PitchBook: global VC funding for crypto startups fell to $2.4B in Q1 2023, down 80% from an all-time high of $12.3B in Q1 2022 and the lowest level since 2020 (Hannah Miller/Bloomberg)

Hannah Miller / Bloomberg:
PitchBook: global VC funding for crypto startups fell to $2.4B in Q1 2023, down 80% from an all-time high of $12.3B in Q1 2022 and the lowest level since 2020  —  Venture capitalists are continuing to pull back from crypto, an industry that's been plagued by scandals, a market downturn and regulatory uncertainty.