Dragonfly

2026-09-30 14:16

Former Dragonfly partner Omar Kanji joins Brevan Howard

Former Dragonfly partner Omar Kanji has officially joined alternative investment management platform Brevan Howard as Head of Growth Investments and Portfolio Manager for its digital asset business, and will continue to be based in New York. Omar Kanji previously announced his departure from Dragonfly on September 1, concluding a four-year tenure.

based

2026-09-26 16:16

Dragonfly Partner: AI Won't Become Safe on Its Own, Humans Must Solve Safety and Control Issues

Dragonfly Managing Partner Haseeb posted on X platform stating that human history has faced numerous risks such as tiger attacks, the Black Death, smallpox, famine, earthquakes, and wars, but these problems did not disappear on their own—rather, humans gradually solved them through vaccines, sewer construction, alliances, and Earth science research.Haseeb stated that just because humanity has solved many risks in the past, we cannot assume that AI risks will also disappear on their own; AI will not become safe by itself, and humans must genuinely solve AI safety issues and maintain control over AI. He noted that humanity may soon hand over almost all critical control in society to AI, so it is essential to ensure that humans still hold control at that time.

Earth Safe

2026-09-25 21:09

Dragonfly Partner: As Long as AI Still Poses an "Extinction Risk," We Should Not Rush to Accelerate

Odaily reports: Dragonfly Managing Partner Haseeb stated on the X platform that he was once a professional "gambler," and his core principle was to never touch the "risk of ruin"—that is, always keep chips in reserve for rebuilding and coping with the worst-case scenario. Similarly, AI risk may not be as severe as imagined, and may be easy to solve, but as long as a reasonable possibility exists, we should not take the gamble before fully confirming otherwise.Haseeb said that if someone believes the probability of AI causing human extinction is 10%, it actually means they believe that in 90% of cases no serious consequences will occur—but humanity cannot determine which scenario it is actually in. Therefore, until it can be confirmed that the extinction risk has been eliminated, humanity should not voluntarily take on this risk.

Long Rush Rush

2026-09-18 20:04

Dragonfly Partner Calls for Zcash Development Fund to End When It Expires in 2028

Odaily reports: Haseeb Qureshi, managing partner at crypto-focused venture capital firm Dragonfly, has proposed that under current rules, the Zcash development fund should cease operations after its expiration in 2028.Qureshi wrote: "I think this should be the last development fund." He stated that the current fund size is already sufficient to support Zcash's remaining development work, and as the fund's value approaches $100 million, it may face "politicization" risks in the future. According to ZecStats data, as of press time, the Zcash development fund holds 63,962 ZEC, worth approximately $95 million.These remarks come amid ongoing industry discussions about the growing size of the development fund. The previous rise in ZEC's price drove a significant increase in the fund's value. Some also argue that Zcash should continue to maintain the development fund. Paradigm founder Matt Huang said on Wednesday that against the backdrop of improving AI network attack capabilities and the rapid development of quantum computing, the fund is particularly important.

Cointelegraph Paradigm Paradigm Zcash

2026-09-16 00:32

Dragonfly Managing Partner: Onchain Pre-IPO Derivatives Show AI Lab Valuations Not Significantly Impacted by "Slowing the Frontier Race"

Dragonfly managing partner Haseeb Qureshi stated that price movements in onchain Pre-IPO derivatives reflect interesting market expectations for AI lab valuations. He noted that Jacob Coxon's earlier pessimistic remarks about AI risk actually pushed related lab valuations higher, arguing that "scaring everyone seems to be good for business."Haseeb said that after Anthropic CEO Dario Amodei proposed "slowing the frontier race," related valuations were not significantly affected, which is not surprising, since reducing the model race means training spending declines, thereby lowering major capital expenditures. However, after David Sacks publicly criticized Dario, Anthropic's valuation was largely unaffected, while OpenAI's valuation declined, and he raised questions about the reason for this.

Frontier Onchain

2026-09-15 22:36

Uniswap Founder: Claiming Robinhood Chain Is "Dead" Based Solely on Revenue Charts Is Rather Absurd

In response to community rumors regarding Robinhood Chain's "death," Uniswap founder Hayden Adams responded by posting that it is rather absurd to claim the chain is "dead" based solely on fee revenue charts. In reality, Robinhood merely increased the gas limit and lowered user fees to expand on-chain capacity and satisfy the massive demand for block space. Approximately 95% of the DEX trading volume on Robinhood Chain originates from Uniswap, and the network is performing well overall. Dragonfly Managing Partner Haseeb has also previously noted that while on-chain revenue dropped noticeably following the fee cut on Robinhood Chain, DEX trading volume remains robust, currently ranking second only to Solana. This strategy is clearly deliberate; Robinhood prioritizes attracting RWA and on-chain financial activity through lower fees and greater capacity over maximizing short-term sequencer revenue.

ALLO Based Based based Chain NewDex

2026-09-15 08:51

Dragonfly Partner Bullish on Robinhood Ecosystem: Low Gas Fees Help Expand Onchain Economic Scale

Dragonfly partner Haseeb Qureshi posted on X that after Robinhood raised the Gas Limit on Robinhood Chain and lowered user fees, onchain revenue dropped noticeably, but DEX trading volume has remained strong and is now second only to Solana.Haseeb believes this adjustment is not a mistake, but a deliberate strategy by Robinhood. Rather than optimizing for short-term sequencing revenue, Robinhood places greater emphasis on expanding onchain capacity, bringing more tokenized assets onchain, and increasing the scale of economic activity on the blockchain. To achieve this, it must expand network capacity while keeping transaction fees low.

Bullish Chain NewDex Onchain Robinhood Solana

2026-09-04 01:22

Bybit Pay integrates with Mesh crypto payment network, enabling direct payments using exchange balances

Odaily Odaily News: Bybit Pay, the payment arm of cryptocurrency exchange Bybit, has integrated with crypto payment infrastructure provider Mesh, allowing users to directly use their Bybit account balances to make payments or top up accounts on Mesh-supported platforms without the need to withdraw or transfer assets first. Merchants can add Bybit Pay as a payment option through existing Mesh integrations and use programmable settlement features to control settlement timing and methods across different markets.Mesh stated that its network is already connected to over 300 wallets, exchanges, and financial service platforms. In January this year, the company completed a $75 million Series C funding round led by Dragonfly, reaching a valuation of $1 billion, with cumulative funding exceeding $200 million. It also plans to expand into markets in Latin America, Asia, and Europe. (Cointelegraph)

Bybit Cointelegraph Mesh

2026-08-26 14:50

City Protocol completes $11 million in seed and Pre-A funding, with participation from Dragonfly, Jump Crypto, CMT Digital, and others

Odaily News: City Protocol has disclosed that its seed and Pre-A funding rounds total $11 million, with participation from Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, Mirana, and others. The project's core business is bringing structured products on-chain, providing integrated infrastructure for the issuance, operation, and distribution of structured products through tokenization layers, vault layers, and issuance and operations layers.

City Protocol CryptoMate CyberMiles

2026-08-06 08:40

AI Agent Infrastructure Sapiom Closes $35 Million Series A Financing, Led by Dragonfly

Sapiom 宣布完成 3500 万美元 A 轮融资，由 Dragonfly 领投，公司累计融资总额达到 5000 万美元。同时，Sapiom 对外发布其面向 AI 智能体 的生产基础设施，核心定位是在智能体执行操作时，实时决定其可调用的模型、工具、算力与支付行为，并对成本、权限、延迟、可靠性及合规要求进行控制。

2026-08-04 23:01

Coldcard vulnerability investigation escalates: At least 15 attackers identified, a single victim's findings reveal 12 BTC stolen

Galaxy Digital Head of Research Alex Thorn stated that based on new victim reports received following the incident, the number of attackers exploiting the Coldcard vulnerability has reached at least 15.Thorn noted that information provided by victims helped the research team uncover previously unidentified attack activity. Unlike thefts from centralized exchanges, correlations between the attackers in this vulnerability exploit require confirmation through on-chain analysis and victim feedback.He added that a single victim reporting less than 1 BTC stolen helped the team discover a previously unknown attack, which siphoned approximately 12 BTC from 126 addresses.According to Galaxy Research's earlier estimates, the Coldcard vulnerability has led to at least three rounds of attacks, with losses amounting to approximately $100 million in BTC. Additionally, Galaxy has identified a suspected fourth round of attacks, which could bring total losses to approximately $130 million.Meanwhile, the incident has also sparked discussions regarding the security of Bitcoin self-custody. Dragonfly Managing Partner Haseeb Qureshi stated that "AI security hardening costing around $2" could potentially have prevented this vulnerability, and noted that some AI models were able to rediscover related vulnerabilities within a relatively short timeframe. However, industry insiders pointed out that current claims about the speed of AI discovering vulnerabilities lack rigorous blind testing and verification.Researchers believe that as AI model capabilities improve, the costs of vulnerability discovery and attacks in the crypto industry may continue to decline, requiring wallet developers to further strengthen code audits and security protections. (Cointelegraph)

Alex based Bitcoin blind Cointelegraph Galaxy

2026-07-31 00:25

Dragonfly Partner: The current AI boom may not have emerged without the development of the crypto industry

Dragonfly Partner Haseeb posted on X platform, stating that the current AI boom might not have occurred without the development of the crypto industry. He noted that over the past decade, Bitcoin miners accumulated expertise in power acquisition, site selection, and large-scale infrastructure construction in remote areas, which has laid an important foundation for the expansion of AI data centers today. Additionally, the demand for crypto mining helped NVIDIA transition from a gaming GPU manufacturer to a supplier of AI computing chips.Furthermore, the core teams of several emerging AI cloud service providers, including CoreWeave, Crusoe, Together AI, and Nscale, all have backgrounds in the crypto industry.

Bitcoin CoreWeave Furthermore GPU.Net Node AI NVIDIA

2026-07-29 07:05

Active crypto investment firms down 87% from 2022 peak; Dragonfly partner says crypto VC may be seeing its last funds

Dragonfly managing partner Haseeb Qureshi said that as mature networks become harder for startups to challenge, crypto venture capital may eventually enter a "last funds" phase. He noted this does not mean the crypto industry is disappearing, but rather that scale, liquidity, and network effects are increasingly concentrated among a few mature platforms. Qureshi stated that by 2030, most important companies in the crypto space may already be established. While large platforms will continue to grow, the room for new entrants to disrupt the market will be limited. He believes investors may underestimate the possibility that continued growth in the crypto market will not necessarily translate into investable startups. Cryptorank data shows that as of July 28, only 150 independent venture capital firms participated in crypto funding rounds in July, the lowest level since November 2020 and down from a peak of 1,177 active investment firms in May 2022. Qureshi is cautious about startups built around single financial products on platforms like Hyperliquid. He stated that if Hyperliquid controls the distribution channels, such companies are essentially closer to dealers than to businesses with lasting durability.

Hyperliquid

2026-07-21 08:32

Dragonfly Partner: Meme Coin Trading is Retail-Driven, Should Not Exhibit Weekend Lull Typical of Professional Markets

Odaily Odaily News: Dragonfly partner Haseeb posted on X platform, responding to doubts about the long-term stability of Pump.fun's revenue curve. He believes this phenomenon is not abnormal and, from a macro perspective, closely resembles the trend of overall crypto spot trading volume.Haseeb stated that some users suspect data anomalies because daily trading volume appears too stable, lacking a weekend dip. However, he argues this perspective overlooks the participant structure of the Meme coin market. Since Meme coin trading is primarily driven by retail investors, it does not experience a significant decline in trading volume on weekends, unlike markets dominated by professional traders and hedge funds such as Hyperliquid.Haseeb noted that users can verify this by examining Pump.fun's pre-issuance revenue data, which previously showed similar stability and does not indicate any irregularities. Additionally, he mentioned that trading terminals and Telegram bots have relatively high trading volumes, so their revenue is not necessarily highly correlated with Pump.fun itself. Currently, the revenue curve of the largest trading terminal, Axiom, closely resembles that of Pump.fun.

Axiom Axiom Hyperliquid Pump.fun Telegram

2026-07-14 20:01

Stablecoin payment infrastructure Velocity completes $38 million Series A funding round, led by Dragonfly

Velocity, a stablecoin payment infrastructure startup, announced the completion of a $38 million Series A funding round. This round was led by crypto investment firm Dragonfly, with participation from Coinbase, Capital One Ventures, Wintermute, and other institutions. Velocity CEO Eric Queathem did not disclose the latest valuation. Founded in 2025, Velocity focuses on providing stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, helping them leverage dollar-pegged tokens to optimize cross-border payments, fund settlement, and treasury management processes.Currently, Velocity has covered markets in the United States, parts of Europe, and Australia. The company plans to use the new funds to apply for licenses, expand into Africa and Latin America, while also investing in building more secure asset custody infrastructure and developing new features, including stablecoin yield products. (Fortune)

Coinbase Velocity Wintermute

2026-07-14 08:23

Dragonfly Partner: DeFi "Hacker Doomsday" Warning Failed to Materialize, AI Hardening Significantly Improves Security of Major Protocols

Dragonfly 管理合伙人 Haseeb Qureshi（@hosseeb）在 X 平台发文，距 OpenZeppelin 创始人 Manuel Aráoz 发出"DeFi 全面不安全"警告已过去两个月，数据显示所谓"黑客末日"并未成真。 数据显示，2026年 DeFi 被盗金额年化值低于 2025 年全年，即便剔除异常月份（如 Bybit 黑客事件、Drift 及 KelpDAO 事件）后对比，2026 年每月被盗金额仍低于 2025 年；按 TVL 标准化后，2026年 DeFi 资金被盗比例同样略低于 2025 年。 Haseeb 指出，当前呈现出"攻击次数上升、单次规模下降"的结构性特征——攻击者主要针对无力承担 AI 安全加固成本的小型协议和废弃项目，而已完成 AI 代码加固的大型协议安全性实际上有所提升。他总结称，"DeFi 中平均每一美元的安全性与一年前持平，将资金存放于大型协议大概率是安全的。"

Bybit Major OpenZeppelin

2026-07-14 06:39

Dragonfly Partner: No "Hacker Apocalypse" in DeFi; Annualized Stolen Value in 2026 Estimated at $1.89 Billion

Haseeb posted on X, stating that with models like GLM 5.2, Fable, and GPT 5.6 already launched and actively used by attackers, DeFi has not experienced the anticipated "hacker apocalypse." Chart data shows that based on the current year's data and running rate, the annualized amount stolen from DeFi in 2026 is approximately $1.89 billion. The cumulative stolen amount for the year is around $986 million, lower than the 2025 level and still within the historical range. Haseeb noted that the deeper change now is that while the number of hacker attacks has increased, the scale of individual attacks is declining more rapidly. Attackers are increasingly targeting smaller protocols and abandoned projects, while large protocols have implemented more security enhancements. As a result, overall fund security has not significantly deteriorated.

based Golem QnA3

2026-07-03 09:47

Dragonfly Managing Partner Haseeb: Bullish on ETH and SOL, Bear Market Pessimism Has Historically Been Exaggerated

Dragonfly Managing Partner Haseeb Qureshi (@hosseeb) stated in a podcast that the crypto industry is far from over, and the current talent exodus is actually a normal signal of healthy market clearing, "Retail investors always exit at the bottom and declare the industry dead, and this is precisely the precursor to the next market cycle." He reiterated his long-term bullish stance on ETH and SOL, and pointed out that in every bear market, the predictions of pessimists are without exception too extreme.

Bullish Ethereum Market Solana

2026-07-03 00:01

Dragonfly Managing Partner: Continuously Bullish on ETH and SOL

Haseeb, managing partner of Dragonfly, stated on platform X that the crypto industry is not moving towards the middle. Some people leaving the industry is actually a form of screening for the sector, a healthy phenomenon similar to the normal cleansing after the bursting of the early tech bubble. What remains are those who truly believe in long-term value — painful in the short term but beneficial in the long run.Haseeb added that he remains continuously bullish on ETH and SOL, believing both have a massive future. Cryptocurrency is essentially a continuation of technology and the internet, and it will change the world just like the internet did.

Bullish Ethereum Solana

2026-07-02 04:39

Venice AI Completes $65 Million Funding Round at $1 Billion Valuation

Venice AI founder Erik Voorhees announced on Wednesday that the company has completed its first external funding round, raising $65 million at a $1 billion valuation. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek. Launched in May 2024, Venice AI is a privacy-focused AI chatbot alternative platform designed to prevent storing user conversations on centralized company servers. Voorhees stated that Venice AI has surpassed 3 million users and has already achieved profitability in the first quarter. Voorhees said the new capital will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API. The annual issuance of Venice AI's native token, VVV, was reduced to 3 million tokens on Wednesday, used to reward token holders who support the network by staking VVV.

Coinbase Creek Venice