BlockBeats News, August 29th, Cryptocurrency exchange platform OrangeX announced the successful completion of a $20 million Series B funding round. This round of funding was led by Kryptos, with continued support from SCI Ventures and other major investors.

Prior to this, OrangeX completed a $10 million Series A funding round in September 2023, which was also led by Kryptos and received support from NGC Capital, Phase Capital, and SCI Ventures.

The new funds will be used to strengthen the core infrastructure and accelerate global market expansion. The Series B funding was completed in the first half of 2025, reflecting investors' strong confidence in OrangeX's strategic direction and long-term vision.

BlockBeats News, August 29, GameTech startup company PlaysOut is considering a new round of equity financing, aiming to raise about $15 million with a valuation expected to exceed $150 million.

Insiders revealed that the company has started talks with potential investors, with target investors including Middle Eastern sovereign wealth funds and top global venture capital firms. PlaysOut reportedly plans to use the proceeds from the financing to advance its commercialization process. (Bloomberg)

BlockBeats News, August 28th: Cryptocurrency debit card issuer Rain has completed a $58 million Series B funding round, led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. According to another source familiar with the matter, the annualized consumption volume supported by Rain's debit cards has exceeded $1 billion.

Rain has launched Visa-supported debit cards, enabling stablecoins to be spent wherever Visa is accepted. The company was founded in 2021 by CEO Farooq Malik and CTO Charles Yoo-Naut. Rain allows neobanks and fintech firms (such as Nuvei) to offer stablecoin payment services.

Previously, on March 24th, Rain announced a $24.5 million funding round, led by Norwest Venture Partners, with participation from Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka.

BlockBeats News, August 28th, According to The Block, The Clearing Company, a prediction market platform founded by former Polymarket and Kalshi employees, announced the completion of a $15 million seed round of funding. This round of funding was led by Union Square Ventures, with participation from Haun Ventures, Variant, Coinbase Ventures, Compound, and others.

The Clearing Company will compete with the market leaders Polymarket and Kalshi. According to the company's website, Toni Gemayel, who previously served as the growth lead at Polymarket and Kalshi, will serve as the CEO of The Clearing Company. Other employees of this startup also include individuals who have previously worked at Polymarket.

BlockBeats News, August 27th: Decentralized validation protocol Swarm Network has completed a $13 million financing round. Part of the funding for this round came from a $10 million public sale of delegation licenses on the Sui Network, with an additional $3 million in strategic capital from investors such as Sui, Ghaf Capital, Brinc, Y2Z, and Zerostage.

This financing round will accelerate the development of its decentralized AI validation protocol.

BlockBeats News, August 27th: Japanese publicly traded company Metaplanet announced that it plans to raise funds through an international stock offering, with the expected net proceeds from the international offering around 130.334 billion Japanese yen (approximately 881 million USD), intended for:

· Purchase of Bitcoin: 123.818 billion Japanese yen (837 million USD)

· Bitcoin Financial Operations: 6.516 billion Japanese yen (44 million USD)

Metaplanet stated that given Japan's current severe economic situation—including high levels of national debt, long-term real negative interest rates, and the continuous devaluation of the yen—the company, as disclosed in the May 13, 2024 publication "Metaplanet's Strategic Financial Transformation and Bitcoin Adoption," has adjusted its financial management policy by strategically positioning Bitcoin (BTC) as its primary reserve asset. This decision aims to hedge against the asset risks posed by yen devaluation and leverage Bitcoin's long-term appreciation potential. Through the raised funds, the company plans to increase its Bitcoin holdings in the future and believes that this approach can shield its finances from yen devaluation, mitigate inflation risks, and achieve sustained growth in enterprise value.

To further advance this policy, the company intends to use the 123.818 billion Japanese yen raised from the international offering to purchase Bitcoin between September and October 2025. As of August 25, 2025, the company holds 18,991 BTC, valued at approximately 314.6 billion Japanese yen.

Since holding Bitcoin does not generate interest or returns on its own, as part of Bitcoin financial operations, the company generates revenue through selling put options. As disclosed in the August 13, 2025 publication "FY2025 Q2 Interim Financial Report (Japanese GAAP, Consolidated)," the company recorded sales revenue of 1.904 billion Japanese yen in the second quarter of the fiscal year 2025 from this business. The company aims to achieve annual operating profits by accumulating profits throughout the year. Therefore, the company plans to allocate the 6.516 billion Japanese yen raised from the international offering to increase the margin for put option sales in this business from September to December 2025.

BlockBeats News, August 27th, According to official sources, the DeFi layer protocol prediction market Gondor has announced the completion of its angel round financing, with the specific amount remaining undisclosed. Maven 11 participated in this round of financing.

It is reported that Gondor's first product, the "Polymarket Position Lending Protocol," is about to be launched.

BlockBeats News, August 27th, according to official sources, Aptos application and execution layer protocol Panora announced the completion of a new round of financing, with the specific amount undisclosed.

This round of financing was led by Frictionless Capital, with participation from Aptos Labs co-founder and CEO avery.apt, as well as Aptos Labs founding engineer and DevRel lead greg.apt.

BlockBeats News, August 26th, According to official sources, YZi Labs announced that it has made a strategic investment in USD.AI, with the specific amount undisclosed. USD.AI is a protocol that provides hardware support financing for artificial intelligence infrastructure.

This investment aims to accelerate USD.AI's mission to build a new type of stablecoin, enabling it to scale with the growth of global computing demand, allowing every operator to become a supercomputer provider.

USD.AI has created a unique financial solution specifically to address this capital acquisition issue. Unlike traditional financing relying on cash flow forecasts, USD.AI's loans are asset-backed, with each loan supported by actual AI hardware at a 1:1 ratio. This innovative approach allows loans to be completed within 7 days, significantly speeding up the process compared to the 60-90 days typically required by traditional credit funds.

BlockBeats News, August 26th, according to prnewswire, blockchain payment infrastructure Kira announced the completion of a $6.7 million seed round funding, with participation from Blockchange Ventures, Vamos Ventures, Stellar Blockchain, Grit Ventures, Credibly Neutral Ventures, Michael Seibel, and Oso Trava.

According to the introduction, Kira utilizes the Stellar blockchain to achieve fast, low-cost payment services, currently focusing on the Latin American market, and supporting large enterprises or startups to launch embedded financial products.