Crypto Fundraising Reaches Record High
Crypto fundraising hit a record $3.5 billion last week across 28 deals, led by blockchain services.
Despite market volatility, with Bitcoin surging to an all-time high of $126,000 before crashing and $20 billion in liquidations, crypto fundraising surged to an all-time high.
According to data from Cryptorank, this milestone marked the strongest week on record for crypto venture activity, surpassing the previous peak of nearly $3 billion.
- 28 funding rounds were completed.
- Previous peak of nearly $3 billion was set between July 28 and August 3.
- Seven consecutive weeks of sub-$1 billion fundraising preceded this surge.
No direct quotes available in the text.
In the past six months, weekly fundraising has fluctuated widely, from $150 million to nearly $3 billion, underscoring the unpredictable nature of capital flows in the sector.
Author's summary: Crypto fundraising reaches record $3.5B amid market volatility.