# VC İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "VC" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Three Months of Raising $6 Billion in Funding: What Are the Leading Crypto VCs Betting On?

While the crypto bear market persists, top-tier venture capital firms are making significant moves by raising massive new funds, signaling a strategic bet on the industry's future. Haun Ventures and a16z recently announced funds totaling $1 billion and $2.2 billion, respectively. This follows other major raises from firms like Dragonfly, Paradigm, ParaFi, and Blockchain Capital. In under three months, these six VCs have amassed over $6 billion in fresh capital, a clear example of counter-cyclical investing during a quiet market phase. The fundraising landscape highlights a sharp divergence between large and small VCs. Many mid-sized and smaller funds are struggling with poor returns, limited exit options, and difficulty raising new capital, leading some to scale back or exit. In contrast, leading firms are strengthening their dominance due to structural advantages: superior access to high-quality deals, the ability to invest across all stages, greater capacity for long-term bets and risk, and stronger negotiation power. These new funds are largely converging on key investment themes. The strongest consensus centers on next-generation on-chain financial infrastructure, including stablecoins, real-world asset (RWA) tokenization, prediction markets, and on-chain payments. VCs are focusing on projects with validated demand that can attract traditional finance flows. Another major focus is artificial intelligence (AI), particularly AI agents, as crypto seeks to position its open, composable networks as foundational infrastructure for the emerging AI economy. Ultimately, this wave of bear-market fundraising is a strategic wager on the next cycle. By deploying capital when valuations are lower and market noise is reduced, these top VCs aim to identify and back the foundational projects that will define the industry's future, betting on which companies will become the next generation of leaders.

marsbit05/08 05:49

Three Months of Raising $6 Billion in Funding: What Are the Leading Crypto VCs Betting On?

marsbit05/08 05:49

VCs on 2025 Crypto Investments: 84% of 118 Tokens Break Issue Price, Only One Type of Company is Quietly Making Money

Crypto investor Ching Tseng categorizes the market into four quadrants based on two axes: crypto-native vs. traditional finance (TradFi)-oriented, and having traction vs. no traction. In 2025, 84.7% of 118 tracked token launches fell below their issuance price, with a median fully diluted valuation drop of 71%. Crypto-native projects without traction are experiencing massive capital destruction, often relying on speculative narratives without sustainable revenue or user retention. Crypto-native teams with traction, often built in prior cycles, generate real revenue but face structural challenges with their tokens lacking direct value capture mechanisms. While some have implemented successful buyback programs, the core issue remains finding growth beyond crypto volatility. TradFi-oriented startups without traction face long, costly enterprise sales cycles but benefit from a robust M&A environment, with crypto acquisitions reaching a record $8.6 billion in 2025. The current winners are TradFi-oriented companies with traction, particularly in the Real World Asset (RWA) tokenization space, which grew from $5.5B to $18.6B in 2025. They are winning through enterprise sales, building alliances, and improving unit economics on established compliance stacks. Their main risk is being bypassed by large incumbent institutions building their own infrastructure. The overarching theme is market maturation, where narrative alone is insufficient for long-term success.

marsbit04/22 03:44

VCs on 2025 Crypto Investments: 84% of 118 Tokens Break Issue Price, Only One Type of Company is Quietly Making Money

marsbit04/22 03:44

When Top Crypto VCs Are Shrinking Across the Board, Why Has This Firm Grown by 150%?

In a declining crypto market where top venture capital firms like Paradigm, Pantera, a16z crypto, and Multicoin saw significant reductions in assets under management (AUM), Haun Ventures stood out with a 150% growth, increasing its AUM from $1 billion to $2.5 billion by 2025. Founded by Katie Haun, a former federal prosecutor and a16z crypto veteran, the firm combines regulatory insight with investment discipline. Initially investing heavily in NFTs during the 2022 hype, Haun Ventures quickly pivoted as the bubble burst, adopting a cautious approach with only six investments over the following 18 months. The firm balanced its portfolio between digital tokens and traditional equity, allocating about 30% to liquid tokens like Bitcoin and Ethereum, which contributed significantly to returns as Bitcoin’s price surged. By 2024, Haun Ventures shifted focus to B2B solutions in payments and developer infrastructure, leading over 56% of its investment rounds—the highest rate among top VCs. This strategy paid off with several high-multiple exits via acquisitions, such as Bridge (acquired at $1.1 billion from a $200 million valuation) and BVNK (acquired at $1.8 billion from a $750 million valuation). The firm’s success is attributed to its regulatory foresight, adaptive strategy, high-conviction lead investments, and emphasis on real-world utility and exit efficiency—making it a standout performer during the crypto downturn.

marsbit04/20 10:32

When Top Crypto VCs Are Shrinking Across the Board, Why Has This Firm Grown by 150%?

marsbit04/20 10:32

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