PANews reported on September 17 that, according to a recent Galaxy Research report, cryptocurrency venture‑capital activity rebounded in the second quarter of 2026 after a sluggish first quarter. Venture capital firms invested approximately $5.6 billion across 384 deals in unlisted crypto and blockchain‑related companies. Total investment rose 31% quarter over quarter, while the number of deals increased by 10%, with growth largely driven by late‑stage financings. Raising new funds remained challenging: in the second quarter, only five new crypto venture‑capital funds raised about $3.9 billion, marking the lowest quarterly tally of newly launched funds since the fourth quarter of 2019.
Based on the investment pace in the first half of 2026, annual investment is projected to total approximately US$20.037 billion—slightly below the full-year figure of US$20.3 billion for 2025, yet higher than most periods during the market downturn from 2023 to 2024. In terms of capital allocation, late-stage deals account for roughly 77% of funding, early-stage deals make up 15%, and seed- and pre-seed‑stage rounds comprise the remaining 7%. U.S.-based startups secured 73.5% of total investment and accounted for 39.1% of all 384 deals. Companies in the transaction, exchange, investment, and lending sectors led the pack with about US$3.523 billion across 51 deals.