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Crypto and crypto-linked companies disclosed at least USD 1.24 billion across 10 financing deals from October 24 to 30. Kalshi led the weekly crypto funding activity with a USD 1 billion Series G round. HIVE Digital Technologies followed with a USD 129 million infrastructure loan, while PhotonPay secured USD 40 million. Separately, Ibis announced a USD 250 million institutional lending facility, adding another major credit arrangement to the week's disclosures.
The figures came from Crypto Fundraising and CryptoRank deal lists, alongside company announcements and individual transaction reports. The total covers debt financing and secondary share sales, not just new startup capital.
Kalshi announced its USD 1 billion Series G on October 29, placing its post-money valuation at USD 40 billion. Wellington Management and Sequoia co-led the financing.
Other participants included Baillie Gifford, Andreessen Horowitz, Coatue, CapitalG and Morgan Stanley Investment Management. The valuation followed earlier fundraising discussions in September.
Kalshi plans to use the capital for institutional sales, wider distribution, product development, and international expansion. Its overseas plans focus particularly on Latin America and Europe.
The company also outlined plans for indices, single-stock perpetual futures, and compute markets. These products would extend their business beyond conventional prediction markets. Meanwhile, Kalshi reported more than 30 million accounts and an annualized exchange volume exceeding USD 1 trillion. The figures provided context for its expansion plans.
HIVE Digital Technologies announced an approximately USD 129 million loan agreement on October 27 through its BUZZ Alpha Cloud subsidiary. The three-year facility carries a fixed annual interest rate of 9%.
An institutional lender provided the financing for Nvidia GPU systems and related infrastructure in Canada. The deployment will support HIVE's previously announced contract with Cohere.
The agreement uses equipment and related assets as collateral, alongside a limited-recourse guarantee from BUZZ HPC. HIVE expects contract revenue to cover repayments without issuing common shares.
PhotonPay also closed a USD 40 million Series C led by Blockchain Capital. SBI Group joined existing participants IDG Capital, GL Ventures and Lightspeed Faction.
The Hong Kong payments company plans to expand multi-asset wallets, global card issuance and local clearing systems. Its platform connects stablecoin liquidity with banking networks.
PhotonPay reported USD 65 billion in annualized transaction volume as of August and more than 200,000 business customers.
Elsewhere, Hyperbolic announced a USD 30 million Series A1 led by Walden Catalyst. Dell Technologies Capital, General Catalyst and Vista Equity Partners participated.
The company will direct the capital toward Forge software, cloud coordination services and a planned GPU marketplace.
Luxor disclosed a USD 16 million strategic round led by CMT Digital. Canaan, MicroBT, Halo and Steelhead participated in the transaction, which combined fresh capital with secondary share sales.
Luxor plans to expand AI hardware, cloud services and compute derivatives. Predicate secured an USD 8 million Series A, according to CryptoRank. Its announcement identified Paxos as a new strategic participant and placed cumulative funding at USD 15 million.
Meanwhile, Cancore announced USD 7.2 million in seed financing from supporters, including Paper Ventures, DAO5, and ArkStream Capital. The company aims to connect Canton assets with public-chain liquidity.
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Spicenet secured USD 5 million in Series A financing led by dao5. The proceeds will support brokerage products, its token launch, and network liquidity. Mochatrade raised USD 4.87 million in its latest seed round, bringing cumulative funding to USD 5.56 million. CoinFund led the round, with Coinbase Ventures participating.
Birch Hill also announced a USD 4 million seed round led by Multicoin Capital. Its infrastructure focuses on bringing U.S. credit onto public blockchains.
Separately, Ibis launched with USD 250 million in FalconX credit capacity and an undisclosed pre-seed round. Other undisclosed transactions involved IOSG Ventures and Fun, ICE and Trade [XYZ], and the Stellar Development Foundation and Marketnode.
Crypto funding reached at least USD 1.24 billion during October 24–30, with Kalshi accounting for the largest disclosed transaction. HIVE and PhotonPay followed with financing for AI infrastructure and stablecoin payments. Smaller rounds supported blockchain services, compliance, and credit infrastructure, while Ibis separately announced USD 250 million in lending capacity.