ChainCatcher news, according to Jinshi reports, over 200 venture capitalists publicly support Kamala Harris's bid for the White House, stating that without a "strong and trustworthy institution," Silicon Valley and other industries would collapse. Signatories of the "VCs for Kamala" pledge include billionaires Mark Cuban, Reid Hoffman, and Reid Hoffman, as well as industry leaders such as Brook Byers, co-founder of Kleiner Perkins, Ron Conway of SV Angel, and Aileen Lee of Cowboy Ventures. The group describes itself as "supporting business, supporting the American dream, supporting entrepreneurship, and supporting technological advancement."

ChainCatcher news, the decentralized cross-chain trading protocol THORChain announced that its token RUNE has been fully allocated to the protocol and reserves. The treasury now holds only 7 million RUNE (2% of the circulating supply) to fund the ecosystem. All original seed, team, and investor tokens were unlocked months ago. All participating venture capitalists have exited.

ChainCatcher news, cryptocurrency venture capital Dragonfly Capital partner Tom Schmidt stated on CoinDesk TV on Monday that the collapse of FTX has sounded the alarm for venture capitalists. Schmidt mentioned that, regarding FTX, due to the impact of the financing environment, cryptocurrency startups find it easier to obtain early-stage "low-interest" financing, with a large influx of funds into the VC market, which may lead venture capitalists to overlook some warning signs of projects. "When there are more bidders than opportunities, prices naturally rise, which shortens due diligence time and reduces the negotiating power and influence of venture capitalists in these discussions." (CoinDesk)