Investors are capitalising on the $2 trillion crypto market downturn by squeezing better deals out of the projects they back, according to Yat Siu, co-founder and executive chairman of Animoca Brands. The disappearance of “crypto tourist” venture capitalists — investors not really prioritising digital assets — “sharply reduced the competition” for good deals, Siu told DL News. “As is usually the case, when the markets are more difficult, deal terms become more attractive,” he said. “However, top deals c ...

Venture capitalists cut another $176 million in cheques for 16 crypto startups this week, bringing total investment to over $25 billion this year, according to DefiLlama data. That’s well over twice the amount raised last year and far above analysts’ expectations. This week’s top investors include Pantera Capital, Coinbase Ventures, and DCG, which are piling on despite crypto markets down $1 trillion from their October highs. Investors are “turning away from hype and increasingly rewarding projects tha ...