Dragonfly

2026-10-30 20:12

Dragonfly Partner: Market Reaction Following Binance Hack Far More Calm Than FTX, Says Industry Has Matured

He pointed out that the losses from this theft amount to slightly over $6 billion. In dollar terms, it is roughly 25% less than FTX's funding gap. However, the market maintains high confidence in Binance's commercial credibility, and the industry quickly came together to assist one another. He believes this shows that the sector has matured.

Binance FTX Market

2026-10-24 20:33

Dragonfly Partner Questions DFINITY's Technical Infringement Allegations: Related Patent Was Only Approved at the End of July

Dragonfly partner Haseeb Qureshi responded via post to DFINITY founder Dominic Williams' earlier allegations that NEAR Intents had unauthorizedly used threshold ECDSA signature technology. Screenshots of the relevant patent application status shared by Qureshi show that the patent was not approved until late July this year, having previously been in a "patent application" state. NEAR Intents modified the relevant algorithm in September this year. Haseeb Qureshi added that, if Dominic Williams' own account is accurate, the alleged patent infringement may have covered only a period of roughly one month. Furthermore, the relevant algorithm was originally published in an academic paper under a CC BY license, which NEAR also referenced in its implementation.

Furthermore NEAR Intents NEAR Protocol

2026-10-23 06:08

Holding $22.96 million in hyperliquid, Dragonfly Capital transferred 30,000

Odaily reports: According to Onchain Lens monitoring, Dragonfly Capital (0xF70...3a5) transferred 30,000 hyperliquid to FalconX, worth $2.33 million, possibly for over-the-counter sale. One month ago, this address transferred 41,400 hyperliquid to FalconX, worth $3.21 million. It currently still holds 296,100 hyperliquid, worth $22.96 million.

FalconX Onchain

2026-10-22 10:53

Dragonfly Partner: On-Chain Hacking Attacks Surge, But Stolen Funds Remain Flat Compared to 2025, Smaller Protocols Become Primary Victims

Dragonfly Managing Partner Haseeb Qureshi (@hosseeb) posted on X stating that the cybersecurity sector is experiencing a pandemic-like wave of attacks. He views on-chain breaches as a "warning signal" for the broader internet security landscape, as it remains the easiest place for cyberattacks to be monetized. He noted that while the volume of exploits in the crypto space has surged significantly, the annualized value of stolen assets remains roughly consistent with 2025 levels—indicating a trend of increased attack frequency offset by smaller individual amounts. Smaller, under-maintained protocols are facing mass breaches, while major protocols have already integrated AI tools to bolster their defenses. He anticipates that a similar dynamic will soon emerge in the traditional cybersecurity industry.

Chain frequency Surge Surge Surge Surge

2026-10-12 15:24

Trading Volume Grows in Tandem: Hyperliquid and Centralized Exchanges Are Not Experiencing a One-Way Shift in Market Share

Dragonfly Managing Partner Haseeb Qureshi stated that Hyperliquid has limited user base overlap with centralized exchanges, with many users who cannot complete compliant KYC or have difficulty accessing mainstream platforms using Hyperliquid as their primary trading gateway. While Hyperliquid's market share has grown, trading volumes on centralized exchanges have not declined; both sides are expanding, and the market resembles an expansion of boundaries rather than a one-way transfer of share. Haseeb predicts that the crypto market will perform well over the next 6 to 12 months and believes that crypto investment will gradually integrate into fintech, digital banking, consumer products, stablecoin backends, and AI, among other sectors.

Hyperliquid Market Share Share

2026-10-11 01:32

CZ calls the accusations "far-fetched," Binance says depegging only began after Bitcoin bottomed

Bitcoin News posted on X that CZ called the accusations "far-fetched." Binance stated that Bitcoin bottomed at 21:20 UTC, and the depegging event began at 21:36; Ethena's and Dragonfly's Haseeb Qureshi said the timeline does not match. Star Xu replied that Bitcoin fell first, and the leverage loop further exacerbated the decline.

Binance Bitcoin Ethena

2026-10-09 21:51

Dragonfly Partner Questions 'Bunker Mode': Migrating Addresses Cannot Solve the Risk of AI Cracking Cryptographic Signatures

Odaily News: Dragonfly Managing Partner Haseeb Qureshi stated that the "bunker mode" proposed by Ethereum researcher Justin Drake to address the risk of AI cracking cryptographic signatures amounts to "cryptographic doomerism," and argued that migrating tokens to new addresses is not a real solution.Qureshi said that "bunker mode" can only protect assets that users have not yet transferred out of new addresses. If tokens in other addresses are attacked and heavily sold off, those assets could still lose value. He suggested that blockchain networks adopt a "Cryptographic Recovery Mode," using hash-based backup signature schemes that allow users to bind recovery mechanisms in advance, so that validators can assist in recovering assets after cryptographic signatures are cracked.Previously, Ethereum researcher Justin Drake warned that with the rapid improvement of AI mathematical capabilities, the ECDSA signature algorithm protecting crypto wallets could face the risk of being cracked within "months rather than years," and advised users to gradually migrate funds to new wallets that have not exposed public keys. Glassnode data shows that approximately 6.26 million BTC are currently held in addresses with potential risk. (Cointelegraph)

based Bitcoin Cointelegraph Drake Ethereum Glassnode

2026-09-30 14:16

Former Dragonfly partner Omar Kanji joins Brevan Howard

Former Dragonfly partner Omar Kanji has officially joined alternative investment management platform Brevan Howard as Head of Growth Investments and Portfolio Manager for its digital asset business, and will continue to be based in New York. Omar Kanji previously announced his departure from Dragonfly on September 1, concluding a four-year tenure.

based

2026-09-26 16:16

Dragonfly Partner: AI Won't Become Safe on Its Own, Humans Must Solve Safety and Control Issues

Dragonfly Managing Partner Haseeb posted on X platform stating that human history has faced numerous risks such as tiger attacks, the Black Death, smallpox, famine, earthquakes, and wars, but these problems did not disappear on their own—rather, humans gradually solved them through vaccines, sewer construction, alliances, and Earth science research.Haseeb stated that just because humanity has solved many risks in the past, we cannot assume that AI risks will also disappear on their own; AI will not become safe by itself, and humans must genuinely solve AI safety issues and maintain control over AI. He noted that humanity may soon hand over almost all critical control in society to AI, so it is essential to ensure that humans still hold control at that time.

Earth Safe

2026-09-25 21:09

Dragonfly Partner: As Long as AI Still Poses an "Extinction Risk," We Should Not Rush to Accelerate

Odaily reports: Dragonfly Managing Partner Haseeb stated on the X platform that he was once a professional "gambler," and his core principle was to never touch the "risk of ruin"—that is, always keep chips in reserve for rebuilding and coping with the worst-case scenario. Similarly, AI risk may not be as severe as imagined, and may be easy to solve, but as long as a reasonable possibility exists, we should not take the gamble before fully confirming otherwise.Haseeb said that if someone believes the probability of AI causing human extinction is 10%, it actually means they believe that in 90% of cases no serious consequences will occur—but humanity cannot determine which scenario it is actually in. Therefore, until it can be confirmed that the extinction risk has been eliminated, humanity should not voluntarily take on this risk.

Long Rush Rush

2026-09-18 20:04

Dragonfly Partner Calls for Zcash Development Fund to End When It Expires in 2028

Odaily reports: Haseeb Qureshi, managing partner at crypto-focused venture capital firm Dragonfly, has proposed that under current rules, the Zcash development fund should cease operations after its expiration in 2028.Qureshi wrote: "I think this should be the last development fund." He stated that the current fund size is already sufficient to support Zcash's remaining development work, and as the fund's value approaches $100 million, it may face "politicization" risks in the future. According to ZecStats data, as of press time, the Zcash development fund holds 63,962 ZEC, worth approximately $95 million.These remarks come amid ongoing industry discussions about the growing size of the development fund. The previous rise in ZEC's price drove a significant increase in the fund's value. Some also argue that Zcash should continue to maintain the development fund. Paradigm founder Matt Huang said on Wednesday that against the backdrop of improving AI network attack capabilities and the rapid development of quantum computing, the fund is particularly important.

Cointelegraph Paradigm Paradigm Zcash

2026-09-16 00:32

Dragonfly Managing Partner: Onchain Pre-IPO Derivatives Show AI Lab Valuations Not Significantly Impacted by "Slowing the Frontier Race"

Dragonfly managing partner Haseeb Qureshi stated that price movements in onchain Pre-IPO derivatives reflect interesting market expectations for AI lab valuations. He noted that Jacob Coxon's earlier pessimistic remarks about AI risk actually pushed related lab valuations higher, arguing that "scaring everyone seems to be good for business."Haseeb said that after Anthropic CEO Dario Amodei proposed "slowing the frontier race," related valuations were not significantly affected, which is not surprising, since reducing the model race means training spending declines, thereby lowering major capital expenditures. However, after David Sacks publicly criticized Dario, Anthropic's valuation was largely unaffected, while OpenAI's valuation declined, and he raised questions about the reason for this.

Frontier Onchain

2026-09-15 22:36

Uniswap Founder: Claiming Robinhood Chain Is "Dead" Based Solely on Revenue Charts Is Rather Absurd

In response to community rumors regarding Robinhood Chain's "death," Uniswap founder Hayden Adams responded by posting that it is rather absurd to claim the chain is "dead" based solely on fee revenue charts. In reality, Robinhood merely increased the gas limit and lowered user fees to expand on-chain capacity and satisfy the massive demand for block space. Approximately 95% of the DEX trading volume on Robinhood Chain originates from Uniswap, and the network is performing well overall. Dragonfly Managing Partner Haseeb has also previously noted that while on-chain revenue dropped noticeably following the fee cut on Robinhood Chain, DEX trading volume remains robust, currently ranking second only to Solana. This strategy is clearly deliberate; Robinhood prioritizes attracting RWA and on-chain financial activity through lower fees and greater capacity over maximizing short-term sequencer revenue.

ALLO Based based Based Chain NewDex

2026-09-15 08:51

Dragonfly Partner Bullish on Robinhood Ecosystem: Low Gas Fees Help Expand Onchain Economic Scale

Dragonfly partner Haseeb Qureshi posted on X that after Robinhood raised the Gas Limit on Robinhood Chain and lowered user fees, onchain revenue dropped noticeably, but DEX trading volume has remained strong and is now second only to Solana.Haseeb believes this adjustment is not a mistake, but a deliberate strategy by Robinhood. Rather than optimizing for short-term sequencing revenue, Robinhood places greater emphasis on expanding onchain capacity, bringing more tokenized assets onchain, and increasing the scale of economic activity on the blockchain. To achieve this, it must expand network capacity while keeping transaction fees low.

Bullish Chain NewDex Onchain Robinhood Solana

2026-09-04 01:22

Bybit Pay integrates with Mesh crypto payment network, enabling direct payments using exchange balances

Odaily Odaily News: Bybit Pay, the payment arm of cryptocurrency exchange Bybit, has integrated with crypto payment infrastructure provider Mesh, allowing users to directly use their Bybit account balances to make payments or top up accounts on Mesh-supported platforms without the need to withdraw or transfer assets first. Merchants can add Bybit Pay as a payment option through existing Mesh integrations and use programmable settlement features to control settlement timing and methods across different markets.Mesh stated that its network is already connected to over 300 wallets, exchanges, and financial service platforms. In January this year, the company completed a $75 million Series C funding round led by Dragonfly, reaching a valuation of $1 billion, with cumulative funding exceeding $200 million. It also plans to expand into markets in Latin America, Asia, and Europe. (Cointelegraph)

Bybit Cointelegraph Mesh

2026-08-26 14:50

City Protocol completes $11 million in seed and Pre-A funding, with participation from Dragonfly, Jump Crypto, CMT Digital, and others

Odaily News: City Protocol has disclosed that its seed and Pre-A funding rounds total $11 million, with participation from Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, Mirana, and others. The project's core business is bringing structured products on-chain, providing integrated infrastructure for the issuance, operation, and distribution of structured products through tokenization layers, vault layers, and issuance and operations layers.

City Protocol CryptoMate CyberMiles

2026-08-06 08:40

AI Agent Infrastructure Sapiom Closes $35 Million Series A Financing, Led by Dragonfly

Sapiom 宣布完成 3500 万美元 A 轮融资，由 Dragonfly 领投，公司累计融资总额达到 5000 万美元。同时，Sapiom 对外发布其面向 AI 智能体 的生产基础设施，核心定位是在智能体执行操作时，实时决定其可调用的模型、工具、算力与支付行为，并对成本、权限、延迟、可靠性及合规要求进行控制。

2026-08-04 23:01

Coldcard vulnerability investigation escalates: At least 15 attackers identified, a single victim's findings reveal 12 BTC stolen

Galaxy Digital Head of Research Alex Thorn stated that based on new victim reports received following the incident, the number of attackers exploiting the Coldcard vulnerability has reached at least 15.Thorn noted that information provided by victims helped the research team uncover previously unidentified attack activity. Unlike thefts from centralized exchanges, correlations between the attackers in this vulnerability exploit require confirmation through on-chain analysis and victim feedback.He added that a single victim reporting less than 1 BTC stolen helped the team discover a previously unknown attack, which siphoned approximately 12 BTC from 126 addresses.According to Galaxy Research's earlier estimates, the Coldcard vulnerability has led to at least three rounds of attacks, with losses amounting to approximately $100 million in BTC. Additionally, Galaxy has identified a suspected fourth round of attacks, which could bring total losses to approximately $130 million.Meanwhile, the incident has also sparked discussions regarding the security of Bitcoin self-custody. Dragonfly Managing Partner Haseeb Qureshi stated that "AI security hardening costing around $2" could potentially have prevented this vulnerability, and noted that some AI models were able to rediscover related vulnerabilities within a relatively short timeframe. However, industry insiders pointed out that current claims about the speed of AI discovering vulnerabilities lack rigorous blind testing and verification.Researchers believe that as AI model capabilities improve, the costs of vulnerability discovery and attacks in the crypto industry may continue to decline, requiring wallet developers to further strengthen code audits and security protections. (Cointelegraph)

Alex based Bitcoin blind Cointelegraph Galaxy

2026-07-31 00:25

Dragonfly Partner: The current AI boom may not have emerged without the development of the crypto industry

Dragonfly Partner Haseeb posted on X platform, stating that the current AI boom might not have occurred without the development of the crypto industry. He noted that over the past decade, Bitcoin miners accumulated expertise in power acquisition, site selection, and large-scale infrastructure construction in remote areas, which has laid an important foundation for the expansion of AI data centers today. Additionally, the demand for crypto mining helped NVIDIA transition from a gaming GPU manufacturer to a supplier of AI computing chips.Furthermore, the core teams of several emerging AI cloud service providers, including CoreWeave, Crusoe, Together AI, and Nscale, all have backgrounds in the crypto industry.

Bitcoin CoreWeave Furthermore GPU.Net Node AI NVIDIA

2026-07-29 07:05

Active crypto investment firms down 87% from 2022 peak; Dragonfly partner says crypto VC may be seeing its last funds

Dragonfly managing partner Haseeb Qureshi said that as mature networks become harder for startups to challenge, crypto venture capital may eventually enter a "last funds" phase. He noted this does not mean the crypto industry is disappearing, but rather that scale, liquidity, and network effects are increasingly concentrated among a few mature platforms. Qureshi stated that by 2030, most important companies in the crypto space may already be established. While large platforms will continue to grow, the room for new entrants to disrupt the market will be limited. He believes investors may underestimate the possibility that continued growth in the crypto market will not necessarily translate into investable startups. Cryptorank data shows that as of July 28, only 150 independent venture capital firms participated in crypto funding rounds in July, the lowest level since November 2020 and down from a peak of 1,177 active investment firms in May 2022. Qureshi is cautious about startups built around single financial products on platforms like Hyperliquid. He stated that if Hyperliquid controls the distribution channels, such companies are essentially closer to dealers than to businesses with lasting durability.

Hyperliquid