The third week of March 2025 marked a major resurgence in crypto venture capital activity, led by Kraken’s $1.5 billion acquisition of NinjaTrader and MoonPay securing a $200 million credit line. According to data from Crypto Fundraising, the week’s total funding topped $2 billion, with investors focusing heavily on trading infrastructure, DeFi tools, and payment solutions.
Kraken Acquires NinjaTrader for $1.5 Billion
Crypto exchange giant Kraken completed its acquisition of NinjaTrader, a trading and analytics platform, for $1.5 billion. The deal is expected to significantly enhance Kraken’s trading infrastructure and data analytics capabilities. The acquisition aligns with Kraken’s strategy to build robust trading tools and expand its footprint in the professional trader ecosystem.
MoonPay Lands $200M Credit Line
Crypto payment infrastructure firm MoonPay secured a $200 million revolving credit line from Galaxy, a leading crypto-focused financial services provider. The funds will help MoonPay expand its payment solutions and accelerate user access to digital assets. MoonPay has now raised over $1.16 billion in total funding to date.
Walrus Raises $140M for Storage Solutions
Walrus, a decentralized storage protocol on the Sui blockchain, closed a $140 million funding round, supported by major crypto VCs like Standard Crypto, a16z crypto, and Electric Capital. With a fully diluted valuation (FDV) of $2 billion, Walrus aims to revolutionize decentralized data storage.
Other Notable Rounds
- VIA: Raised $28 million in Series B from Bosch Ventures, BMW i Ventures, and MassMutual Ventures to develop secure connectivity tools.
- Crossmint: Secured $23.6 million in Series A funding to expand its NFT and Web3 payment infrastructure.
- Halliday: Announced a $20 million Series A round led by a16z crypto, focusing on simplifying gaming payments and workflows.
- Utila: Raised $18 million for its multichain security wallet.
- SlingShot DAO: Secured $16 million for its decentralized governance platform.
- Privy: Raised $15 million to build privacy-focused Web3 tools, backed by Sequoia, Paradigm, and Ribbit Capital.
Early-Stage Highlights (< $10M)
A flurry of smaller investments also made headlines:
- Ephyra: $10.5M for AI-enhanced P2E gaming
- Yeet: $7.75M for Web3 gaming on Berachain
- Pluralis Research: $7.6M for AI infrastructure
- Uranium Digital: $6.1M to tokenize real-world assets on Solana
- ABEX, Soluna, Hibachi, and Stable Sea: Raised between $3M–$6M each for diverse DeFi and stablecoin initiatives
This sharp uptick in funding activity signals renewed confidence in the crypto sector, with investors betting on infrastructure, privacy, and real-world applications as the next wave of blockchain innovation.
