Traditional finance gains crypto market pricing power, HashKey Capital says

By Public Technologies
  • HashKey Capital’s Q3 2026 analysis found renewed institutional demand for bitcoin, while strategic investors gained influence over crypto funding valuations.
  • Crypto startups raised approximately $2.62 billion across 152 rounds; funding fell 25.5% quarter over quarter, with deal counts down 12.1%.
  • Strategic rounds captured 37.8% of disclosed funding, while Series A/B deal counts dropped 45% year over year.
  • US spot bitcoin ETFs attracted approximately $2.56 billion in September through September 24, signaling renewed institutional allocation.
  • Stablecoin competition shifted toward licenses, deposits and distribution, as traditional financial institutions acquired stakes in trading and market infrastructure.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HashKey Capital published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.