it would pause interest rate hikes, which may become a bullish signal for financial markets, with crypto no exception. Cointelegraph Research’s Venture Capital Database reveals that the crypto VC market saw $1.1 billion in investments in May, the first month to surpass the $1 billion mark since September 2022, with June set to serve as a crucial benchmark for continued growth in VC investment trends.
The top raisers in May included infrastructure solutions developers Worldcoin and Auradine alongside Web3 project Magic. Worldcoin’s saw the participation of Spark Capital, Zoom Ventures, Sound Ventures, Salesforce Ventures, Menlo Ventures and Google and was aimed at promoting World App, its custodial solution, and World ID, its decentralized identity solution.$81 million in a Series A round with the backing of Marathon Digital Holdings, Celesta, Mayfield, Cota Capital and DCVC to promote the “next-generation web infrastructure” with artificial intelligence and zero-knowledge-proof solutions.
As of June, the Fed’s streak of 10 consecutive interest rate hikes has ended. That may turn investment strategies back to risk-on, as short-term adjustments to interest rates significantly impact how capital is invested in both the traditional and decentralized finance spaces. However, VC activity is a lagging indicator and may experience tailwinds in the background of the news.
The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.
CS Crypto VC investments were on the rise for the second month in a row in May despite the generally declining economic backdrop. Funding amounts surged 34% from April, and the number of individual deals jumped 62%, according to data from CS's Venture Capital Database.
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