In May, the crypto market completed only 62 rounds of financing, with a total amount of US$909 million.

News: In May 2025, cryptocurrency venture capital transaction volume dropped to the lowest level of the year, with only 62 financing rounds completed, marking a new low since January 2021. Although the number of financing rounds decreased, the total financing amount still reached $909 million, making it the second-largest financing month this year, only behind March's 78 rounds totaling $2.89 billion. Market analysts point out that the investment cooldown is primarily influenced by three factors: first, cryptocurrency market price volatility, with Bitcoin oscillating after reaching its peak in January and experiencing further fluctuations in late May due to uncertain tariff policies; second, the macroeconomic environment, with the Federal Reserve's high interest rate policy putting pressure on risk assets; and lastly, seasonal industry factors, as summer is traditionally a slow investment period. (Cointelegraph)