According to @EmberCN, Irys has closed a 10 million US dollar Series A financing round led by CoinFund, indicating strong investor backing in a cautious market, source: @EmberCN on X, August 25, 2025. According to @EmberCN, the project’s stated next step after the Series A is to launch its mainnet, which sets a clear near-term development milestone for market tracking, source: @EmberCN on X, August 25, 2025. According to @EmberCN, despite a strong crypto market this year, crypto venture capital deployment remains prudent and the number of completed financings is well below last year, highlighting tighter selection standards that can shape deal flow and sentiment, source: @EmberCN on X, August 25, 2025.

According to Eleanor Terrett, a recent article by @perkinscr97, president of CoinFund, and @giancarloMKTS, former CFTC chair, discusses the strategic use of privateering to address state-sponsored hacking threats in the cryptocurrency market. This approach involves the government enlisting private sector expertise to enhance cybersecurity measures, potentially stabilizing market conditions by reducing hacking risks (source: Cointelegraph).