Blockchain Funding News: Two New Layer-1s Receive $55M Funding Support

Monicah W

VC Fundings

Blockchain Funding News:- Crypto VC fundings for crypto startups are trying hard to make rebound this year. Till now, the crypto startups in US have raised approximately $861 million Q1 of 2025.

The majority of these fundings are directed towards stablecoin and crypto*AI projects.

However, in the latest instance on Tuesday, two new blockchain projects became the centre of million dollar VC fundings in web3.

This includes two new blockchains, Miden – Polygon’s offshoot and IP-focused Camp Network. Miden, the Edge Blockchain, received $25 million seed funding round on Tuesday.

On the same day, Camp Network also raised $30M to build the autonomous IP Layer1 blockchain.

These fundings are being seen as a bet by leading crypto ventures on Layer-1s showing technical differentiation beyond just standard EVM-compatible chains.

Polygon’s Layer-1 Blockchain Miden Receives $25 M Funding

Privacy in blockchains have been developing as a strong point of contestation and deliberations. It’s most famous proponent have been Ethereum Founder Vitalik Buterin.

He has asked for ensuring blockchain privacy and suggested Zero knowledge roll-ups as the solution.

In a move towards it, Miden – the Edge  Blockchain is being built by Polygon Team and Azeem Khan, co-founder of the blockchain, as a privacy-focused blockchain.

It was originally incubated by the Polygon Labs team but now Miden has spun out as an independent project with this funding.

Privacy Using ZKVMs: What is it

To ensure privacy, it uses ZK-STARK-based virtual machine (VM) or Zero-Knowledge Scalable Transparent ARguments of Knowledge.

ZK-Vms are a type of cryptographic proof system that allows a blockchain to verify the correctness of a transaction or computation without revealing the underlying data. They are post-quantum and execute transactions on smart contracts.

It is this vision of Miden that saw its funding round receiving $25M in its seed funding round co-led by the crypto arm of Andreessen Horowitz along with Hack VC and 1kx.

Other investors included Finality Capital Partners, Symbolic Capital and angel investors like Avery Ching, the cofounder of the Aptos blockchain.

Also Read: Arthur Hayes New BTC Target!

Brian Seong, Researcher and Developer at Polygon said in a X post, “From its roots as an early-stage zkVM, Miden has evolved into a privacy-first, parallelized, UTXO-based blockchain that’s not just innovative—it’s a pioneer.”

He said that the blockchain is designed for mass adoption and is aimed at tackling use cases that could redefine how we think about privacy and scalability in Web3.

Maiden is a standalone Layer-1 blockchain. This means that it would operate independently of Ethereum or any other base chain. This stands in contrast to many zk-rollups which would help the blockchain in avoiding the limitations and congestion risks.

Camp Funding: Blockchain in the Age of AI & IP

Camp Network, in another new Layer-1 blockchain funding update on Tuesday secured $30 million in a Series A funding round. It was led by Paradigm with additional investments coming from various Web3-native developer platforms and node operators.

Camp is a purpose-built Layer 1 blockchain building for the future of AI and IP. It enables users to register and tokenize their IP onchain – giving them copyright royalties using blockchain.

It also allows developers to train and deploy AI agents, and then participate in distributions for the use cases of these AI agents. The agents are set to be trained on their IP for transparent, enforceable way.

Signalling Shift in VCs’ Focus?

The combined $55 million blockchain funding raised by Camp and Miden reflects a growing shift – venture capital is increasing its focus toward highly specialized Layer-1 chains.

In contrast to the hype-driven fundraising of 2021–2022, investors in 2025 appear more focused on blockchains showing,

  • technical differentiation,
  • real-world applications such as AI, and
  • long-term sustainability with privacy assurance.

Thus, as crypto VC funding rebounds in 2025, Layer-1 innovation is regaining center stage. This is particularly for chains being built in privacy, modularity, and developer tooling.

With Camp and Miden securing major funding and community interest, all eyes will now be on their testnet performance and ecosystem traction in the coming quarters.

Also Read: New TON- Libre Fund for Tokenization of Telegram Corporate Debt

 

The post Blockchain Funding News: Two New Layer-1s Receive $55M Funding Support appeared first on CoinGape.

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Summer Markets Could be Bearish; Bitcoin Enters Now-or-Never Trade-Here’s What’s Next for BTC Price?

The post Summer Markets Could be Bearish; Bitcoin Enters Now-or-Never Trade-Here’s What’s Next for BTC Price? appeared first on Coinpedia Fintech News

Bitcoin continues to maintain its upward trend ever since the token has bounced off above the $75,000 mark. The price is currently consolidating around $95,000, flashing a possibility of a breakout, which could lead to further growth, but there is still a risk of a short-term correction. The current trade setup suggests the price has been closely accumulating below a crucial range for more than a week, which has resulted in a huge price action in the recent past. Now that the volatility has dropped significantly, can the BTC price trigger a breakout beyond the pivotal resistance at $96,200?

The BTC price is heading towards the end of the consolidation period as the token continues to remain stuck within an ascending triangle in the short term. The token has held the lower support firmly, hinting towards a potential breakout. Meanwhile, the technicals are turning bearish in the long term, which raises concerns over the stability of the rally. 

After breaking from the wedge, the BTC price has reached an important resistance zone and, despite a decent upward pressure, has remained within the zone. However, the price has failed to test the 0.618 FIB at $96,200, which has now become a threshold to achieve. On the other hand, MACD shows a drop in selling pressure, and the levels are heading towards a bearish crossover. 

This may raise alarms, as a drop below the POC zone between $94,000 and $94,675 may bring back the levels close to 0.5 FIB at $92,062. As long as Bitcoin is below 0.618 FIB and the POC on the volume profile, Bitcoin continues to remain in a bear market. Moreover, a Fair Value Gap has been formed around $87,000, which could be filled in the coming days. Hence, the market participants need to be vigilant as the Bitcoin (BTC) price volatility is expected to kick off during the monthly close.

The post Summer Markets Could be Bearish; Bitcoin Enters Now-or-Never Trade-Here’s What’s Next for BTC Price? appeared first on Coinpedia Fintech News
Bitcoin continues to maintain its upward trend ever since the token has bounced off above the $75,000 mark. The price is currently consolidating around $95,000, flashing a possibility of a breakout, which could lead to further growth, but there is still a risk of a short-term correction. The current trade setup suggests the price has …

All About the $6 Billion OM Token Crash: Was This an Inside Job?

The post All About the $6 Billion OM Token Crash: Was This an Inside Job? appeared first on Coinpedia Fintech News

In what was a major shocker to the entire industry, the OM token crashed by 93% in just 30 minutes yesterday, wiping out more than $6 billion in value. It caught the crypto world completely off guard – one moment it was flying high, and the next, it was in freefall.

The collapse is already being compared to the infamous Terra Luna crash, and investors are left asking: was this just bad luck, or something more sinister? From mysterious wallet movements to deleted chats and sudden sell-offs, there’s a lot that doesn’t quite add up.

Here’s a deep dive into what really happened, what the red flags were, and why the OM meltdown might be one of the biggest crypto scandals of the year.

Warning Signs Were There — But Ignored

According to the community, the signs were there long before the crash, but they were overlooked. Crypto Jargon shared a detailed thread on X, breaking down exactly what happened, and whether there’s any chance investors can recover their losses.

On April 13, 2025, OM was trading at $6.70 with a market cap of $5.8 billion. But by 6:00 PM UTC, it had dropped to just $0.37 — a massive 93% drop in less than an hour. While some traders made big profits by shorting OM, most were blindsided. So, what exactly triggered this crash?

Odd Tweets and Sudden Silence

At 2:00 PM UTC — just hours before the crash — OM co-founder Mullin tweeted, “No wifi, will be offline for a bit.” Then, four hours later, the price started to freefall. Later that evening, MANTRA’s official Telegram channel was deleted without explanation.

Even more suspicious, on April 12 — a day before the crash — 3.9 million OM tokens were sent to the crypto exchange OKX. The crash itself was triggered by around $66.97 million in forced liquidations over 12 hours. However, deeper problems had been building up for months.

For example, the team controls roughly 90% of the token supply — giving them major influence over the market.

Airdrop Issues and Investor Frustration

Investor confidence had already taken a hit.

Just a month earlier, OM’s airdrop blacklisted over 50% of participating wallets, claiming they were bots — without showing any evidence. On top of that, the unlocking schedule kept changing: from an initial 20% unlock, to 0.3% per day, and then to a 10% unlock with vesting until 2027. These constant changes left investors confused and frustrated.

Market Manipulation? Suspicious Moves Before the Crash

Concerns were growing as market makers were allegedly pushing OM’s price up artificially. Airdrops kept getting delayed, and many feared a price dump was coming. In the days before the crash, on-chain data showed that 17 wallets had sent 43.6 million OM (worth about $227 million) to exchanges — about 4.5% of the total supply.

Laser Digital denied any involvement in token sales on OKX. Shorooq Investors also denied selling and pointed to large-scale forced liquidations as the cause, based on blockchain data.

Meanwhile, Mullin disputed data from Arkham Intelligence, claiming that the wallets accused of selling were “mislabeled.” He also referenced a transparency report from April 8 listing verified wallet addresses.

Mass Panic Selling

The panic really started when $3.9 million worth of OM showed up on OKX. This triggered fear of a major sell-off. Some insiders reportedly sold large amounts of tokens over-the-counter (OTC) at a 50% discount. These tokens were then dumped right after the crash, worsening the situation. Stop-loss orders were triggered, leveraged positions got liquidated, and short sellers profited.

In just one hour, OM lost 93% of its value. Over $5.5 billion in market cap disappeared. The situation quickly reminded many of the LUNA crash. MANTRA’s Telegram channel vanished, leaving behind a chilling final message: “LUNA 2.0.” With no official communication, investors were left in the dark.

So, Who’s to Blame?

The MANTRA team claimed the crash was due to wider market pressure and centralized exchanges closing positions, which led to a chain reaction of liquidations. OKX added that the sell-off started with increased trading volume and early price drops on exchanges outside of OKX, before spreading more broadly. On April 14, OKX warned that OM’s tokenomics had changed a lot since October 2024 and flagged suspicious activity on several exchanges.

Rumors of a rug pull quickly spread. Some traders feared the developers would abandon the project. Market investor Gordon even said this could be the biggest rug pull since LUNA and FTX. But MANTRA executives strongly denied this and shared wallet addresses to prove that the team’s tokens were still locked.

“To be clear, this dislocation was not caused by the team, the MANTRA Chain Association, its core advisors, or MANTRA’s investors selling tokens. Tokens remain locked and subject to the published vesting periods,” the team stated in their community update.

What’s Next for OM?

As of now, OM is trading between $0.65 and $0.80, but the trading volume is still low. Investor trust has taken a major hit. On top of that, 1.2 million OM was recently moved to an unknown wallet, sparking fears of more dumping.

Exchanges like HTX and Poloniex have reduced trading options for OM, while Binance has issued a warning to users. Meanwhile, Dubai’s crypto regulator VARA is now investigating MANTRA’s license after receiving multiple complaints.

OKX’s CEO called the situation a “major scandal,” pointing out the lack of transparency despite everything being on-chain. Just two months ago, OM had hit an all-time high of $9.04 and was up 825% year-on-year, even as the rest of the crypto market struggled.

OM was seen as a rising star in the Real-World Asset (RWA) space — but now, it’s hanging by a thread. And unlike LUNA, OM hasn’t shown any signs of recovery yet.

Why did the OM token’s price drop so suddenly?

OM token saw a 93% price drop due to liquidation pressure, large token movements and panic in the market.

Were there any warning signs?

The warning signs included large wallet sell-offs, delayed airdrops, and changes to token unlock terms which impacted the investor trust.

Is OM recovering after the crash?

OM has recovered slightly but remains volatile with low trading volume and ongoing concerns about further selling.

The post All About the $6 Billion OM Token Crash: Was This an Inside Job? appeared first on Coinpedia Fintech News
In what was a major shocker to the entire industry, the OM token crashed by 93% in just 30 minutes yesterday, wiping out more than $6 billion in value. It caught the crypto world completely off guard – one moment it was flying high, and the next, it was in freefall. The collapse is already …

Cardano (ADA) Might Struggle to Retain $1 Amid US Reserve Debate

Cardano (ADA) is down more than 6% on Thursday but remains up nearly 40% over the past seven days. After surging to $1.15 following its inclusion in the US crypto strategic reserve, ADA has struggled to stay above $1 in recent days.

Some users are now questioning its inclusion in the reserve, raising concerns about its price. With whale accumulation slowing and resistance at $1 proving difficult to break, ADA’s next move will depend on whether bullish momentum can return or if selling pressure pushes it lower.

ADA ADX Shows The Uptrend Is Still Strong, But It’s Not As Strong As Before

Cardano has an ADX of 32.5, down from 43.7 three days ago, following a price surge driven by ADA’s inclusion in the US crypto strategic reserve.

Despite the decline in ADX, it remains above the 25 threshold, indicating that the ongoing uptrend still has strength, though momentum has slightly weakened.

ADA ADX.
ADA ADX. Source: TradingView.

The Average Directional Index (ADX) measures trend strength on a scale from 0 to 100, with readings above 25 signaling a strong trend and values below 20 suggesting weak or nonexistent momentum.

With ADA in an uptrend and ADX at 32.5, the trend remains intact but may not be as strong as it was three days ago.

If ADX continues to decline, the trend could lose momentum, leading to a potential slowdown or consolidation. However, if ADX stabilizes or rises again, ADA could maintain its upward trajectory and push toward new resistance levels.

Cardano Whales Are Not Accumulating

The number of Cardano whales – addresses holding between 1 million and 10 million ADA – has declined slightly in the past few days after a strong increase between March 1 and March 4, when it rose from 2,442 to 2,471.

The count now stands at 2,463, indicating that some large holders have reduced their positions following the recent surge. This may have been influenced by the crypto community questioning the inclusion of ADA and XRP in the US crypto strategic reserve.

Addresses Holding Between 1 Million and 10 Million ADA.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.

Tracking these whales is important because large holders can influence market liquidity, volatility, and price trends. A rising number of whales often signals accumulation, which can drive prices higher, while a decline suggests potential profit-taking or reduced confidence.

With the current whale count slightly below its recent surge, ADA’s recent uptrend could slow if more large holders begin selling. However, if accumulation resumes, it could support continued price gains.

Will Cardano Test $1 Soon?

Cardano’s EMA lines indicate a bullish trend, with short-term EMAs positioned above long-term ones.

However, despite this positive setup, Cardano price has struggled to break above $1 in recent days after a sharp correction following its 71% surge on March 2. This suggests that while momentum remains intact, resistance at $1 is proving difficult to overcome.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView.

If the current uptrend reverses into a downtrend, ADA could test support at $0.818, with a break below that level potentially leading to $0.75. A stronger selloff could push the price as low as $0.63 or even $0.58.

On the other hand, if ADA regains momentum, it could test $1 again, and a breakout above this key resistance could send the price toward $1.17, a level it nearly reached during the March 2 surge.

The post Cardano (ADA) Might Struggle to Retain $1 Amid US Reserve Debate appeared first on BeInCrypto.