Weekly crypto VC funding hits new low for the year

New investment in crypto startups this week totaled just $18.5 million, the lowest level this year, according to DeFiLlama data. In response, CMT Digital Partner Charlie Sander commented that while the fundamentals of blockchain companies have improved, overall valuations have dropped significantly due to a shift in how the long-term value of token performance is assessed. He added that investment is likely to focus on projects with established revenue models and clear use cases.