[Golden Financial News] In the second quarter of 2024, the cryptocurrency venture capital market continued to remain active. Although the number of transactions decreased slightly from the previous quarter, investment capital increased from US$2.5 billion in the first quarter to US$3.2 billion. It is worth noting that although investment capital has declined compared to previous peaks, the recovery of the cryptocurrency market in the past few quarters is triggering fierce competition among investors. Additionally, the median pre-money valuation surged significantly to an all-time high, rising from $19 million to $37 million. In terms of investment categories, companies and projects in the "Web3/NFT/DAO/Metaverse/Gaming" category raised the largest share of venture capital funds, reaching US$758 million. Geographically, more than 40% of transactions involved companies headquartered in the United States, with the United Kingdom and Singapore accounting for 10% and 8.7% respectively. Overall, cryptocurrency venture capital sentiment continues to improve, but remains significantly below the 2021-2022 bull market levels.