Galaxy: MGX's single investment in Binance accounts for 40% of Q1 cryptocurrency financing

According to BlockBeats, on May 3rd, Galaxy Digital reported that the total amount of venture capital in the cryptocurrency industry reached $4.9 billion in the first quarter of 2025, an increase of 40% compared to the previous quarter, the highest since the third quarter of 2022. More than 40% of the funds (approximately $2 billion) came from a single investment in Binance by Abu Dhabi sovereign fund MGX. American companies continue to lead with 38.6% of transaction volume, with financing mainly concentrated in the areas of trading platforms, DeFi, and infrastructure.