2024

Monad

Million

Billion

<ul class="wp-block-list">
 <li>In Q2, 2024 total crypto funding reached $2.83 Billion in 431 rounds, according to data from Rootdata.&nbsp;</li>
 <li>Iris Energy, a Bitcoin miner, has secured the highest funding of $413 Million in YTD.&nbsp;</li>
 <li>HUT 8, mining secured $150 Million in funding to bolster its data center capabilities for artificial intelligence (AI).&nbsp;</li>
</ul>
Every year, thousands of corporations and startups enter the cryptocurrency market. Investors’ increasing interest in digital assets pushes this wave in company registrations, leading to a significant increase in new market entrants.
According to data from Rootdata(dot)com in Q2, 2024, the total funding raised was $2.83 billion in around 431 rounds. However, till writing, the total funding raised in the third quarter is $1.1 Billion from 111 funding rounds.&nbsp; Source: Rootdata(dot)com 
In YTD (year-to-date), Iris Energy, a Bitcoin miner, has secured the highest funding of $413 Million to boost its mining activities. The funding was raised in a post-IPO equity round; its primary investors include Hive Empire Capital and NYDIG.
Specifically, in 2024,&nbsp; cryptocurrency miners seem to be raising funds for their expansion in the mining sector. In June 2024, HUT 8, a popular bitcoin, announced that it had secured $150 Million in funding to bolster its data centre capabilities for artificial intelligence (AI).&nbsp;
Coatue Management led the funding round. It has also invested in projects like Dapper Labs, CertiK, and Starknet. As per Rootdata, the investment firm has funded 19 projects and has been a lead investor in 14 funding rounds.&nbsp;
In Q2, 2024, <a href="https://news.todayq.com/ton-network-restores-after-second-dogs-memecoin-driven-outage/" target="_blank" rel="noopener noreferrer nofollow">Monad Labs</a> gathered $225 million in funding, including Electric Capital and Greenoaks, led by Paradigm. Monad aims to develop a layer 1 blockchain to challenge opponents like Solana and others.&nbsp; Investors With Most Investment in Crypto 2024 
Since the beginning of 2024, Animoca Brand has participated in 65 funding rounds, and it recently invested in Lukka, a New York-based global blockchain data provider.&nbsp;
On August 21, Fanton Fantasy Football, a blockchain-based fantasy sports platform, secured $1 million in the seed funding round, supported by Animoca Brands &amp; Delphi.&nbsp;
Cogitent Ventures has invested in dozens of startups since the beginning of 2024, including Credbull, Wincast, Monad Pad, STAGE, and XProtocol. The list of leading investors also includes Coinbase Ventures, Hashkey Capital, Amber Group, DWF Labs, and many others.&nbsp;&nbsp;&nbsp; Crypto Market Price Update&nbsp; 
At the time of writing, the <a href="https://news.todayq.com/crypto-mining-stocks-fall-as-market-volatility-continues-to-grow/" rel="noopener noreferrer nofollow">cryptocurrency </a>market capitalization was $2.11 Trillion with an intraday bleed of 1.20%. The market cap fell over 11% in the past 30 days and 15.41% in a quarter simultaneously.&nbsp;
Bitcoin lost 1.54% of its trading price in the past 24 hours, reaching $60,314; its intraday trading volume also decreased by over 23%. It is crucial to note that since January 2024, the market dominance of BTC has surged and reached 57.01% as of writing.&nbsp;
Ethereum prices continued to tumble below $2,700 until it was published that it was trading at $2,560, with a loss of 3.24% in a week. However, its trading volume declined 25.62%, reaching $16.43 billion.&nbsp;
Helium (HNT) is the topper of the intraday gainers’ list as its price surged 8.25%, reaching $7.35, followed by Toncoin (TON), which grew more than 3.50%. In the broader market, there are speculations the release of the arrested Telegram founder fuels the boost in TON price.&nbsp;
Dogs (DOGS), a recently debuted memecoin, has captured huge attention from investors; in a few days, it became the 7th most traded crypto intraday. The recent connection over TON Network originated due to surging demand and trading of DOGS.&nbsp;

Crypto Investment Boom: $2.83B in Q2, Iris Energy Tops List

Todayq News

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