a16z raises $2.2B for new fund backing stablecoins, prediction markets
Andreessen Horowitz’s crypto investment arm said its new fund would seek to back projects that “people keep using when the hype fades.”...
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Strategy could sell Bitcoin ‘just to inoculate the market’ — Michael Saylor
Michael Saylor's MicroStrategy signals potential Bitcoin sales to "inoculate" markets against panic, reversing its long-held never-sell stance. The firm posted $12.5 billion Q1 net losses amid Bitcoin's 23.8% quarterly decline but holds 818,334 BTC worth $66.7 billion. Saylor aims expanding Stretch perpetual preferred stock into a major credit instrument, with neobanks potentially offering 8% Bitcoin-backed yield accounts soon.
OKX joins crypto’s pre-IPO frenzy with OpenAI, SpaceX perpetual futures
Crypto exchanges are increasingly competing to offer retail traders exposure to Silicon Valley’s most valuable private firms, despite the products conferring neither equity ownership nor shareholder rights....