Acquisitions - Coinbase acquires crypto fundraising platform Echo for $375 million [1]

Core Insights - Coinbase has acquired Echo for approximately $375 million, a startup focused on onchain capital formation [1] - Echo has facilitated over $200 million in fundraising across around 300 deals since its inception [1] - The acquisition aims to create a "full-stack" solution for crypto fundraising, enhancing access to capital for startups and investment opportunities for investors [2] Group 1 - Echo will continue to operate as a standalone platform initially, with plans to integrate its public sale product, Sonar, into Coinbase [3] - Coinbase intends to expand Echo's infrastructure to support tokenized securities and real-world assets in the future [3] - The acquisition complements Coinbase's previous purchase of the token management platform LiquiFi, and part of the acquisition cost includes a $25 million investment in reviving Cobie's UpOnly podcast [4]

Crypto Fundraising Overview - The past week saw significant fundraising activity in the crypto space, indicating continued investor interest [1] - Top 10 crypto projects raised a total of $710.45 million [1] Key Investment Areas - Stablecoin L1 projects attracted substantial funding, with @tempo raising $500 million [1] - DePIN (Decentralized Physical Infrastructure Networks) projects are gaining traction, exemplified by @daylightenergy_ raising $75 million and @inference_net raising $11.8 million [1] - Solana-based projects, particularly those focused on LST (Liquid Staking Tokens) and MEV (Miner Extractable Value), are attracting investment, with @jito_sol securing $50 million [1] - CeDeFi (Centralized Decentralized Finance) solutions for cross-border payments are also of interest, as shown by @bpn_network's $50 million raise [1] - AI-related crypto projects, including AI agents and marketplaces, are receiving funding, with @4aibsc raising $6 million [1] Emerging Trends - The rise of crypto neobanks, such as @useTria ($12 million), suggests a growing demand for crypto-integrated financial services [1] - Staking-as-a-Service platforms, like @dsrvlabs ($9.55 million), are attracting investment, indicating the importance of staking infrastructure [1] - Non-USD stablecoins, such as @CrownBRLV ($8.1 million), are emerging, potentially catering to specific regional markets [1] - ZK (Zero-Knowledge) technology and data services are gaining attention, with @OrochiNetwork raising $8 million [1]

Crypto Fundraising Overview - Total capital raised in Q3 2025 increased 47% QoQ to $8.21 billion [1] - This reverses a two-year downtrend, marking the highest quarterly total since Q1 2023 [1] Deal Activity - Deal count decreased 16% to 480 [1] - M&A deals totaled 80, with the top 5 totaling $882 million [1] New Funds - New funds capital raised increased 48% QoQ to $2.28 billion [1]

Messari's Q3 State of Crypto Fundraising Enterprise report goes live tomorrow 👀Jake (@immutablejacob):The total capital raised by newly launched funds in Q3 2025 increased 48% QoQ to $2.31B.> @sora_ventures launched a $1B Bitcoin treasury fund> @50TFunds launched a $500M late-stage fund> @OndoFinance launched the $250M Ondo Catalyst fund@MessariCrypto's Q3 State of Crypto https://t.co/c1uxhYYyoh ...

🔥 BULLISH: Crypto fundraising hit $3.48B last week, the highest weekly total ever according to CryptoRank. https://t.co/aI7AuX92E7 ...

Fundraising Overview - Crypto 项目上周共筹集 3.12 亿美元 [1] - 共有 18 个项目完成了融资 [1] Top Fundraising Rounds - Flying Tulip 筹集了 2 亿美元，构建混合 AMM 和订单簿模型的全栈链上交易所 [1] - xMoney_com 筹集了 2150 万美元，是一家连接稳定币和全球商业的欧洲支付公司 [1] Key Participants - CoinFund_io, DWF Labs 和 Lemniscap 参与了 Flying Tulip 的融资 [1]

Crypto Fundraising Overview - Last week's top crypto fundraising saw significant investment in various sectors [1] - Centralized exchanges (CEX) led fundraising with $500 million [1] - Stablecoins and payment solutions attracted substantial funding, exemplified by Fnality's $136 million and RedotPay's $47 million [1] Infrastructure and On-Chain Solutions - Infrastructure and on-chain solutions providers like ZeroHash secured $104 million [1] - Companies focused on infrastructure and validator services, such as Raiku, raised $1125 million [1] Emerging Sectors - Decentralized exchanges (DEX), specifically perpetual DEX Bulktrade, garnered $8 million in funding [1] - Security-focused ventures like Cloudburst received $7 million [1] - Undercollateralized lending platforms, such as Divine Research, obtained $66 million [1] - Stablecoin issuance platforms like Bastion Platform secured $146 million [1]

Crypto Fundraising Overview - Last week's top crypto fundraisings totaled approximately $90.1 million [1] - Stablecoin and payment projects secured significant funding, with @kredete raising $22 million and Stablecore raising $20 million [1] Project Categories and Funding - Stablecoin and Banking: Stablecore raised $20 million [1] - Perpetual DEX: @grvt_io secured $19 million in funding [1] - RWA Layer 1: @MavrykNetwork raised $10 million [1] - DEX Aggregator: @Titan_Exchange received $7 million in funding [1] - DeSci: @BioProtocol obtained $6.9 million in funding [1] - On-Chain AI: @senpi_ai raised $4 million [1] - Interoperability and Infrastructure: @0xEpochProtocol secured $1.2 million [1]

Crypto Fundraising Overview - Last week, the top 7 crypto projects raised a total of $183 million [1] Funding Allocation by Category - Stablecoin projects (Raincards & m0) secured $98 million in funding [1] - Infrastructure projects (APR Labs & Hemi) received $35 million in funding [1] - Exchange platforms (OrangeXExchange) raised $20 million [1] - AI and Prediction Market projects (Everlyn AI & theclearingco) each secured $15 million in funding [1] Project Focus Areas - Raincards focuses on Stablecoin API & Crypto Card solutions [1] - m0 is developing a Stablecoin Issuance Platform [1] - APR Labs is working on Liquid Staking & DEX Aggregator technologies [1] - OrangeXExchange operates as a CEX (Centralized Exchange) [1] - Everlyn AI is focused on Video AI technology [1] - The Clearing Co is building a Prediction Market [1] - Hemi is developing a Layer 2 solution for BTCFi (Bitcoin Finance) [1]