A surge in violent physical assaults targeting cryptocurrency holders, known as ‘wrench attacks,’ is capturing headlines, with incidents growing in both frequency and brutality. However, a new analysis by Dragonfly partner Haseeb Qureshi suggests that while the absolute number of crimes is up, the underlying risk for the average crypto user has not escalated dramatically compared to previous market cycles, revealing a complex interplay between market value, adoption, and criminal targeting.
about Crypto 'Wrench Attacks' Rising in Violence, But Risk Per User StableHaseeb Qureshi
0 posts last weekBitcoin Nears Breakout: $100K or $75K Ahead?
After six weeks of consolidation, Bitcoin is approaching a critical technical juncture, compressed within a symmetrical triangle pattern that traders believe will soon resolve with a sharp directional move. With the price hovering around $88,500, the market is divided between bullish breakout scenarios targeting $100,000 and bearish breakdowns that could see a drop toward $75,000, all while institutional investors continue to accumulate the asset despite the uncertainty.
about Bitcoin Nears Breakout: $100K or $75K Ahead?Bitcoin $150K Forecast Amid Market Shift: Dragonfly Partner’s 2026 Outlook
Dragonfly Capital partner Haseeb Qureshi has laid out a vision for 2026 where Bitcoin’s price could surge past $150,000 even as its grip on the overall crypto market weakens. This bullish forecast, which anticipates capital rotating into networks like Ethereum and Solana, stands in stark contrast to warnings from other analysts of a prolonged bear market and potential declines toward $64,000. Qureshi’s outlook extends to a pivotal year for corporate adoption, predicting major tech firms will embrace crypto wallets.
about Bitcoin $150K Forecast Amid Market Shift: Dragonfly Partner's 2026 OutlookHaseeb Qureshi: Ethereum’s Valuation Should Mirror Early Amazon
Dragonfly managing partner Haseeb Qureshi has sharpened his defense of Ethereum’s valuation, arguing that critics are using the wrong financial framework. In a recent podcast appearance, he contended that ETH should be analyzed more like an early-stage Amazon than a mature value stock, with blockchain fee revenue treated as pure profit rather than traditional sales. This perspective challenges conventional metrics and reframes the debate around how to properly value foundational layer-1 blockchain technology during its exponential growth phase.
about Haseeb Qureshi: Ethereum's Valuation Should Mirror Early AmazonAster Returns to DefiLlama Amid Data Transparency Concerns
DefiLlama has quietly reinstated decentralized exchange Aster to its analytics platform weeks after delisting it over disputed trading data. The return comes with significant gaps in historical data and unresolved questions about data legitimacy, raising transparency concerns across DeFi dashboards and highlighting ongoing challenges in the verification of decentralized finance metrics.
about Aster Returns to DefiLlama Amid Data Transparency ConcernsAvalanche Treasury Co. Merges in $675M Deal for Nasdaq Listing
Avalanche Treasury Co. is merging with Mountain Lake Acquisition Corp. in a landmark $675 million deal targeting a Nasdaq listing in early 2026. The company will leverage an exclusive partnership with the Avalanche Foundation to acquire AVAX tokens at a significant discount while actively driving ecosystem growth, positioning itself as a strategic growth engine rather than a passive holder.
about Avalanche Treasury Co. Merges in $675M Deal for Nasdaq ListingDragonfly Proposes Reputation System to Fix Airdrop Farming
Dragonfly Capital’s managing partner Haseeb Qureshi has unveiled a groundbreaking proposal to overhaul token distribution models by introducing a standardized reputation system. This framework, designed to reward long-term holders and penalize mercenary farmers, draws inspiration from traditional IPO allocations and credit scoring, aiming to create ecosystem-wide accountability and sustainable growth in the crypto space.
about Dragonfly Proposes Reputation System to Fix Airdrop FarmingHyperliquid’s USDH Stablecoin Race Heats Up
Hyperliquid’s move to replace USDC with its native stablecoin USDH has sparked a competitive bidding war among eight major organizations including Paxos, Ethena, Agora, and newcomer Native Markets. Native Markets has emerged as the Polymarket favorite with 84% odds, proposing a hybrid reserve model managed by BlackRock and Stripe-owned Bridge. However, concerns have been raised about potential conflicts with Stripe’s own blockchain plans. Meanwhile, established players like Paxos have strengthened their proposals, with Paxos announcing a revised partnership with PayPal that could bring 400M+ users to Hyperliquid. Validators will ultimately decide which proposal best serves the ecosystem’s long-term interests, with the decision carrying significant implications for Hyperliquid’s growth and institutional adoption.
about Hyperliquid's USDH Stablecoin Race Heats UpDOJ Clears Dragonfly in Tornado Cash Case as Trial Nears End
Dragonfly managing partner Haseeb Qureshi revealed that the DOJ will not bring criminal charges against the firm, despite its 2020 investment in Tornado Cash—a privacy tool now sanctioned by the U.S. Treasury. Roman Storm, Tornado Cash’s co-founder, faces charges of laundering over $1 billion and violating sanctions tied to North Korea’s Lazarus Group. The trial, underway in Manhattan, could redefine accountability for open-source developers, with Storm potentially facing 45 years in prison. Prosecutors allege Storm approved illicit transactions, while defenders argue the protocol’s code—not its creator—should be judged. The outcome may impact privacy tools and innovation in crypto.
about DOJ Clears Dragonfly in Tornado Cash Case as Trial Nears EndDragonfly Faces Charges Over Tornado Cash Investment
Dragonfly, a venture capital firm, revealed that the U.S. government is weighing potential charges related to its 2020 investment in PepperSec, the developer of Tornado Cash. Managing partner Haseeb Qureshi called the prospect ‘outrageous,’ stating the firm secured legal confirmation that Tornado Cash complied with FinCEN guidance before investing. The case follows setbacks in the prosecution of Tornado Cash developer Roman Storm and ongoing regulatory scrutiny of crypto privacy tools. Dragonfly emphasized it had no operational role in Tornado Cash and complied fully with a DOJ subpoena. The firm warned that targeting investors could stifle venture funding for blockchain innovation. The Treasury’s OFAC sanctioned Tornado Cash in 2022, but court challenges later forced adjustments to the sanctions.
about Dragonfly Faces Charges Over Tornado Cash InvestmentDragonfly Capital Faces DOJ Scrutiny Over Tornado Cash Investment
Dragonfly Capital could face federal charges due to its early investment in Tornado Cash developer PepperSec, Inc. The DOJ is reportedly scrutinizing the firm’s 2020 backing of the privacy-focused protocol, which obscures blockchain transactions. Dragonfly’s managing partner, Haseeb Qureshi, stated the firm consulted legal counsel before investing and believes in the importance of open-source privacy technology. The firm is prepared to ‘vigorously defend’ itself if prosecuted.
about Dragonfly Capital Faces DOJ Scrutiny Over Tornado Cash InvestmentPump.fun Raises $600M in 12-Minute ICO, Hits $4B Valuation
Pump.fun’s lightning-fast ICO raised $600 million in 12 minutes, selling 15% of its PUMP token supply at $0.0040 per token, valuing the platform at $4 billion. The tokens, distributed over 48-72 hours, will be locked until July 15. Major exchanges like Kraken and KuCoin facilitated sales, though Bybit faced API delays, leading to oversubscription. The U.S. and U.K. were barred from participation due to regulatory hurdles. Despite the success, critics highlight concerns over tokenomics—40% of supply is allocated to Pump.fun—and competition from rivals like LetsBONK. The crypto community remains divided, with some praising its revenue potential and others decrying its speculative nature.
about Pump.fun Raises $600M in 12-Minute ICO, Hits $4B Valuation