According to Foresight News, from November 23, 2024 to November 29, 2024, there were 11 investment and financing events in the crypto market, including 2 in tools and infrastructure, 4 in DeFi, 3 in asset management, 0 in blockchain games and NFT, and 2 in Web3. The total amount of investment and financing disclosed is approximately US$157 million.
Summary of total disclosed financing amount and financing number at weekly level:
This week's investment and financing projects are sorted by financing amount as shown below:
This week, there were 4 financings of tens of millions of dollars, including the modular L1 network U2U Network, which completed a financing of 13.8 million US dollars; the cross-border payment and settlement blockchain company Partior completed an 80 million US dollars Series B financing, with Deutsche Bank participating in the investment; Kernel completed a total of 10 million US dollars in financing, with Binance Labs and others participating in the investment; Justin Sun invested 30 million US dollars in the Trump family encryption project WLFI.
In the subdivided investment and financing track, this week DeFi and asset management sectors are relatively hot, while the NFT and blockchain gaming sectors are relatively sluggish.
On the institutional side, active institutions this week include Binance Labs, Foresight Ventures, etc., mainly focusing on DeFi and asset management sectors.
Tools and infrastructure
Talus Network completes $6 million seed round financing
Talus Network is an AI blockchain platform.
U2U Network completes $13.8 million financing
U2U Network is a modular L1 network.
DeFi
Cryptocurrency yield protocol developer Avant completes $6.5 million seed round financing
Avant issues a stable value token called avUSD, which can earn savUSD (the yield version of avUSD) through staking. Avant Protocol is still in its early stages, operating in 'early access' mode, allowing only a select group of whitelisted addresses to mint and stake avUSD.
OpenTrade completes $4 million seed extension round financing
OpenTrade will build RWA-backed loan and stablecoin yield products, enabling fintech companies and exchanges to offer seamless integration and secure, fast stablecoin yield products to meet high demand levels.
Kernel has completed a total of $10 million in financing
Kernel includes three DeFi products: the cross-chain re-staking infrastructure Kernel on BNB Chain (mainnet launching soon), the liquidity re-staking protocol Kelp on Ethereum, and the RWA tokenized yield protocol Gain.
Vanilla Finance completes Pre-Seed round financing
Vanilla Finance is designed specifically for Telegram users, integrating play-to-earn mechanisms and trading mining to make cryptocurrency trading both convenient and fun. The platform offers simplified derivatives trading, real-time settlement, and leveraged financial products within Telegram, leveraging its large user base to promote the widespread adoption of Web3.
Asset management
Bleap completes $2.3 million Pre-Seed round financing
Bleap is a cryptocurrency card platform.
Partior completes $80 million Series B financing
Partior is a cross-border payment and settlement blockchain company.
Sun Yuchen invests $30 million in the Trump family cryptocurrency project WLFI
The cryptocurrency project World Liberty Financial (WLF) under the Trump family has lowered its financing target for the WLFI token from $300 million to $30 million due to the initial token sale falling short of expectations in early November.
Web3
Rarimo completes $2.5 million Vision round financing
Rarimo is a privacy-first social protocol.
BRKT completes $1.75 million seed round financing
BRKT is a prediction market.