# Сопутствующие статьи по теме VC

Новостной центр HTX предлагает последние статьи и углубленный анализ по "VC", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Pantera: The Year of Ups and Downs in 2025, The Projects We Invested In

Pantera Capital's 2025 Investment Report highlights a record year with 31 investments, 85% of which were led by the firm. Four portfolio companies went public, reaching a combined market cap of ~$33 billion. Key investment areas included Infrastructure (38.71%), Internet Capital Markets (16.3%), Stablecoins (12.9%), Consumer (12.9%), AI & Robotics (12.9%), and Enterprise Solutions (6.45%). Geographically, 64.52% of investments were in North America. The year saw significant developments like $46T in stablecoin volume, BlackRock’s IBIT surpassing $100B AUM, and increased regulatory clarity. Pantera emphasizes that 2025’s volatility helped distinguish real value from hype, setting the stage for a stronger 2026.

marsbit01/19 08:38

Pantera: The Year of Ups and Downs in 2025, The Projects We Invested In

marsbit01/19 08:38

Crypto Startups Raise $588M in Early 2026 as Institutional Investment Returns

In the first two weeks of January 2026, crypto startups raised $588 million, signaling strong institutional interest in the sector. Major investors like Arthur Hayes, Paradigm, and YZi Labs are directing capital toward scalable, low-risk infrastructure rather than speculative projects. Funding is concentrated in areas such as payment systems, trading platforms, and privacy technology, with a focus on developing institutional-grade tools for banks and financial firms. Key beneficiaries include Rain, a stablecoin payments startup that raised $250M; Alpaca, a trading API provider that secured $150M; and ICEx, an Indonesian exchange that raised $70M. The trend highlights growing demand for privacy solutions and regulated services, underscoring a shift toward practical infrastructure over hype-driven investments.

TheNewsCrypto01/17 11:53

Crypto Startups Raise $588M in Early 2026 as Institutional Investment Returns

TheNewsCrypto01/17 11:53

Farewell to 'Storytelling' for Funding: What Kind of Projects Can Survive Beyond 2026

Title: Beyond Storytelling: What Projects Will Survive Beyond 2026 The venture capital landscape in crypto has fundamentally shifted. In 2025, top market maker and investor Wintermute Ventures approved only 4% of the 600 projects it reviewed. This reflects a broader trend: total crypto VC deals plummeted 60% from 2024, with capital concentrating heavily in later-stage rounds (56% of total funding). The driver is a radical change in market structure. Institutional capital now dominates (75% of liquidity), but it is largely trapped in major assets like BTC and ETH. The altcoin narrative cycle collapsed from 61 days to just 19-20 days, leaving little time for money to flow to smaller projects. The traditional four-year bull cycle is broken; a 2026 recovery requires a major catalyst. Consequently, VC investment logic has moved from "spray and pray" to a survival-of-the-fittest model. Funding now targets projects that can prove viability from the seed stage. Key requirements for survival include: 1. **Hard Proof of Product-Market Fit:** Real data points are mandatory, such as 1,000+ active users or $100k+ in monthly revenue, with a DAU/MAU ratio above 50%. 2. **Capital Efficiency & Default Alive Status:** Startups must achieve "default alive" status, with monthly burn not exceeding 30% of revenue. Large, cash-burning teams are untenable. 3. **AI Integration & Technical Sophistication:** AI is no longer optional; it's essential for reducing development cycles and optimizing operations. Privacy tech like zero-knowledge proofs is critical for compliance, especially in RWA tokenization. 4. **Liquidity & Exchange Compatibility:** Projects must plan their exchange listing path from day one, ensuring compatibility with institutional liquidity channels like ETFs. For investors, the mandate is clear: adapt or fail. The new standard is not "how big the story can be" but "can this project prove its ability to generate revenue from seed." Investment must focus on AI-crypto fusion, compliance, and emerging markets. The era of betting on narratives is over; execution and sustainable profitability are now the only metrics that matter.

marsbit01/16 09:13

Farewell to 'Storytelling' for Funding: What Kind of Projects Can Survive Beyond 2026

marsbit01/16 09:13

From "Heaven-Sent Public Chain" to "Heaven-Forsaken Public Chain": What Led to the Collapse of Berachain?

Once hailed as a "top-tier public chain," Berachain has seen a dramatic decline, with its new nickname "doomed chain" reflecting its severe downturn. Launched in February 2025 with an innovative Proof-of-Liquidity (PoL) consensus mechanism aimed at boosting DeFi efficiency, the project initially attracted significant interest. Its TVL surged to $3.3 billion, with over 140,000 active addresses. However, the ecosystem quickly deteriorated. TVL has since collapsed to $180 million, and the chain’s daily revenue dropped to just $84. The sharp decline is attributed to several critical issues. The tokenomics heavily favored venture capitalists (VCs), who received 34.31% of the total token supply, while retail participants received minimal allocations. This high Fully Diluted Valuation (FDV) and low circulating supply model led to artificial price spikes followed by a steep crash—BERA fell from a high of $9 to around $0.7, a drop of over 90%. Internal challenges also mounted. The foundation cut most of its retail-focused marketing team and saw key developers, including the chief developer, leave. Community trust eroded further when a Balancer protocol vulnerability forced a network halt in November 2025. Additionally, major token unlocks are scheduled starting February 2026, with 12.16% of supply—including significant VC holdings—set to be released, likely increasing selling pressure. Despite attempts at strategic shifts, including a partnership to use BERA as a reserve asset, the project faces intense community criticism and a loss of developer interest, with many moving to competing chains. The foundation has admitted that its "retail-first" strategy was ineffective, and if given another chance, it would not have sold so many tokens to VCs.

比推01/15 15:24

From "Heaven-Sent Public Chain" to "Heaven-Forsaken Public Chain": What Led to the Collapse of Berachain?

比推01/15 15:24

Cardano Lines Up An $80 Million War Chest: DDC Fund Goes Live

The Cardano Foundation has proposed an on-chain action to allocate up to $75 million from its treasury to the new Cardano x Draper Dragon Ecosystem Fund (DDC Fund), targeting a total of $80 million with external investment. Managed by Draper Dragon, the fund will invest in Cardano-native startups over six years, aiming to generate returns for the treasury and boost ecosystem growth. Financial targets include a 3x return on capital and a 25%+ IRR, with goals to increase Cardano's total value locked (TVL) from $300 million to over $3 billion. The proposal includes a transparent governance structure and a buffer for ADA price volatility.

bitcoinist01/14 17:02

Cardano Lines Up An $80 Million War Chest: DDC Fund Goes Live

bitcoinist01/14 17:02

From Crypto Giant to National Gambler: How a16z's $15 Billion Bets on America's Future

a16z, a leading venture capital firm, has raised $15 billion in new funding, accounting for nearly 20% of all VC fundraising in the U.S. in 2025. The funds will be allocated across several sectors: $6.75 billion for growth-stage companies, $1.7 billion each for applications and infrastructure, $700 million for biotech, and $1.176 billion for "American Dynamism"—a theme focused on revitalizing U.S. manufacturing, particularly in defense technology. This defense-focused investment includes companies like Anduril, Shield AI, and Castelion, which develop advanced weapons systems and drones, primarily for the Pentagon. a16z is betting on modernization gaps in the U.S. defense industry and leverages its political connections, including ties to the Trump administration, to influence policy and secure contracts. While crypto investments are now categorized under a broader "other" segment, a16z remains committed to the space, viewing it as critical infrastructure alongside AI and defense. The firm’s strategy combines high-conviction bets during market downturns with extensive resource-building—including media influence and government relationships—to create a durable competitive advantage. However, this approach also ties its success to U.S. geopolitical and economic trends, making it a high-stakes wager on America’s future.

比推01/13 13:25

From Crypto Giant to National Gambler: How a16z's $15 Billion Bets on America's Future

比推01/13 13:25

Standard Chartered To Launch Crypto Prime Brokerage Through VC Unit – Report

Standard Chartered is reportedly planning to launch a cryptocurrency prime brokerage through its venture capital unit SC Ventures, according to a Bloomberg report. The initiative, still in early stages, would expand the bank’s digital asset offerings and operate under the previously announced Project37C joint venture, which focuses on custody, tokenization, and market access. This move aligns with the bank’s growing involvement in crypto, including backing custodians, offering Bitcoin and Ethereum trading, and partnering with platforms like OKX and Coinbase. Launching the brokerage through its VC arm may help Standard Chartered navigate strict global banking capital requirements for crypto, which impose high risk charges on direct holdings. Global regulators are currently reviewing these rules, with the US leading calls for amendments ahead of their planned 2026 implementation.

bitcoinist01/13 07:32

Standard Chartered To Launch Crypto Prime Brokerage Through VC Unit – Report

bitcoinist01/13 07:32

Honored as the Annual Best Web3 Venture Capital Institution at the 12th "Hong Kong Stocks 100 Strong" Awards, HTX Ventures Deeply Empowers Hong Kong's New Web3 Financial Ecosystem

HTX Ventures, the global investment arm of Huobi HTX, was honored as the "Annual Best Web3 Venture Capital Institution" at the 12th "Hong Kong Stocks 100 Strong" Awards during the Hong Kong Wealth Management Summit on January 9, 2025. Alec, Head of HTX Ventures, participated in a roundtable discussion highlighting key investment trends, including yield-generating real-world assets (RWA) such as tokenized private equity and credit, AI-driven automated asset management compliant with SFC frameworks, and compliant stablecoins and payment gateways for cross-border trade. He emphasized the importance of architectural flexibility, sustainable competitiveness, and ecosystem integration in Web3 investments. Molly, Ambassador of HTX DAO, discussed the role of blockchain in RWA ecosystems, emphasizing its value in enabling transparent verification, automated settlements, and trust through smart contracts rather than mere asset tokenization. The award recognizes HTX Ventures' strategic focus on foundational Web3 infrastructure and real-world application integration. With over 11 years of experience and investments in more than 300 projects, HTX Ventures continues to support global blockchain innovation through funding, resources, and partnerships with leading funds and ecosystems.

marsbit01/13 02:19

Honored as the Annual Best Web3 Venture Capital Institution at the 12th "Hong Kong Stocks 100 Strong" Awards, HTX Ventures Deeply Empowers Hong Kong's New Web3 Financial Ecosystem

marsbit01/13 02:19

$15 Billion in Ammunition: What Is a16z Secretly Planning?

a16z (Andreessen Horowitz) has raised a record $15 billion in new funding, with a significant focus on cryptocurrency and AI as key future technologies. The funds are allocated across six main areas: American Dynamism, App, Bio + Health, Infrastructure, Growth, and Other Venture Strategies. The App, Infrastructure, and Growth funds are expected to drive most crypto investments, targeting application-layer projects, protocol-layer infrastructure, and mature platforms like exchanges. In 2025, a16z made 31 investments in crypto, emphasizing prediction markets (e.g., Kalshi), wallet services, privacy blockchains, stablecoins, and AI-crypto integrations. Looking ahead to 2026, a16z highlighted 17 key areas of interest, including privacy enhancements, prediction markets, stablecoin innovation, AI agents, decentralized communication, and tokenization of real-world assets. The firm aims to support groundbreaking solutions in these domains, leveraging its capital to advance the crypto ecosystem.

比推01/12 17:31

$15 Billion in Ammunition: What Is a16z Secretly Planning?

比推01/12 17:31

Following the Clues: Guess What Projects a16z with $15 Billion Will Invest In?

a16z Raises $15 Billion, Signaling Major Crypto Investments Ahead Venture capital giant Andreessen Horowitz (a16z) has raised $15 billion in new funding, its largest round to date. The firm emphasized that winning the next century of technological competition hinges on advancements in AI and crypto. The capital will be allocated across six funds, with significant implications for the crypto sector: * **App Fund ($1.7B):** Targets consumer applications, including Web3, fintech, and AI apps. * **Infrastructure Fund ($1.7B):** Focuses on foundational tech, including blockchain protocols (L1s, L2s), developer tools, and AI infrastructure. * **Growth Fund ($6.75B):** Will back mature, late-stage companies, such as established crypto exchanges and unicorns (e.g., Coinbase). A review of a16z's 2025 investments revealed heavy bets on prediction markets (Kalshi), wallet services, privacy blockchains, stablecoins, and AI-crypto intersections. Looking to 2026, a16z's published "big ideas" highlight key areas of excitement, suggesting these will be prime investment targets. These include: * Enhanced privacy as a core crypto feature. * The expansion of smarter prediction markets. * "Crypto-native" stablecoins and real-world asset (RWA) tokenization. * Improved on/off-ramps for stablecoins. * The convergence of AI and crypto, specifically around agentic systems ("know your agent"). * The concept of the internet evolving into a bank. In summary, a16z's massive new war chest is poised to aggressively fund the next wave of innovation across crypto applications, infrastructure, and the growing AI-crypto frontier.

marsbit01/12 08:39

Following the Clues: Guess What Projects a16z with $15 Billion Will Invest In?