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High-profile Aussie investor Mark Carnegie has described last week’s collapse of the terraUSD stablecoin and subsequent carnage in cryptocurrencies as a “Lehman Brothers moment” for the sector that will create opportunities for shrewd investors and savvy web3 operators to thrive.
Sydney-based VC fund Carthona has tapped HostPlus for the first half of a $200 million fund that will back new start-ups, including the raft of emerging Web3 players.
King River Capital’s new Digital Asset Fund is seeking to get in early on fast-growing cryptocurrency related projects, with a fund it intends to close at $150m.
This is Business Insider Australia's morning newsletter for Friday, January 7.