In May, the crypto market completed only 62 rounds of financing, with a total amount of US$909 million.

Odaily News In May 2025, the volume of cryptocurrency venture capital transactions fell to the lowest level of the year, with only 62 rounds of financing completed, a new low since January 2021. Although the number of financing rounds decreased, the total amount of financing still reached US$909 million, making it the second largest month of financing this year, second only to the 78 rounds of US$2.89 billion in March. Market analysts pointed out that the cooling of investment was mainly affected by three factors: first, the volatility of cryptocurrency market prices. Bitcoin continued to fluctuate after reaching its peak in January, and in late May, the volatility was exacerbated by the uncertainty of tariff policies; second, the macroeconomic environment. The Federal Reserve maintained a high interest rate policy, which led to general pressure on risky assets; and finally, the seasonal factors of the industry. Summer is traditionally an off-season for investment. (Cointelegraph)