Bitcoin
Bitcoin (BTC)
$65,657.00 1.15222
Bitcoin price
Ethereum
Ethereum (ETH)
$2,615.58 2.97657
Ethereum price
BNB
BNB (BNB)
$588.21 1.17322
BNB price
Solana
Solana (SOL)
$154.92 1.00104
Solana price
XRP
XRP (XRP)
$0.544728 0.80999
XRP price
Shiba Inu
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$0.0000183 0.81009
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Pepe
Pepe (PEPE)
$0.0000106 0.63255
Pepe price
Bonk
Bonk (BONK)
$0.0000228 2.49959
Bonk price
Bitcoin
Bitcoin (BTC)
$65,657.00 1.15222
Bitcoin price
Ethereum
Ethereum (ETH)
$2,615.58 2.97657
Ethereum price
BNB
BNB (BNB)
$588.21 1.17322
BNB price
Solana
Solana (SOL)
$154.92 1.00104
Solana price
XRP
XRP (XRP)
$0.544728 0.80999
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 0.81009
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000106 0.63255
Pepe price
Bonk
Bonk (BONK)
$0.0000228 2.49959
Bonk price
Bitcoin
Bitcoin (BTC)
$65,657.00 1.15222
Bitcoin price
Ethereum
Ethereum (ETH)
$2,615.58 2.97657
Ethereum price
BNB
BNB (BNB)
$588.21 1.17322
BNB price
Solana
Solana (SOL)
$154.92 1.00104
Solana price
XRP
XRP (XRP)
$0.544728 0.80999
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 0.81009
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000106 0.63255
Pepe price
Bonk
Bonk (BONK)
$0.0000228 2.49959
Bonk price
Bitcoin
Bitcoin (BTC)
$65,657.00 1.15222
Bitcoin price
Ethereum
Ethereum (ETH)
$2,615.58 2.97657
Ethereum price
BNB
BNB (BNB)
$588.21 1.17322
BNB price
Solana
Solana (SOL)
$154.92 1.00104
Solana price
XRP
XRP (XRP)
$0.544728 0.80999
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 0.81009
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000106 0.63255
Pepe price
Bonk
Bonk (BONK)
$0.0000228 2.49959
Bonk price

Dragonfly VC raising $500m in fourth funding round

dragonfly-vc-raising-500m-in-fourth-funding-round
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Dragonfly VC raising $500m in fourth funding round

Dragonfly Capital, a prominent crypto venture capital firm, is raising $500 million for its fourth investment fund, according to Bloomberg.  

The fund will focus on early-stage projects in the blockchain space, continuing Dragonfly’s strategy of supporting innovative companies. According to an anonymous source who spoke to Bloomberg, the firm has already secured $250 million and plans to close the fundraising by the first quarter of 2025.

While Dragonfly has not publicly confirmed these details, the firm has been a key player in the digital assets market, with a history of investing in over 100 companies, including notable projects such as Ethena (USDE), Cosmos (ATOM), and Monad Labs.

Dragonfly’s crypto ventures

Dragonfly’s recent activity includes backing Agora, a stablecoin project that has expanded its offerings to the Sui blockchain. The integration of Agora’s stablecoin, AUSD, into Sui is part of a larger strategy to attract institutional users and developers by offering stablecoins that can be used across various blockchain networks. 

In May, Dragonfly Capital’s Haseeb Qureshi disputed claims that venture capitalists were dumping crypto and expressed skepticism about common theories explaining the decline in prices of tokens recently listed on Binance, particularly those with high fully diluted valuations and low circulating supply. In a May 19 post on X, Qureshi addressed these concerns and suggested that market sentiment had turned against these “risky new coins” amid broader market downturns and geopolitical tensions in April.

Dragonfly Capital has been actively raising funds for its venture capital efforts in the crypto space for many years, with notable past successes. In 2022, the firm closed its third fund, amassing $650 million to invest in early-stage projects, according to Bloomberg.