From October 18 to 25, 2025, the crypto and fintech investment scene remained active, with 36 projects announcing new funding rounds, acquisitions, or token sales totaling over $728 million.
M&A Leads the Week Thanks to Coinbase’s $375M Deal
According to Incrypted’s weekly investment tracker, the total disclosed capital inflow reached $728.6 million, with 29 projects sharing full details. This includes venture funding, token offerings, and several major corporate deals — most notably Coinbase’s acquisition of Echo for $375 million, which dominated this week’s M&A activity.
Venture Rounds: AI, DeFi, Web3, and Banking Converge
This week saw a diverse mix of venture-backed projects across Web3, blockchain infrastructure, and AI-integrated platforms.
- $39M — Pave Bank
Digital-first neobank merging traditional finance with crypto rails. Series A led by Accel, joined by Tether Investments, Wintermute, and Quona Capital. - $25.5M — Sign Protocol
An omnichain attestation layer enabling verifiable claims and digital certificates. Backed by YZi Labs and IDG Capital. - $10M — BitcoinOS
Aiming to turn Bitcoin into a programmable network layer similar to Ethereum. Round led by Greenfield Capital, joined by FalconX and Bitcoin Frontier Fund. - $10M — Bluwhale
A decentralized AI network powering agent systems across chains. Supported by UOB Ventures, SBI Holdings, and major ecosystems like Sui, Tezos, and Cardano. - $10M — Limitless Labs
Real-time prediction markets using blockchain and AI. Funded by 1confirmation, DCG, Coinbase Ventures, and others. - $10M — StraitsX
Stablecoin payment infrastructure scaling across Southeast Asia. Funded by UQPAY and DOCOMO. - $10M — Cybrid
Stablecoin payment infrastructure backed by BDC Capital, Golden Ventures, and others. - $9.8M — Natural
Building payment infrastructure for AI agents. Supported by Abstract, Forerunner, and Human Capital. - $8M — Nubila Network
DePIN project aggregating real-world data for AI, RWA, and predictive models. Backed by Blockspace Force and Quantum Holdings. - $7M — pieverse
Web3 time monetization app. Strategic round led by Animoca Brands and UOB Ventures. - $6M — METYA
SocialFi platform rewarding user engagement. Investors include Echo3Labs and Greenwood Global Capital. - $5.5M — Turtle
Liquidity layer for Web3 ecosystems. Cumulative funding now $11.7M. - $5M — TBook
StableFi infrastructure project funded by Sui Foundation, KuCoin Ventures, and HT Capital. - $5M — Open Campus
Web3 education platform backed by Animoca Brands, HongShan, and Caladan. - $4.5M — Tesser
Stablecoin payment stack funded by Castle Island Ventures and Anthemis. - $2M — Printr
Chain-agnostic launchpad backed by Bybit Venture Studio and Mirana Ventures. - $2M — Technotainment
Building a Streaming 2.0 economy. Entirely community-backed pre-seed round. - $1.2M — ONE
Argentine fintech enabling crypto payments for global merchants. - $1.1M — Aureo
Latin American crypto-finance platform rebranded from Swapido. - $1M — Entry
Institutional-grade blockchain compliance network. - $500K — bitsCrunch
Cross-chain data analytics API funded by FD LABS.
Strategic & Unspecified Investments
Tether announced a new investment in African fintech Kotani Pay, a platform bridging fiat and Web3 payments — part of its broader strategy to expand digital infrastructure across emerging markets.
APRO, a decentralized oracle network, secured strategic backing from YZi Labs, WAGMI Ventures, and Gate Ventures, focusing on DeFi data reliability.
Token Sales: $27M Across Multiple Launches
- $17.7M — Lit Protocol raised funds in a pre-TGE round led by RRE, Collab Currency, and Protocol Labs.
- $9.9M — dm.fun (Solana) combined chat, memes, and crypto trading in its public sale.
- $2.5M — AI Security Protocol (Solana) concluded its public sale on October 23.
- $1.75M — Rayls completed a token sale on Republic, targeting on-chain financial infrastructure.
Corporate Placements & Treasury Initiatives
- $110M — Greenlane Holdings announced a private placement (PIPE) to establish a Berachain (BERA)-based treasury.
- $3.45M — afinyo (Germany) raised capital from UTXO Management to purchase Bitcoin and become the country’s first Bitcoin treasury firm.
Mergers & Acquisitions: Coinbase Dominates the Headlines
- Coinbase acquires Echo for $375M, integrating its on-chain investment infrastructure.
- Pier Two acquires validator Blockport (Solana).
- FalconX plans to buy 21Shares, expanding into derivatives and structured crypto products.
- Modern Treasury acquires beam, integrating its payment infrastructure.
- Fireblocks buys Dynamic, adding wallet SDK tools to its enterprise stack.
- Clanker joins the Farcaster ecosystem.
- Ava Labs acquires Stable Finance, bringing its team into the Avalanche organization.
Investor Activity & Sector Highlights
Top investors this week: Flowdesk, YZi Labs, Animoca Brands, UOB Ventures, and FalconX.
Funding remained strong across blockchain infrastructure, DeFi, CeFi, and AI-driven solutions — signaling steady market interest despite broader volatility.
💡 Incrypted’s Take:
While total deal volume dropped compared to last week’s $2.2 billion, the surge in strategic M&A — particularly Coinbase’s $375M move — suggests that consolidation and infrastructure building remain the core trends shaping crypto’s next cycle.
