I read from Bloomberg that ParaFi has raised $125 million for its new crypto fund. The market is so low, yet they dared to establish such a fund, which is interesting. Being able to raise this much money to launch a crypto fund despite the market downturn is, in my opinion, a serious move.

So, the crypto market is currently a bit tough, but investors still show confidence in this sector. ParaFi's step indicates that crypto fund strategies are still alive. Usually, these times are when long-term players take action.

$125 million is definitely not a small amount. Seeing such moves in the crypto fund market proves how dynamic the industry is. What do you think, can these kinds of investments save the market?