Crypto Venture Capital Sees Rebound in Q2 Despite Market Challenges

Galaxy Digital reports increased investment and heightened competition among investors as early-stage deals dominate.

Venture capital investment in crypto rose to $3.2 billion in Q2, up from $2.5 billion in Q1.
Median pre-money valuations surged to near all-time highs of $37 million.
Early-stage companies received 78% of the capital, while later-stage firms struggled to secure funding.
The correlation between Bitcoin prices and venture capital investments has broken down.
Regulatory challenges in the U.S. may push more crypto companies abroad.