General Catalyst, Jump Trading pile on as crypto startups raise $155 million

Venture capitalists poured another $155 million into 14 crypto startups this week, bringing total investment to nearly $25 billion this year, according to DefiLlama data. That’s a 160% uptick from last year — far above analysts’ expectations. This week’s power players include tech-focused firms General Catalyst, Jump Trading, Coinbase Ventures, Wintermute Ventures, and GSR, as well as more traditional financial institutions, including BNY Mellon, Nasdaq Ventures, iCapital, and S&P Global. Investors thes ...