The crypto venture giant has launched a fifth fund with plans to close by mid-2026, according to sources. Crypto venture capital giant Andreessen Horowitz is doubling down on crypto despite a major market downturn, seeking $2 billion for a new crypto fund. A16z Crypto, the blockchain arm of venture capital firm Andreessen Horowitz, is raising a fifth crypto-focused fund, with plans to close by mid-2026, Fortune reported on Wednesday, citing anonymous sources. The latest round is significantly smaller than its previous $4.5 billion fund from 2022, but the company has shifted to a shorter fundraising cycle to remain flexible to ever-changing crypto narratives. Read more
Bitwise has tasked Bitcoin Brink, OpenSats and the Human Rights Foundation with deciding where to allocate its second annual donation to support Bitcoin. Crypto asset manager Bitwise has now donated a total of $383,000 to support developers who maintain and secure the Bitcoin network since 2024, with its latest $233,000 contribution announced on Wednesday. Its second payout, funded by 10% of gross profits from its Bitwise Bitcoin ETF (BITB), adds to the $150,000 that it donated in February 2025 after BITB’s first full year. “Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network,” Bitwise said in a post to X on Wednesday. Read more
The stablecoin issuer led a $50 million funding round for Eight Sleep as the companies explore AI-driven health monitoring and sleep optimization. Stablecoin firm Tether has led a $50 million strategic investment round in sleep technology startup Eight Sleep, to help the company integrate artificial intelligence agents into its sleep tech products. The latest funding round was announced on Tuesday, with Eight Sleep raising $50 million at a $1.5 billion valuation. It follows a $100 million raise last August. The firm specializes in sleep health products, primarily across bedding and supplements. In an announcement on Tuesday, Tether expressed its strong conviction in health technology to support “longevity, performance, and disease prevention,” and will collaborate with Eight Sleep to bring artificial intelligence-based health technology products to market. Read more