📊 Crypto Venture Weekly: September 8–12, 2025

$1.48B was raised across 24 projects this week, led by Figure’s $788M IPO and Rapyd’s $500M Series F.

Forward Industries and Eightco Holdings added $1.94B in SOL and WLD reserves.

Here’s what the top 7 are building 👇

🖱 Figure ($788M IPO, $5.29B valuation)
Blockchain-native capital marketplace connecting origination, funding, and secondary markets.

🖱 Rapyd ($500M, General Catalyst, Spark, BlackRock, Dragoneer, Altimeter, Target Global)
Global payments infrastructure platform bridging fintech and crypto rails.

🖱 Gemini ($50M, Nasdaq Ventures)
Centralized exchange raising strategically ahead of its IPO.

🖱 Inversion ($26.5M, Dragonfly, HashKey, ParaFi, Mirana, MoonRock, Balaji Srinivasan)
Private equity model applied to crypto, acquiring low-margin trad businesses and layering blockchain infra.

🖱 Tetra ($10M, Shopify, Purpose, Wealthsimple, National Bank Holdings)
Canadian digital asset custodian building a regulated CAD-backed stablecoin.

🖱 Multipli ($5M, Pantera, Spartan, Sequoia, Avalanche Foundation)
Yield platform for native, stable, and tokenized real-world assets.

🖱 Runesoul ($4M, Bitgo Capital, AccelByte, IGC Global)
3D card-based action RPG in Web3.

Investor focus this week was on stablecoin infra, regulated custody, tokenized yields, and gaming - while massive treasury moves and M&A reshaped the landscape.

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Crypto Watchlist for the week ahead:

➡️$HYPE - Stablecoins will soon be able to become spot quote assets on Hyperliquid by staking 200k HYPE

➡️$S - Sonic Summit 2025 starts on Sept. 29. I expect some big announcements during it

➡️$RUNE - Thorchain will release Rapid Swaps and Limit Swaps in the coming weeks

➡️$KAITO - Kaito is expected to release gKAITO, one of its biggest upgrades, soon

➡️Falcon - The community sale of Falcon Finance starts on Sept. 16

➡️$RESOLV - Claiming for Resolv's S2 airdrop begins on September 19

➡️$DOGE - 1st Dogecoin ETF is expected to go live next week

➡️$ARB - $49.78M worth of ARB will be unlocked on Sept. 16

➡️$PTB - Portal to Bitcoin's Season 1 Kaito Campaign ends on Sept. 20

➡️Mavryk - Mavryk Network, a blockchain for real-world assets, will release its token on Sept. 18

➡️Lombard - The TGE date of Lombard Finance is expected to be announced very soon, as its claim page has recently been registered

➡️Macro events - The FED is expected to cut rates by 25 bps on Sept. 17

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🚀 Altcoin index faces weekly breakout

TOTAL3, the index tracking all altcoins excluding BTC and ETH, is pressing against a major weekly resistance.

A breakout here would mark the first real cycle-level move for alts since 2021.

➡️ Structure has been building for nearly 3 years
➡️ Breakout zone sits around $1.1T market cap
➡️ Sustained move above would signal risk appetite returning beyond majors

If BTC and ETH stay steady, alts could be next in line for fireworks.

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📞 The calls inside WHP hit different

Back on July 24 we called PUMP right at the bottom, when CT was max bearish and deep in disbelief.
Now it is printing fresh ATHs.

Disbelief is exactly the phase where you want to enter if you have conviction and a system.
That is how cycle winners are caught.

➡️ Inside WHP we run a balanced basket of potential runners that are still near entries.
If you want to see what we are holding, you know where to find it.

➡️ For those chasing free capital, we now have a dedicated airdrop desk run by a team that has managed to secure 5-figure drops across projects

Not bad timing to get in

🏦 Digital treasuries move beyond BTC

Corporate and protocol treasuries are no longer BTC-only. In just months the landscape shifted into a true multi-asset mix.

➡️ ETH was the first to gain share
➡️ SOL is now the fastest climber
➡️ Risk capital trickling into HYPE, TAO, DOGE
➡️ BTC still leads with ~115 treasuries, ETH around 70, SOL closing in

The takeaway: treasuries are starting to mirror crypto portfolios - majors first, then a steady crawl down the risk curve.

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🟦 BASE hints at its own token

Jesse Pollak just confirmed that Base is “exploring a network token.” That means $BASE could be on the way with a possible shift from L2 to full standalone chain.

➡️ Tokenomics discussion now on the table
➡️ Airdrop potential back in play
➡️ Coinbase-backed infra with nearly 1M followers

If $BASE launches, it won’t just be another token. It could reshape the narrative around L2s vs sovereign chains.

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