Hotcoin Investment and Financing Weekly Report (2.22–2.28) | 29 Public Events, Significant Growth in Financing Activity

From February 22 to February 28, the crypto market recorded 29 investment and financing events, including 9 in infrastructure, 6 in DeFi, 2 in CeFi, 2 in MEME, 1 in gaming, 1 in AI, 1 in IoT, 1 in on-chain compliance solutions, 1 in tools, 1 in e-commerce, 1 in creator economy, 1 in RWA, 1 in NFT, and 1 in DePIN.

This week, five funding rounds exceeded $10 million:

• Blockchain financial services company Figure completed a $200 million funding round, with investment from Sixth Street.
• Ethena, an ETH-based delta-neutral stablecoin protocol, secured $100 million in strategic funding, with investors including Franklin Templeton, F-Prime Capital, and others.
• Crypto asset management platform Bitwise raised $70 million, with investors including Electric Capital, Haun Ventures, and others.
• Gift card crypto platform Raise completed a $63 million strategic funding round, backed by Haun Ventures, GSR, and others.
• Zero-knowledge proof operating system Orochi Network raised $12 million, with investment from Biconomy, Kyros Ventures, and others.

Compared to the previous week, investment and financing activity surged significantly, with 9 deals in infrastructure and 6 in DeFi. The largest funding round of the week was secured by Figure, which raised $200 million.

This week’s financing projects are ranked by amount in the chart below: