**Crypto VC Investments Drop 20% in Q3 2024 📉**

Crypto venture capital (VC) investments hit $2.4 billion in Q3 2024, a 20% drop from Q2, according to Galaxy Digital. The industry is barely on track to surpass 2023's funding levels, with $8 billion invested so far this year. High interest rates, spot crypto ETFs, and the 2022 market hangover are keeping allocators cautious.

Key Points:

- 478 deals in Q3, down 17% from Q2.

- Early-stage firms received 85% of capital.

- Crypto exchanges, lending, and trading platforms raised $460 million.

- U.S. leads with 56% of all capital.

What are your thoughts on the current crypto VC landscape? Share in the comments!