SevenX Ventures · 152

Yield stablecoin protocol Unitas completes $13.33 million seed round, Amber Group and others participate

Comparatively, according to official sources, yield-based stablecoin agreement Unitas completed a $13.33 million seed round, with the participation of Amber Group, Blockchain Builders Fund, Taisu Ventures, Bixin Ventures, and SevenX Ventures. It is reported that the new funds will be used to expand strategic development, strengthen infrastructure and risk systems, support the entry of compliant institutions, and promote the integration of the DeFi ecosystem.

163d ago

RWA project TBook announced a cumulative total of over $10 million in financing

Comparatively, according to market news, the embedded RWA liquidity layer TBook announced the completion of a new round of financing led by SevenX Ventures, with a valuation of over $100 million. This round of financing also attracted the participation of Mask Network, well-known family offices, and existing investors, bringing TBook's cumulative funding amount to more than $10 million. After the latest round of funding, TBook's investors include SevenX Ventures, Sui Foundation, KuCoin Ventures, Mask Network, HT Capital, VistaLabs, Blofin, Bonfire Union, LYVC, GoPlus, etc. The agreement is scheduled to conduct a token generation activity (TGE) in the first quarter of 2026. TBook is building an embedded RWA liquidity layer that intelligently connects asset issuers and eligible users through on-chain reputation infrastructure. TBook's infrastructure is built on a proprietary three-tier architecture: an identity layer (incentive passport and vSBT), an intelligence layer (WISE credit score), and a settlement layer (TBook vault).

225d ago

Magma Finance raised $6 million, with SevenX Ventures and others participating

According to official sources, Magma Finance has raised $6 million, with HashKey Capital, SNZ Holding, SevenX Ventures, Puzzle Ventures, and Topspin Ventures participating in this round. The capital raised will be used to build the most adaptable liquidity engine on the Sui network.

257d ago

MegaETH public sale = chance to collect money? V God is already on the bus

MegaETH, the “real-time Ethereum-compatible chain,” will launch a public sale on October 27 — this is the third round of funding for the project open to the community. In the previous two rounds, the Echo community round entered the market at the same price as top venture capitalists including Dragonfly and Vitalik Buterin, and the Fluffle NFT round reached a fully diluted valuation of $532 million. Currently, this project, which is regarded as a “Layer 2 upstart” by the industry, is about to enter the most critical public sale moment. On the Hyperliquid pre-market, the implied valuation of $MEGA has been speculated to $5 billion, and Polymarket's forecast shows that the chances of breaking through the $2 billion valuation after listing are as high as 89%. From VC fundraising to community buzz, why is MegaETH favored? Will this high-profile public sale become a new tipping point for the Layer 2 circuit? According to information released by the project party, the distribution amount for this public round is 5%, or 500 million of the 10 billion MEGA tokens. Investors are required to participate using USDT on the Ethereum mainnet. The auction is in the form of a British auction, with bids ranging from $2,650 to $186,282. US investors are required to lock up their positions for one year and enjoy a 10% discount. Non-US investors can choose whether to lock up their positions. Notably, prior to the public sale, MegaEth had repurchased approximately 4.75% of the shares and token-related warrants from early pre-seed investors. This move was interpreted as a sign that it wanted to further optimize the equity and token structure and strengthen the community share. Building a “real-time Ethereum” MegaETH was initiated by the MegaLabs team in 2023. The core vision is to enable blockchain interaction to reach the speed of Internet applications. The project claims that its block confirmation time can be as low as 10 ms, the theoretical throughput exceeds 100,000 transactions per second (TPS), and maintains full compatibility with the Ethereum Virtual Machine (EVM). This level of performance far exceeds current mainstream Layer 2 solutions. Although Arbitrum, Optimism, etc. have improved the efficiency of parallel execution and rollup, there are still seconds of delays. MegaEth is trying to achieve “sub-second settlement” by redesigning the execution layer architecture, so that DeFi, games, AI agents, social applications, etc. can achieve a true real-time experience. In terms of architecture, MegaEth uses a “modular node” design, which splits block sequencing, state calculation, and verification tasks into different roles: Sequencer is responsible for sequencing execution, Prover generates zero-knowledge proofs, and Replica Node is responsible for state replication. This “dedicated division of labor” is seen as the key to breaking through performance bottlenecks. Meanwhile, MegaETH plans to connect with EigenLayer's data availability layer (eiGenda) to further enhance system scalability. The core idea of MegaEth is to exchange performance for the expansion of trust boundaries, by sacrificing partial decentralization in the early stages in exchange for real-time transactions and qualitative changes in the user experience. As the team wrote in their technical white paper, “For blockchain to become a true internet infrastructure, it must have Web2 speed.” Team and Funding MegaETH's team members come from the core development circle of the Ethereum community and traditional high-performance systems engineering backgrounds. CEO Yilong Li, CTO Lei Yang, and COO Shuyao Kong are all active members of the early Ethereum and StarkWare communities. At the financing level, the project completed a seed round of approximately $20 million in June 2024, led by Dragonfly and supported by Vitalik Buterin. In December of the same year, another round of funding of about $10 million was raised through the Fluffle NFT community. Its ecosystem program “MegaMafia 10× Builders Program” has attracted more than ten projects, including DeFi, AI, social networking, and on-chain gaming. According to RootData, MegaETH's cumulative financing amount is over $30 million. In addition to Dragonfly, its main investors include QCP Ca...

302d agoWendy#MEGA #MegaEth #token #Public sale

Crypto VCs are facing an existential crisis. What kind of reshuffle will the industry face?

Article: Ada, Shenchao TechFlow Original title: Coin Circle VC is almost over In April 2025, ABCDE, a well-known crypto VC founded by Du Jun, announced the cessation of investment in new projects and the second phase of fund-raising. This once active investment agency has shifted its focus to post-investment management and exit arrangements for projects it has already invested in, which is a microcosm of the current state of crypto VC. In 2024, we reported on a “wave of rights protection” for crypto VCs. At the time, a group of senior partners dropped out of the “VC” aura and turned to the project party or secondary market just because of the saying: “Being a VC doesn't make money.” A year has passed, and the bull market has actually arrived. Bitcoin continues to stand steady at $100,000, Ethereum returns to $4,000, and the secondary market is getting rich from time to time. However, when the lens turned to the primary market, crypto VCs had a harder time than the previous round. I didn't make any money; instead, I went back on the scolding. They are being suppressed by exchanges, market makers, and project parties in the ecological chain; their investment logic was completely shattered after the narrative collapsed; they were unable to raise money, and they were also questioned that “they are not as effective as KOL.” Cryptographic VC, where to go? What about crypto VC? In the last cycle, crypto VCs were used to betting fast. They are chasing a narrative outlet and are willing to spend money on projects that don't have a product or even a full team. As long as the story is enticing enough, they can let the LP and secondary markets pay for it. It was an age where “storytelling is more important than making products”, but in 2024-2025, this logic suddenly failed. So, how are the once-active Asian crypto VCs now? According to data from RootData, compared to 2024, the number of Asian crypto VC launches in the primary market from 2025 to now has shown a cliff-style decline. As an example, SevenX Ventures' last public investment was made in December 2024. Foresight Ventures' number of investments plummeted from 54 to 5, and HashKey Capital also dropped from 51 to 18. In 2024, OKX Ventures topped the list with 72 runs, but this number has been drastically reduced to 12 in 2025. According to Jack, a crypto VC partner, observed that crypto VCs are currently seriously divided. Small to medium sized VCs are particularly difficult, and many have been forced to transform. He gave his own observations: from 2023 to 2025, about 5-7% of crypto VCs switched to marketing/KOL agency business; about 8-10% of crypto VCs switched to incubation/post-investment driven institutions, and the size of post-investment teams expanded by 30-50%; more institutions responded by shifting to the secondary market, or extending the fund cycle, reducing management costs, and even pursuing compliance exit paths such as ETF/DAT/PIPE. In other words: VC became a service provider, or simply became a “big player among chives.” Mark, a former crypto VC investor, put it bluntly: “An institution that only invests at the first level now is almost tantamount to suicide.” LD Capital transformed into a secondary market, and the founder, Yi Lihua, became the “king chess player” of ETH, and still has a strong presence. Additionally, some crypto VCs are being “forced” into investing in AI. As early as March, IOSG founding partner Jocy posted on social media that another project in his portfolio was being transformed into AI. As more and more crypto investors discover that they have inexplicably more AI entrepreneurs in their portfolios, they are also forced to vote with their feet. For example, Bixin Ventures drastically reduced its investment in the crypto industry and chose to invest in emerging companies in the AI field, such as Intelligen AI, to focus on the AI healthcare circuit. The transformation was also considered a positive form of self-help, and other institutions directly announced that they would stop investing. ABCDE, a well-known crypto VC founded by Du Jun, announced in April 2025 that it would stop investing in new projects and phase II fundraising, and will focus on post-investment management and exit arrangements for already invested projects. “ABCED is more honest and publicly says they won't do it, but there are more crypto VCs that are secret and don't feel sad”, interviewed about the VC industry...

310d agoburnking

Why did Cloudflare launch its exclusive stablecoin, NET Dollar?

Article | Sleepy.txt Editor | Kaori Original title: The internet service you use every day. You've just launched your own stablecoin, and you probably haven't heard of Cloudflare, but as long as you're online, it's almost impossible to avoid its service. This company is an “invisible giant” in the Internet world. Whether you order takeout, subscribe to a short video, open an email, or log in to the company system, there is a high probability that you will go through its network. It's like a giant digital shield and accelerator, providing security and content distribution services for nearly one-fifth of the world's websites. The pages you visit open in seconds, and when your favorite apps are resistant to hacking, Cloudflare is often behind it. It is the veritable “water, electricity, and coal” of the Internet. It is the underlying infrastructure that supports the efficient and safe circulation of global data. On September 25, Cloudflare made an iconic strategic decision to extend its infrastructure to a new dimension and announced that it would launch its own stablecoin, NET Dollar. Why issue your own stablecoin? Cloudflare CEO Matthew Prince answered, “For decades, the internet's business model was built on advertising platforms and bank transfers. The next era of the internet will be driven by pay-per-view payments, fractional payments, and microtransactions.” With annual revenue of more than $1.6 billion and processing trillions of requests every day, Cloudflare is the basic water, electricity, and coal of the internet. However, in this huge digital network, payment is the only link that is not under its control. This sense of loss of control is plaguing more and more large businesses. Every year, Apple has to settle tens of billions of dollars for App Store developers, Amazon has to handle massive capital flows from third party sellers, and Tesla has to maintain payment transactions with more than 3,000 suppliers around the world. All of these giants are facing the same friction. Settlement cycles are long, processing fees are high, cross-border compliance is complicated, and more importantly, they have lost initiative in the core closed loop. As businesses become more digital and automated, this lagging financial infrastructure becomes a bottleneck. As a result, large enterprises chose to respond in a more direct way. If they can't change the old system, then build a new one themselves. Why do big manufacturers need their own stablecoin. The emergence of NET Dollar makes people rethink the motivation for stablecoin issuance. Unlike products such as USDT and USDC, which pursue universal circulation, Cloudflare's starting point is more pragmatic; it wants to solve payment problems in its own business ecosystem first. The difference behind this is not a small one. USDT and USDC initially targeted the entire crypto market and relied on widespread acceptance to accumulate scale; NET Dollar now seems more like an “internal currency”, tailored to Cloudflare's commercial network. Of course, the border isn't fixed. PayPal's PYUSD is a typical example. When it was first launched in 2023, it only served PayPal's own payment system, but now it supports hundreds of cryptocurrency exchanges, far beyond its initial scope. The same is likely to be true for corporate stablecoins, which have an opportunity to move from internal efficiency tools to broader circulation scenarios. The key difference is motivation. Traditional stablecoin issuers mainly make money by investing in reserves, while enterprises issue stablecoins to optimize processes and seize initiative. This different starting point will determine their differences in design, application, and future path. For large manufacturers, payment has always been the “last mile” of a closed commercial loop, but this path is in the hands of banks and payment institutions, and there are problems mentioned at the beginning of the article. As a result, internalizing payments into their own system and using stablecoins to rebuild a controlled closed loop has become a strategic choice for big manufacturers. The real value of corporate stablecoins is that they don't have to pursue inflated narratives, but rather can cut into pain points in the process like a scalpel, greatly improving efficiency. In supply chain finance, this value is easier to see. International supply chain finance itself is a frictionless system. A payment from the US to Vietnam spans multiple time zones, multiple currencies, and several banks. According to the World Bank, the average global remittance cost is still above 6%. Average transaction cost of remittance to a specific country/region (%) | Source: WORLD BANK GROUP and corporate stablecoins can make this process...

330d agoburnking#Cloudflare #stablecoins

Stablecoin banking platform Limited closes $7 million seed round led by North Island Ventures

Comparing news, Limited, a next-generation fintech company providing self-hosted stablecoin banking services, announced the completion of a $7 million seed round. The funding round was led by North Island Ventures, with SevenX Ventures, Third Prime, Arche Capital, and Collab+Currency participating. Limited has built a comprehensive payment platform that combines the security of self-hosted stablecoins with the convenience of high-end banking services. Currently, it covers 176 countries through iOS, Android and the web. Limited has structurally restructured the global banking business, allowing businesses and individuals to use global payment channels while fully controlling funds through self-hosted wallets and enjoying the exclusive benefits of high-end cards for traditional banking customers.

445d ago

ABCDE presses the pause button. What is the current state of survival of Chinese VCs?

Source: ChainCatcher Author: Nian Qing Recently, ABCDE Co-Founder Du Jun (Du Jun) officially published an article announcing that ABCDE Capital has stopped investing in new projects and suspended the second phase of the fund raising plan, and announced the launch of a new incubator product, Vernal. ABCDE has launched 19 times in the past year and isn't particularly conservative. Despite having plenty of ammunition, it still can't resist the current boring crypto market. After the FUD VC revolution began, Crypto VC began pressing the pause button under hell-level difficulty. Some chose not to take action and only keep core personnel to maintain post-investment services, and some VCs began to seek transformation to second-level investments, projects, incubators, and crypto marketing. Compared with European and American VCs in the same period, Asian VCs seem to be more conservative. ABCDE investment and research partner Lao Bai asked the question a month ago — why while we are “out of fire” in Asia, Europe and the US are still “firing”; why are they daring to pull the trigger in this valuation? In response to this, he speculates that the reasons may include different exit cycles, differences in investment decisions, and values, Asian VCs are more concerned about yield, and European and American peers are idealistic and long-term. Furthermore, according to investor data from the RootData platform, in terms of the number of launches in the past year, most VCs in Chinese-speaking regions have adopted a more conservative investment strategy, and the number of shots taken was less than 10. Of course, there are also leading venture capitals such as Animoca Brands, OKX Ventures, HashKey Capital, SNZ Holding, Waterdrip Capital, Mask Network, Nomad Capital, and NGC Ventures, which still maintain high-frequency transactions, and have launched more than 20 times in the past year. Although IOSG Ventures, Fenbushi Capital, SevenX Ventures, LongHash Ventures, PAKA, etc. have launched more than 10 times in the past year, the number of investments has decreased significantly compared to the previous year. This article sorts out the current situation of major Chinese-language VCs/VCs founded by Chinese people that have had few launches in the past year. (Note: The data in this article is based on publicly disclosed investments. It is not ruled out that there may be undisclosed internal operations or investments, which may differ from actual investment data.) Continue Captial, founded by Continue Captial Coin Circle OG Pima (Pima), has invested only 0 in the past year. The most recent investment was in March of last year, and participated in io.net's Series A financing. Pima is a senior investor in the cryptocurrency industry. He entered the digital currency field in 2013 and has invested in many well-known blockchain projects. Currently, both the two co-founders and Continue Captial are in a “lying flat” state, and neither the official blog nor Twitter are operating. The latest news about Continue Captial was in October of last year. Lin Xiahong, the co-founder of Continue Capital, is suspected of having stolen 35 million dollars. Lin Xiahong himself wrote on the X platform in response: “I accidentally revealed that I haven't left the ring; I passively made charity headlines.” LD CapitalLD Capital has made only 8 investments in the past year. The most recent investment was in September of last year, which is a significant reduction in the frequency of previous investments. LD Capital also has businesses such as secondary market investments and trading funds. Its funds include Beco Fund, FoF, hedge funds, and Meta Fund. In 2023, LD Capital also established Cycle Ventures, an early-stage investment fund focused on Infra, AI, and Dapps. In response to the VC dilemma, Lee Lihua, founder of LD Capital, said that the decline of Web3 investors was due to changes in hedging rules, low investment success rates, and “good projects, undervaluation, and large amounts” constituting a “triangular problem” that investors cannot balance. He also pointed out that in the end, many investors only get a quota of a few points, and may not only bear financial losses, but also face reputational risks. Bixin Ventures, founded by OG Starry Sky in the Chinese currency industry, has invested only 5 transactions in the past year. The most recent investment was in January of this year, compared to 202...

487d agoWendy#ABCDE #Animoca Brands #HashKey Capital #Lao Bai #Mask Network #NGC Ventures #Nomad Capital #OKX Ventures #SNZ Holding #VC #Waterdrip Capital #Du Jun #venture capital

Bitcoin repledge agreement PumpBTC launches airdrop inspection page

Comparatively, according to official sources, the Bitcoin repledge agreement PumpBTC has launched an airdrop inspection page. Users can submit a trading platform UID and address to receive tokens after TGE. Meanwhile, the project stated that Pump Points will continue to be used for future rewards. In October of last year, PumpBTC announced the completion of a $10 million seed round, led by SevenX Ventures and Mirana Ventures, with the participation of well-known institutions such as UTXO and Mantle Ecosystem Fund, and attracted many industry partners such as Quantstamp and Veda.

510d ago

Perena, the new project of the former head of the Solana Foundation's stablecoin, is suspected to be undergoing a new round of funding

On Twitter, Anna Yuan, founder of Perena and former head of the Solana Foundation's stablecoin business, wrote on X: “Thank you forever to the angels (investors) who funded Perena today. Starting fundraising on a day like this is only for people with a 'stable' mentality.” Earlier, Perena completed a pre-seed round of approximately $3 million in December, led by Borderless Capital, Binance Labs, Primitive Ventures, ANAGRAM, Maelstrom, Breed VC, Temporal, ABCDE Labs, SevenX Ventures, Pivot Global, Miton, Graph Ventures and other institutions participated in the investment.

543d ago