According to KPMG's latest report, the number of active companies in Australia's blockchain and cryptocurrency industry has decreased from 85 to 74, a year-on-year decline of 14%. 📉 Nevertheless, well-known companies such as Independent Reserve, Swyftx, and Coinspot remain strong! 💪

The report points out that this trend reflects the overall downturn in the financial industry in 2024, particularly with merger and acquisition activities concentrated on a few large deals. Meanwhile, global investors have shifted their focus to the field of artificial intelligence. 🤖

However, don't be discouraged! The U.S. SEC's approval of a Bitcoin ETF could bring positive effects to the blockchain industry, and central bank interest rate cuts may release more capital into the market. 🌟 The future of Bitcoin is still hopeful! 🚀