ChainCatcher news, according to Bloomberg, venture capital in the cryptocurrency sector saw a significant decline in the third quarter before the election fervor of elected President Trump revived industry sentiment. PitchBook data shows that in the three months ending September 30, cryptocurrency startups attracted $1.7 billion in investment, a decrease of 31.3% from the previous quarter. The number of deals completed fell by 25.3% to 392.PitchBook senior analyst Robert Le wrote in the report, "We believe this adjustment is a natural and necessary component of a healthy cryptocurrency market." Le attributed the decline in cryptocurrency venture capital deals to macroeconomic factors, including increased market volatility and concerns about a recession in the U.S. Similar to the previous quarter, new infrastructure projects like blockchain continued to attract venture capitalists in the third quarter. Le stated that he expects further consolidation among cryptocurrency exchanges, custodians, and infrastructure companies in the future.

ChainCatcher news, according to Cointelegraph, crypto analysts say that if crypto projects want to continue to receive healthy venture capital funding, the altcoin market needs to experience a significant rebound.Will Clemente, co-founder of Reflexivity Research, stated that unless altcoins see a "substantial bull market," fewer crypto projects will receive funding support, and the overall valuation of the altcoin market will decline.He said, "Given the increase in supply in the market, I expect funding to be more dispersed, and I am not confident about the occurrence of this rebound."

ChainCatcher news, according to a new quarterly report from PitchBook, cryptocurrency financing has grown by 2.5%, reaching $2.7 billion. Despite the increase in amount, the number of transactions has decreased by 12.5%.PitchBook senior analyst Robert Le stated, "Investors are concentrating capital on a narrower range of opportunities, marking a leap towards quality. A few years ago, their investments were more diversified across various sectors. Overall financing in 2024 is expected to grow by 20% or more compared to last year, reaching between $12 billion and $14 billion this year, up from about $10 billion last year."

ChainCatcher news, according to The Block, in 2023, venture capitalists invested $10.7 billion in crypto and blockchain startups, a decrease of 68% from $33.3 billion in 2022. Most of these investments occurred at the beginning of the year, with a decline in the second half, although there was an increase in funding in November.Compared to 2022, the proportion of investments allocated to pre-seed, seed, and Series A startups increased in 2023, while the number of late-stage investments decreased. As for verticals, NFT/gaming, infrastructure, and Web3 maintained dominance in the number of investments, while other categories such as data, trading, and enterprise received less investment.