Cryptocurrency weekly fundraising hits a new record of $3.5 billion

Jinse Finance reported that last week, cryptocurrency financing reached a historic high, with 28 rounds of fundraising raising a record $3.5 billion. Data released by Cryptorank on Monday showed that from October 6 to 12, weekly financing reached its highest point ever, surpassing all previous peaks, including nearly $3 billion raised from July 28 to August 3. Previously, financing had remained below $1 billion for seven consecutive weeks, marking a significant recovery in investor confidence. According to Cryptorank data, blockchain services dominated last week's fundraising activities. Of the 28 rounds recorded from October 6 to 12, 12 were for blockchain service providers, making it the most active sector. Pantera Capital was the most active investor last week, participating in four deals: two involving blockchain services, and the others involving CeFi and social enterprises.