This week's crypto market saw significant fundraising activity, with 20 projects collectively raising $202 million in funding. ARQ, a LATAM-based stablecoin financial app serving over 2 million customers, secured the largest deal of the week, raising $60 million in funding from investors including Sequoia Capital and Founders Fund.
Another notable deal was Crossover Markets' Series B funding round, which brought in $31 million at a valuation of $200 million. The electronic communication network aims to provide a platform for crypto trading.
The report also highlights the growing trend of digital asset treasuries, with Strategy and Bitmine leading the way. Strategy purchased over 3,000 BTC for around $204 million, bringing its total holdings to 720,737 BTC, while Bitmine acquired approximately 51,000 ETH for $98 million.
Additionally, Predict.fun acquired Probable, an onchain prediction platform incubated by PancakeSwap and YZi Labs, in a move that will strengthen the technology stack and expand its presence within the BNB Chain ecosystem. Bitcoin Depot also acquired Kutt, a P2P social betting platform, marking its entry into the social betting market.