Venture capital inflows reached $1.1 billion in May, up 34.12% from April
Cointelegraph released its June research report, reporting that network activity remains very active despite a 7 % drop in BTC market cap in May. Due to advanced mining hardware, the network hash rate and difficulty has continued to rise, resulting in a new all-time high difficulty . the DeFi market has been heavily impacted by illegal activity, with the industry incurring $20 million in vulnerability losses in May . Venture capital inflows reached $1.1 billion in May, up 34.12 percent from April. web3 led the way with 24 deals and $170 million in funding. Infrastructure had 23 deals and raised $783.9 million, more than 68% of total funding in May. Crypto stocks posted a 7 % average monthly return, with Bit Digital being the top performer, up 76.75 %, while TeraWulf posted a 4.84 % decline.
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