Bitpush editor selects Web3 news for you every day:
[ a16z has raised $7.2 billion in new funding and plans to raise more funds in 2025 ]
According to Bloomberg, Andreessen Horowitz (a16z), one of the largest venture capital firms in Silicon Valley, has raised $7.2 billion in new funds, and the final total exceeded the company's earlier fundraising target by about 4%. The funds will be allocated to different businesses within the company. These include the American Dynamism business, which focuses on startups that promote "national interests", which raised $600 million; the growth business or late-stage startups, which raised $3.75 billion; and the gaming business, which raised $600 million.
Because artificial intelligence (AI) now plays a major role in almost all startups, AI is not a separate fund, according to a person familiar with the company's thinking. Another person familiar with the matter said a16z still plans to raise more funds focused on cryptocurrency and biotechnology in 2025.
[ Fed Chairman: If high inflation continues, the Fed can maintain the current interest rate]
Federal Reserve Chairman Powell said in a speech today that if high inflation continues, the Fed can maintain current interest rates as long as it is necessary.
Powell said the Fed could keep interest rates steady as long as needed if price pressures persist. He said given the strength of the labor market and progress in inflation so far, it would be appropriate to give restrictive policies more time to work and let the data and the changing outlook guide the Fed.
[ Bybit : The exchange's Bitcoin reserves will be exhausted within nine months]
According to the latest analysis by Bybit, with the upcoming Bitcoin halving and the continued buying of Bitcoin by funds, the exchange's Bitcoin reserves are expected to be exhausted within nine months.
Currently, there are only 2 million bitcoins left on the exchange, and the average daily inflow of Bitcoin spot ETFs is US$500 million. It is estimated that about 7,142 bitcoins will flow out of the exchange every day.
[Informed sources: OKX global government relations director Tim Byun and product director Wei Lan resigned]
According to Coindesk , citing people familiar with the matter, OKX executives Tim Byun and Wei Lan have both recently resigned from the crypto exchage. Tim Byun served as CEO of the U.S. subsidiary Okcoin from 2018 to 2020 and later became OKX's global head of government relations. Wei Lan is the head of product and is responsible for managing OKX's trading department.
The exchange group is understood to be integrating its various parts under the single OKX brand and will no longer have a separate U.S. brand. Other recent executive departures include OKX global head of compliance Patrick Donegan, who left in January after just six months in the role.
[Korean won becomes the currency with the largest cryptocurrency trading volume in the world]
According to Bloomberg, the South Korean won has now become the world’s most traded cryptocurrency as speculative demand for high-risk tokens surges in South Korea.
Research data shows that in the first quarter of 2024, the cumulative trading volume of the Korean won on centralized cryptocurrency exchanges was US$456 billion, surpassing the US dollar trading volume of US$445 billion, becoming the preferred currency for cryptocurrency transactions in the first quarter.
Author: BitpushNews Mary Liu
Twitter: https://twitter.com/BitpushNews
BitPush TG Exchange Group: https://t.me/BitPushCommunity
Bitpush TG subscription: https://t.me/bitpush
Btok subscription: https://btok360.com/bitpush
