Crypto Sector Thrives: $202M Raised, Key Mergers, and Bullish Ethereum Predictions Highlight Week
July 18, 2025
The Crypto Venture Weekly report for July 14-18, 2025, highlights a busy week with 19 projects raising a total of $202 million, alongside five mergers and acquisitions, signaling active market dynamics.
Funding rounds were led by KUN with a $50 million Series A, followed by Spiko with $22 million, and XMTP with $20 million, reflecting investor confidence.
Tom Dunleavy publicly predicted that Ethereum could reach $10,000 by the end of 2026, demonstrating bullish sentiment about its future valuation.
This period saw no new funds launched, but the volume of deals and acquisitions underscores a vibrant and consolidating cryptocurrency sector.
Industry experts like Hiroki Kotabe and Pranav Garimidi shared insights on Ethereum's future, including advancements in rollup technology and the challenges encrypted mempools face with MEV solutions.
Sonnet BioTherapeutics merged with Rorschach I LLC to form a new entity focused on managing HYPE tokens, backed by $305 million in cash and 12.6 million HYPE tokens, aiming to launch soon.
Major acquisitions included Talos's $100 million purchase of Coin Metrics, Ondo Finance acquiring Strangelove, and dYdX acquiring Pocket Protector, all intended to strengthen infrastructure and product offerings.
Investors involved in these projects include prominent venture capital firms such as a16z crypto, Index Ventures, and GSR Ventures, among others.
Summary based on 1 source
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Messari • Jul 18, 2025
Crypto Venture Weekly: July 14-18, 2025