Framework closes $400 million funding for its fourth fund, with proceeds earmarked for frontier technology sectors.
2 hours ago
According to Fortune, crypto venture capital firm Framework Ventures has closed its fourth fundraise, raising $400 million. Investors include Ivy League endowments, sovereign wealth funds, and nonprofits, though specific backer names were not disclosed. Framework co-founders Vance Spencer and Michael Anderson said the new fund will target "cutting-edge technologies" spanning not only crypto but also AI, robotics, energy and other sectors. Roughly half of the fourth fund has already been deployed to date. Founded in 2019, Framework Ventures initially focused on DeFi investments, having participated in early rounds of leading protocols such as Aave and Chainlink. Prior to this, the firm closed its $100 million second fund in 2021 and $400 million third fund in 2022.
A crypto whale dormant for 8 months has added to its short position on Ethereum, with the short position valued at $19.7 million.
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The next round of US-Iran talks will be held on June 28 and 29.
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Trader 'Ma Ji' saw partial liquidation of his Ethereum (ETH) long positions again, incurring a $2.43 million loss over nearly a month.
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Bitcoin falls below $59,000, with a 3.7% drop in 24 hours.
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Goldman Sachs: The AI boom is nowhere near the frenzy of the dot-com bubble, with only around 50 new IPOs this year.
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The AI boom has sparked explosive growth in investment flowing into the U.S., with total individual purchases of U.S. stocks surging to $763 billion.
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