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VC Monthly Report: March Total Funding Nearly Tripled Due to Large-Scale CeFi Fundraising

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Author | WuBlockchain According to RootData statistics, 74 publicly disclosed crypto VC investment projects were recorded in March 2025, marking a 28.8% decrease month-over-month (104 projects in February 2025) and a 61.3% decrease year-over-year (191 projects in March 2024). Note: Since not all fundraising rounds are announced within the same month, these figures may be updated in the future. Breakdown of Investment by Sector (March 2025): CeFi: 14.9% DeFi: 27% NFT/GameFi: 12.2% L1/L2: 8.1% RWA/DePIN: 14.9% Tool/Wallet: 6.8% AI: 14.9% March 2025 saw $2.883 billion in total funding, representing a 198.1% month-over-month increase (compared to $967 million in February 2025) and a 153.1% year-over-year increase (compared to $1.139 billion in March 2024). Among the top 10 largest funding rounds, 7 were centralized platforms (exchanges or payment platforms): Abu Dhabi MGX invested $2 billion in Binance on March 12, acquiring a minority stake. This transaction, the largest-ever crypto inves...

Hong Kong, Singapore attract increasing crypto VC funding

Over 11% of global VC funding in blockchain and crypto was funneled towards ventures based in Hong Kong and Singapore throughout 2023. The findings mark a significant rise from the mere 2% allocation in 2021.  That’s according to analysts at PitchBook who attributed this change to several factors, including the collapse of Sam Bankman-Fried’s FTX crypto exchange and the subsequent bankruptcy domino effect it created that compelled many U.S.-based crypto companies to reassess their strategies. According to the report, regulatory uncertainties and the effect of major crypto firms like Binance and Gemini falling foul of authorities have forced many companies to reduce the size and magnitude of their U.S. operations.  Some have even sought refuge in global crypto hubs overseas. The report quoted Bryan Chow, partner at web3 VC investor Side Door Ventures, who stated that many crypto companies had shifted their base of operations to Hong Kong to leverage its supportive governm...

DeSci-centered Community DAO funding research on cancer

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In a groundbreaking move, the VitaDAO community has rallied behind the cause of early-stage cancer research by establishing Matrix Biosciences, a cutting-edge biotech company. VitaDAO, a decentralized autonomous organization (DAO) focused on advancing early-stage longevity research , has championed the formation of Matrix Biosciences. This innovative company is dedicated to pioneering treatments for both cancer and age-related diseases. The inception of this venture traces back to discussions in November 2022, revolving around the use of high molecular weight hyaluronic acid (HMW-HA) for its anti- cancer and pro-longevity effects. The consensus on this transformative approach solidified in March 2023, with 35 members expressing their votes through VITA tokens. Among the voters, 30 members fervently supported the cause, four opted for abstention, while one member opposed the proposal. As an active participant in decentralized science (DeSci), VitaDAO made an initial investment of $...

CoinScan emerges from stealth with $6.3m in funding

The Shalom MecKenzie-backed digital asset analytics platform CoinScan aims to save crypto traders from millions in losses by providing free unbiased token data and scam prevention tools for investing in virtual currencies. CoinScan announced its stealth launch on Sept. 21 after securing $6.3 million in funding . The company plans to deploy this capital toward offering dependable real-time crypto analytics and blockchain data. According to a CoinScan statement, the idea is to become the homepage for the crypto industry. Eliran Ouzan, chief executive of CoinScan, said the platform targets new market entrants and seeks to equip traders with safety tools to mitigate crypto scammers. No one wants to spend all of their time researching and analyzing blockchain transactions and social media just to avoid getting scammed. The bar for crypto data was very low, so we built the platform that we wished we had. Eliran Ouzan, CoinScan CEO The announcement highlighted some Features users can...

Bitcoin futures open interest jumps by $1B: Manipulation or hedge?

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Bitcoin spiking above $27,200 amid a big jump in open interest has some analysts asking whether BTC price is being manipulated. Bitcoin's (BTC) open interest on derivatives exchanges experienced a sudden surge of $1 billion on Sep. 18, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binance's court filings. However, a closer look at derivatives metrics suggests a more nuanced picture, as the funding rate did not exhibit clear signs of excessive buying demand. The decision to unseal these documents was granted to the U.S. Securities and Exchange Commission (SEC), which had accused Binance of non-cooperation despite previously agreeing to a consent order related to unregistered securities operations and other allegations. BTC futures aggregate open interest, USD (green, left). Source: CoinGlass The open interest spiked to $12.1 billion while Bitcoin's price concurrently increased by 3.4%, the highest point in over two w...

Germany's blockchain funding increases 3% amid market downturn: Report

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Germany's blockchain sector saw a total of $355 million in venture capital funding across 34 deals, which is a 3% year-on-year increase. Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC).  Within CVVC's report titled "The German Blockchain Report 2023," the country's blockchain sector recorded a total of $355 million invested across 34 deals. This represents a 3% year-over-year (YoY) increase in funding for the Western European country, according to the CVVC. State of German venture capital funding in 2023. Source: CVVC Apart from this, the report highlighted that Germany also experienced its record share in global funding. The country reportedly attracted 2.4% of global blockchain funding and 2.5% of global deals. Compared to 2022's figures of 0.9% in global fun...

Solana Labs' ChatGPT plugin allows AI to fetch blockchain data

The plugin will allow the AI chatbot to check wallet balances, transfer tokens and purchase NFTs when OpenAI makes plugins more widely available. Solana (SOL) users will soon be able to interact with the network through an open-source plugin enabled on OpenAI’s artificial intelligence (AI) chatbot ChatGPT. The plugin will allow ChatGPT to check wallet balances, transfer Solana-native tokens and purchase nonfungible tokens (NFTs) when Open AI makes plugin s available, according to an April 25 tweet by Solana Labs, the development firm behind the Solana blockchain . Solana Labs is also encouraging developers to test out the open-source code to retrieve on-chain data that they may be interested in. (1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT. Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.c...