# 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.

Is finance crypto’s first chapter or its final form? VCs weigh in…

The article explores whether finance represents crypto's foundational use case or its ultimate application, featuring perspectives from venture capitalists. Chris Dixon of a16z Crypto argues that non-financial applications are still emerging, with finance developing first due to infrastructure needs. Haseeb Qureshi of Dragonfly counters that consumer crypto failed due to weak demand and poor products, not regulation, asserting finance is crypto's only proven product-market fit. Capital flows in 2025 support this, with venture funding exceeding $20 billion, heavily focused on DeFi and infrastructure. TVL recovered to ~$99 billion, and stablecoin supply surpassed $307 billion, demonstrating finance's dominance. Revenue data further reinforces this: top DeFi protocols like PancakeSwap and Aave generated significant fees, while non-financial sectors like gaming struggled with thin revenue and low user monetization. The conclusion is that finance remains crypto's primary value layer, with strong capital and payment flows, whereas utility sectors face challenges in converting engagement into sustainable revenue.

ambcrypto02/10 01:02

Is finance crypto’s first chapter or its final form? VCs weigh in…

ambcrypto02/10 01:02

The Turn of 'The Greatest Crypto Investor in History' Kyle Samani, and the Mirror Image from a Decade Ago

Kyle Samani, co-founder of Multicoin Capital and one of crypto's most prominent investors, announced in early 2026 that he would step back from daily management to focus on AI, robotics, and life sciences, while maintaining personal crypto investments. His earlier deleted statement expressing disillusionment with Web3 and dApps sparked industry-wide concern, interpreted by some as a loss of faith in crypto’s non-financial applications. Samani’s journey began after his first venture, Pristine—a Google Glass software startup—failed due to platform risk when Google discontinued consumer sales. This experience drew him to decentralized systems, leading to the founding of Multicoin in 2017. Though initially inspired by Ethereum, he became a vocal critic and instead championed Solana, making early and highly profitable investments. Known for his provocative style, Samani aggressively advocated for Solana while dismissing Ethereum’s scalability. Despite successes, Multicoin faced challenges, including significant exposure to FTX’s collapse and criticism over fund management during SOL’s price volatility. Samani’s partial exit mirrors his departure from Pristine a decade earlier—a shift prompted by narrative contraction, not failure. Just as Pristine’s technology eventually found new life through acquisitions and emerging tech, crypto’s current struggles may lead to renewed growth under better conditions, such as improved regulation, infrastructure, or AI integration. The industry’s poised for evolution, not extinction.

比推02/09 15:04

The Turn of 'The Greatest Crypto Investor in History' Kyle Samani, and the Mirror Image from a Decade Ago

比推02/09 15:04

After Three Years at Multicoin, My Thoughts on Kyle the 'Shill King' Announcing His Exit

Kyle Samani, co-founder of Multicoin Capital, is stepping back from the firm, a move that reflects his strategic focus on pursuing asymmetric, non-consensual bets rather than managing a conventional fund. According to the author, a former Multicoin partner, Samani excelled at identifying and investing in high-conviction, contrarian theses—such as Solana’s potential as a "Nasdaq on-chain"—long before they gained mainstream acceptance. While some have questioned why Multicoin missed certain trends in the current cycle, like leading perpetual DEXs, the author explains that these areas had already become consensus plays, which did not align with Samani’s investment philosophy. His strength lay in early, non-consensus conviction. The author expresses confidence in Multicoin’s remaining team, noting their expertise in on-chain trading, AI, and regulatory strategy. Meanwhile, Samani is expected to explore new ventures, possibly in data-centric businesses. The piece concludes with a personal reflection: everyone has a unique “game” they are meant to play. For Samani, it was asymmetric investing; for the author, it’s building value-transfer protocols. The key is to focus on what one does best and play to win.

marsbit02/06 07:49

After Three Years at Multicoin, My Thoughts on Kyle the 'Shill King' Announcing His Exit

marsbit02/06 07:49

The First Snowfall in the Crypto Industry of 2026

In February 2026, the crypto industry faces a severe downturn, marked by capital flight, collapsing narratives, and a loss of faith. A meeting with a VC friend in Beijing sets the tone: investment has stalled for half a year, and even committed believers are questioning the future. The announcement of Kyle Samani, a key figure at Multicoin Capital, leaving the industry signals a deeper crisis. The collapse is attributed to the end of an era of cheap money, as global liquidity recedes and risk assets—including cryptocurrencies—plunge simultaneously. Bitcoin’s narrative as "digital gold" crumbles as it correlates closely with tech stocks, amplifying rather than hedging risk. The Web3 application narrative also falters, overshadowed by the rise of AI, which has captured capital and talent, leaving crypto’s promises looking increasingly hollow. Projects like Entropy and Bit[.]com shut down, while Gemini downsizes drastically. Developers shift focus to AI, and social media fills with nostalgia for the 2021 bull market. The upcoming Consensus conference in Hong Kong highlights the industry’s search for direction amid the wreckage. Yet, amid the despair, there is hope for a quieter, more grounded future. Blockchain technology may find practical, niche applications—in supply chain finance or digital identity—without the hype of get-rich-quick schemes. The path forward requires patience, introspection, and a commitment to solving real problems, not chasing fantasies.

marsbit02/06 02:15

The First Snowfall in the Crypto Industry of 2026

marsbit02/06 02:15

Dialogue with a16z Co-founder: AI, Entrepreneurship, Fairness, and 'American Opportunity'

In a podcast interview, a16z co-founder Ben Horowitz discusses the transformative impact of AI, the state of entrepreneurship, and societal challenges. He believes AI is rapidly reshaping the economy and startup landscape, with significant industry changes expected within 12-24 months due to existing internet infrastructure enabling fast deployment. The biggest risk to progress is not technology but policy, particularly overregulation that could hinder innovation. Horowitz argues that while AI may increase inequality through a "Kobe Bryant effect"—amplifying returns for top performers—it also democratizes access to tools like education, legal advice, and mentorship via smartphones. He emphasizes that absolute fairness is less critical than ensuring opportunities for upward mobility, citing historical examples where automation created new jobs despite displacing old ones. On entrepreneurship, he explains how a16z differentiated itself by focusing on serving founders' needs—providing knowledge, networks, and confidence—rather than traditional VC prestige. He also shares insights from management icon Andy Grove, stressing the psychological challenges of leadership, such as making tough decisions like reorganizations. Horowitz highlights AI's potential in fields like software development (boosting productivity) and creative industries (enabling new art forms), and discusses a16z's collaboration with the Las Vegas Police Department to deploy AI-driven public safety solutions, reducing crime and improving efficiency. He concludes by reflecting on the importance of mentorship, recalling how an early career opportunity changed his life.

比推02/05 21:47

Dialogue with a16z Co-founder: AI, Entrepreneurship, Fairness, and 'American Opportunity'

比推02/05 21:47

Crypto VCs Pivot to AI: A 'Coming of Age' Ceremony Beginning with a Collapse of Belief

In a personal reflection, the author expresses sadness over Kyle Samani, a partner at crypto VC firm Multicoin Capital, publicly announcing his departure from the crypto industry to focus on AI, longevity tech, and robotics. Kyle was known for his thesis-driven, opinionated, and often controversial investment style—publicly criticizing Ethereum’s scaling roadmap, backing Solana early, and supporting DePIN projects like Helium. Despite mistakes (EOS, FTX exposure), he was transparent about losses and decisions. His exit feels symbolic: an honest, sharp voice leaving crypto. Before deleting the tweet, Kyle stated that crypto is primarily an asset ledger with limited use beyond finance, marking a shift from evangelist to realist—a “loss of faith” rather than just market loss. The author contrasts crypto’s current state—filled with memecoins, gambling, and technical debates—with AI’s rapid, tangible progress. Yet, they choose to stay, seeing crypto as a permissionless, open field for upward mobility and financial infrastructure innovation (e.g., stablecoins, DeFi, RWA), while remaining open to future possibilities.

比推02/05 13:37

Crypto VCs Pivot to AI: A 'Coming of Age' Ceremony Beginning with a Collapse of Belief

比推02/05 13:37

When Crypto Is No Longer Fun, When Multicoin Capital Loses Its Soul

Kyle Samani, co-founder and managing partner of Multicoin Capital, has announced his departure from the firm’s daily operations and investment decisions, shifting his focus to other technology sectors such as AI and life sciences. Samani, widely regarded as one of crypto’s most influential and contrarian investors, played a key role in the firm’s early bet on Solana, which yielded massive returns. In a since-deleted social media post, Samani expressed that crypto is “not as fun as it used to be,” and no longer believes in the broader Web3 vision. He now sees blockchain primarily as a financial ledger with limited applications beyond finance, though he remains optimistic about privacy and DePIN sectors. Multicoin Capital’s investment activity has slowed significantly since late 2024, with only 10 deals since October 2024, far fewer than other top VCs. The firm’s major investments, such as Wormhole and Pyth Network, have also underperformed. Samani’s exit reflects a broader trend of key figures leaving crypto during a prolonged market downturn, citing disillusionment with the industry’s direction, unsustainable models, and weakened narratives. Despite this, firms like a16z and Pantera Capital remain active, suggesting the industry’s reassessment hasn’t yet turned into a full-scale exodus.

marsbit02/05 10:38

When Crypto Is No Longer Fun, When Multicoin Capital Loses Its Soul

marsbit02/05 10:38

Using Claude to Scrape 260,000 Records, I Uncovered Epstein's Crypto Connections

The article investigates connections between Jeffrey Epstein and the cryptocurrency industry by analyzing 266,000 structured records from the Epstein Doc Explorer database, processed with Claude AI. Key findings include: - **Brock Pierce**, Tether co-founder and Bitcoin Foundation chairman, demonstrated Bitcoin to Epstein and former Treasury Secretary Larry Summers at Epstein’s Manhattan mansion. Their relationship, which included discussions on crypto volatility and potential investments, extended from 2011 to 2019. - **Blockchain Capital**'s fundraising documents were found in Epstein’s files, suggesting he was approached as a potential investor. Later reports confirmed Epstein invested in Coinbase and Blockstream, facilitated by Pierce. - **Jeremy Rubin**, a Bitcoin Core developer, communicated with Epstein in 2017 about Bitcoin regulation and funding for his research. Epstein offered structured financial support options. - **Joi Ito**, former MIT Media Lab director, used Epstein’s funds to finance the MIT Digital Currency Initiative, linking Epstein to core Bitcoin infrastructure research. Epstein himself showed sustained interest in crypto from 2008 until his arrest in 2019, analyzing Libra just days before. The evidence suggests he acted as an information broker, connecting crypto entrepreneurs, policymakers, and researchers, rather than being a direct investor or technologist. No direct links were found to major figures like CZ or Vitalik Buterin in the available data.

marsbit02/05 04:36

Using Claude to Scrape 260,000 Records, I Uncovered Epstein's Crypto Connections

marsbit02/05 04:36

The Man Who Best Promoted SOL Exits the Crypto World

Kyle Samani, co-founder and managing partner of Multicoin Capital, has stepped down from his daily operational and management roles at the crypto-focused venture firm and transitioned to an advisory position. Known as one of the most vocal proponents of Solana, Samani was instrumental in Multicoin’s early and heavy investments in the blockchain, famously declaring “Solana is always the answer” and publicly criticizing Bitcoin and Ethereum. Under his leadership, Multicoin achieved extraordinary returns from Solana, though the fund also faced significant losses during market downturns. Despite his exit from Multicoin, Samani remains committed to the crypto space, particularly Solana, and will continue personal investments in the ecosystem. He will retain his role as chairman of Forward Industries, a digital asset treasury company heavily invested in SOL. Samani plans to redeem his Multicoin stake not in cash but in shares and warrants of Forward Industries to increase his exposure. His departure is driven by a growing interest in emerging technologies such as AI, longevity science, and robotics. Samani has indicated he will take time to explore these areas but remains a firm believer in crypto’s potential to reshape global finance.

marsbit02/05 03:10

The Man Who Best Promoted SOL Exits the Crypto World

marsbit02/05 03:10

AI narrative lifts ChainOpera AI 24% – But can COAI hold THIS?

ChainOpera AI's COAI token surged 24% in 24 hours, breaking out from a consolidation phase around $0.2714 and reaching a high of $0.3331. Technical indicators like the Stochastic RSI and MACD suggest continued buyer interest. On-chain data shows increased large transactions, with over 55 million COAI moved in two weeks, indicating potential accumulation and VC backing. The AI narrative in crypto is strong, with VC investment ratios favoring AI over crypto. However, liquidity remains a critical factor, with liquidation zones below $0.30 and above $0.33, COAI's price is at a juncture that could either accelerate the breakout or lead to a decline. The token's ability to hold above key levels will determine its next move.

ambcrypto02/04 19:10

AI narrative lifts ChainOpera AI 24% – But can COAI hold THIS?

ambcrypto02/04 19:10

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