“Top 5 Cryptocurrencies to Watch in 2021”

🚀 Big news in the world of venture capital! Sequoia Capital has made some major changes to its cryptocurrency fund, cutting it by over 65% to $200 million. 💲

📰 According to the Wall Street Journal, this move comes as Sequoia Capital adapts to the evolving landscape and focuses on newer startups. The ecosystem fund has also been halved to $450 million, reflecting the changing priorities of the venture capital giant.

🔄 The recent crypto downturn has posed challenges for investing in larger companies, prompting Sequoia Capital to reevaluate its strategy. One notable investment that did not go as planned was the $150 million bet on the now collapsed crypto exchange FTX, which had to be written off entirely. 📉

💡 It’s always interesting to see how the crypto market influences traditional investors like Sequoia Capital. Stay tuned for more updates on this evolving story! 🌟

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