Summary
TLDR: Venture capitalists are raising new funds in anticipation of a robust altcoin season. Paradigm is negotiating a $750-850 million fund, signaling a rebound in the crypto market. Despite the high-risk nature of investments, VCs are optimistic about the future of AI and crypto projects.
Key Points
1. Venture capitalists (VCs) are actively raising new funds in anticipation of a robust altcoin season, with Paradigm negotiating to secure between $750 million and $850 million for a new fund.
2. Paradigm’s potential new fund is poised to become the largest in the crypto market since the previous downturn, signaling a rebound in the market.
3. Despite the market’s uptick, venture capital investment in crypto remains cautious, with the flow of venture funds typically trailing behind token price movements.