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Investment capital to flow into crypto with added caution, says Mysten Labs CEO

According to Mysten Labs CEO Evan Cheng, investment capital will start flowing into the crypto market again, but with more caution and strategic planning. Cheng has been in talks with investors from the Gulf region and Asia who are interested in getting ahead of the game. He believes that traditional financial institutions are beginning to understand the potential of crypto and blockchain, and a more mature and merit-based market will emerge. However, venture investment in crypto startups has dropped significantly in the past year, with August recording the lowest level in over two years.

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