Hotcoin Investment and Financing Weekly Report (3.15–3.21) | 25 public events, financing data shows an uptick

From March 15 to March 21, a total of 25 investment and financing events occurred in the cryptocurrency market, including 7 in infrastructure, 6 in CeFi, 3 in DeFi, 3 in gaming, 2 in RWA, 1 in DAO, 1 in DePIN, 1 in prediction markets, and 1 in AI.

This week, 9 funding events exceeded $10 million, including:

• NinjaTrader, a futures trading platform, completed a $1.5 billion M&A financing round, with investment from Kraken.
• Walrus, a decentralized storage and data availability protocol, raised $140 million, backed by a16z, Electric Capital, and others.
• Expand Network, a blockchain API service gateway, secured tens of millions in M&A financing, with investment from Blockdaemon.
• Via Science, a Web3 data protection platform, closed a $28 million Series B round, with investors including Bosch Ventures, BMW i Ventures, and others.
• Crossmint, an NFT fiat on-ramp platform, raised $23.6 million, with backing from Ribbit Capital, Faction, and others.
• Utila, a self-custodial wallet platform and API provider, secured $18 million in Series A funding, with investors such as Nyca Partners, NFX, and others.
• Slingshot, a creative incubation DAO, raised $16 million, backed by Dragonfly, Animoca Brands, and others.
• Privy, a Web3 user onboarding platform, completed a $15 million funding round, with participation from Ribbit Capital, Paradigm, and others.
• Ephyra, a Web3 gaming platform, raised $10.5 million in Series A funding, with Becker Ventures as the lead investor.

This week, investment and financing activity in the crypto market remained stable compared to the previous week, with 7 events in infrastructure and 6 in CeFi. The largest deal of the week was completed by NinjaTrader, securing $1.5 billion in M&A financing.

The chart below ranks this week’s funding projects by total funding amount: