While seemingly all sectors are seeing a slowdown in venture capital, Web3 — defined here as cryptocurrency and blockchain startups — has been hit hardest as investors retreat to both AI and more traditional sectors.
Crypto
Federal prosecutors have moved to remove five charges against disgraced FTX founder Sam Bankman-Fried.
It’s been quite a turbulent couple of days for crypto.
Well this isn't good.
Two AI startups take two of the top three spots again this week. OK, they are more AI-adjacent companies, but being related to what is the hottest...
The 10 Biggest Rounds Of May: AI And Biotech Startups Get Big Bucks, Led By Anthropic And ElevateBio
AI again led the way, but biotech had a huge month on our list of the largest funding deals to U.S.-based startups in May.
The week can be summed up pretty succinctly by just saying AI and biotech.
Worldcoin developer Tools For Humanity — co-founded by OpenAI’s Sam Altman — raised a $115 million Series C led by Blockchain Capital.
Hong Kong wants to strengthen its reputation as a forward-looking financial hub.
In its first acquisition, Ripple acquired digital asset custody startup Metaco for $250 million — half in cash and half in equity.
For a startup, acquiring another startup may make strategic sense. But it isn’t easy to do.
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