Binance, Polymarket lead as VCs deploy $25bn into crypto companies
Charles Chong, VP of strategy at crypto-native advisory firm BlockSpaceForce, told DL News that “the environment for crypto startups is shifting.”
Chong said that capital is rotating toward mature players whose revenue and unit economics justify valuation.
“None of this signals weakness; it simply reflects a market that is normalising and maturing,” he said, adding that raises are “becoming more rational, more aligned with fundamentals, and less driven by reflexive speculation.”