China’s ABCDE Fund Halts New Web3 Investments Amid Market Shifts

China-based investment firm ABCDE has announced a strategic shift in its Web3 approach, pausing new investments and fundraising for its second fund. This decision reflects the complex regulatory landscape of the crypto market in China, which has seen tightened restrictions on cryptocurrency trading and mining activities. The firm’s commitment to existing projects suggests a move toward more focused engagement within the Web3 ecosystem, prioritizing long-term value creation over rapid scaling. ABCDE’s strategic pivot could signal a broader industry trend towards a more mature and strategically driven approach to Web3 investments in the region.