Cryptocurrency VC weekly investment hits lowest level this year

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According to DeFirama data, cryptocurrency startups raised just $18.5 million in new funding this week, the lowest level this year. Charlie Sander, a partner at CMT Digital, stated, "While the fundamentals of blockchain companies have strengthened, the overall valuation has declined significantly due to a shift in the long-term valuation criteria for token performance. Investment funds are likely to be focused on projects with established revenue structures and use cases."

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