Crypto VCs have raised more than $2.2 billion this year as of August

According to PitchBook data, as of August, crypto venture capital firms have raised more than $2.2 billion through closed-end funds this year. In the past few weeks alone, at least six venture capital firms have raised more than $500 million, including ParaFi Capital's $120 million fund, Borderless Capital's $100 million fund, Hack VC's $77 million fund, and Robot Ventures' $75 million fund. In addition, several funds are actively seeking new capital this year. According to Bloomberg, Dragonfly Capital is seeking to raise $500 million for its new fund and has already raised half of that amount. (The Block)