VC investment in crypto hits $4.8B in Q1, up 54% from previous quarter

Venture capital (VC) investment in the cryptocurrency and blockchain sector reached $4.8 billion in the first quarter (Q1), marking a 54% increase from the previous quarter, according to Unfolded on X. This is the highest quarterly total since Q3 2022, driven largely by a $2 billion investment in Binance by Abu Dhabi-based firm MGX—the largest single contribution of the quarter.