Potential A16z-Linked Wallet Stacks $90.87M in HYPE Across 34 Days

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A wallet onchain linked to venture capital firm a16z (Andreessen Horowitz) by Lookonchain has quietly accumulated 2.11 million HYPE tokens worth approximately $90.87 million since April 14. Smart Money Bets on Hyperliquid Dip Blockchain analytics firm Lookonchain flagged that wallet 0xb5E4, whose funding history and transaction patterns have led multiple analysts to associate it with […]

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Cointelegraph Twitter

🗞️ Need to catch up on the news? Here's our top 10 from today: 🔸 Kevin Warsh is set to be sworn in as the new Fed Chair on Friday, replacing Jerome Powell. 🔹 Google and Blackstone launch a joint venture to build a new AI cloud company using Google's specialized chips, backed by a $5 billion equity commitment from Blackstone. 🔸 Bitwise announces it will hold $HYPE on its balance sheet, allocating 10% of its Hyperliquid ETF (BHYP) management fee directly toward the token. 🔹 Meta plans to cut 20% of its global workforce and shift 7,000 employees to AI initiatives as part of a major restructuring set for May 20, per Reuters. 🔸 The SEC rescinds its decades-old "gag rule," allowing companies

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