Crypto Venture Capital Weekly Report May 19-25, 2025: Overview of Project Financing and Industry Developments

Summary of Crypto Venture Capital Activity This Week (May 19-25, 2025):

Background Information: A total of 26 projects raised $267 million this week.

Key Events:
- World Foundation completed a $135 million public token sale.
- Catena Labs closed an $18 million seed round.
- DePIN Pulse, Alchemy, and Apex Group drove M&A activities.
- Theta Capital launched a $175 million fund to support crypto-native venture capital firms.
- James Ho positioned Pendle as a leading stablecoin yield project.
- Emma Cui analyzed the trend of crypto venture capital resetting towards long-term fundamentals.
- Mads Mathiesen explored the trade-offs between scalability and decentralization with multiple concurrent proposers.

Potential Impact: These developments demonstrate active capital flow in the crypto sector and adjustments in investment strategies, reflecting market focus on long-term value and technological innovation.