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Category: Solana

Foundation Capital, an early backer of Solana and Cerebras, raises $600M fund

Foundation Capital has come a long way since it was forced to scale down its fund size from $750 million in 2008 to $282 million (its sixth main fund) in 2013. On Tuesday, the 30-year-old firm announced that it raised a $600 million eleventh flagship fund, which is 20% larger than the predecessor $500 million…

Trump calls for creation of a ‘crypto strategic reserve’

President Donald Trump is throwing his support behind the idea of creating a federal reserve of cryptocurrency assets — he specifically mentioned XRP, Solana, and Cardano, but not Bitcoin or Ethereum. In January, Trump issued an executive order calling for the formation of a working group that would study and make recommendations around crypto policy,…

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