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Onchain derivatives protocol Variational on Thursday announced it has raised $50 million in a funding round led by Dragonfly. Bain Capital Crypto and other unnamed investors participated in the round. What Variational Is Building Variational operates as a peer-to-peer trading protocol. It allows cou

Dragonfly Capital has closed a $650 million fourth venture fund, adding fresh firepower at a time when crypto venture fundraising remains well below its cycle highs. The firm is positioning the new vehicle to back startups building the financial backbone of the digital asset economy, with a clear ti