Andreessen Horowitz raises $2.2 billion in a new fund, saying crypto fundamentals are at an 'all-time high'

Standard Chartered's venture arm SC Ventures invested $150 million in crypto market maker GSR at a $1 billion-plus valuation, marking GSR's first external funding since 2013. The partnership aims to bridge traditional finance and digital assets while expanding tokenized services. This deepens Standard Chartered's crypto push following its custody and spot bitcoin/ether trading launches, strengthening institutional crypto infrastructure globally.

Coinbase is cutting 14% of its workforce—roughly 660 employees—citing a crypto market downturn and AI-driven operational efficiency gains. CEO Brian Armstrong stated AI enables small teams to ship products dramatically faster, allowing the company to restructure for leaner operations. U.S. employees receive minimum 16 weeks base pay plus severance. Other major crypto firms including Crypto.com and Algorand have announced similar layoffs this year.

Net realized profits hit a one-month high of $207.56 million Sunday as bitcoin crossed $80,000 for the first time since January, with the price holding above the breakout level into Tuesday despite the heavy sell-side flow....