Author: Elena RElena R 
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
May 20, 2024 18:34
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
The crypto industry has shown an exceptional resurgence, with VC funding rising to $2.4 billion, a 40.3% increase from the last quarter, exhibiting market resilience and potential for growth. It also displays a 44.7% rise in deal volume. The deals included $106 million raised by TogetherAI, $100 million secured by Eigenlayer, and $73 million garnered by FHE platform Zama. The rise in valuations signifies a competitive investment environment. Legal victories for Ripple and Grayscale, positive DeFi sentiments, and the approval of the spot BTC ETF in the US have rejuvenated VC investment.
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