Galaxy Digital: Cryptocurrency sector received $3.19 billion in venture capital in Q2, and the financing environment remained active

Crypto venture capital continued to rebound in the second quarter despite the market downturn, according to Galaxy Digital, with founders and investors generally reporting a more active funding environment than in previous quarters. “Crypto venture sentiment continues to improve, although levels remain well below the 2021-2022 bull run,” Galaxy Digital research analysts Alex Thorn and Gabe Parker wrote in a report on Tuesday. Galaxy reported that venture capitalists invested $3.19 billion in cryptocurrency and blockchain companies in Q2, slightly higher than the $3.16 billion in the first quarter. (The Block)