OKX Ventures Backs Camp Network in $25M Series A as Crypto VC Funding Hits $104.7M

The week of April 27 to May 3, 2025, marked a significant surge in cryptocurrency venture capital funding, with a total of $104.7 million invested across 15 projects. Infrastructure projects dominated the landscape, with Camp Network and Miden each securing $25 million in separate funding rounds. Camp Network’s Series A round saw notable participation from 1kx, Blockchain Capital, and OKX Ventures, highlighting strong institutional confidence in blockchain development. This influx of capital underscores the growing interest and trust in the crypto sector, particularly in infrastructure projects that form the backbone of the blockchain ecosystem. The involvement of major players like OKX Ventures further validates the potential of these projects to drive innovation and adoption in the industry.

Crypto VC Funding Surges with $104.7M Invested Across 15 Projects

Infrastructure projects dominated crypto venture capital activity this week, with Camp Network and Miden each securing $25 million in separate funding rounds. The period from April 27 to May 3 saw total investments reach $104.7 million, signaling strong institutional confidence in blockchain development.

Camp Network’s Series A round attracted backing from 1kx, Blockchain Capital, and OKX Ventures, bringing its total funding to over $29 million. Meanwhile, Miden’s seed round drew support from heavyweight investors including a16z crypto and Hack VC. Privacy, AI, and DeFi solutions continue to command investor attention, as evidenced by Thru’s $14.4 million raise at a $140 million fully diluted valuation.

OKX CEO Star Xu Challenges Justin Sun Over Alleged Freeze Notice Dispute

A public spat has erupted between OKX CEO Star Xu and TRON founder Justin Sun over alleged communication failures regarding a freeze notice for stolen funds. Sun claimed law enforcement sent a request to OKX’s official email but received no response, stating he had "no other means of contacting OKX’s compliance team."

Xu countered that OKX’s legal cooperation team found no such request after checking all inboxes, including spam. The dispute highlights tensions between exchanges and high-profile blockchain figures in handling security incidents.