According to CoinMeta, in October 2026, the amount of venture capital financing in the crypto industry reached $1.65 billion, more than doubling from September, mainly driven by the prediction market platform kalshi completing a $1 billion Series G financing round. Excluding kalshi, the financing amount for the remaining projects was $651 million, which is lower than the industry's total of $665 million in September. In October, there were 46 financing rounds completed across the industry, with seed rounds and pre-seed financing increasing by 8% to $123 million. The payment sector was the most active in financing, with a total of $342 million raised, of which whop received $200 million in financing. The RWA sector raised a total of $137 million, while spiko and meanwhile received $90 million and $37.5 million in financing respectively. A total of 155 institutions participated in financing in October, a 16% increase from September. tether participated in 4 financing rounds, and sequoia and capital each participated in 3 rounds and led all of them. Excluding the top two financing projects of the month, the remaining financing amount was $451 million, which is roughly the same as September's $455 million. In October, the crypto industry disclosed 13 mergers and acquisitions transactions.