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Talent flocks to AI but ‘frothy’ market turns off VCs: Dragonfly Capital

[today 10:06 AM] Dragonfly Capital general partner Tom Schmidt urged crypto projects to consider whether they need venture capital funding. 

Dragonfly Capital Aims to Raise $500M Fund: Bloomberg

[yesterday 3:28 PM] Dragonfly closed its third fund, worth $650 million, in April 2022, shortly before the onset of the crypto bear market.

MegaLabs, Behind the 'Real-Time' Blockchain, Raises $20M, Led By Dragonfly

[Jun 27 10:00 AM] The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.

Crypto Principal Trader Arbelos Markets Raises $28M Led by Dragonfly Capital

[May 8 6:25 AM] Before starting Arbelos Markets last year, Tang served as chief investment officer at quantitative digital asset investment firm LedgerPrime while Lim was head of trading strategy at Galaxy and head of derivatives at now-defunct crypto lender…

'DePIN' Is Venture Capitalists' Latest Crypto Obsession. Can It Match the Hype?

[Apr 16 10:20 AM] Already a multi-billion-dollar sector of the crypto industry, the DePIN narrative is a promising one, according to experts.

Ether-Based Crypto Dollar Issuer Ethena Raises $14M, Opens Access to Public

[Feb 16 7:32 AM] Ethena's USDe "synthetic dollar" is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S.

Ethena Raises $6.5 Million to Develop an Ethereum-Based, Banking System Independent Stablecoin

[Jul 21, 2023 1:30 AM] Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena’s decentralized stablecoin product in Q3…

DeFi Needs More Than ‘Synthetic High-Yield Products’: Dragonfly’s Haseeb Qureshi

[Apr 28, 2023 3:33 PM] The venture capitalist discusses non-ZIRP monetary policy, rebooting crypto’s market structure and why Ponzi bubbles always burst.

Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi

[Mar 23, 2023 12:00 AM] On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance…

Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder

[Feb 26, 2023 11:30 AM] On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of Tron. Liquid…

If Any Crypto Will Reach $1 Trillion, It’s Ethereum, Not Bitcoin: Dragonfly Capital

[Jan 19, 2023 10:20 AM] Based on the year-to-date performance and their drawdown from their all-time highs (ATHs), Bitcoin (BTC) and Ethereum (ETH) have performed very similarly. While BTC has risen by 25.5% since the beginning of the year, ETH has climbed by about 27%…

Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round

[Nov 30, 2022 3:00 AM] Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at…