Crypto Research

While liquid markets continued to chop this week, venture funding remained relatively robust with over 45 deals completed for a total of $574 million – a slight downtick from last week’s $600 million. Web3 projects raised $227 million, the most of any other category, with CeFi coming in second having raised $190 million. Metaverse/gaming projects were overlooked this week; however, Japanese game developer Akatsuki raised a $20 million fund that...

Recently, we have been quite cautious about cryptoasset prices in the immediate term, recommending that investors hedge to the downside. We still think this is appropriate given the relentless hawkish signaling from the Fed and lack of conclusive softening economic data. While we believe there are signs of inflation turning over, we find it difficult to rationalize anyone with near-term liquidity needs to bet the farm on cryptoassets. _Source: TradingView_...

Will McEvoy provides insight on what’s behind the recent decline in venture capital funding in the digital assets space. CRYPTO FUNDING FRIDAYS: BACKING FUNDS IS THE NEW HOLDING CASH

FIGURE: FARMER PEPE JADED FROM BEING OVEREXPOSED TO TERRA WHILST SIMULTANEOUSLY RUGGED BY MILADIES, AS HE CONTEMPLATES HURLING IN HIS LAST BAG OF SEEDS TO  ONE MORE FARM Source: Fundstrat Fellow DeFi Enthusiasts, We hope this week’s  DeFi Digest finds you well. Evidently, these market (weather) conditions have shown to be inconducive to the strategies (crops) we’ve cultivated throughout the last 18 months. Like farmers adapting to changing seasons, we...

In a week very similar to last, venture capital money was heavily focused on backing new funds as opposed to investing in projects. Projects raised a total of $600 million, with CeFi projects getting the biggest share of the pie at $197 million. Infrastructure and DeFi followed up at $122 million and $111 million, respectively. Web3 and Metaverse/Gaming both raised $73 million, and NFT projects came in last with just...