# Пов'язані статті щодо Multicoin

Центр новин HTX надає останні статті та поглиблений аналіз на тему "Multicoin", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

30-Day Doubling, 15-Fold Year-to-Date Gain: Why is the English-Speaking Crypto Community FOMOing Over $ZEC Again?

Over the past week, ZEC has surged back into the spotlight on English Crypto Twitter, driven by endorsements from prominent figures like Naval, Arthur Hayes, and Mert Mumtaz, alongside a public "significant" position announcement from Multicoin Capital at Consensus Miami. The price has skyrocketed, with ZEC gaining over 110% in 30 days and 1500% year-to-date, now ranking among the top 20 cryptocurrencies by market cap. The primary catalyst is a shifting investment thesis. Multicoin Capital's Tushar Jain argues that while Bitcoin resists censorship, its transparent ledger leaves holdings vulnerable to potential wealth confiscation via taxation. Zcash's shielded pool, using zk-proofs to obscure transaction details, is positioned as "insurance against Bitcoin" for true financial privacy. Arthur Hayes has set a long-term price target of 10% of Bitcoin's value. Further momentum comes from technical developments announced at Consensus, including a roadmap for quantum-recoverable wallets and full post-quantum security within 12-18 months. Institutional adoption signals are growing, with a Grayscale ETF application pending, Robinhood listing ZEC, and Foundry launching a mining pool. However, a critical caveat is the recent departure of the entire original Zcash development team (ECC) due to governance conflicts, leaving the project's future development uncertain. While narrative and institutional interest are clearly fueling the current rally, distinguishing between genuine adoption and speculative flows remains difficult due to the very privacy features that define ZEC.

marsbit05/09 05:46

30-Day Doubling, 15-Fold Year-to-Date Gain: Why is the English-Speaking Crypto Community FOMOing Over $ZEC Again?

marsbit05/09 05:46

Leading Crypto VCs See Collective AUM Shrink: a16z Crypto Fund Management Scale Plummets 40%, Multicoin Halved

Headline: Top crypto funds including a16z Crypto and Multicoin saw their Assets Under Management (AUM) decline significantly in 2025, according to undisclosed SEC filings obtained by Fortune. Key Points: - a16z Crypto’s AUM dropped nearly 40% to $9.5 billion, partly due to returning capital to LPs at a market peak. Its first crypto fund achieved a 5.4x DPI. - Multicoin’s AUM was halved to approximately $2.7 billion, impacted by the crypto market downturn and its hybrid hedge/VC fund structure. - Pantera Capital also reduced AUM, influenced by successful exits including five portfolio company IPOs like Circle and BitGo. - Haun Ventures was the exception, with AUM growing over 30% to nearly $2.5 billion, driven by the successful acquisition of portfolio company BVNK by Mastercard. - Despite AUM contractions, major firms are raising new funds: Paradigm targeting up to $1.5 billion, a16z Crypto seeking up to $2 billion, and Dragonfly closing a $650 million fund. The data highlights the high volatility and cyclical nature of crypto VC investments, where AUM fluctuations are heavily tied to token prices and market cycles rather than solely reflecting fund performance.

marsbit04/18 02:58

Leading Crypto VCs See Collective AUM Shrink: a16z Crypto Fund Management Scale Plummets 40%, Multicoin Halved

marsbit04/18 02:58

Is There More to Kyle Samani's Exit from the Crypto World?

Kyle Samani, co-founder of Multicoin Capital, recently announced his departure from the crypto industry, sparking controversy due to his subsequent critical remarks. Shortly after leaving, he expressed disillusionment with Web3 and blockchain, claiming they are merely financial ledgers with limited impact—a statement he quickly deleted. He later attacked Hyperliquid, accusing it of facilitating crime and operating opaquely, which many viewed as hypocritical given his past success and influence in crypto. This abrupt shift has led to speculation about underlying reasons for his exit. Analysts note that Multicoin Capital continues investing in Hyperliquid, and co-founder Tushar Jain included it in the firm’s future investment themes, while omitting Samani’s favored DePIN sector. Some, like Ran Neuner, suggest Samani may have been forced out due to internal conflicts, possibly bound by non-compete clauses. Despite Samani’s exit, other industry leaders like Tushar Jain, Haseeb Qureshi, and Chris Dixon reaffirm their belief in crypto’s future. They argue that the industry is maturing, moving from pioneers to builders, and compare its evolution to the early internet—foundational infrastructure must precede broader applications. The consensus remains that crypto’s narrative and potential are far from exhausted.

Odaily星球日报02/10 03:32

Is There More to Kyle Samani's Exit from the Crypto World?

Odaily星球日报02/10 03:32

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

Kyle Criticizes Hyperliquid Four Days After Leaving, Arthur Hayes Responds with a $100,000 Bet

In the midst of a market downturn, Hyperliquid ($HYPE) has nearly doubled in value since January, drawing both praise and criticism. Kyle Samani, the recently departed co-founder of Multicoin Capital, publicly criticized the project, calling it representative of crypto's classic problems: founders "fleeing their home country," facilitating crime, being closed-source, and permissioned. Arthur Hayes, BitMEX co-founder, responded not by addressing the criticisms but by proposing a $100,000 bet: that HYPE would outperform any large-cap crypto of Kyle’s choosing from February 10th to July 31st. Kyle did not accept the wager, aligning with his earlier, since-deleted tweet expressing that crypto is "not as interesting as many thought." The article dissects Kyle's critiques, noting that Hyperliquid's operational structure (offshore entity, U.S. user ban) is standard industry practice. It suggests his harsh tone may stem from a personal desire to distance himself from the industry post-departure, contrasting with his former firm, Multicoin, which was revealed to have built a significant $46 million position in HYPE around the time of his exit. The exchange highlights a classic crypto divide: those who have left the "table" often critique from an ethical standpoint ("should"), while those still invested argue primarily with price action ("will it pump"). The discussion quickly devolved into personal attacks about wealth and portfolio performance, underscoring how deeply entrenched financial interests are in shaping narratives within the space.

marsbit02/09 04:53

Kyle Criticizes Hyperliquid Four Days After Leaving, Arthur Hayes Responds with a $100,000 Bet

marsbit02/09 04:53

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

Multicoin Capital Co-Founder Kyle Samani Exits Firm Amid Market Downturn

Multicoin Capital co-founder Kyle Samani has announced his departure from the firm after a decade, a move that coincides with a major crypto market downturn. He described the decision as "bittersweet" and personal, not driven by panic, and expressed full confidence in the firm's leadership. Samani clarified he is not leaving the crypto industry, opting for an "in-kind redemption" to receive shares in Forward Industries—a Solana-focused company he chairs—instead of cash. He remains "Mega long on Solana and Mega long on crypto overall" and plans to stay active in the sector. His exit highlights a significant shift but underscores his continued belief in Solana's long-term potential.

TheNewsCrypto02/05 09:52

Multicoin Capital Co-Founder Kyle Samani Exits Firm Amid Market Downturn

TheNewsCrypto02/05 09:52

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

Dragonfly Managing Partner Haseeb Qureshi: My Top 3 Crypto Investors

Dragonfly managing partner Haseeb Qureshi shares his perspective on the top three cryptocurrency investors of all time, reflecting on their impact and legacy in the highly competitive crypto VC landscape. In third place is Dan Robinson of Paradigm, praised for his hands-on, foundational contributions to major crypto projects like Uniswap V3, Flashbots, and Optimism. Qureshi describes him as a polymath and value-creator on par with traditional VC legends. Second is Chris Dixon of a16z, recognized as a crypto pioneer who legitimized the industry and brought institutional capital and narrative clarity to the space. His early bets on Coinbase and Uniswap were both visionary and counter-consensus at the time. Topping the list is Kyle Samani of Multicoin Capital, whom Qureshi acknowledges as a truly contrarian investor. Despite often disagreeing with him, Qureshi credits Samani’s conviction in Solana—through its seed investment and through the FTX collapse—as the single best trade in crypto VC history, embodying the power law nature of venture returns. Qureshi concludes by honoring all three for their roles in shaping the industry and driving it forward through multiple cycles, acknowledging that though he competes with them, he has learned from each and respects their contributions deeply.

marsbit01/07 03:17

Dragonfly Managing Partner Haseeb Qureshi: My Top 3 Crypto Investors

marsbit01/07 03:17

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