Hong Kong Crypto Exchange HashKey Raises $100M, Reaches $1.2B Valuation

In October, CoinDesk reported that crypto fundraising in the third quarter of 2023 reached a three-year low of $2.1 billion across 297 deals, the smallest since Q4 2020, amid an industry downturn exacerbated by FTX’s collapse, with a shift in focus towards early-stage and infrastructure projects.

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