Crypto VC Funding Continues to Thrive Through Market Cycles.
Bitcoin is starting the Asia trading day in the red, down 0.63% to $27,805, as investors await the Fed's next announcement on interest rates. Meanwhile, the crypto venture capital industry is experiencing a mini bull market, with a rebound in funding rounds observed in recent months, indicating burgeoning interest and optimism within the industry. However, banking remains a challenge for VCs, as many banks are deemed not worth the risk, and the pressure on crypto-friendly banks is a significant red flag.