Crypto venture capitalists are increasingly focusing on projects with real revenue and robust risk management following a $500 billion market downturn in October. Ajna Capital's CIO, Eva Oberholzer, highlighted a shift towards prioritizing unit economics and treasury controls. Despite the volatility, high-quality startups in blockchain infrastructure and real-world asset tokenization remain attractive to investors. In the first week of November, crypto companies raised over $728.5 million, pushing 2025 funding to $22 billion, which is double the total for 2024. Notable funding rounds include Ripple Labs securing $500 million in a strategic round led by Fortress Investment Group, Canaan Inc. raising $72 million in equity funding, and Future Holdings obtaining $34 million to establish a Bitcoin treasury company in Europe.