According to Deep Tide TechFlow, on July 4, DL News reported that the total funding for crypto projects in the first half of 2025 reached $10.3 billion, surpassing the total amount for all of 2024, with Circle, TON Foundation, and World Liberty Financial accounting for 22% of the total funding.

Stablecoin issuer Circle raised $1.1 billion through a listing on the New York Stock Exchange, with its stock price rising over 500% post-listing. The blockchain developer TON Foundation, associated with Telegram, completed $400 million in funding in March, with investors including Sequoia Capital, Ribbit, and Benchmark.

World Liberty Financial, associated with former U.S. President Trump, completed a $300 million token sale on January 20, followed by an additional $385 million in funding and the launch of a USD-pegged stablecoin USD1.

Venture capitalists expect that the total funding for the crypto industry in 2025 could reach $25 billion.