![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
ABCDE Capital Shuts Down New Investments, but Remains Committed to Supporting Existing Projects
Apr 19, 2025 at 05:59 pm
Web3 and blockchain-focused investment fund ABCDE is halting new investments, but the $400 million fund remains committed to supporting its existing projects.
Web3 and blockchain-focused investment fund ABCDE is halting new investments but the $400 million fund will still support its existing projects.
In an April 19 X post, ABCDE co-founder and Huobi exchange founder Du Jun said the $400 million fund will no longer invest in new projects or raise capital for the second phase of the fund.
However, Jun said the fund will continue to “post-investment support and exit arrangements of existing projects” to ensure the firm’s commitment to entrepreneurs and liquidity providers (LPs).
“My personal work focus will also gradually shift from financial investment in the primary market to strategic investment-led and deep incubation-based, focusing more on industrial synergy and long-term value creation,” Jun added.
The announcement comes nearly three months after ABCDE’s last investment into an Ethereum layer-2 (L2) solution, Soon (Solana Optimistic Network), which raised $22 million through a non-fungible token sale to mark the launch of its mainnet, Chain डेली reported on January 22.
The Soon mainnet is claimed to be faster and more efficient than Solana, delivering average block times of 50 milliseconds compared to Solana’s 400 milliseconds.
ABCDE is a $400 million fund, with 28% of its investments in Bitcoin BTCUSD scaling technology, 16% in Ethereum liquid staking derivatives finance (LSDFi) infrastructure, and an additional 12% invested in L2s, restaking and smart contract platforms, Cryptorank data shows.
ABCDE has invested over $40 million of capital into more than 30 projects over the past three years, with an internal rate of return (IRR) “still at the global leading level,” despite the current market environment, Jun said.
New incubator brand Vernal announced
ABCDE’s suspension of fundraising efforts was announced a month after the fund’s co-founder launched a new incubator brand, Vernal.
The new incubator is expected to announce its shareholders and incubation rules for the first batch of projects in May, along with its first investments.
Jun said the decision to suspend ABCDE’s fundraising efforts was not made due to financial constraints or lack of funds but because of a fundamental concern for the current development trajectory of the crypto industry.
“Frankly speaking, I am increasingly unable to agree with the primary market's ecological atmosphere,” Jun said in an April 19 X post.
“What is more worrying is that some primary funds not only have no reflection on this but also hype up their ‘listed projects’ and short-term market value performance, but never mention the value creation of the projects themselves,” he added.
Cardano founder Charles Hoskinson has urged fourth-generation cryptocurrency projects to adopt more collaborative tokenomics to compete with major centralized tech companies entering the crypto industry.
“The problem now, with the way we’ve done things in cryptocurrency, is the tokenomics and the market structure are intrinsically adversarial. It’s sum 0,” Hoskinson said at Paris Blockchain Week on April 9. “Instead of picking a fight, what you have to do is you have to find tokenomics and a market structure that allows you to be in a cooperative equilibrium.
“You can’t build a global ecosystem this way, and you can’t win this way. Because here’s the thing. The incumbents are much larger.”
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
- FLR Price Prediction 2025, 2026-2030: Will Flare (FLR) Network Surpass Bitcoin (BTC)?
- Jun 12, 2025 at 11:30 pm
- In this Flare (FLR) price prediction 2025, 2026-2030, we will analyze the price patterns of FLR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
-
- Hong Kong Customs and Excise Department is partnering with the University of Hong Kong to develop a digital tool to track cryptocurrency transactions
- Jun 12, 2025 at 11:30 pm
- On Thursday, Assistant Commissioner Mario Wong Ho-yin said customs officials would expand collaboration with academics, regional finance professionals and law enforcement to counteract increasingly complex and borderless financial crimes.
-
-
-
- Bitcoin shows relative stability as summer approaches. However, this calm could precede a more difficult phase.
- Jun 12, 2025 at 11:27 pm
- According to some crypto analysts, however, this calm could precede a more difficult phase. Between trader frustration, unfavorable seasonality, and excessive optimism
-
- Pepe Coin (PEPE) remains a popular choice among traders seeking short-term volatility and hype-driven gains.
- Jun 12, 2025 at 11:15 pm
- While some analysts are forecasting PEPE to reach a modest target of $0.00001, others believe the upside is limited given its meme coin nature and lack of core utility.
-
- Defx Labs Raises $2.5M Seed Round to Launch a Zero-Knowledge Dark Pool DEX for Perpetual Futures Trading
- Jun 12, 2025 at 11:15 pm
- Defx, a new Layer 1 built for trading, has announced a $2.5 million seed round to launch a dark pool DEX for perpetual futures trading - where order flow, position sizes, leverage, long/short exposure, and liquidation thresholds are all fully encrypted using zero-knowledge tech, while transaction integrity remains publicly verifiable onchain.
-