Ripple Labs has raised $500 million in a strategic funding round, valuing the company at $40 billion. The investment was led by Fortress Investment Group, Haun Ventures, and Pantera, marking the largest funding event in a week that saw $1.015 billion invested across 21 crypto projects. Lava also made headlines with a $200 million funding round, increasing its total capital to $227.5 million. Other significant investments included Canaan Creative with $72 million, Future Holdings with $35 million, and Fomo with $17 million. The funding activity was heavily focused on payment infrastructure and stablecoin solutions.