In March 2024, the cryptocurrency venture capital space saw a significant increase in activity, with a total of 180 publicly announced investment projects, marking a 24.1% rise from February 2024. The total financing amount reached $1.16 billion, up 52.6% from February 2024. Meanwhile, AI startups raised over $6.4 billion across more than 170 rounds, an increase from $5.1 billion in February. However, the broader U.S. venture capital landscape experienced a downturn in the first quarter of 2024. Deal activity hit a five-year low, with U.S. venture capital investments falling 29% to $36.6 billion, the lowest since 2017. This slowdown is part of a larger trend, as global venture capital firms raised $30.4 billion in Q1 2024, indicating a move away from the era of 'megafunds'.