Cryptocurrency infrastructure provider Transak founder Sami Start stated that the difficulty for crypto startups to secure venture capital has significantly increased in the current cycle, with funds heavily concentrated in projects with real use cases and compliance frameworks such as stablecoin infrastructure and payments. According to DefiLlama data, despite the challenging overall funding environment, crypto startups completed approximately $197 million in funding this week, mainly focused on projects like Startale Labs, Ledger, and Tazapay. In the previous bull market cycle, crypto startups could easily achieve high valuations and funding based solely on concept hype and grand narratives. (DL News)