Technical analysis by henryartem about Symbol BTC on 11/16/2023

BINANCE, COINBASE, AND KRAKEN ADAPT NEW VENTURE CAPITAL TACTICS AMID CRYPTO MARKET CHANGES Binance Labs now focuses on supporting startups with actual products and revenue, moving away from projects based solely on hype. Coinbase Ventures is shifting its investment focus towards startups outside the United States, particularly in India, Singapore, Australia, and the UK. Kraken Ventures observes that early-stage companies have valuations of about $10 million to $30 million, indicating sustained interest in new ventures despite broader market changes. Key players like Binance Labs, Coinbase Ventures, and Kraken Ventures are recalibrating their investment strategies in response to evolving market conditions, according to a Bloomberg report. This shift is characterized by a focus on sustainable investments and geographical diversification.