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ChainCatcher news, at the recent EMW2025 conference, Coatue Management co-founder Philippe and Thomas Laffont were interviewed by the podcast BG2, where they delved into the latest market research report, providing an in-depth analysis of the valuation logic of crypto assets, the development trends of stablecoins, and their institutional significance.Philippe stated that Bitcoin is gradually evolving into a "corporate-level asset," with a current market capitalization of about $2 trillion, which still represents a low percentage of the nearly $500 trillion in global net assets, indicating further upward potential. He predicts that as institutions gradually accept its volatility, Bitcoin's market capitalization is expected to rise to $5-6 trillion in the future, becoming a more systematically influential asset class.Thomas emphasized that the advancement of stablecoin legislation is an important milestone for the crypto industry, significantly reducing regulatory uncertainty. He anticipates that "interest-bearing stablecoins" will emerge in the near future, potentially issued by governments in different maturities, directly targeting global investors and reshaping the issuance mechanism and participation methods of sovereign bonds.The two founders pointed out that traditional VCs, after experiencing early project failures, have a biased understanding of crypto assets. However, with the widespread application of Bitcoin and stablecoins, the industry's valuation methods need to be more flexible, reassessing the trend value of leading assets. At the same time, stablecoins have gradually become core tools for corporate payments and fund management, as the crypto market shifts from "speculative logic" to "institutional recognition and practical drive."

ChainCatcher news, according to CNBC, hedge fund giant Coatue Management founder Philippe Laffont stated at the Coinbase cryptocurrency summit in New York that although investors may have been deterred by Bitcoin's early volatility, the volatility of Bitcoin has decreased over time, which means the cost of investing in Bitcoin is declining, and the acceptance of Bitcoin by institutional investors is also a sign of the maturity of cryptocurrencies.In addition, the number of Bitcoin wallets that have held cryptocurrency for at least a month and sold all of it has significantly decreased, indicating that investors are holding cryptocurrencies for the long term rather than trading. Of course, at this stage, Bitcoin still represents a very small proportion of global net assets (about $2 trillion out of $50 trillion), and if Bitcoin is to be viewed as a value asset by more people, it must become a more core asset in their portfolios. For investors who value Bitcoin, Philippe Laffont advises not to let Bitcoin occupy too large a proportion of their portfolios to the extent that it becomes the driving force of the portfolio.

ChainCatcher news, according to CNBC, artificial intelligence company OpenAI announced the completion of a $40 billion financing round, setting a record for the largest financing ever for a private tech company. This round of financing values OpenAI at $300 billion (including the new capital).SoftBank led the investment with $30 billion, with other investors including core investor Microsoft as well as Coatue, Altimeter, and Thrive. OpenAI plans to allocate about $18 billion for the Stargate project in collaboration with SoftBank and Oracle. Notably, if OpenAI fails to transition to a profit-making entity by December 31, 2025, the financing amount may be reduced by $10 billion. Currently, ChatGPT has reached 500 million weekly active users, and OpenAI expects revenue to grow to $12.7 billion by the end of 2025.

ChainCatcher news, hedge fund Coatue Management plans to raise $1 billion to increase investments in artificial intelligence and technological innovation. It is reported that this is the first time in several years that the company is seeking to raise funds for its flagship fund.Coatue Management is a New York-based hedge fund focused on technology companies. It led the $300 million Series C funding round for OpenSea, and its portfolio in the crypto space includes: blockchain security company CertiK, Bitcoin mining company Hut 8, crypto payment platform MoonPay, and crypto analytics platform Dune Analytics, among others.

ChainCatcher news, crypto mining company Hut 8 announced a strategic investment of $150 million from Coatue, and the two parties will collaborate to build an artificial intelligence infrastructure platform.Coatue has agreed to invest $150 million in the company through convertible notes, with an annual interest rate of 8.00% (compounded quarterly). The initial term of the notes is five years, and the company has the option to extend it for up to three additional one-year terms. The issuance of the notes is expected to be completed on or before July 11, 2024.

ChainCatcher news, according to PR Newswire, AI-focused cloud service provider CoreWeave announced the completion of a $1.1 billion Series C funding round, led by Coatue, with participation from Magnetar (the main investor in the previous round), Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management.It is reported that the new funding will be used to support the rapid growth of CoreWeave's various business areas and to expand into new regions to meet the ongoing explosive demand for GPU-accelerated cloud infrastructure worldwide. CoreWeave co-founder and CEO Mike Intrator stated that CoreWeave's position as a key infrastructure provider for AI development is continuously strengthening, and the ongoing trust from high-level investors validates the tremendous opportunities in defining the next generation of cloud computing.As businesses increasingly recognize the potential of AI to enhance efficiency, productivity, expand revenue, reduce costs, and drive growth and innovation at a strategic level, organizations of all sizes and across various industries are racing to deploy large-scale AI solutions, driving an explosive demand for powerful, scalable infrastructure. Traditional cloud providers' generic infrastructure cannot meet the large-scale parallel processing capabilities and memory requirements needed for AI workloads.

According to ChainCatcher, The Information reported that in the second quarter of this year, investment management company Coatue reduced the value of its OpenSea shares, which were once worth $120 million, by 90% to $13 million, indicating that OpenSea's valuation is $1.4 billion or lower.According to the crypto data platform RootData, OpenSea announced in January 2022 that it reached a valuation of $13.3 billion during a $300 million Series C funding round led by Coatue and Paradigm. ChainCatcher previously reported that last week OpenSea announced it had laid off 50% of its staff and would be restructuring the team around "OpenSea 2.0."In addition, The Information stated that, besides OpenSea, Coatue also wrote down the value of its shares in the Web3 infrastructure company MoonPay by 90%.

ChainCatcher news, according to The Information, the latest fund under New York-based investment firm Coatue Management has completed fundraising of $331 million, which is 34% lower than the target amount. Coatue Management has previously invested in crypto startups such as MoonPay, Chainalysis, and Fireblocks. Last year, three general partners of Coatue Management left the firm, including Luca Schmid, who led some of the company's notable crypto and fintech investments.

ChainCatcher news, Distyl AI announced the completion of a $7 million seed round financing, led by Coatue and Dell Technologies Capital, with participation from former GitHub CEO Nat Friedman, Altimeter founder and CEO Brad Gerstner, among others. In addition, Distyl AI has formed an alliance with leading research institution OpenAI in the field.Distyl AI was founded by Arjun Prakash and Derek Ho, who previously worked at data mining company Palantir. They stated that their goal is to integrate artificial intelligence into the core business processes of enterprise-level companies, such as marketing, sales, customer service, and product development. (source link)

According to Chain Catcher, The Information reported that Matt Mazzeo, a general partner at Coatue Management, has left the company and is preparing to establish a new investment fund focused on early-stage startups. According to his LinkedIn profile, Mazzeo has been a general partner at Coatue since January 2018. Previously, Mazzeo served as managing director at Chris Sacca's Lowercase Capital. Notable investments by Mazzeo include OpenSea, Medium, and Airtable.Coatue Management is a hedge fund based in New York that focuses on technology companies and has made high-profile bets in the crypto space in recent months. Coatue led a $300 million Series C funding round for OpenSea earlier this year and participated in Dapper Labs' $725 million ecosystem fund launched in May. (Source link)