Crypto startups pull $1.15B across 140 deals in June 2025, up 9% from May count
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In June 2025, blockchain and Web3 startups collectively pulled in a generous total of $1.15 billion across 140 deals, a 3% uptick in capital raised and 9% improvement on deal count from May, according to data from Messari’s latest funding update on X. One name dominated headlines: Kalshi. The predictions market with Donald Trump Jr on its advisory board closed a $185 million funding round at a $2 billion valuation, backed by heavyweights Paradigm, Sequoia Capital, Multicoin Capital, Neo, Bond Capital, and Citadel Securities CEO, Peng Zhao. Blockchain and Web3 startups pulled in $1.15 billion across 140 deals in June 2025. Source: Messari Kalshi, which won a court case against the U.S. Commodity Futures Trading Commission (CFTC), lets traders bet on real-world events, everything from political elections to sports and the economy. With fresh capital now in hand, Kalshi plans to deepen integrations with mainstream brokers and roll out new contract types. Not far behind, Digital Asset secured $135 million in strategic funding aimed squarely at accelerating institutional adoption of its Canton Network. Already powering tokenized real-world assets like bonds and funds, Canton is Digital Asset’s interoperable blockchain protocol for enterprises. The new capital will fuel the onboarding of more financial firms and asset classes, driving broader industry use and cementing Canton’s role as a bridge between traditional finance and decentralized ledger technology. The round was led by DRW Venture Capital and Tradeweb Markets, among other investors. Token sale deals are making a comeback The frenzy isn’t limited to equity rounds. Token sales are back as well. World Liberty Finance, the outfit behind the USD1 dollar-pegged stablecoin, raised $100 million in a private token distribution. Eigen Labs, backed by a16z Crypto, pulled in $70 million to refine its zero-knowledge tooling for projects such as EigenLayer and EigenDA, underscoring the premium…
Filed under: News - @ July 1, 2025 10:31 pm