Multicoin Capital

2026-06-05 09:41

Multicoin Capital Co-Founder Reveals Development of a Consumer Product

former Multicoin Capital co-founder Kyle Samani posted on X, stating: "For those wondering what I’m working on next, I’m building a consumer product."Notably, Solana co-founder toly retweeted this update, potentially indicating a connection between the product and Solana.

Solana what

2026-06-05 08:37

Multicoin deposited 56.116 million ENA worth $5.28 million to Galaxy and BitGo

According to Onchain Lens monitoring, Multicoin Capital (0xD4d...BC10) deposited 56.116 million ENA tokens, worth $5.28 million, to Galaxy Digital and BitGo.

BitGo Ethena Galaxy Galaxy Onchain

2026-06-01 14:12

Multicoin Capital Co-Founder: “Web3 Is Dead; All That Remains Are DeFi and DePIN”

Starknet co-founder Eli Ben-Sasson tweeted that the crypto industry is currently facing an identity crisis: on one hand, many long-time OGs are leaving; on the other, institutions and TradFi are finally paying attention—precisely the entities crypto originally opposed. In response, Multicoin Capital co-founder Kyle Samani commented: “Web3 is dead—we’re now left with only DeFi and DePIN.”

2026-05-30 17:31

Kyle Samani: Kalshi and US Crypto Perpetual Contracts Face Uncertainty with Three Potential Outcomes

Odaily Planet Daily reports: Multicoin Capital co-founder Kyle Samani posted on X platform analyzing three possible scenarios for the development of Kalshi and the US crypto perpetual contract market:1. Kalshi's previous efforts are irrelevant: Because the US market itself can already offer unregulated perpetual contracts.2. Protocols must pass the eight decentralized tests of the CLARITY Act: If the CLARITY Act passes smoothly, protocols can offer perpetual contracts in the US without registering as a DCO (Designated Contract Organizer) and DCM (Designated Contract Market).3. Products can still attract users but cannot legally enter the US financial system: Even with user recognition, protocols may still be unable to distribute within a compliant framework.Analysis suggests that these potential outcomes highlight the complex relationship between current US derivatives regulation and decentralized protocols, as well as the uncertainty surrounding the compliant implementation of innovative financial products.

Ducky City Kalshi Market Planet Planet Planet

2026-05-30 17:24

Kyle Samani: Hyperliquid is essentially just “Binance 2.0”

Kyle Samani, co-founder of Multicoin Capital, criticized Hyperliquid, arguing that its architectural design is closer to that of a centralized exchange and thus faces limitations in a permissionless decentralized environment.

Binance Hyperliquid

2026-05-30 17:14

Kyle Samani criticizes Hyperliquid: Design architecture only suitable for centralized environments, US companies will not cooperate with them

Odaily, Kyle Samani, former co-founder of Multicoin Capital, criticized Hyperliquid on X, stating: "Hyperliquid is essentially just a Binance 2.0 without a marketing team. It has made thousands of architectural design decisions that are only suitable for centralized environments but completely unsuitable for permissionless, decentralized environments. Now, they are already many steps behind on this path. Furthermore, no real US company will cooperate with them in the future."

Binance Furthermore Hyperliquid

2026-05-16 09:07

Multicoin Capital address transfers 286,000 AAVE worth $26.68 million to Coinbase Prime

according to on-chain analyst Yu Jin's monitoring, moments ago, the Multicoin Capital address (0x7915...D759) transferred a total of 286,000 AAVE to Coinbase Prime, comprising 98,000 AAVE withdrawn from multiple exchanges 5 hours ago and 188,000 AAVE previously remaining at the address, worth $26.68 million.

Aave Coinbase

2026-05-16 09:02

Multicoin Capital transferred 150,000 AAVE tokens, causing the price to drop 7%; Galaxy Digital subsequently repurchased 98,000 tokens at a lower price.

According to on-chain analyst Yujin (@EmberCN), Multicoin Capital transferred 150,000 AAVE tokens (approximately $14.91 million) yesterday morning via Galaxy Digital and BitGo to multiple centralized exchanges (CEXs), including Binance, OKX, Coinbase, and Bybit. Following this transfer, the AAVE price dropped approximately 7% from $99 to $92. Subsequently, Galaxy Digital withdrew 98,000 AAVE tokens (approximately $9.08 million) from those exchanges back to Multicoin Capital’s address, prompting a modest rebound in AAVE’s price to $93.

Aave Binance BitGo Bybit Coinbase Galaxy

2026-05-15 08:12

Multicoin Capital Transfers 150,000 AAVE to Galaxy Digital and BitGo, with Cumulative Unrealized Losses Exceeding $40 Million

Odaily Planet Daily reports: According to monitoring by Onchain Lens, Multicoin Capital has transferred 150,000 AAVE (worth approximately $14.9 million) to Galaxy Digital and BitGo for Over-The-Counter (OTC) trading. Subsequently, a portion of the funds was transferred to centralized trading platforms.Data shows that Multicoin Capital purchased 338,005 AAVE for approximately $73.94 million. It currently holds 188,005 AAVE, worth about $18.49 million, representing an unrealized book loss of approximately $40.54 million.

Aave BitGo Galaxy Galaxy Onchain Planet

2026-05-15 07:51

Multicoin Capital Reportedly Liquidates 150,000 AAVE Tokens for ~$14.91 Million

According to on-chain analyst Ember (@EmberCN), Multicoin Capital allegedly transferred 150,000 AAVE tokens (worth approximately $14.91 million) to Galaxy Digital and BitGo. Subsequently, these tokens were dispersed across centralized exchanges including Binance, OKX, Coinbase, and Bybit—potentially indicating an intent to sell. Previously, in November last year, Multicoin Capital accumulated 338,000 AAVE tokens at a price of $219 each. If sold at $99 per token, Multicoin Capital’s estimated loss on AAVE would exceed $40.56 million—a decline of roughly 55%.

Aave Binance BitGo Bybit Coinbase Galaxy

2026-05-12 11:20

Grayscale Files for First Zcash Spot ETF

Grayscale submitted the first application for a Zcash spot ETF on May 8.ZEC’s price once touched $600, pushing its market cap into the top 15 and surpassing Cardano. Multicoin Capital co-founder Tushar Jain noted that this move is driven by growing demand for privacy assets amid U.S. wealth tax legislative proposals. The SEC concluded its review of Zcash in January 2026 without taking enforcement action. Data shows that approximately 30% of ZEC’s supply is held in shielded addresses. Last week, U.S. Bitcoin spot ETFs saw $268 million in outflows, with some capital rotating into privacy and AI infrastructure tokens.

Bitcoin Cardano Grayscale Zcash

2026-05-08 17:22

Zcash plans to launch a quantum-resilient wallet within one month, with quantum-ready scaling to be completed in the next 12–18 months.

Josh Swihart, Founder and CEO of the Zcash Open Development Lab, announced at Consensus 2026 in Miami that Zcash plans to launch a quantum-resilient wallet within one month and achieve full post-quantum readiness within the next 12 to 18 months, while also advancing scalability efforts to reach Visa- and Mastercard-level throughput. Driven by Multicoin Capital’s disclosure of a large investment and growing momentum around privacy narratives, ZEC has surged over 110% in the past 30 days. Additionally, following integration with Near Intents, users can now cross-chain swap BTC, SOL, USDC, and other assets for shielded ZEC; since launch, these channels have processed approximately $600 million to $700 million in volume, and the shielded pool currently accounts for roughly 30% of the circulating ZEC supply.

Bitcoin Circle Open Solana Visa Zcash

2026-05-05 20:13

Suspected Multicoin Capital-associated address stakes $82.02 million worth of HYPE on HyperCore

According to Arkham monitoring, an address identified by its AI as linked to Multicoin Capital transferred $28.45 million worth of HYPE into HyperCore and staked it. At the same time, two other addresses performed identical actions; collectively, the three addresses staked $82.02 million worth of HYPE.

Arkham Hypercent Hyperliquid

2026-05-05 08:40

Three wallets associated with Multicoin Capital have staked a total of 1.96 million HYPE tokens, valued at approximately $82.06 million.

These wallets currently hold 2.83 million HYPE tokens on-chain, valued at approximately $118.34 million.

Hypercent Hyperliquid

2026-05-01 20:33

Fun Raises $72 Million in Series A Funding, Led by Multicoin Capital and SignalFire

According to Fortune, payments infrastructure startup Fun has announced a $72 million Series A funding round, co-led by Multicoin Capital and SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Justin Mateen, co-founder of Tinder. Fun primarily provides cryptocurrency and fiat deposit/withdrawal infrastructure for platforms such as Polymarket, Lighter, and Aave, processing over $18 billion in annual payments. The company plans to use the new funds to expand its team of approximately 30 people.

Aave Fun Lighter Polymarket

2026-04-30 23:12

Solana yield trading platform Exponent completes $5 million seed round, led by Multicoin Capital

Exponent Finance, a Solana-based yield trading platform, announced the completion of a $5 million seed funding round. The round was led by Multicoin Capital, with participation from Solana Ventures, RockawayX, L1D, Prelude, and Theia Blockchain, along with several key figures from the Solana ecosystem as angel investors. The round was initiated in May last year and closed in August, bringing Exponent's total funding to $7.1 million. Exponent stated that the funds will be used to expand its yield trading platform and upgrade it into a more comprehensive on-chain yield infrastructure, covering active yield management needs within the Solana ecosystem. (The Block)

August based Block Exponent Exponent Finance Solana

2026-04-16 13:12

Super PAC backed by Solana Institute plans to spend $8 million to support Jon Husted’s election

According to The Block, Sentinel Action Fund—a U.S. super PAC backed by the Solana Foundation—announced it will join forces with its sister advocacy organization Right Vote to spend $8 million supporting Republican Senator Jon Husted in Ohio’s upcoming election against Sherrod Brown, aiming to prevent the former senator and crypto skeptic Sherrod Brown from returning to the Senate. Jon Husted has long supported crypto innovation and backed several pro-crypto legislative initiatives, including the GENIUS Act. Per filings with the U.S. Federal Election Commission, the Solana Foundation has donated $750,000 to Sentinel Action Fund, while Multicoin Capital contributed $250,000.

America Pac Block Foundation Foundation PACMOON Pactus