Andreessen Horowitz-backed OpenReserve has secured preliminary OCC approval for a national bank charter. Crypto once tried to eliminate banks; now It's becoming them. @scottmelker breaks it down:

and thank you for always reading my journal posts i started all of this shit to just get better, to vent out my feelings, and be as self aware as possible that turned into growth and actually being helpful to others i do not take any eyeballs for granted, i know how precious our time and attention are but yes, i feel a lot of relief in this moment thank you all

Andreessen Horowitz has raised $1.1B for its first dedicated hardware-infrastructure fund, dubbed Machine Age, which will focus on investments in artificial-intelligence processors, memory chips, networking equipment, data storage and robotics, among other areas. -WSJ Led by Raghu Raghuram, a tech-industry veteran who started his career at internet pioneer Netscape along w Andreessen. The $1.1B fund is 1% of Andreessen Horowitz’s total AUM of $100B.