PitchBook reported a rise in crypto venture capital deal values in the first quarter of 2025, despite a decrease in the number of deals compared to the previous year. The quarter saw 405 deals, down 39.5% from Q1 2024, but with a total deal value of $6 billion, more than double the value from a year ago. The senior crypto research analyst at PitchBook, Robert Le, highlighted the continued interest in crypto's core utility rails by investors, with significant funding going into crypto asset managers, exchanges, and financial services. The upcoming IPO of Circle is anticipated to have a significant impact on the crypto equity market. Additionally, the market value of stablecoins grew, indicating potential for increased venture investments in related startups. Despite challenges like the Bybit exploit, startups focusing on security and key management solutions are expected to find a favorable funding environment. Read more AI-generated news on: https://app.chaingpt.org/news