According to CryptoRank, the total financing of the cryptocurrency industry in the second quarter of 2025 exceeded $10 billion, setting a new high in three years. The new US government has introduced more friendly encryption policies to promote market activity. The proportion of late stage financing has increased, IPO、 Mergers and acquisitions and other transactions are frequent, and the industry is moving towards maturity. Securitize, Kalshi, World, World Liberty Financial and other projects have received significant financing. Circle has successfully gone public, with its stock price rising more than 5 times, marking a further integration between the cryptocurrency industry and traditional finance. Analysis suggests that with continuous regulatory optimization, emerging tracks such as RWA and AI, as well as traditional financial institutions, are accelerating their entry, and high-quality projects will continue to be favored by capital.
