[Data: Crypto Sector Funding Reaches $1.65 Billion in October, Kalshi Dominates 61%] According to CryptoRank data, as reported by BlockBeats on November 9th, venture capital funding in the crypto sector reached $1.65 billion in October 2026, more than double that of September. This was primarily driven by prediction market platform Kalshi's completion of a $1 billion Series G funding round. Excluding Kalshi, the remaining projects raised $651 million, lower than the industry-wide $665 million in September, indicating that the funding recovery was mainly concentrated in a few large deals. A total of 46 funding rounds were completed in October, only slightly higher than the 44 rounds in September, and far lower than the 116 rounds in the same period of 2025. Seed and Pre-Seed funding increased by 8% to $123 million, with 20 rounds completed. The payments sector was the most active in funding, with 12 deals totaling $342 million, including $200 million raised by Whop. The RWA sector raised $137 million, with Spiko and Meanwhile raising $90 million and $37.5 million respectively. Institutional participation rebounded for the second consecutive month, with 155 institutions participating in funding rounds in October, a 16% increase from September, but still significantly lower than the 353 institutions participating in the same period last year. Tether participated in four funding rounds, making it the most active institution that month; Sequoia Capital participated in three rounds, leading all of them. Funding concentration remained high, with Kalshi accounting for 61% of total venture capital investment that month, and the top ten funding rounds accounting for 91% of total funding. Excluding the top two funding rounds of the month, the remaining funding amounted to $451 million, roughly the same as the $455 million raised in September. In addition, 13 M&A deals were disclosed in the crypto industry in October, one more than in September, but the amounts for all deals were not disclosed. [Original Link]