The Wall Street Journal: In the first half of this year, a16z's crypto fund lost about 40% of its market value

ChainCatcher news, citing sources familiar with the matter, reported by The Wall Street Journal, that a16z's crypto fund has evaporated about 40% in the first half of this year. Among them, there was a loss of $2.9 billion in the remaining shares on Coinbase in the first six months of this year. a16z is currently making adjustments, announcing investments in 9 crypto startups in the third quarter of this year, down from a peak of 26 in the fourth quarter of last year. (source link)