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According to Golden Ten Data, European stocks opened broadly lower. The Euro Stoxx 50 Index fell by 1.02%, Germany's DAX Index dropped 1.42%, the UK FTSE 100 Index declined 0.5%, Spain's IBEX35 Index fell 1.06%, and France's CAC40 Index decreased 0.89%.

Odaily reported that Tom Dunleavy, Head of Venture at Varys Capital, posted on X stating that over the past six months, the fundraising environment in the cryptocurrency market has changed dramatically. Previously, for VC to invest in good projects, they had to keep networking, create content, go on podcasts, participate in Space, promote their investment logic, and make countless calls every week... But now, as long as you still have capital to deploy, that's enough. Now, projects are “pushed in front of VCs,” and VCs don’t have to actively search for them—as long as others know you have funds, projects will proactively reach out to you. Most VC firms are now in one of three states: already out of funds, shifting to later-stage deals (Series A and beyond), or currently fundraising (but not very successfully). Fundraising that used to be completed in 2–3 weeks now often drags on for 2–3 months. Those with questionable business models, or projects simply copying the latest hype narrative, are no longer getting new or follow-on funding (which is a good thing). There are likely fewer than 20 firms in reality still doing pre-seed/seed round investments. VCs can basically take their time selecting the projects they want to invest in, and have more time for due diligence. The investment cycle for 2025 and 2026 is likely to become a historically significant “golden opportunity,” provided the VCs can persist and stay in the game.

Glonghui April 13丨BMO Capital has lowered BlackRock's target price from $1,300 to $1,200, but still maintains an "outperform" rating.