【Pantera: Optimistic about Crypto AI, DePIN, and New Layer 1 Blockchains in 2025】According to a report by Golden Finance, Pantera Capital partner Lauren Stephanian stated that with the pro-crypto policies in the United States, crypto venture capital is expected to increase in 2025, and investors are adopting a more positive attitude toward fund deployment. Stephanian noted that the bull market will not last long, and when the slowdown begins in 2025 remains to be seen. Pantera will continue to make extensive investments in the crypto and blockchain space, focusing on crypto AI, decentralized physical infrastructure networks (DePIN), and new Layer 1 blockchains with stronger application layer capabilities.