Sources: crypto VC firm Paradigm is in talks to raise $750M to $850M for a new fund, which would be the largest since the crash; a16z raised $4.5B in May 2022 (Hannah Miller/Bloomberg)

Hannah Miller / Bloomberg:
Sources: crypto VC firm Paradigm is in talks to raise $750M to $850M for a new fund, which would be the largest since the crash; a16z raised $4.5B in May 2022  —  - New fund would be industry's largest since crypto downturn  — Paradigm was a major investor in bankrupt exchange FTX