Top 10 Cryptocurrency Venture Capital Firms Share 2025 Funding Outlook: Dragonfly Focuses on DeFi, CeFi, and Stablecoins, Believing Emerging Areas like Crypto AI and Decentralized Physical Infrastructure Networks (DePIN) are Still Experimental; Pantera Capital is Very Interested in Crypto AI, DePIN, and New Layer 1 Blockchains; Multicoin is Optimistic About the Development of the Solana Ecosystem and Stablecoins; Coinbase Ventures Focuses on On-chain Economy, Including Stablecoin Payments and On-chain Consumer Applications; Binance Labs Emphasizes Real Use Cases and User Adoption; Galaxy Ventures is Optimistic About Stablecoins and Tokenization; Hashed Invests in Data Infrastructure, Regulated Stablecoin Payments, and Crypto AI Infrastructure, While Planning to Launch New Investment Tools in Abu Dhabi; Hack VC Focuses on Crypto AI, Infrastructure, and DeFi, but is Not Optimistic About NFTs; Portal Ventures Prefers Comprehensive Platforms, While Blockchain Capital Focuses on Stablecoin Infrastructure and Innovative DeFi Platforms. (The Block)