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Crypto VC money is still moving — but the direction matters. $292.35M flowed into 10 crypto/blockchain deals from Aug 31–Sep 5, with ~93% targeting payments and banking infrastructure. The bigger signal: capital is backing stablecoin rails, tokenized deposits and regulated financial infrastructure. Tokens to watch: $USDC , $XLM, $LINK , $AAVE , $ETH This looks less like speculation and more like infrastructure positioning.