According to a report by CB Insights, in November alone, venture capital funds for the crypto sector have exceeded US$3 billion. The US$2.5 billion venture fund established by the crypto-investment firm Paradigm is the largest cryptocurrency venture fund in history. In addition, GRIID, a Bitcoin mining infrastructure company, obtained a credit line of US$525 million from Blockchain.com, plus Gemini raised US$400 million at a valuation of more than US$7 billion. At the same time, Binance.US may also end a financing round of hundreds of millions of dollars in the next few months. Binance CEO Changpeng Zhao confirmed market speculation in an interview with Bloomberg.
Source: Coin Gape
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