a16z Announces Crypto Research Lab

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Today’s Cryptocurrency Headline

a16z, a well-known venture capital institution, announced the establishment of a16z crypto research (a crypto research lab) to promote the development of Web3. The team will be led by Tim Roughgarden, a 20-year researcher and professor of computer science at Stanford and Columbia, who joined the a16z encryption team last year as a research advisor. Other founding members include Stanford University computer science and electrical engineering professor Dan Boneh, cryptocurrency technologist Joseph Bonneau, Espresso Systems chief scientist Benedikt Bünz, and more. It is reported that the team will be deeply integrated with a16z’s protocol design and engineering construction teams, legal and regulatory teams, and marketing teams to build a pipeline that translates scientific ideas into products and services.

BingX’s Bitcoin Chart

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According to Dune Analytics data, Lido, a liquid staking protocol, is currently the largest Ethereum staking service provider, accounting for nearly 29% of Ethereum staking on the Eth2 beacon chain. Kraken ranked second with 8.75%, followed by Staked.us with 3.35%. BTC is down 1.69% over the last 24 hours and has fallen to an intraday low of $39,177. On Friday, the largest cryptocurrency fell below $40,000, the midpoint of a three-month-long trading range, support around $37,000 could stop the pullback. As BTC has been trading between $37,000 and $45,000 in the past 3 months, the sideway will likely continue.

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