Paribu buys CoinMENA for $240M as weekly crypto VC deals total $478.9M; N3XT raises $72M

Published: 2025-12-06 16:58:00 |

Weekly crypto venture capital activity (Nov 30–Dec 6, 2025) totalled $478.9 million across 18 projects, led by Paribu’s acquisition of CoinMENA for up to $240 million. CoinMENA has now raised $249.5 million to date. Major raises this week included N3XT’s $72 million round (backed by Paradigm, Hack VC and Winklevoss Capital), Canton Network’s $50 million strategic round (investors include BNY Mellon, iCapital and Nasdaq), Portal’s $25 million raise (backed by JTSA Global), and Ostium Labs’ $20 million Series A (investors include General Catalyst, Jump Trading and Coinbase Ventures). Other notable raises: Fin (ex-TipLink) $17M (Pantera, Sequoia, Samsung Next), BitStack $15M (Series A), and several sub-$15M rounds for projects such as Zoo Finance, Ranger, Axis, Altura, Reya Network, TrueNorth, DeepNode AI, LayerBank, Haiku and Harmonix Finance. The data comes from Cryptofundraising. Primary themes: M&A dominating weekly totals, large institutional and crypto-focused investor participation, and continued funding across Bitcoin, Layer‑1, DeFi and payments infrastructure projects.

Neutral

The news is market‑neutral overall. A large M&A (Paribu’s $240M CoinMENA deal) inflated weekly funding totals but represents consolidation rather than a direct catalyst for crypto price moves. Large venture rounds (N3XT $72M, Canton $50M) signal continued institutional interest and capital flow into infrastructure, payments and Layer‑1 projects — a constructive backdrop for long‑term adoption and sector growth. Short‑term price impact is likely limited: acquisitions and private rounds typically do not immediately affect public token supply or market liquidity. However, investor endorsements (Paradigm, BNY Mellon, Coinbase Ventures, etc.) can improve sentiment for related sectors (exchanges, Layer‑1, DeFi) and support risk appetite among traders. Watch for sector-specific reactions — tokens tied to publicly traded counterparts or protocols directly affected by these companies may see volatility on news flow. Overall, expect modest positive sentiment for infrastructure and payments projects over the medium term, while broader crypto market direction will remain driven by macro factors and major on-chain events.