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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An a16z-affiliated whale purchased an additional 261,250 HYPE tokens—worth approximately $15.2 million—in the past hour.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale associated with a16z purchased an additional 261,250 HYPE tokens (approximately $15.2 million) within the past hour. Since April 14, this whale has accumulated a total of 3.17 million HYPE tokens, spending roughly $148.5 million at an average price of $46.8 per token, with an unrealized profit of approximately $33 million as of now.
Hypercent
Hyperliquid
Lookonchain
a16z Crypto explores the fundamental tension between “censorship resistance” and “low latency” in blockchains
a16z Crypto published an article exploring the fundamental contradiction between blockchain “censorship resistance” and “low latency,” pointing out that any Byzantine Fault Tolerant (BFT) blockchain protocol with censorship resistance, where more than one-fifth of validators could be malicious, requires at least 5 rounds of communication for its optimal good-case latency, whereas traditional BFT consensus only requires a minimum of 3 rounds.The article notes that in traditional BFT protocols, the block proposer holds the power for both block construction and consensus progression, allowing them to censor by excluding specific transactions. This is also a major source of the MEV problem. To address this issue, Ethereum is researching FOCIL / EIP-7805, while Solana is exploring mechanisms like Constellation and MCP. The core idea behind these approaches is to have validators proactively collect "Inclusion Lists" of transactions that cannot be ignored before a block is formally proposed.a16z Crypto states that achieving censorship resistance requires two additional rounds of communication: first, user transactions must be broadcast to all validators, and then the validators need to confirm and write these into an inclusion list before the consensus process can begin. Therefore, in a partially synchronous network environment, there is no protocol design that can achieve both BFT and censorship resistance in just 4 rounds; 5 rounds represent the mathematical lower limit.The article emphasizes that while a censorship-resistant mechanism increases protocol latency, it can significantly reduce the "effective latency" users actually experience. In a system lacking censorship resistance, transactions may be indefinitely delayed due to validator censorship. Conversely, in a system with censorship resistance guarantees, transactions will be included in a block within a maximum of 5 rounds of communication, making transaction confirmation times more predictable.
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a16z Crypto: Blockchain Drives Finance Toward a “Cloud Transformation,” and Wall Street Is Entering the Era of Composable Digital Assets
Guy Wuollet, General Partner at a16z Crypto, wrote that the financial industry is undergoing a “digital migration” analogous to the cloud computing era—and blockchain is emerging as the core infrastructure driving this transformation. Wall Street’s adoption of blockchain is not motivated by the ideology of “decentralization,” but rather by practical needs: mitigating counterparty risk, improving settlement efficiency, and ensuring fair ordering mechanisms. “Digital assets,” in essence, represent the migration of the financial system’s underlying architecture onto blockchains—akin to how enterprise IT systems shifted from on-premises deployments to cloud services. When financial assets run on programmable, shared infrastructure, they unlock “composability”—a defining advantage enabling assets to be freely combined and extended like software. This significantly reduces development costs and boosts overall innovation efficiency across the financial system. This trend will propel traditional finance from “closed reconciliation systems” toward “on-chain coordination networks,” and blockchain technology will gradually become a standard component of the financial infrastructure layer.
Street
Syndicate Labs Decides to Shut Down Due to Severe Market Contraction
Syndicate Labs stated that after five years of developing on-chain infrastructure for customizable Ethereum Rollups and sequencers, the company has decided to shut down due to a drastic contraction in the Rollup market. Syndicate Labs previously completed a $20 million Series A funding round led by Andreessen Horowitz in 2021.This decision caused the SYND token price to drop 21% in the past three hours, hitting an all-time low of $0.012, a 99.5% decline from its peak of $2.61 in September 2025.Additionally, Syndicate Labs stated that the Syndicate Network Collective operates independently of Syndicate Labs, so the governance of the SYND token will not be immediately affected. The decision to shut down was not influenced by the previous hacking incident involving bridged assets.
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Kalshi closes $200 million Series F extension round, with Baillie Gifford and Layer Global participating
sources revealed prediction market platform Kalshi has raised an additional $200 million from Baillie Gifford and Layer Global, further expanding the $1 billion funding round previously led by Coatue Management, while maintaining a company valuation of $22 billion.Earlier this month, Kalshi announced the completion of a $1 billion Series F round, with participants including Sequoia Capital, a16z, IVP, Paradigm, Morgan Stanley, and ARK Invest.Data shows that Kalshi's monthly trading volume in April exceeded $14 billion, with annualized revenue surpassing $1.5 billion. (Bloomberg)
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Fintech company Mercury completes $200 million funding round with participation from a16z and Sequoia Capital
fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV with participation from Sequoia Capital, Andreessen Horowitz (a16z), Coatue Management, and other institutions.Mercury primarily provides banking services to startups. It currently serves over 300,000 clients and has achieved approximately $650 million in annualized revenue. The company stated that the recent surge in AI entrepreneurship has significantly driven demand for new company registrations and account openings, serving as a key growth driver.Meanwhile, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking charter. This would enable it to expand lending capabilities, gain access to payment networks like Zelle, and reduce its reliance on partner banks. The company's founder stated that the long-term goal remains an independent IPO rather than an acquisition. (CNBC)
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Exa Labs Completes $250 Million in New Funding, Led by a16z
Odaily AI search startup Exa Labs has completed a new funding round of $250 million, led by a16z, with a post-investment valuation rising to $2.2 billion. The company focuses on building search engine infrastructure for the AI era. Following this funding round, its valuation has more than tripled from approximately $700 million last fall. Industry insiders believe that with the accelerated adoption of artificial intelligence, the traditional search engine landscape dominated by Google may be reshaped. (Bloomberg)
AI fintech company Moment completes $78 million funding, led by Index Ventures
Moment, an AI fintech company founded by former Citadel Securities quantitative traders and researchers, has announced the completion of a $78 million funding round, led by Index Ventures with participation from existing investors including a16z and Avra. Moment has established partnerships with institutions such as Edward Jones, LPL Financial Holdings, and Hightower Advisors, primarily providing AI automation infrastructure for fixed income and equity trading. The new capital will be used to accelerate the deployment and product expansion of AI in Wall Street trading systems. (Bloomberg)
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Catena Labs closes $30 million Series A funding round, led by Acrew Capital and a16z crypto
According to Fortune, Catena Labs—founded by Sean Neville, co-founder of Circle—has raised $30 million in its Series A funding round, led by Acrew Capital and a16z crypto, with participation from Breyer Capital, General Catalyst, and QED. Catena Labs focuses on developing tools that enable AI agents to conduct financial transactions securely. The company has applied to the U.S. Office of the Comptroller of the Currency (OCC) in New York for a national trust bank charter, seeking regulatory authorization to process payments and hold customer funds. Previously, in 2025, Catena Labs secured an initial $18 million financing round led by a16z crypto.
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a16z withdraws another 44,500 HYPE from Gate
Odaily reports, according to on-chain analyst Ai Yi's monitoring, a16z withdrew another 44,500 HYPE (worth $2.16 million) from Gate just 2 minutes ago.
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Hypercent
Hyperliquid
a16z May Have Become the Largest External Holder of HYPE, with Cumulative Positions Exceeding $356 Million
According to on-chain analyst Ai Aunt (@ai_9684xtpa), a16z (@a16zcrypto) may have become the sixth-largest HYPE holder—and the largest external holder, assuming the top five holders are all entities within Hype’s own ecosystem. Data shows that a16z initiated large-scale accumulation of HYPE in August 2025, acquiring a total of 9.18 million HYPE tokens (approximately $356 million) at an average purchase price of $38.77 per token. After deducting amounts transferred to exchanges and market makers, a16z still holds 8.844 million HYPE tokens, distributed across dozens of addresses. Within just the past 11 hours, a16z added another 206,000 HYPE tokens (approximately $9.95 million) to its holdings. Since April 16, it has accumulated 2.35 million HYPE tokens (approximately $102 million); and since 2026, it has accumulated 4.92 million HYPE tokens (approximately $183 million). At current prices, its unrealized profit per token stands at $79.29 million.
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Hyperliquid
Patent AI company Stilta raises $10.5 million, led by a16z
According to Stilta’s official press release, on May 19, 2026, Stilta—a litigation-focused, agent-style AI company—announced it had raised $10.5 million in funding, led by Andreessen Horowitz (a16z), with participation from founders and operators of Sana, Legora, OpenAI, Lovable, and Listen Labs, as well as Y Combinator. Founded in 2026 by four former members of McKinsey’s AI practice, Stilta’s AI platform performs reasoning and analysis across 180 million patents, 250 million scientific papers, and over one trillion web archives, helping enterprises conduct patent infringement evidence gathering, clear commercialization pathways, and uncover the value of patent portfolios. Since its launch in February this year, Stilta has signed contracts with companies including Roche, Alfa Laval, and Maersk, as well as three of the world’s top five intellectual property law firms.
Listen
A whale associated with a16z created a new wallet to purchase 206,325 HYPE and stake it
Odaily Planet Daily reported that according to Lookonchain monitoring, a whale (0x4c6...828) associated with a16z created a new wallet. Over the past 10 hours, it purchased 206,325 HYPE, worth $9.95 million, and has staked them. Since April 14, this whale has accumulated a total of 2.34 million HYPE, with a total value of $102 million.
Hypercent
Hyperliquid
Lookonchain
Planet
Planet
Planet
France risks missing the wave of AI agents and stablecoin payments: Experts say tax system needs adjustment within 6 months to avoid being marginalized
: An opinion piece published in the French media *Le Monde* points out that France may have only about 6 months to seize the new wave of industrial revolution led by "agentic AI". Otherwise, it risks being marginalized in the global digital financial system. Several French crypto industry insiders argue that online transactions driven by AI agents are growing rapidly, with most settlements already completed via stablecoins. According to the *State of Crypto* report by Andreessen Horowitz, the annual transaction volume of stablecoins has reached approximately $46 trillion, nearly three times that of Visa and 20 times that of PayPal, establishing them as a key infrastructure in the global payment system.The article further points out that the x402 standard, promoted by Coinbase and adopted by Cloudflare, Google, and Visa, already supports AI agents in automatically completing payments via stablecoins, with cumulative transactions exceeding 119 million to date.However, in terms of the tax system, France's current provisions are criticized as being unable to adapt to this trend. The complex tax treatment between stablecoin exchanges and fiat withdrawals is believed to discourage the flow of funds back into the banking system, causing a large volume of digital asset transactions to remain within the stablecoin ecosystem for extended periods. As AI agents and stablecoin payments gradually converge, the global financial infrastructure is being restructured. If France fails to promptly adjust its regulatory and tax framework, it may miss out on the dividends of this new wave of the digital economy.
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Bernstein: CLARITY Act Yield Compromise to Strengthen Circle's Competitive Edge
Odaily. Bernstein stated in its latest research report that the newly reached compromise on stablecoin yields under the U.S. CLARITY Act is structurally beneficial for Circle and the USDC ecosystem.The report notes that the current version of the bill prohibits stablecoin issuers from paying interest to passive holders that is "economically equivalent" to bank deposits, but allows reward mechanisms tied to actual transaction, payment, and usage activities to continue. Bernstein believes this means Circle's current model, which relies on partners like Coinbase to provide USDC reward programs, will gain regulatory recognition, while also limiting the industry's ability to compete for market share through high yields.Bernstein points out that the bill effectively reinforces the positioning of stablecoins as "payment tools" rather than "deposit substitutes," helping to protect Circle's current business model that relies on reserve income. The firm maintains an "Outperform" rating for Circle with a $190 target price.Data shows that the total global supply of dollar-pegged stablecoins has surpassed $300 billion, with USDT and USDC collectively accounting for approximately 97% of the market share. Bernstein notes that USDC's share in on-chain payments and wallet transfers is steadily increasing, and its share of payments in the AI Agent payment protocol x402 has exceeded 99%.Additionally, Bernstein mentioned that Circle's ARC chain has cumulatively completed 244 million testnet transactions. The ARC token pre-sale previously raised $222 million, with investors including a16z crypto, Apollo Funds, ARK Invest, and BlackRock.However, the report also points out that the CLARITY Act still needs to complete multiple legislative procedures before it takes effect, including a 60-vote threshold in the full Senate and coordination with the House version. Polymarket currently estimates its probability of passage by 2026 at approximately 62%. (The Block)
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a16z-linked wallet buys another $16.91M in HYPE within 3 hours, cumulative holdings exceed $90M
according to Lookonchain monitoring, wallet 0xb5E4, associated with a16z, has purchased another 372,000 HYPE tokens in the past 3 hours, valued at approximately $16.91 million.Data shows that since April 14, this address has accumulated a total of 2.11 million HYPE tokens, worth approximately $90.87 million.
Hypercent
Hyperliquid
Lookonchain
a16z: CLARITY Bill Advances in Senate, Potentially Reshaping U.S. Crypto Regulatory Landscape
According to a post by a16z crypto, on May 14, the U.S. Senate Committee on Banking, Housing, and Urban Affairs advanced the “Digital Asset Market CLARITY Act” (CLARITY) via a bipartisan vote—a historic step forward for U.S. crypto market structure legislation. The CLARITY Act aims to establish a clear regulatory framework for blockchain networks and digital assets. Its core provisions include: clarifying the jurisdictional boundaries between the SEC and the CFTC over crypto assets; regulating crypto exchange operations; protecting consumer rights; and providing a clear pathway for blockchain networks to operate compliantly in the United States. a16z notes that, over the past decade, the U.S. reliance on “regulation-by-enforcement instead of legislation” has not only distorted markets and stifled innovation but also spurred widespread regulatory arbitrage—driving numerous crypto projects overseas. The bill draws upon the 2024 FIT21 Act and the House version of the CLARITY Act introduced in 2025, further refining and strengthening those proposals. Currently, the drafts from the Senate Banking Committee and the Senate Committee on Agriculture, Nutrition, and Forestry will be consolidated into a unified bill for a full Senate vote. Upon passage, it must still be approved by the House of Representatives and signed into law by the President to take effect. a16z compares this legislative milestone to the historic significance of the 1933 Securities Act and cites the explosive industry growth following the passage of the GENIUS stablecoin bill as precedent—arguing that once enacted, CLARITY will usher in a new wave of innovation across the U.S. crypto industry.
Digital Asset
Market
a16z-linked wallet buys another 74,175 HYPE, accumulatively purchasing 1.71 million tokens this month
Odaily reports, according to Lookonchain monitoring, an a16z-associated wallet (0xb5E4...c24e) has purchased another 74,175 HYPE, valued at $3.38 million. Over the past month, this wallet has accumulatively purchased 1.71 million HYPE, valued at $72.81 million.
Hypercent
Hyperliquid
Lookonchain
TownSquare Announces $100 Million USD1 Stablecoin Liquidity Program
TownSquare, an infrastructure platform focused on institutional yield and cross-chain lending brokerage services, has announced a $100 million USD1 token liquidity program—a strategic initiative designed to bring institutional-grade and cross-chain yield opportunities to a broader user base via World Liberty Financial’s USD1 stablecoin and institutional yield strategies. Previously, TownSquare collaborated with the World Liberty Financial DeFi team to integrate the USD1 token onto Monad, a high-performance EVM-compatible chain, and received official incentives from the Monad Foundation. The team stated that this new liquidity program marks TownSquare’s continued commitment to expanding DeFi’s real-world applicability and delivering institutional strategy yields to more assets. Currently, the project’s official website has launched its cross-chain lending functionality, while its yield vault product is listed as “Coming Soon.” According to official information, the project has previously completed a funding round backed by Monad, a16z, Aptos, Solana Bonk, and other U.S. and European angel investors and VCs. The founding team includes alumni from Coinbase, Meta, Accenture, and market-making firms. Details about the project’s next funding round have not yet been disclosed.
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Bonk
Coinbase
Foundation
Foundation
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Fintech company Stitch raises $25 million in Series A funding, led by a16z
fintech company Stitch announced the completion of a $25 million Series A funding round, led by a16z. The company's main business is building operating systems for modern financial institutions. Its API-first platform enables banks, fintech companies, and non-financial institutions to launch, scale, and operate financial products on a modular technology stack. Over the past six months, Stitch's platform transaction volume has exceeded $5 billion. In 2025, the number of customers increased by 10 times, and revenue grew by 20 times.a16z stated that after years of in-depth research into global fintech infrastructure opportunities, Stitch is the clearest representation of next-generation infrastructure they have discovered.