The $4.5 Billion Crypto VCs Raised in A Bear Market Came with A Different Pitch, and the New One Is Spelled “AI”
Crypto startup funding hit a 12-month low in April 2026, yet a16z crypto, Haun Ventures, Dragonfly, and Framework Ventures closed billions in new funds. Polina examines why LPs kept writing checks and how stablecoins, tokenization, and AI agents became the pitch that worked.