#Sequoia #vc

We need more money…💪💪

Sequoia Capital is launching a $500-600 million crypto fund to invest in tokens

https://www.theblockcrypto.com/post/134578/sequoia-capital-new-crypto-fund-tokens

#Binance #nice

Top investors:

#LarryEllison - $1B
#Sequoia - $800M
#VyCapital - $700M
#Binance - $500M
#a16z - $400M
#Qatar - $375M
#Fidelity - $316M

https://www.sec.gov/binance-TWTR

#GM

• #CZ_binance says it's ok, Tim Draper survived BTC's - 50% drop for two years and Microstrategy will survive too.

• #Sequoia still on track 💪
Sequoia raises $2.85 billion in #India, Southeast #Asia funds

• Valuations are down #vc
Sequoia leads pre-seed funding round [$2M] for crypto payments startup Nume

• Arthur says that 20k and 1k is important level, we know that. Novogratz also confirm this.

• Celsius #wBTC Liquidation price is now $16,850

• #stETH - 0.94 ETH; #USDD - 0.98 usdt

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#animoca #vc

Crypto goes deeper into #education…

Animoca unit TinyTap raises funds at $100 million valuation for web3 education

Animoca Brands subsidiary #TinyTap raised $8.5 million from investors, including #Sequoia China and Polygon [#MATIC]

The funding brings TinyTap’s valuation to $100 million.

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Before:

Binance launched Open Campus Token Sale on Binance Launchpad!

Open campus - web3 educational platform. Partners: Animoca, etc.

• Animoca | Binance

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#sequoia

Sequoia Capital Slashes Crypto Fund as It Downsizes Amid Startup Crunch

Sequoia cut the size of its cryptocurrency fund to $200 million from $585 million. It also slashed the size of its so-called ecosystem fund, which invests in other venture funds, to $450 million from $900 million, the people said.

The cryptocurrency fund, will focus more on backing young startups after an industry crash wiped out opportunities to back larger companies.

Sequoia announced the two funds in February 2022 as part of an ambitious firm restructuring, after spending months ramping up its investments in crypto. The crypto crash has since wiped out revenue for many blockchain startups.

The firm suffered a high-profile black eye for its $150 million investment into FTX, the cryptocurrency exchange that collapsed last year. Sequoia issued a rare apology to its investors for the investment.

Sequoia has also come under heat from its investors for an ill-timed decision it made in late 2021 to launch a new fund structure that would allow it to hold public stocks instead of exiting those positions. Sequoia at the time said the new approach would allow it to accrue more profits, but it has instead been hit with billions of dollars in paper losses after the technology market crashed last year, denting its returns and frustrating investors.

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Before:

Sequoia Capital has parted ways with two crypto investors amid a VC team reshuffle that saw five partners recently leave the venture capital firm.

Daniel Chen, who describes himself on Twitter as a “crypto maxi,” and junior partner Michelle Fradin, one of Sequoia's FTX investors, left the firm recently. Long-term partner Michael Moritz, Mike Vernal and Kais Khimji are also leaving.

Fradin and Chen were heavily involved in the firm’s crypto investments. The move comes after Sequoia suffered significant reputational damage following FTX's 2022 collapse, resulting in a $213.5 million loss for the firm as the investment became worthless.

Michael Moritz, a partner with the firm for nearly 40 years, has also stepped away to concentrate on Sequoia Heritage, a wealth management business he helped establish.

Sequoia Capital's total venture assets stand at over $50 billion.

• Sequoia | Layoff

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#zkpass #vc

#Binance Labs, #Sequoia China and others invest $2.5 million in zkPass

The Block

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#DWF #nice

Fresh podcast with Andrei Grachev from DWF, about MM, markets and more on ICO Drops. Interesting…

Some Andrei’s thoughts:
Expects crypto to continue growing in 2024…
Crypto market - lots of risk tolerant people. A lot of gambling…
Andrei doesn't understand who can short when the funding reaches 2-3%😆
Only 2% of people make money on exchanges
We don't announce a lot of deals
Per 100 investment applications, we support 3-5
DWF Ventures is a separate entity from DWF
Top funds: #Sequoia, #Jump, Binance Labs, KuCoin…
#BLAST - pure gambling, but doesn’t expect scam
We bought a lot of #TON this year and hedge the deal body
Telegram may launch its own stablecoin
Don’t like #SOL
#EOS very good financial investment
I personally have only #BTC and #USDT, and #ETH for fees…
I have no beef with #GSR and #Wintermute, the whole conflict is pure competition.
#TheBlock is partially owned by Wintermute
We works with 20 projects from top100, and 350 from top1000
Social media is coming to the forefront
We don't plan to buy #media, we believe in KOL
To make a unicorn, you need either a product [#INJ] or a narrative with luck [memecoins]
#Binance is an important part of the market. Will close for Russians next fall
#Unlock is mainly about OTC, for good projects they do not have a strong impact on the price
We are being offered to buy the debt in FTX for 65%, previously offered 30%. Didn't sell
FTX Japan preparing to restart
FTX2.0 will launch and we'll see which way it goes, either offshore or pure American.
#USTC has no value but is going up because of the bull market and short term narrative, same with the #FTT. Speculative history
#AI is already highly developed in HFT trading. Prediction model for short and long term
#NFT doesn’t trade, but looking on it, depends on the season
Work on Crypto fight. I will fight myself)
Plan to sponsor sports
Hobby - sport, walking, living in Switzerland, don’t drink
Like: #SHRAP, #MASK

*Russian language

• Drops

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#Citadel #earnings

Citadel Securities Revenue Jumps to $1.8 Billion on Volatility

Citadel Securities third-quarter revenue rose more than 8% as the privately held market-making firm seeks to grab more of Wall Street’s trading business.

The firm run by CEO Peng Zhao generated $1.8 billion in the period, up from $1.66 billion a year earlier. The figure has exceeded $1 billion for 15 straight quarters, the people said, asking not to be identified disclosing private information.

Founded by billionaire Ken Griffin, Citadel Securities matches buyers and sellers in the equity and fixed-income markets. It generated about $7.5 billion in revenue last year, using algorithms to capture and profit from tiny differences in prices. The firm serves asset managers, banks, broker-dealers, hedge funds, government agencies and public pension programs.

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Also:

→ Jan, 2022 - Citadel Securities Announces $1.15 Billion Investment From #Sequoia And #Paradigm
→ May, 2022 - BlackRock And Citadel Deny Trading Cratering Stablecoin #UST [#LUNA]
→ Jun, 2023 - Crypto Exchange #EDX Backed by Fidelity, Schwab and Citadel Launches With Additional Investors

• Revenue | Jan • May • Jun

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#EDX #exchanges

EDX Plans #Asia Crypto Exchange With Funding From #Sequoia and #Pantera Capital

Firm to open Singapore exchange after getting fresh financing

Bitcoin ETF approval draws new institutional-investor interest

*EDX Markets, the crypto-trading venue backed by Citadel Securities and Fidelity Digital Assets

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Also:

Ethereum Layer 2 developer #Polymer Labs raises $23 million in Series A funding

Polymer Labs has raised $23 million in Series A funding from Blockchain Capital, Coinbase Ventures and others.
Polymer is building an Ethereum Layer 2 network to provide interoperability-as-a-service.

• BBG | Polymer

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