X @BSCN

Crypto VC is narrowing to a smaller circle of firmsCryptoRank data puts unique investors in crypto funding rounds at about 152 so far in July, down from 244 in June and 452 last October. The peak in May 2022 was 1,177.Capital hasn't thinned at the same rate. July was running roughly $1.48 billion across about 37 rounds, against $1.44 billion across all of June. Fewer firms, bigger cheques.Coinbase Ventures (@cbventures) led H1 on deal count with 30, ahead of Animoca Brands (@animocabrands), @a16z and @tethe ...