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Share link:In this post: Animoca Brands participated in 102 of a total of 107 crypto funding rounds in October. The past month led to $2B in rounds, including Blockstream’s bond-based round of $210M. VC funding for crypto startups recovered to levels not seen since 2022, with more than $11B raised in the year to date.
Funding for a new batch of VC projects expanded in October, after a slowdown in the preceding month. A new series of high-profile rounds showed crypto building did not stall.
VC-backed projects expanded in October, attracting $2B in the past 30 days. October proved successful after a slowdown in the past month. The period was marked with new deals from Animoca Brands and multiple Tier 1 funds. For the month of October, funding rose by 263%, spreading the sum to 107 deals.
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Crypto prices plunged over the weekend amid risk-off sentiment following President Trump’s plan to implement heavy tariffs on imported goods from Canada, Mexico and China.While most analysts agree that tariffs are negative for crypto in the short term, some argue that, alongside other catalysts, they could ultimately benefit the asset class in the medium to long term.