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A16Z is selling $HYPE, depositing 76,840 $HYPE ($5M) into multiple CEXs. They’ve sold a total of 154,242 $HYPE ($10.19M) over the past 2 days.
a16z appears to be buying and staking large amounts of $HYPE!
A wallet linked to a16z (0xb5E4) bought 1.588M $HYPE($67.46M) over the past month and staked 1.3M $HYPE($51.2M) across multiple wallets.
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A16z Crypto’s new fund is less than half the size of its 2022 offering, but its pitch is more disciplined: back the parts of crypto that are actually being used.
📸: Ethan Pines for Forbes
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We @a16z spend a lot of time with vertical AI startups.
But how do you get a toehold when buyers aren’t on LinkedIn, or don’t have IT teams?
Takeaways from our convo with @LassieAI’s founders, who passed $10M ARR selling AI to run dental practices 👇
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Did A16z just dump millions in $HYPE?!
Per Wu Blockchain, a wallet address that is suspected to be linked to @a16z sold 105,400 @HyperliquidX tokens for a sum of $6.48 million.
Wu adds that another 190,000 $HYPE was transferred but it is not clear whether or not the tokens were sold.
At time of writing, $HYPE is down nearly -17% on the month.
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LATEST: ⚡ A16z says US regulatory clarity from the CLARITY Act will be "a boon for domestic innovation" and benefit global markets, citing the GENIUS Act as precedent.
Crypto Powerhouse A16z Raises $2.2 Billion For Fifth Fund (📸: Ethan Pines for Forbes)
🚨 The @a16z consumer AI Top 100 is back!
For the sixth time, we ranked consumer AI websites and mobile apps by usage (monthly unique visits and MAUs).
This edition, we changed the rules. Here's why - and what the new list says about where consumer AI is heading 👇
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