Crypto funding in 2025 led by $10.3B Dunamu mega-deal
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The year 2025 witnessed billions of dollars in major crypto funding across top deals, with Naver Financial’s acquisition of Dunamu for $10.3 billion leading the list. Summary Crypto funding in 2025 was led by massive M&A deals worth billions. Naver Financial’s $10.3B acquisition of Dunamu was the year’s biggest deal. Exchanges and trading platforms dominated the largest crypto transactions. M&A activity dominated the largest transactions throughout 2025. Exchanges, derivatives platforms, and infrastructure providers led multi-billion dollar valuations. Here’s a breakdown of this week’s crypto funding activity as per Cryptofundraising data: Dunamu Dunamu acquired for $10.30 billion through M&A in November 2025 Acquired by Naver Financial Largest crypto deal of 2025 DigitalBridge Acquired for $4 billion through M&A in December 2025 Acquired by SoftBank Deribit Deribit was acquired for $2.90 billion through M&A in May 2025 Acquired by Coinbase Binance Raised $2 billion in an unknown round in March 2025 Investment was backed by MSX Polymarket Raised $2 billion in an unknown round in October 2025 Fully diluted valuation of $9 billion Backed by ICE NinjaTrader Acquired for $1.50 billion through M&A in March 2025 NinjaTrader was acquired by Kraken Hidden Road Hidden Road was acquired for $1.25 billion through M&A in April 2025 Acquired by Ripple Circle Raised $1.10 billion through IPO in June 2025 Bullish Raised $1.10 billion through public sale in August 2025 Fully diluted valuation of $5.41 billion Kalshi Raised $1 billion in an unknown round in November 2025 Fully diluted valuation of $11 billion Backed by Sequoia, CapitalG, and AI6Z Funding under $1 billion Mara Holdings, $950 million in an unknown round (July 2025) Figure, $787.50 million through IPO (September 2025) Verb Technology (TON Strategy Co.), $558 million in an unknown round (August 2025) PumpFun, $500 million in a public sale with $4 billion FDV (July…
Filed under: News - @ January 3, 2026 3:30 pm