[April Crypto Market VC Funding Plummets 74% Month-on-Month to $659 Million, Hitting Lowest Level Since July 2024] According to a report by Jinse Finance, venture capital funding in the crypto market cooled significantly in April, with total funding dropping to $659 million—a 74% decrease compared to March's $2.6 billion—marking the lowest monthly level since July 2024. A total of 63 funding rounds were completed in April, including 12 rounds in the DeFi sector, 8 rounds for blockchain services and AI-related crypto projects, and 4 investments involving the venture capital arm of market maker GSR. Institutions such as Y Combinator, Tether, and Coinbase Ventures maintained a certain level of investment activity.