Crypto VC Funding Explodes: Coinbase’s $375M Echo Acquisition & Pave Bank’s $39M Raise Signal Bull Market

Massive capital injections are reshaping the crypto landscape as industry giants make power moves.

Coinbase's Strategic Gambit

The exchange behemoth drops $375 million to absorb Echo—proving traditional finance's slow-motion approach to blockchain adoption is becoming increasingly irrelevant. While banks debate compliance frameworks, crypto natives are building empires.

Pave Bank's Momentum Play

Fresh $39 million funding injects rocket fuel into the digital banking infrastructure space. Because apparently, someone needs to remind legacy institutions what actual financial innovation looks like.

VCs are finally realizing what we've known all along: betting against crypto is like shorting the internet in 1999. The smart money isn't just dipping toes—it's diving headfirst into the digital asset revolution while traditional finance still struggles with basic blockchain comprehension.

Echo

• Coinbase continued its buying spree, offering $375 million for Echo
• Echo is a community-based on-chain investment platform
• This is the fifth major deal Coinbase announced in 2025. In January, it acquired Stryk, a Cyprus-based unit of BUX specializing in contract-for-difference (CFD) trading services for European residents. The same month, Coinbase also purchased Spindl, a San Francisco startup developing a blockchain-based attribution system to help businesses drive user growth. In May, the company acquired Deribit, a Netherlands-based cryptocurrency derivatives exchange. By July, Coinbase added Liquifi, a San Francisco startup focused on automating token vesting and lockups. Financial terms for the acquisitions were not disclosed.

Pave Bank

• Pave Bank secured $39 million in a Series A round
• Backed by Accel, Tether, and Wintermute Ventures
• The project has raised $44.2 million so far

Sign (Ethsign)

• Raised $25.5 million in an Unknown round
• Investors include YZiLabs and IDG Capital
• Sign is an on-chain infrastructure for token distribution and has raised $54.15 million so far

Sign Secures $25.5M Strategic Investment Led by YZi Labs @yzilabs, with IDG Capital @IDGCapital Participation to Build Blockchain Infrastructure for Global Nations pic.twitter.com/KHJLRmS9WO

Bluwhale

• Bluwhale gathered $10 million in a Series A round
• Investment was backed by UOB, PAID Network, and Spartan Capital

BitcoinOS

• BitcoinOS Raised $10 million in an Unknown round
• Investors include Green Assets, Falcon X, and DNA Fund

BOSes. Our $10M investment round led by @greenfield_cap marks a major step toward building programmable BTC on Bitcoin, to be delivered for DeFi across all of our partner chains.

Grateful to our investors @FalconXGlobal, @scottwalker99 (DNA Fund), @brockpierce (DNA Fund),… pic.twitter.com/4i0JVQlGkO

Projects Under $10 Million

• Limitless, $9 million in a Seed round
• DepinSim, $8 million in a Strategic round
• Nubila Network, $8 million in a Seed round
• Pieverse, $7 million in a Strategic round
• METYA, $6 million in an Unknown round
• Turtle, $5.5 million in a Strategic round
• Open Campus, $5 million in a Strategic round
• TBook, $5 million in an Unknown round
• ME3 (Gacha Galaxy), $3 million in an Unknown round
• Loyal, $2.5 million in a Public sale with $5.24 million fully diluted valuation
• Lit Protocol, $2.5 million in an Unknown round
• Printr, $2 million in a Seed round
• Rayls (Parfin), $1.75 million in a Public sale
• Kinetiq, $1.75 million in a Seed round
• dm fun (Metrica Labs), $1.5 million in a Public sale
• Entry (ex Zekret Protocol), $1 million in a Pre-seed round
• ZKLSOL (Zero Knowledge SOL), $969,420 in a Public sale with $2.5 million fully diluted valuation