Haun Ventures is a new crypto-native company founded by former a16z partner Katie Haun

Haun Ventures is a new crypto-native company founded by former a16z partner Katie Haun. The company recently became the lead investor in Highlight’s $11 million seed round. Highlight is an NFT platform that enables creators to build web3 communities using NFTs. The idea of ​​Highlight is to restructure the relationship between the platform and creators, so that people with little background in programming or encryption can enter the NFT field. Haun Ventures aims to help mainstream creators and fan bases use web3 more easily and intuitively, and its vision aligns with Highlight’s philosophy. Although Haun Ventures is just emerging in this space, it has recently led several funding rounds.

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bitcoin 28 days market realized gradient

The main cryptocurrency market finally recovered on Tuesday after a five-day slump. BTC managed to defend the $31,000 support level after a small increase over the past 24 hours. However, upside price action for the largest cryptocurrency by market cap could be extremely limited as it still faces multiple hurdles in the $32,000-$32,500 region. If it can break through $32,600 neatly, BTC may usher in a much-needed recovery. Conversely, if overhead resistance prevails, BTC could also easily slide down and test support near $30,000.

In the derivatives market, funding rates for perpetual contracts remain high as some leveraged traders bet on a fresh reversal after Bitcoin appeared to be gaining ground on several solid support levels. From the perspective of the market’s realization of the gradient, the short squeeze should never be ignored given the many previous bear flips. However, we should also note that chasing lows in a bear market is a risky move.

Similar to BTC, ETH is currently struggling to break above the $2,400 resistance level despite a modest 24-hour rise. The losses suffered by most major non-mainstream coins are also decreasing, with the exception of LUNA. Even as the Luna Foundation Guard (LFG) drained its BTC reserves to defend the UST peg to the dollar, LUNA’s market cap continued to shrink significantly. At the same time, the NFT market was also in turmoil, with many mature NFT series plummeting by more than 20% (valued in ETH).

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