Overview of Global Blockchain Financing Last Week

Last week (6.30-7.6), there were a total of 15 investment and financing events in the global Blockchain sector, with a total funding amount exceeding $224 million. In addition, the total amount of financing for listed companies' crypto asset reserves exceeded $140 million. The main investment and financing situations are as follows:

• 2 incidents in the DeFi sector: The Islamic DeFi project inshAllah Finance has completed a $2.1 million seed round financing, led by Alliance DAO.

• 2 events in the Web3 gaming sector: Game studio Distinct Possibility Studios completes $30.5 million financing, led by Bitkraft Ventures and Brevan Howard Digital.

• 3 events in the AI+Web3 field: Zypher Network completed $7 million in financing, co-led by UOB Venture and Signum Capital.

• In the infrastructure and tools sector, three instances: the data sovereignty Web3 cloud platform Impossible Cloud Network completed approximately $33.91 million in financing.

• Other application areas: A certain blockchain-based prediction market platform completed a strategic financing of 4 million USD.

• Centralized Finance Sector: Japanese crypto exchange operator BACKSEAT has completed approximately $9.69 million in funding.

DeFi

inshAllah Finance has completed a $2.1 million seed round of financing, led by Alliance DAO. The project aims to combine Islamic finance with DeFi through the Solana network, providing compliant financial services for the global Muslim community of 2 billion. Its latest launched products include the Sharia-compliant yield-bearing stablecoin iAUSD and the interest-free, low liquidation penalty lending protocol iABorrow.

The decentralized stablecoin infrastructure project Perena has completed a new round of financing, attracting over 350 supporters, including institutions like Susquehanna.

Web3 Games

Distinct Possibility Studios completed $30.5 million in financing, led by Bitkraft Ventures and Brevan Howard Digital. The studio was founded by EverQuest co-creator John Smedley and will be used to develop and publish the AAA shooter game "Reaper Actual." The game is planned to launch on Steam and the Epic Games Store, and has chosen the EVM-compatible Layer 2 network Etherlink built on Tezos as its blockchain.

Swedish game studio Cold River Games has completed a $2 million financing round, led by Beam Investments. The funds will be used to develop their free ARPG game "Crystalfall," which is expected to launch on Steam in 2025, featuring a steampunk style and focusing on item growth and skill theory construction.

AI+Web3

Zypher Network has completed a $7 million financing round, led by UOB Venture and Signum Capital. The project provides decentralized trust infrastructure for autonomous AI agents, which will accelerate the development of its zero-knowledge protocol stack and AI-specific Rollup infrastructure.

AI-driven superstructure network Datagram has completed a $4 million Pre-Seed funding round, led by Blizzard the Avalanche Fund. The funds will be used to build a sovereign Layer1 Blockchain on Avalanche and accelerate the deployment of the node network. The Datagram network builds decentralized infrastructure by integrating idle computing resources and currently serves 200 enterprises and 1 million users globally.

The Dubai-based AI and Web3 startup validation platform Idea-L has completed a $1 million Pre-Seed funding round, with several angel investors participating. The new funds will support the launch of its DAO-managed venture capital fund deVC Fund and plans to introduce a governance token.

Infrastructure and Tools

The data sovereignty Web3 cloud platform Impossible Cloud Network, headquartered in Zug, Switzerland, has completed a financing of approximately $33.91 million, raising its post-investment valuation to over €398 million. NGP Capital led the investment, with participation from 1kx, Protocol Labs, No Limit Holdings, and HV Capital. The native token of ICN, $ICNT, has also officially launched.

A certain Telegram ecosystem development platform has completed a Series A financing of 28.5 million USD, with a post-investment valuation of 1 billion USD. Ribbit Capital led the investment, with participation from Pantera Capital. This platform is the core developer of Telegram's official blockchain, The Open Network, and its "Telegram Wallet" has been opened to users in regions such as Russia and Asia. The new funds will be used to expand into the compliant markets of Europe and America, and to incubate blockchain games and AI applications based on TON.

The fintech company AllScale has completed a $1.5 million financing round, with investments from DraperDragon and a certain trading platform. The funds will be used to develop stablecoin invoices, social e-commerce, and payroll solutions. AllScale is committed to providing small and medium-sized enterprises with a one-stop stablecoin payment tool, which supports global fast payments, sales, and payroll management.

Other Applications

A prediction market platform on a certain blockchain has completed a strategic financing of $4 million, with Arthur Hayes joining as an advisor. This platform is the largest prediction market on this blockchain, with unique contracts that have a betting volume exceeding $250 million, allowing users to bet on the performance of assets in the next few minutes, hour, or day.

The Japanese content tokenization platform Questry has raised approximately $1.8 million in the first half of its Pre-A round financing, with participation from the Brand New Retail Initiative Fund and others. The funds will be used to strengthen the content business and digital finance operations, including exploring the application of Blockchain technology in cross-border investment.

A Bitcoin venture studio announced the acquisition of the Bitcoin rebate platform Lolli, with transaction details undisclosed. Founded in 2018, Lolli allows users to earn Bitcoin rewards by shopping through 50,000 retailers or playing thousands of mobile games. This acquisition will integrate Lolli into the studio's ecosystem, creating synergy with its Bitcoin financial platform and cross-chain protocols.

The UK cloud mining platform TWL Miner has completed a $95 million Series B financing, which will be used to support the integration of artificial intelligence technology with cloud mining operations. The funds will be used to strengthen the construction of a global renewable energy data center network and to develop an artificial intelligence mining system. TWL Miner currently operates more than 60 data centers powered by wind and solar energy in multiple countries, serving over 7 million users in 180 countries and regions.

Centralized Finance

The Japanese cryptocurrency exchange operator BACKSEAT has completed approximately $9.69 million in financing. This round of financing was led by Spiral Capital and Headline Asia, with participation from East Ventures. The funds will be used for product development, talent recruitment, and strengthening organizational structure. BACKSEAT acquired 100% of the shares of the Japanese cryptocurrency exchange "coinbook" in February 2025 and established a wholly-owned subsidiary "BACKSEAT Exchange".

Australian crypto exchange Coinstash has completed approximately $3.08 million in Series A funding, bringing its total funding to over 8 million AUD. This round of financing was led by a family office in Brisbane and will be used for platform development, team expansion, and user acquisition, with a goal of attracting 100,000 Australian investors. Coinstash was founded in 2017 and currently serves over 50,000 users, offering trading services for Bitcoin, Ethereum, and more than 1,000 cryptocurrencies.