PANews reported on January 1 that according to The Block, Hack VC expects more large-scale acquisitions to occur in 2025 because web2 companies interested in cryptocurrencies may return as the bull market continues. Ed Roman, co-founder and managing partner of Hack VC, said that these Web2 buyers have not taken action in the past few years due to the collapse of NFT and FTX, but they are expected to return as cryptocurrencies enter a bull market again. In addition, since these companies generally lack expertise or technology in encryption, it is easier to acquire some companies than to develop them themselves. He also pointed out that in the current bull market, crypto startups have found it easier to raise funds, reducing the number of startups that are "forced to exit" due to running out of funds. Instead, acquisitions in 2025 may focus on deals that accelerate growth.