Hotcoin Investment and Financing Weekly Report (3.22-3.28) | 17 public events, financing data shows decline

From March 22 to March 28, a total of 17 investment and financing events occurred in the cryptocurrency market, including 6 in infrastructure, 4 in DeFi, 2 in gaming, and 5 in others.

This week, 3 funding events exceeded $10 million:

• Tabit, a digital insurance company, completed a $40 million funding round. Investors were undisclosed.

• Abound, a cross-border remittance platform, raised $14 million, with participation from the NEAR Foundation, Circle Ventures, and others.

• Chronicle Protocol, a decentralized oracle solution, secured $12 million in seed funding, with investors including Strobe Ventures, 6th Man Ventures, and others.

This week saw a decline in investment and financing activity within the crypto space. Infrastructure and DeFi sectors led with 6 and 4 deals respectively. The largest funding round was completed by Tabit, raising $40 million.

The chart below ranks this week's projects by total funding amount: