My gut reaction to this was "Duh, the money is in AI now, leaving less for crypto".

Then I looked at the numbers.

TFA: $189M so far for 2026.

CNBC: $119M so far for 2024.

TFA has already surpassed the numbers for 2024! I don't know what to make of that other than a magnification of the ills in the American political system. And yeah, I'm sad crypto still has money even with all the snAIk oil going around. Turns out I don't really understand how money works at this scale.

Caveat lector: there's of course probably some explanation I missed. Like maybe we're counting firms that has double-dipped in crypto and AI.