26 projects raised a total of $267M last week, led by World Foundation’s $135M public token sale and Catena Labs’ $18M seed round, while DePIN Pulse, Alchemy, and Apex Group drove M&A activity. Theta Capital launched a $175M fund-of-funds to back crypto-native VCs. James Ho positions Pendle as the leading stablecoin yield bet, Emma Cui charts crypto VC’s reset toward long-term fundamentals, and Mads Mathiesen unpacks the scalability and decentralization trade-offs of Multiple Concurrent Proposers.
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