最新报道：According to Bijie.com, Michael Martin, director of Ava Labs' incubator Codebase, stated in an interview that venture capital firms are expected to invest up to $25 billion in crypto startups by 2025. He noted that a series of favorable events are creating a "perfect storm" of capital inflows into the crypto industry, including Circle's successful IPO, a market recovery, Stripe's acquisition of Privy, Wall Street's increased investment in blockchain, and the clarification of digital asset regulations. Martin believes these factors will instill greater investor confidence in early-stage, real-world blockchain companies. This week, 12 crypto projects secured funding totaling $121 million, bringing total funding raised so far in 2025 to $13.2 billion, a 40% increase over last year's full-year total and expected to surpass PitchBook's previous forecast of $18 billion. Martin's forecast aligns with that of Mike Giampapa of Galaxy Ventures. Both believe that former US President Trump's passage of the Genius Act and his push for Congress to consider additional crypto bills provide a clear, compliant path for financial institutions and tech companies to further engage in the digital asset sector. However, Martin also warned that if publicly listed crypto companies such as Circle and Coinbase perform below expectations, or if the macroeconomic environment deteriorates due to uncertainties such as the Trump administration's imposition of tariffs, it may affect investor confidence and delay the pace of capital deployment.