Crypto venture capital funding fell 20% in Q3 to $2.4 billion. According to Galaxy Digital, mid-sized projects were overlooked due to a “barbell market” dominated by Bitcoin and high-risk memecoins. The funding decline came alongside a 17% decrease in the number of deals being made. The interest of large investors in spot Bitcoin ETFs has negatively impacted early-stage crypto VC investments. US-based crypto firms received 56% of VC funding in Q3. Share your thoughts in the comments!