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OverviewAPI
VC investment in the cryptocurrency industry plummeted in 2023 due to scandals and regulatory issues, reaching $9.5 billion, a 46% decrease from the previous year. Notable cases of fraud and money laundering involving FTX and Binance contributed to the industry's decline. However, Tres Finance secured $11 million in Series A funding, while the approval of bitcoin ETFs and the anticipated IPO of Circle Internet Financial offer a glimmer of hope for the industry's future.

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