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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a16z 联创 Marc Andreessen 加入美联储 AI 工作组，研究 AI 对生产力与就业影响
据 Cointelegraph 报道，美国联邦储备委员会（Fed）宣布，a16z 联合创始人 Marc Andreessen 将加入由美联储主席 Kevin Warsh 领导的“生产力与就业”工作组，负责研究人工智能及新兴技术对经济增长、就业市场和生产效率的影响，该工作组成员还包括斯坦福大学经济学教授 Charles I. Jones（目前在 Anthropic 休假任职）以及微软执行副总裁、Xbox 负责人 Asha Sharma。
Cointelegraph
Federal Reserve Announces Leadership and Objectives of Five Major Monetary Policy Task Forces
According to the Federal Reserve's official website, Federal Reserve Chair Kevin Warsh announced on July 9 the establishment of five monetary policy task forces, led jointly by external economists, business leaders, and former central bank officials, operating independently and providing research results to the Federal Open Market Committee (FOMC). The research directions of the five task forces are as follows: • Communication Mechanism: Led by former Governor of the Bank of England Mervyn King and others • Balance Sheet Policy: Led by Harvard University Professor Karen Dynan, University of Chicago Professor Raghuram Rajan, and others • Quality of Economic Data: Led by Harvard University Professor Raj Chetty, former Walmart CEO Doug McMillon, and others • Productivity and Employment: Led by a16z Co-founder Marc Andreessen, Microsoft Xbox CEO Asha Sharma, and others • Inflation Framework: Led by Harvard University Professor and former Chairman of the Council of Economic Advisers Greg Mankiw, Nobel Laureate in Economics Thomas Sargent, and others Warsh stated that the Federal Reserve's commitment to price stability and maximum employment is unwavering, and these task forces aim to evaluate and optimize policy tools and analytical methods to address the current important economic situation.
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Data center operator Switch launches $2 billion private financing, a16z leads the investment
According to Bloomberg, data center operator Switch has officially launched a $2 billion private financing round led by a16z. Sources familiar with the matter revealed that Switch's enterprise valuation (including debt) following this financing could approach $50 billion, with an equity value of approximately $19 billion (excluding new investment). a16z is set to invest approximately $400 million. Additionally, Goldman Sachs Group and JPMorgan Chase are assisting in facilitating this financing round, which may prepare Switch for an initial public offering (IPO) as early as next year. Relevant negotiations are currently ongoing, and the financing size, valuation, and timing remain subject to adjustment. Headquartered in Las Vegas, Switch was founded in 2000 and currently operates data centers in Nevada, Michigan, Georgia, and Texas. Its majority equity is held by DigitalBridge, which previously privatized Switch in a transaction valued at approximately $11 billion (including debt) in 2022 alongside investors such as IFM Investors.
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摩根大通
a16z has cumulatively sold off 154,242 HYPE tokens over the past two days, valued at approximately $10.19 million
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a16z is continuously selling $HYPE tokens, having cumulatively sold off 154,242 HYPE (approximately $10.19 million) over the past two days, with the latest transaction involving a deposit of 76,840 HYPE (approximately $5 million) to multiple centralized exchanges.
Hypercent
Hyperliquid
Onchain
a16z-affiliated entity transfers 77,400 HYPE worth $5.18 million to exchanges in 5 hours
that, according to on-chain analyst Ai Yi's monitoring, an a16z-affiliated entity has not accumulated HYPE for a week. Over the past 5 hours, it has transferred a total of 77,400 HYPE, worth $5.18 million, to various exchanges. The entity transfers tokens to exchanges with high frequency, but the scale is lower than its accumulation magnitude; the price of HYPE has remained largely flat over the past week.
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Hyperliquid
Serenity: The Robotics Sector is on the Cusp of an Explosion, with Capital and Transactions Both Accelerating
"White-Haired Stock God" Serenity posted on X platform, stating that robots are becoming the next key direction for capital. According to March data from PitchBook (citing a16z observations), both the number of transactions and the investment amount in this field are showing a "steep upward" trend, indicating that capital is rapidly converging into the robotics track.It is worth noting that there is currently a significant "cross-mapping" effect between AI infrastructure investment and the humanoid robotics industry: many underlying investments related to AI Data Centers (DC) are also providing critical support for the large-scale deployment of humanoid robots. For instance, the relationship between DRAM/NAND and storage/inference capabilities corresponds to the robots' memory and real-time inference abilities; DFB lasers and photonics technology are directly linked to the application of FMCW LiDAR in robot vision and perception systems.Currently, the market's primary exposure is still concentrated in upstream components and foundational technology layers, as well as within the internal projects of large tech companies, such as the robotics and automation initiatives within the ecosystems of Amazon and Tesla.Looking ahead, as the technology chain gradually matures, pure humanoid robot and robotics companies are expected to enter a global IPO window around 2027. The market generally anticipates that the period from H2 to 2027 could mark the significant starting point of a cycle for the securitization of independent robotics assets.
Serenity
a16z crypto: Prediction market trading volume hits a new record for three consecutive weeks, with weekly volume rising to $14.4 billion
data released by a16z crypto shows prediction market trading volume has set a new all-time high for the third consecutive week. Last week, total market trading volume reached $14.4 billion for the first time, a significant increase from approximately $5–6 billion at the beginning of the year. The previous peak of around $10 billion was set just a week prior. Additionally, open interest rose to $1.6 billion, hitting a new record for the third straight week, indicating that the pace of new position opening continues to outpace closing, resulting in ever-expanding capital exposure. Notably, growth in non-sports markets—covering areas such as macroeconomics and unexpected events—has been particularly pronounced. Last week, combined trading volume on Kalshi and Polymarket reached $3.6 billion, already surpassing the total volume of all prediction market categories last year.
Kalshi
Polymarket
Kalshi in Talks to Raise Funding at $40 Billion Valuation
prediction market platform Kalshi is in talks to raise a new round of funding at a valuation of approximately $40 billion, with a potential deal closing as early as the third quarter. Last month, Kalshi completed a $1 billion funding round from investors including Sequoia Capital, Andreessen Horowitz, Coatue, and Morgan Stanley, at a valuation of $22 billion.Kalshi CEO Tarek Mansour stated that the company is considering an IPO, but it will not go public in 2026, with a potential listing likely no earlier than late 2027 or 2028. Kalshi reported that as of April 2026, its annualized trading volume reached $178 billion, a 32-fold increase year-over-year.Kalshi is currently embroiled in a legal dispute between U.S. state and federal regulators over the oversight of prediction markets. The controversy includes whether sports event contracts constitute derivatives regulated by the CFTC or illegal gambling. CME has sued the CFTC over its approval of Kalshi's "perpetual" futures, Kentucky sued Kalshi and Polymarket this month, and the CFTC subsequently sued Kentucky to block its enforcement action. (Decrypt)
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Cambrian announced the completion of a $6 million seed funding round, co-led by Franklin Templeton and Polychain Capital.
According to The Block, Cambrian, a blockchain data infrastructure startup, has announced the completion of a $6 million seed funding round co-led by Franklin Templeton and Polychain Capital. Flow Traders, Selini Capital, Paper Ventures, and Nomad Capital also participated. Angel investors include Jason Mo, Avi Felman, and Alex Lee and Willy Chuang, co-founders of TrueNorth. This round was structured as a SAFE with token warrants, and Franklin Templeton and Polychain Capital have secured board observer seats. With this round, Cambrian’s total funding raised reaches $11.9 million, including its previously announced $5.9 million pre-seed round led by a16z CSX.
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Prediction market platform Kalshi is in talks for a new funding round, with a valuation of approximately $4 billion.
According to the UK’s Financial Times, prediction market platform Kalshi is in talks for a new funding round valuing the company at approximately $4 billion, potentially closing as early as Q3 this year. Last month, Kalshi raised $1 billion at a $2.2 billion valuation, with investors including Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley.
Kalshi
Blockchain data infrastructure company Cambrian raises $6 million in seed funding, co-led by Franklin Templeton and Polychain
Odaily reports: Blockchain data infrastructure startup Cambrian has secured $6 million in seed funding, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.As previously reported by Odaily, Cambrian also received a $5.9 million pre-seed investment led by the a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million.Founded in 2024, Cambrian currently offers APIs for institutions and AI agents, providing real-time and historical on-chain data covering yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain. The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI agent builders, and protocols that require reliable data to control capital flows. Unlike traditional oracles that primarily provide price data, Cambrian aims to aggregate data from lending protocols, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexes approximately $4.5 billion in TVL across four major lending protocols, tracks 1,789 vaults managed by 895 curators, and monitors over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support by integrating Hyperliquid and richer perpetual contract data.
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a16z-affiliated wallet withdraws 12,780 ETH from Binance, valued at approximately $21.21 million
According to on-chain analyst Onchain Lens (@OnchainLens), an a16z-related wallet has again withdrawn 12,780 ETH from Binance, valued at approximately $21.21 million. In total, this wallet has now transferred 25,560 ETH—worth roughly $42.3 million—out of Binance; the related funds have subsequently been moved to a new wallet address.
Binance
Ethereum
Onchain
An address believed to be associated with a16z withdrew 12,780 ETH (worth $21.22 million) from Binance
According to Onchain Lens monitoring, a wallet (0xb5E4...c24e) suspected to be linked to a16z withdrew 12,780 ETH, valued at $21.22 million, from Binance.
Binance
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Onchain
Allium, a blockchain data analytics startup, has closed a $40 million Series B funding round led by Amplify Partners.
According to Fortune, New York-based blockchain analytics firm Allium has announced a $40 million Series B funding round, led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures. Allium specializes in cleaning and integrating complex on-chain data, serving institutional clients including Visa, the Federal Reserve, Coinbase, and a16z Crypto.
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Goldfinch’s African crypto-lending project collapses, GFI token plunges 99.8%
According to Protos, Goldfinch—a decentralized lending protocol backed by a16z and originally designed to serve Africa’s unbanked population—is now in deep crisis. On-chain data shows that out of the project’s eight borrowers, two have formally defaulted and six have entered debt restructuring, resulting in cumulative losses exceeding $18 million. Depositors lament that their $50 million investment has “gone down the drain.” Its native token, GFI, has plummeted from its January 2022 high of $32.94 to under $0.07—a 99.8% decline—and the project’s market cap has shrunk from a peak of $390 million to less than $6 million. Goldfinch previously extended over $100 million in loans to borrowers across 18 countries—including a Kenyan motorcycle rental company and a Nigerian salary-advance platform—but its core problem lies in the severe lack of off-chain credit assessment. Borrowers frequently misappropriated funds and refused to repay. As default rates climbed, the project quietly abandoned its original focus on African emerging markets and pivoted toward institutional credit funds such as Ares and Apollo—effectively rendering its original inclusive finance vision hollow.
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Prediction market open interest has hit a new all-time high for the second consecutive week, reaching $1.48 billion
a16z crypto posted on the X platform, stating that prediction market open interest reached $1.48 billion in the week ending June 15, hitting a new all-time high for the second consecutive week. Unlike trading volume, which reflects daily activity, open interest tracks the funds participants have deployed and remain at risk. This metric has grown approximately sixfold over the past year, indicating that users are maintaining longer-term financial positions and that prediction markets are evolving into durable market infrastructure. Major events attract a large number of users, and more traders are staying to participate in a wide range of markets covering politics, economics, culture, crypto, and more.Previously, a16z crypto stated that multiple events, including the World Cup, synergized to push prediction market weekly trading volume to a new all-time high of $10.8 billion.
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a16z crypto: Multiple Events Including World Cup Drive Prediction Market Weekly Trading Volume to Record High
data disclosed by a16z crypto shows the prediction market's weekly trading volume has reached $10.8 billion for the first time, hitting an all-time high. This record-breaking growth has been driven by a confluence of global events, including the SpaceX IPO, the US-Iran peace agreement, the NBA Finals, and the World Cup.a16z crypto noted that the prediction market has expanded rapidly over the past year. A year ago, weekly trading volume stood at approximately $500 million, and even during active market periods, it remained below $1 billion. Since last autumn, however, volume has steadily climbed, stabilizing in the range of $6 billion to $7 billion this spring. Even during the current "low volatility weeks," the market size has significantly surpassed last year's peak levels, indicating a continuous structural upward shift in prediction market liquidity and participation.
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Twelve wallets suspected to be linked to a16z have transferred 24 million USDC to Hyperliquid in the past 20 hours
: According to monitoring by on-chain analyst Ember, twelve wallets suspected to be linked to a16z have transferred 24 million USDC to Hyperliquid in the past 20 hours. They are currently buying HYPE via a TWAP (Time-Weighted Average Price) strategy.They are currently the largest institutional holder of HYPE and one of the main driving forces behind HYPE's continuous new highs in recent months:Excluding the ongoing buying portion, they have used over one hundred wallets since March to transfer a total of 259 million USDC to Hyperliquid for purchasing and staking 4.035 million HYPE, with an average price of approximately $64. Their unrealized profit stands at about $29 million.
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a16z crypto: The crypto industry enters the 'Show Me' era, shifting from narrative-driven to data-verified
a16z crypto has stated in an article that the crypto industry is entering the so-called "Show Me era," where the market and media no longer accept projects relying solely on vision and whitepapers but demand real data and verifiable product deployment. In the past decade, crypto projects often depended on a "vision is the product" logic, gaining market attention through whitepapers, token narratives, and proof-of-concept. However, as regulatory scrutiny intensifies, negative industry incidents increase, and institutional players enter the space, this model is becoming obsolete. Simultaneously, the accelerated entry of traditional financial institutions into the crypto field is significantly raising the industry bar, including BlackRock's tokenized money market funds, Fidelity's ETF initiatives, and JPMorgan Chase's advances in on-chain settlement and building its own blockchain network. This makes "real products and actual usage" the new competitive standard.a16z crypto summarizes the current industry standard as a "proof-first" mechanism, requiring projects to demonstrate clear product usage data, on-chain transaction volumes, genuine user growth, and sustained retention, rather than merely intentions to partner or conceptual roadmaps. The firm emphasizes that "partnership announcements" no longer constitute valid signals; they must be accompanied by actual integrations and verifiable data. Meanwhile, user growth, on-chain activity, revenue curves, and third-party verification have become core evaluation metrics. The article further introduces the concept of a "proof stack," where projects need to convert narrative into credible product facts through a multi-dimensional chain of evidence — real users, independent verification, on-chain data, and established partnerships.a16z crypto believes that the industry's communication logic has shifted from "what you are doing" to "what you have already accomplished." It emphasizes that while narrative and vision remain important, their weight has dropped from approximately 80% in the past to 20% now, as the industry officially enters a competitive phase centered on results.
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An a16z-affiliated entity minted 88,350 HYPE tokens in the past 30 minutes, valued at approximately $6.4 million.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), an a16z-affiliated entity withdrew 88,350 Hyperliquid (HYPE) tokens—valued at approximately $6.4 million—from multiple exchanges in the past 30 minutes. Since 2026, this address is suspected to have accumulated a total of 7.335 million HYPE tokens, with a total value of roughly $340 million and an average purchase price of approximately $46.46 per token. At the current market price, its unrealized gains amount to approximately $193 million.
Hypercent
Hyperliquid