According to data released by a Messari analyst on the X platform, total cryptocurrency industry financing in the second quarter of 2025 was $5.000 billion, down 20% from the previous quarter. The total amount of the six largest financing events of the year reached $5.400 billion, exceeding the total number of financing rounds in the quarter. The 10 largest financings in the second quarter raised a total of $2.900 billion, accounting for 57% of the quarter's total financing activity. The number of active investors decreased by 35% month-on-month to only 1,000, the lowest level of quarterly investor participation since the fourth quarter of 2020. Coinbase Ventures was the most active investment institution in the second quarter, participating in 25 financing transactions, more than double the number in the first quarter of 2025 (12 transactions). [Odaily Planet Daily]