Andreessen Horowitz
Andreessen Horowitz (a16z) is a venture capital firm that supports daring entrepreneurs who are creating the future with technology.
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Robbie Petersen, former Junior Partner at Dragonfly, announced he is joining a16z Crypto.
Robbie Petersen, former Junior Partner at Dragonfly, has announced he is joining a16z crypto as an Investment Partner. He stated that his core thesis on the crypto industry remains unchanged: if technological adoption continues trending toward greater efficiency, market forces will ultimately prove that blockchain is the most efficient technology for global collaboration.
a16z Crypto Explains the Logic Behind Leading Morpho Investment: Betting on an On-Chain Open Credit Network
a16z Crypto has published an article explaining the rationale behind leading the investment in Morpho. It points out that credit is a core mechanism for modern economic growth and capital allocation, and that blockchain-driven open credit networks have the potential to lower the cost of financial infrastructure, enhance market competition efficiency, and provide global users with broader financing and yield opportunities. a16z Crypto disclosed that it first engaged with the Morpho team in 2022. Since the global financial crisis, the private credit market has grown rapidly, reflecting the market’s demand for more direct and efficient financing models. Meanwhile, institutions can issue their own lending markets that share the network’s liquidity and network effects. The infrastructure in this area is expected to dismantle traditional financial intermediary systems and build a global open credit network.
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Morpho completes $175 million funding round, led by a16z Crypto and Paradigm
DeFi lending protocol Morpho has announced the completion of a $175 million funding round, led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and other institutions.The report states that this funding round was priced based on the average price of Morpho tokens over the past month, corresponding to a valuation of approximately $2 billion for the protocol. Morpho allows institutions to customize lending markets and risk parameters on-chain and has already attracted adoption by institutions such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital.Data shows that Morpho's current Total Value Locked (TVL) is approximately $6.6 billion. The company stated that it will continue to expand its institutional-grade DeFi lending business and strengthen competition with lending protocols like Aave. (Fortune)
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Coinbase, Ripple and Over 200 Crypto Entities Jointly Urge U.S. Senate to Advance CLARITY Act Vote
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
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a16z-affiliated entity buys another $5.238 million worth of HYPE, cumulative position exceeds $327 million this year
: According to crypto analyst Ai Yi @ai_9684xtpa's monitoring, an a16z-affiliated entity has added another 90,091 HYPE tokens in the past 10 hours, valued at approximately $5.238 million.On-chain data shows that the entity has accumulated a position of 6.996 million HYPE tokens since 2026, with a total value of approximately $327 million and an average entry price of around $46.85.
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Hyperliquid
a16z-associated entity withdraws over 220,000 HYPE from exchanges in 24 hours, with total holdings reaching 6.906 million tokens
According to on-chain analyst Ai Yi's monitoring, an entity associated with a16z has withdrawn a total of 224,118 HYPE tokens, worth $15.156 million, from various exchanges over the past 24 hours. The entity's total accumulated HYPE holdings since 2026 have increased to 6.906 million tokens ($322 million), with an average cost of $46.7, currently showing an unrealized profit of $131 million.
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Hyperliquid
a16z added another 155,000 HYPE in the past 14 hours, now sitting on a floating profit of $141 million
Odaily reports: According to Ai Yi's monitoring, a16z (0x41A...A93, 0x643...103), the largest external holder of HYPE, has added another 155,321 HYPE in the past 14 hours, valued at $11.126 million. Since 2026, it has accumulated a total of 6.754 million HYPE, with a total value exceeding $312 million, at an average price of $46.24, and now holds a floating profit of $141 million.
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Hyperliquid
a16z Leads Special’s Funding Round; Former DOGE Team Bets on AI-Driven M&A Cost Reduction
According to Tech in Asia, Special, an AI-powered M&A firm co-founded by Nate Cavanaugh and Justin Fox—both former staff members of the U.S. government’s Department of Government Efficiency (DOGE)—has announced a funding round of undisclosed amount, led by Andreessen Horowitz (a16z). Investors include Antonio Gracias, founder of Valor Equity Partners; Anthony Armstrong, former CFO of xAI; Brian Armstrong, CEO of Coinbase Global; and Shyam Sankar, CTO of Palantir Technologies. Special plans to acquire service-based businesses by automating workflows with AI to reduce costs, and has already reached an agreement to acquire a Texas-based healthcare company, which will be integrated into Figure Health—the company’s business line focused on aging populations.
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a16z crypto: Prediction Markets Still Need to Overcome Manipulation Risk and Information Bias Challenges
a16z Crypto published an article analyzing the unique value and challenges faced by prediction markets. Prediction markets allow participants to trade on event outcomes, aggregating dispersed information through price signals to provide real-time probability estimates for future events. Unlike traditional polls, prediction markets offer real-time update capabilities and incentivize participants to stake capital on their information, thereby improving prediction accuracy.The article points out that prediction markets are not only used by enterprises for product launches and research experiment forecasts, but also serve as "wisdom of the crowd" information sources for media outlets, covering events ranging from geopolitics to AI model performance. Their core advantage lies in providing independent probability estimates for specific events, rather than relying on indirect signals from overall asset price movements.However, prediction markets still face infrastructure and market design challenges, including event verification, contract settlement, the sufficiency of participant information, and potential manipulation risks. a16z believes that if these issues are resolved, prediction markets could become important tools for decision-making and information aggregation, expanding the ability of finance and society to gain insights into future events.
a16z-affiliated whale buys another $14.5M in HYPE today, cumulative holdings reach $193M
according to Lookonchain monitoring, an a16z-affiliated whale purchased another 226,121 HYPE today, worth approximately $14.5 million.Data shows that since April 14, the whale has accumulated a total of 3.9 million HYPE, worth approximately $192.6 million, with an average purchase price of around $49.4.
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Hyperliquid
Lookonchain
Lightning Capital Launches $100M AI Fund, Former a16z Partner Michele Griffin Appointed COO
Lightning Capital has announced the establishment of a $100 million early-stage fund focusing on the "AI Ripple Effect," and has appointed former Andreessen Horowitz partner Michele Griffin as Managing Partner and COO of the fund. It is reported that the fund will invest in startups that are creating secondary impacts on industries, infrastructure, and work styles as AI transitions from experimentation to real-world application. The fund also offers secondary market and cash management strategies, providing flexible liquidity options for family offices and corporate investors. (Techfundingnews)
Ripple
a16z-affiliated entity buys another $15.03 million worth of HYPE, withdrawing over 250,000 tokens in the past 7 hours
: According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, after a five-day pause, an entity linked to a16z has resumed its large-scale accumulation of HYPE.Data shows that over the past 7 hours, this entity has withdrawn a total of 253,947.43 HYPE from multiple exchanges and market maker addresses, valued at approximately $15.03 million, with an average withdrawal price of around $59.2.Currently, HYPE has retraced about 10% from its all-time high, now trading at $58.13.
Hypercent
Hyperliquid
OpenRouter Completes $113 Million Series B Funding Round Led by CapitalG
OpenRouter, an AI model aggregation platform founded by OpenSea co-founder Alex Atallah, has announced the completion of a $113 million Series B funding round, led by CapitalG, the growth fund under Alphabet, Google's parent company.Other participants in this funding round include a16z, Menlo Ventures, NVentures (affiliated with NVIDIA), as well as ServiceNow, MongoDB, Snowflake, and Databricks. The company's valuation has now exceeded $1 billion.
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U.S. Crypto Industry Strengthens Coordination Network in Washington to Accelerate Regulatory Legitimization
According to The Information, the U.S. crypto industry is building a tighter coordination network in Washington, D.C., focusing on advancing legislation for key issues—including stablecoin regulation, crypto market structure bills, and crypto ETFs—to accelerate regulatory legalization. The report notes that, against the backdrop of the Trump administration’s increasingly friendly stance toward crypto and growing congressional support, the industry is seeking to seize this window of opportunity to formally integrate crypto assets into the U.S. mainstream financial system. Entities such as Coinbase and a16z crypto are also continuously expanding their policy influence—through political donations, lobbying teams, and industry coalitions—to shift the regulatory framework from “crackdown” to “regulation and acceptance.”
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a16z Crypto: Tokenized commodity markets are almost entirely dominated by gold.
a16z crypto notes that the tokenized commodities market is currently composed almost entirely of gold. It explains that gold is well-suited for tokenization due to its global liquidity, standardized characteristics, and long-standing tracking via paper-based instruments. a16z crypto adds that crypto investors are already familiar with this model—Bitcoin was dubbed “digital gold” even before tokenized gold emerged. For instance, XAUt and PAXG migrate traditional gold ownership onto the blockchain, converting rights to physical gold held in vaults into on-chain tokens stored in digital wallets. In contrast, tokenization efforts for oil, agricultural products, energy, and compute power remain at a much earlier stage, with comparatively small market shares.
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Bitcoin
a16z-related address withdraws over 110,000 HYPE within 24 hours, with cumulative holdings of 5.93 million tokens and unrealized profit of $86.72 million
that, according to monitoring by on-chain analyst Ai Yi, an address suspected to be associated with a16z has withdrawn 114,533.98 HYPE (worth $6.45 million) from exchanges and market makers in the past 24 hours, at an average withdrawal price of $56.31. Since 2026, this entity has accumulated a total of 5.93 million HYPE, with a total value of $240 million and an unrealized profit of $86.72 million.
Hypercent
Hyperliquid
An a16z-affiliated whale purchased an additional 261,250 HYPE tokens—worth approximately $15.2 million—in the past hour.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale associated with a16z purchased an additional 261,250 HYPE tokens (approximately $15.2 million) within the past hour. Since April 14, this whale has accumulated a total of 3.17 million HYPE tokens, spending roughly $148.5 million at an average price of $46.8 per token, with an unrealized profit of approximately $33 million as of now.
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Hyperliquid
Lookonchain
a16z Crypto explores the fundamental tension between “censorship resistance” and “low latency” in blockchains
a16z Crypto published an article exploring the fundamental contradiction between blockchain “censorship resistance” and “low latency,” pointing out that any Byzantine Fault Tolerant (BFT) blockchain protocol with censorship resistance, where more than one-fifth of validators could be malicious, requires at least 5 rounds of communication for its optimal good-case latency, whereas traditional BFT consensus only requires a minimum of 3 rounds.The article notes that in traditional BFT protocols, the block proposer holds the power for both block construction and consensus progression, allowing them to censor by excluding specific transactions. This is also a major source of the MEV problem. To address this issue, Ethereum is researching FOCIL / EIP-7805, while Solana is exploring mechanisms like Constellation and MCP. The core idea behind these approaches is to have validators proactively collect "Inclusion Lists" of transactions that cannot be ignored before a block is formally proposed.a16z Crypto states that achieving censorship resistance requires two additional rounds of communication: first, user transactions must be broadcast to all validators, and then the validators need to confirm and write these into an inclusion list before the consensus process can begin. Therefore, in a partially synchronous network environment, there is no protocol design that can achieve both BFT and censorship resistance in just 4 rounds; 5 rounds represent the mathematical lower limit.The article emphasizes that while a censorship-resistant mechanism increases protocol latency, it can significantly reduce the "effective latency" users actually experience. In a system lacking censorship resistance, transactions may be indefinitely delayed due to validator censorship. Conversely, in a system with censorship resistance guarantees, transactions will be included in a block within a maximum of 5 rounds of communication, making transaction confirmation times more predictable.
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a16z Crypto: Blockchain Drives Finance Toward a “Cloud Transformation,” and Wall Street Is Entering the Era of Composable Digital Assets
Guy Wuollet, General Partner at a16z Crypto, wrote that the financial industry is undergoing a “digital migration” analogous to the cloud computing era—and blockchain is emerging as the core infrastructure driving this transformation. Wall Street’s adoption of blockchain is not motivated by the ideology of “decentralization,” but rather by practical needs: mitigating counterparty risk, improving settlement efficiency, and ensuring fair ordering mechanisms. “Digital assets,” in essence, represent the migration of the financial system’s underlying architecture onto blockchains—akin to how enterprise IT systems shifted from on-premises deployments to cloud services. When financial assets run on programmable, shared infrastructure, they unlock “composability”—a defining advantage enabling assets to be freely combined and extended like software. This significantly reduces development costs and boosts overall innovation efficiency across the financial system. This trend will propel traditional finance from “closed reconciliation systems” toward “on-chain coordination networks,” and blockchain technology will gradually become a standard component of the financial infrastructure layer.
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Syndicate Labs Decides to Shut Down Due to Severe Market Contraction
Syndicate Labs stated that after five years of developing on-chain infrastructure for customizable Ethereum Rollups and sequencers, the company has decided to shut down due to a drastic contraction in the Rollup market. Syndicate Labs previously completed a $20 million Series A funding round led by Andreessen Horowitz in 2021.This decision caused the SYND token price to drop 21% in the past three hours, hitting an all-time low of $0.012, a 99.5% decline from its peak of $2.61 in September 2025.Additionally, Syndicate Labs stated that the Syndicate Network Collective operates independently of Syndicate Labs, so the governance of the SYND token will not be immediately affected. The decision to shut down was not influenced by the previous hacking incident involving bridged assets.
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