In the first quarter of 2024, the crypto market experienced a significant increase in fundraising, reaching $2.4 billion, according to a PitchBook report. This marked a 40.3% rise from the previous quarter, with investments channeled through 518 deals. A notable highlight was the approval of spot Bitcoin ETFs by the SEC, which led to a bull market and a surge in crypto prices, with Bitcoin hitting over $72,000. This event attracted a wave of institutional investors, contributing to the increased market activity. Infrastructure startup EigenLayer led the funding rounds with a $100 million Series B, while Together AI secured the largest deal of $106 million, boosting its valuation to $1.1 billion. These developments underscore the growing confidence and investment in the crypto sector, signaling a positive outlook for its future expansion. Read more.
