【Galaxy Digital: Cryptocurrency industry investment in Q3 was $2.4 billion, down 20% from the previous quarter】 October 17, according to CoinDesk, Galaxy Digital's latest report shows that global cryptocurrency startup investment in the third quarter of 2024 was US$2.4 billion, down 20% from the previous quarter, and the number of investment transactions decreased by 17%. Alex Thorn, head of research at Galaxy Digital, said that the high interest rate environment, the launch of spot crypto ETFs, and the shadow of the industry collapse in 2022 are still affecting the decision-making of institutional investors.In the first three quarters of this year, the crypto industry received a total of US$8 billion in investment, and the full-year financing scale is expected to be basically the same as in 2023, far lower than the level of more than US$30 billion per year in 2021 and 2022. Despite this, Thorn pointed out that the ETF-driven market rally is intensifying competition among venture capital institutions, which is conducive to entrepreneurs getting better valuation conditions. The report shows that 85% of the funds flowed to early-stage projects, and exchanges, lending and trading platforms attracted the most investment, about $460 million. The United States is still the main source of investment, accounting for 56% of the total investment. Projects combining encryption and artificial intelligence received about $270 million in investment, a five-fold increase from the previous quarter.