In July, crypto funding surged to over $6 billion, marking a significant increase compared to June, according to Blockworks Research. This funding includes approximately $177 million from mergers and acquisitions (M&A), with 96 new financing announcements contrasted with just 12 M&A announcements. July outperformed March, previously the most successful month since 2021, highlighting a strong appetite for investments in the crypto space. Digital Asset Treasury (DAT) companies were especially prominent, generating considerable post-IPO equity. Most funding announcements were in the form of seed rounds or Series A rounds. Coinbase Ventures emerged as a leading investor, participating in 21 funding rounds. While July demonstrated robust growth following a sluggish May, the focus remains on whether this momentum will sustain into the typically weaker month of August. Overall, the data suggest a strong outlook for crypto IPOs and continued fundraising activity in the sector.

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