a16z Crypto rebrands as a16z Frontier, expanding investment scope from crypto to frontier tech startups

Odaily reports that a16z co-founder and crypto business lead Chris Dixon announced that a16z Crypto will be renamed a16z Frontier, expanding its investment scope from crypto startups to a broader range of frontier technology sectors, with a focus on supporting companies developing new technologies, creating new markets, and potentially facing longer commercialization cycles. Dixon stated that this adjustment represents business expansion rather than an exit from the crypto space; the fund will continue to invest in crypto and related projects and promote sound crypto regulatory policies. The new fund will also focus on AI and the new products and markets it spawns, including autonomous machines, hardware-software integrated startups, and new types of networks connecting humans and agents.

Dixon believes that blockchain will play an important role in this round of technological transformation, that stablecoins are becoming a common tool for fintech companies and traditional institutions, and that blockchain is also expected to support machine-to-machine transactions and provide native economic capabilities for new types of networks. The fund will be jointly led by Dixon, Marc Andreessen, Ben Horowitz, along with Eddy Lazzarin and Guy Wuollet.

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Within 4 hours, two liquidations occurred yet the address continued to open longs. A certain address opened a $2.22 million SOXL long.
Odaily reports: According to monitoring by on-chain analyst Yu Jin, a certain address opened long positions in SOXL twice within 4 hours and was liquidated both times. Last night at 11 PM, the address opened a long position in SOXL worth $5.42 million, and was liquidated in less than 1 minute, losing $316,000. At 1 AM today, the address again opened a long position in SOXL worth $4.97 million, and was liquidated 2 hours later, losing $270,000. Just 2 minutes after the second liquidation, the address continued to open a long position in SOXL worth $2.22 million, and this position has not yet been liquidated.
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BTC falls below 81000 USDT, 24H decline 4.24%
Odaily reports, according to OKX market data, BTC has fallen below 81000 USDT, currently trading at 80966.4 USDT, with a 24H decline of 4.24%.
a16z Crypto rebrands as a16z Frontier, expanding investment scope from crypto to frontier tech startups
Odaily reports that a16z co-founder and crypto business lead Chris Dixon announced that a16z Crypto will be renamed a16z Frontier, expanding its investment scope from crypto startups to a broader range of frontier technology sectors, with a focus on supporting companies developing new technologies, creating new markets, and potentially facing longer commercialization cycles. Dixon stated that this adjustment represents business expansion rather than an exit from the crypto space; the fund will continue to invest in crypto and related projects and promote sound crypto regulatory policies. The new fund will also focus on AI and the new products and markets it spawns, including autonomous machines, hardware-software integrated startups, and new types of networks connecting humans and agents.Dixon believes that blockchain will play an important role in this round of technological transformation, that stablecoins are becoming a common tool for fintech companies and traditional institutions, and that blockchain is also expected to support machine-to-machine transactions and provide native economic capabilities for new types of networks. The fund will be jointly led by Dixon, Marc Andreessen, Ben Horowitz, along with Eddy Lazzarin and Guy Wuollet.
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