paradigm

According to Fortune magazine, in the context of a downturn in the crypto market in 2025 and the distribution of profits to investors, the portfolio values of crypto venture capital firms such as Paradigm and a16z crypto have significantly shrunk.According to filings with the U.S. Securities and Exchange Commission (SEC), the total assets under management (AUM) of four crypto funds under a16z crypto dropped nearly 40% from 2024 to 2025, falling to $9.5 billion. Part of the reason is that the firm began returning capital to investors from earlier funds, and the timing of the returns coincided with the market peak in 2025, with a net DPI (distributions to paid-in capital) of 5.4 for its first crypto fund.Multicoin Capital's AUM has more than halved, dropping to about $2.7 billion. Paradigm's holdings also slightly decreased by about 6%. Meanwhile, the total size of a16z crypto's parent company, Andreessen Horowitz, has exceeded $100 billion.The report points out that the shrinkage in assets under management reflects the decline in portfolio value due to the market downturn, and is also a sign of normal exits by VCs and the return of funds to limited partners (LPs). Some firms, such as Haun Ventures, have seen their AUM grow by over 30%, reaching around $2.5 billion.Currently, Paradigm is seeking to raise a new fund of $1.5 billion, and a16z crypto is also raising up to $2 billion for its fifth fund.

The themed forum "Crypto 2026: From Cryptocurrency to Smart Economy", sponsored by Monera Digital and co-hosted by ChainCatcher and RootData, is now in the final 5-day countdown. This forum has received joint support from partners such as Tencent Cloud, HashKey Chain, Alchemy Pay, Kite AI, Sentient, Sign, Predict.fun, Monad, Brevis, UXLINK, OneBullEx, SVP Chain, OmenX, TurboFlow, LOTUS, Mentis, NeoSoul, Swap315, and is scheduled to be held on April 19 from 14:00 to 18:00 (GMT+8) in Hong Kong.As one of the important peripheral activities of the "Hong Kong Web3 Carnival", this forum will focus on the paradigm shift under the deep integration of AI technology and cryptocurrency networks, engaging in in-depth discussions on cutting-edge tracks such as AI Agent economy, smart payments, RWA, and cryptocurrency infrastructure. At the intersection of technological leap and economic form reconstruction, this themed forum is not only an insight into the current state of the industry but also a forward-looking reflection on the future intelligent economic system.Event registration: https://luma.com/18v6vwpf

Web3 magical international chess platform Pixie Chess has completed a $5.2 million seed round of financing, led by Paradigm, with participation from SEED CLUB and some angel investors.

According to Fortune, the crypto venture capital firm Paradigm is developing a prediction market trading terminal aimed at professional traders and market makers, led by partner Arjun Balaji. This project was initiated at the end of 2025.Paradigm is also evaluating whether to establish an internal prediction market making business and is collaborating with researchers to explore the feasibility of creating a prediction market index, which would bundle multiple prediction markets into a tradable product, similar to the S&P 500 index. Paradigm has begun aggregating prediction market data into a public data panel.In addition, Paradigm is a significant supporter of the prediction market Kalshi, having participated in its 2025 Series C funding round and leading a financing round in December that valued Kalshi at $11 billion.

Vergex and Z.ai jointly launched GLM-5 Trading Odyssey, open to developers and traders. Participants can build trading agents based on the GLM model, operating in real markets with real returns as the core evaluation standard.This event differs from traditional AI trading tools, as participants will directly enter real execution scenarios. Vergex, as the AI Trading Harness, provides strategy conversion, constraint validation, and risk control, addressing the challenges of AI trading black boxes and uncontrollable execution. Its open-source project NoFx has received over 11,000 stars on GitHub, providing the technical foundation for this event.It is reported that Z.ai was established in 2019 and is a leading foundational model company. GLM-5 ranks first in the Artificial Analysis Intelligence Index open-source model list, and the upcoming GLM-5.1 is expected to improve performance by about 50% compared to its predecessor. Both parties are promoting AI Trading from model capabilities to production-level systems.

Bitget recently released a new brand video centered around the core proposition of "one-stop linking global Alpha," showcasing the integrated trading environment created by its panoramic exchange UEX.Through a unified account, users can participate in trading various asset classes simultaneously, including cryptocurrencies, stocks, foreign exchange, commodities, and precious metals. The video points out that as the correlation between interest rates, commodities, currencies, and stock markets continues to strengthen, users' trading behaviors are shifting from single markets to cross-asset allocation, with multi-market linkage becoming a new trading trend.Bitget CEO Gracy Chen stated that as users' trading behaviors shift from single markets to cross-asset allocation, the platform's form also needs to evolve in sync. UEX relies on a unified account system to integrate traditional finance and crypto assets, combining a unified margin mechanism, liquidity infrastructure, and AI trading tools to enhance multi-asset trading efficiency. The release of this brand video further reflects Bitget's push towards a more unified and efficient evolution of trading methods.

Paradigm VP Justin Slaughter posted on platform X that Paradigm has released its first public opinion survey report this year, which is also the agency's first survey on prediction markets. The results show that more than one-third (about 36%) of American voters have used prediction markets, either by placing bets or browsing the markets for information. Additionally, most Americans currently do not have a clear attitude towards prediction markets. Even among the 95% of Americans who have heard of prediction markets, nearly half do not have a definitive stance (including users of prediction markets).In terms of user demographics, those under 50 years old account for as much as 66% of the prediction market population, with the 18-34 age group making up 20% and the 35-49 age group making up 27%; non-white voters have a slightly higher usage rate of prediction markets compared to white voters, and men have a significantly higher usage rate than women (46% vs. 31%).

According to official news, the Base ecological trend prediction platform Noise has now opened the waiting list for applications.In January of this year, Noise, a tool for attention markets building a platform for prediction market-related information, announced the completion of a $7.1 million seed round financing, led by Paradigm. Previously, the company also received investment support from Figment Capital, Anagram, as well as GSR, JPEG Trading, and KaitoAI.It is reported that the Noise testnet launched its beta version last May, limited to invited users, attracting over 1,300 users who utilized social media data provided by Kaito to make predictions in an attention market tracking 14 cryptocurrency topics.

According to official news, the Zcash Open Development Lab, founded by former Electric Coin Company CEO Josh Swihart, has completed over $25 million in funding. This round of financing was participated in by Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom, Chapter One, Balaji Srinivasan, David Friedberg, Haseeb Qureshi, James Nicholas, and others.ECC launched its flagship Zcash wallet Zodl in 2024, setting a new standard for Zcash usability. Earlier this year, the original ECC team, including the wallet product team, joined ZODL as a whole to continue building the main user interface for Zcash, aiming to create Zodl as an open self-custody privacy financial platform, expanding ecosystem interoperability through collaboration, and driving privacy ZEC transactions into the global mainstream.The development of the Zcash protocol remains a core focus for ZODL. Engineers who previously designed, built, and maintained key systems for Zcash at ECC have joined ZODL, continuing to advance the protocol evolution with the same commitment and integrity, ensuring that technological advancements support real needs and drive Zcash's product-market fit.At the heart of the Zcash Open Development Lab is the development of an open, self-custodied private financial platform, aimed at expanding ecosystem interoperability through collaboration and pushing protected ZEC transactions into the global mainstream market.