🥇Crypto VC Tier List for 2026 • S: @a16zcrypto • A: @cbventures • B: @paradigm, @ARKInvest, @galaxyhq, @sequoia, @dragonfly_xyz 📌 The ranking is based on funds’ presence in this year’s crypto funding market: access to major rounds, deal activity, and lead participation. Overall Retail ROI is used as a secondary track record metric.

Following the recent post outlining the backing diversification of USDe, we have published an analysis of the basis trade on gold perpetuals Tokenized gold and commodity perpetuals are two of the fastest growing markets in the industry today Gold funding rates offer an uncorrelated source of return and tend to hold or rise when crypto funding compresses This post explores how commodity basis trades can complement Ethena's overall basis strategy, with research from Ethena Risk Committee members Read more below: