Crypto Startups Raise $201.4M, Focus Shifts to Infrastructure

Crypto startups raised $201.4 million last week, with a significant portion directed towards infrastructure, including Futureverse's metaverse and RISC Zero’s ZK tools. Michael Moro, former CEO of Genesis, now leads Ankex derivatives exchange. Google Cloud is further supporting Web3 initiatives by providing funding to builders. Despite this, Bitcoin experienced a 3.1% drop amid a broader risk off sentiment following recent jobs data.