Galaxy Research: Crypto VC Q3 Investment Hits $4.59 Billion, Funds Favor Late-Stage Companies
BlockBeats News, November 25th, Galaxy Research released a research report stating that in the third quarter of 2025, cryptocurrency venture capital activity rose to $45.9 billion, the second-highest level since the third quarter of 2022. The transaction count remained stable compared to the previous period. It is noteworthy that although the investment amount has increased, it is also relatively concentrated, with 7 transactions accounting for half of the total investment.
Furthermore, almost 60% of the investment capital flowed into late-stage companies, marking the second-highest level since the first quarter of 2021. The only quarter in over four years with a higher figure was the first quarter of 2025, largely due to MGX's $2 billion investment in Binance.
It is evident from the venture capital fundraising data that there is a decline in investor interest. In the third quarter of 2025, 16 new funds raised a total of $31.6 billion, but this was mainly driven by two large exchange-affiliated venture capital funds.
You may also like

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

DeepSeek Financing Story

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

How to exit after asset tokenization?

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

