Looking at the charts you might think nothing but bearish thoughts, but if you look elsewhere, like where venture capital is allocating, you'd see nothing but green.
Dragonfly Capital has raised $650 million
to launch a new venture fund dedicated to all things crypto. The new Dragonfly Fund III is actually much bigger than the $500 million initially declared to the United States Securities and Exchange Commission back in January. So, despite all the bearish signals in the crypto market as far as prices go, venture capital investors are oversubscribing to funds whose sole purpose is to back blockchain startups.
We are excited to officially announce the creation of Crossover Markets! More announcements coming soon!
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