according to The Information, Kraken is raising funds with a valuation of $20 billion, higher than the $15 billion in August, and is expected to go public next year. This valuation will put its price-to-earnings ratio on par with its larger listed competitor Coinbase.

Web3 game platform KapKap has announced the completion of a $10 million seed round of financing, with Animoca Brands leading the investment, and Shima Capital, Mechanism Capital, Klaytn Foundation, and Big Brain Holdings participating. The company uses an attention pricing system to quantify user activity, creativity, and reputation as attention-based assets. The new funds will support its expansion into blockchain games and strategic partnerships with BAYC, ApeCoin DAO, and other crypto communities.

On October 24, 2025, PunkCode, a company focused on IP-driven collectible culture, XR immersive experiences, and digital asset operations, announced the completion of a new funding round led by Meridian Capital. The investment, structured in USD-denominated capital, totals several tens of millions of RMB.

According to the company, the new funds will be primarily used to:

Expand and scale its original IP content ecosystem;

Upgrade its XR spatial computing and interactive experience technology stack;

Accelerate international channel development and brand deployment.

PunkCode emphasized that this round of financing not only lays the foundation for its upcoming overseas listing framework, but also significantly advances the global replication of its flagship international product line, PunkVerse.

This strategic investment is a strong signal that the market is recognizing and validating the innovative commercial model represented by PunkVerse—an integrated system combining collectible IP, immersive experience, and assetization on a global scale.

Canadian stablecoin company Loon has completed a CAD 3 million (approximately USD 2.15 million) seed round financing, led by Version One Ventures, with participation from Garage Capital and a group of Canadian angel investors. It is reported that the company plans to launch a stablecoin based on the Canadian dollar to reduce reliance on USD stablecoins.

Pave Bank raised $39 million in Series A financing, led by Accel with follow-on investments from Tether Investments, Wintermute, and others. Pave Bank is a commercial bank aimed at serving customers with both fiat and digital asset needs. The bank is licensed in Georgia and stated that it will use this funding to "expand regulatory scope, accelerate product development, continue building institutional-grade infrastructure, and expand its customer base in global markets".

 AI Web3 startup Bluwhale announced the completion of a $10 million Series A financing round, led by UOB Venture Management. Many existing investors participated in this round of financing, with new supporters including PAID Network, Sublime Ventures, High Cosmos Capital, CMY Ventures, DataSpike, NewHeritage, and Amazon AI executives.

according to Axios, Cybrid, which provides stablecoin and fiat payment infrastructure, has completed a $10 million Series A financing.

 Swiss international investment company Vontobel Holding has increased its stake in Strategy $MSTR to $5 million.

market prediction platform Limitless announced the completion of a $10 million seed round financing, led by 1confirmation, with participation from Collider Ventures, DCG, Node Capital, Arrington Capital, Coinbase Ventures, F-Prime, Flyer One Ventures, and SID Venture Partners.

On October 17th, Singaporean cryptocurrency hardware wallet manufacturer Ryder completed a $3.2 million seed round of financing, led by Tim Draper, founder of Draper Associates. Other participating investors include venture capital firms Borderless, Semantic, Smape, VeryEarly, as well as angel investors Anatoly Yakovenko, co-founder of Solana, and Joe McCann, CEO of Asymmetric.

Ryder will use this funding to increase production, expand marketing and engineering teams, and develop its Ryder One wallet product. Ryder One is equipped with a recovery system called TapSafe, which restores wallet access through mobile devices and NFC tags. The company claims that this method does not require traditional mnemonic phrases, which is a common method for recovering cryptocurrency wallets.