1.5 million for Solana real-world assets
- Kamigotchi, $1.3 million for P2E gaming
- Bedrock, $1.25 million with $25 million FDV for DeFi staking
- NeuronX, $1 million for AI lending solutions