PanteraCapital

Pantera Founder, Managing Partner @dan_pantera highlights a theme we've long discussed—in the context of today's macro environment: The Separation of Money & State

@Bloomberg @sonalibasak

In a world where AI agents and AI-generated content are ubiquitous, how will we distinguish what's truly human?

@worldcoin is building the identity layer for the AI age—privacy-preserving, global, and onchain.

@cosmo_jiang & @0xhopydoc unpack our thesis: https://panteracapital.com/world-a-mission-critical-identity-solution/

Crypto's become a legitimate asset class—but "phantom tokenomics" and opaque side deals are keeping the next trillion dollars of institutional capital on the sidelines.

That's why we're backing @blockworksres' Token Transparency Framework.

Read about it👇https://panteracapital.com/the-end-of-cryptos-information-dark-age/

Our latest Blockchain Letter breaks down two of the hottest trends in crypto:

– Digital Asset Treasury ("DAT") companies emulating the MSTR (Strategy) playbook
– Stablecoins and their impact on dollar dominance

Read it here 👉 https://panteracapital.com/blockchain-letter/a-new-frontier-for-crypto-exposure/

Our latest Blockchain Letter breaks down two of the hottest trends in crypto:

– Digital Asset Treasury ("DAT") companies emulating the MSTR (Strategy) playbook
– Stablecoins and their impact on dollar dominance

Read it here: https://panteracapital.com/blockchain-letter/a-new-frontier-for-crypto-exposure/

DATs are the talk of the town—companies emulating the MSTR (Strategy, FKA MicroStrategy) playbook of providing crypto exposure via permanent capital vehicles listed on public equities exchanges.

Read about the case for Digital Asset Treasury companies: https://panteracapital.com/blockchain-letter/a-new-frontier-for-crypto-exposure/

A new frontier for crypto exposure is emerging: Digital Asset Treasury companies (“DATs”).

@cosmo_jiang makes the case for DATs, which provide exposure to crypto via permanent capital vehicles listed on public equities exchanges: https://panteracapital.com/blockchain-letter/a-new-frontier-for-crypto-exposure/

Thank you to everyone who came out to our event with @defidevcorp at @solana Accelerate!

We brought together founders, builders, and investors looking to shape the future of the Solana ecosystem for an evening of networking and discussions. Special thanks to @Station3NYC for hosting us.

ICYMI: Pantera Chief Legal Officer @kspaglia joined CNBC to discuss the Genius Act, stablecoin legislation, and the broader outlook for crypto policy.

Watch the replay here: https://www.cnbc.com/video/2025/05/09/panteras-legal-chief-on-whats-next-after-congress-blocks-key-crypto-bill.html

Photos from the Milken Institute Global Conference, where Pantera Founder and Managing Partner @dan_pantera and Chief Legal Officer @kspaglia spoke on the institutionalization of crypto and AI's impact on finance.

#MIGlobal

Pantera Founder and Managing Partner @dan_pantera will speak tomorrow at the Milken Institute Global Conference on digital asset adoption and the future of investing.

Session: Bending the Curve: Innovation in Asset Management
Date: Tuesday, May 6
Time: 4:00-5:00pm PDT
#MIGlobal

The market may be starting to reward tokens with real fundamentals – a theme we've been emphasizing.

@cosmo_jiang explores this in our latest letter: https://t.co/UYq2c3J8Ck

"We believe the market is increasingly beginning to focus on tokens with sound fundamentals and we are seeing that play out in relative performance.  Fundamentally sound tokens – those with revenue and cash flows – outperformed tokens with no revenue by eight percentage points year-to-date."

Q1 2025 was crypto’s worst quarter since summer 2022 – but there are many reasons to be long-term bullish, as @cosmo_jiang highlights in our latest letter.

Read about them here: https://t.co/UYq2c3JGrS

"While the past may not predict the future, significant drawdowns have nearly always been followed by strong recoveries – though the magnitude of the rebound depends on prevailing conditions and, critically, whether the broader trend remains upward."

Q1 2025 was crypto’s worst quarter since summer 2022 – but there are many reasons to be long-term bullish, as @cosmo_jiang highlights in our latest letter.

Read his current market outlook: https://t.co/UYq2c3J8Ck

"While the past may not predict the future, significant drawdowns have nearly always been followed by strong recoveries – though the magnitude of the rebound depends on prevailing conditions and, critically, whether the broader trend remains upward."

Crypto’s four-year cycles are often attributed to Bitcoin halvings.

In our latest letter, @cosmo_jiang explores an alternative view: https://t.co/UYq2c3J8Ck

"Generally, bitcoin’s price has had major inflections in response to major macro events, which also typically rhyme with global liquidity cycles. In 2012, it was the Eurozone sovereign debt crisis. In 2016, it was Brexit. In 2020, it was the COVID crash. A lot of people attribute bitcoin’s price cycles to the halving, but an alternative interpretation is that there have been major macroeconomic events supporting bitcoin’s bull case that coincidentally have played out every four years."

"It’s early, but it’s possible that, just as digital assets were the first to pull back, they may also be the first to bottom out and rebound."

Pantera General Partner @cosmo_jiang discusses the impact of tariffs on the markets and crypto's reaction:

Tariff volatility and broader macro forces have weighed heavily on crypto markets this year.

In our new Blockchain Letter, @cosmo_jiang breaks down the landscape, highlighting the structural tailwinds being overlooked.

Read it here: https://panteracapital.com/blockchain-letter/looking-past-tariff-volatility/

We’re excited to lead the $29 million Series A round for @symbioticfi.

https://panteracapital.com/why-we-invested-symbiotic