Cryptocurrency venture capital firm Andreessen Horowitz (a16z) announced the launch of Crypto Fund 5 with a size of $2.2 billion, which will invest in crypto startups over the next decade, covering early to mature stages. The fund will focus on stablecoins, payments, financial services, decentralized systems, as well as perpetual contracts, lending, prediction markets, and tokenized assets. a16z stated that despite the bearish market sentiment and funds shifting towards AI, the fundamentals of the crypto industry are at a "record high." (CoinDesk)

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