Crypto Funding Explodes in June's First Week: Circle IPOs, IOST Scores Big

Circle's $1.1B IPO Steals the Show

Holy blockchain, Batman! Crypto venture funding just went from zero to hero in the blink of an eye during the first week of June. We're talking a tsunami of cash flooding into everything from mega-deals to scrappy startups. Leading the charge? None other than Circle, which finally pulled the trigger on its long-awaited IPO, raking in a cool $1.1 billion. And just like that, CRCL is strutting its stuff on the NYSE.

$1.17B Pours Into Crypto Projects

Listen up, folks - from June 1 to 7, a mind-blowing $1.17 billion found its way into the hands of hungry crypto projects. That's right, the Web3 space is on fire, with investors chomping at the bit to get a piece of the action. We're talking major strategic rounds for heavyweights like IOST and Avantis, and seed money for the up-and-comers like 3Jane and Launcher Capital. It's a feeding frenzy out there!

IOST, Rails, and Avantis: Funding Roundup

Here's the scoop on some of the biggest funding news:

📢 IOST just dropped a bombshell - they've locked in a whopping $21M in strategic funding to supercharge their RWA 3.0 growth and build a slick, compliant, multi-chain ecosystem. Shoutout to DWFLabs, Presto Labs, Rollman Management, and the rest of the gang for believing in the dream!

Rails is officially in the house, baby! 🚀 Today marks the dawn of a new trading era, with user-controlled on-chain custody, lightning-fast centralized execution, and zero-knowledge transparency. And guess what? They've already banked $20M from Slow, Kraken, Quantstamp, Round13, and more. Buckle up, it's gonna be a wild ride!

Avantis is over the moon to announce their $8M Series A, co-led by the legends at Pantera Capital and Founders Fund. This cash injection is gonna turbocharge their mission to build DeFi's universal leverage layer - we're talking gold, FX, oil, equities, crypto, sports, and more. 24/7, fully on-chain, and open to anyone. The future is now, baby!