Venture Capital Investments in Cryptocurrency: $550 million Convertible Offer from IREN, $40 million Funding Round for Hypernative
Crypto Cash Flow Spikes to a Staggering $709M in June 2025
The cryptocurrency world is buzzing, with investors pouring in a whopping $709 million in just one week (June 8-14, 2025). The star of the show is IREN, formerly known as Iris Energy, who raked in a jaw-dropping $550 million from a private placement of convertible senior notes, marking a massive milestone for them.
Venture capital activities remain lively across the crypto sector, with a focus on infrastructure. Startups like Hypernative, Yupp, Turnkey, and OneBalance are among the recipients of substantial investments, testifying to the investor's unwavering trust in crypto infrastructure and application-layer innovation. Despite the broader market's volatility, these startups are thriving, proving the resilience of the crypto market.
Here's our breakdown of the hot funding rounds, using data from Cryptofundraising:
IREN (ex Iris Energy)
- Bonged $550 million through private placement of convertible senior notes
- Already raised a massive $863 million so far
Hypernative
- Clinched $40 million in Series B funding
- Backed by big names like TenEleven, Ballistic Ventures, and Stepstone
- Secured a total of $65 million till date
Yupp
- Raised $33 million in a Seed round
- Attracted investors such as a16z crypto, Coinbase Ventures, and Kunal Shah
Turnkey
- Gathered $30 million in Series B funding
- Backed by heavyweights like Bain Capital Crypto, Sequoia, and Lightspeed Faction
- Secured a total of $52.5 million so far
Noah
- Bagged $22 million in a Seed round
- Funds from LocalGlobe, Felix Capital, and FJ Labs
Coinbase Warns of Forced Crypto Sales Due to Rising Debt
OneBalance
- Caught $20 million in Series A funding
- Supported by Cyber Fund, Blockchain Capital, and Mirana Ventures
- Secured a total of $25 million till now
Startups under $11 Million
- $11 million went to TYB in Series A funding
- OpenTrade secured $7 million in an unknown round
- NuConstruct garnered $6 million in a Seed round
- $5 million went to Soon (Solana Optimistic Network) in an unknown round
- Rise Labs collected $4 million in a Strategic round
- Orange Cap Games (Vibes) bagged $3.5 million in a Seed round
- Towns Protocol raised $3.3 million in a Public sale
- Silhouette received $3 million in a Pre-seed round
- $144,000 went to Hey Anon in an unknown round
As the AVAX price plummets by 9.75%, thanks to geopolitical tensions, it's clear that these technical indicators were warning us all along. But the crypto market keeps chugging along, unphased and resilient. The future is bright for crypto, and these startups are leading the charge.
- Investors are flooding the cryptocurrency market, contributing a staggering $709 million in a week, with IREN (formerly Iris Energy) raising $550 million through a private placement of convertible senior notes.
- Hypernative secured $40 million in Series B funding, backed by firms like TenEleven, Ballistic Ventures, and Stepstone, while Yupp received $33 million in a Seed round, with investments from a16z crypto, Coinbase Ventures, and Kunal Shah.
- Turnkey garnered $30 million in Series B funding, receiving backing from Bain Capital Crypto, Sequoia, and Lightspeed Faction, and Noah bagged $22 million in a Seed round with funds from LocalGlobe, Felix Capital, and FJ Labs.
- Coinbase is warning of potentially forced crypto sales due to rising debt, and OneBalance caught $20 million in Series A funding, supported by Cyber Fund, Blockchain Capital, and Mirana Ventures.
- Numerous startups under $11 million have raised funds, including TYB in Series A funding, OpenTrade in an unknown round, NuConstruct in a Seed round, Soon (Solana Optimistic Network) in an unknown round, Rise Labs in a Strategic round, Orange Cap Games (Vibes) in a Seed round, Towns Protocol in a Public sale, Silhouette in a Pre-seed round, and Hey Anon in an unknown round, signifying a robust crypto finance landscape and future investments in crypto, blockchain, and decentralized exchange (DEX) projects like Cardano, Solana, XRP, and others.
