Dragonfly

Unusual swarms of dragonflies are sweeping across California. Californians are currently spotting these swarms in both parks and farms, an occurrence that is likely related to warm spring rains.

Galaxy reported that at least 15 attackers exploited a Coldcard vulnerability. Dragonfly’s managing partner stated the issue could have been avoided with $2 worth of AI hardening.

Velocity has raised $38M to develop stablecoin treasury infrastructure for enterprises. The funding is backed by Dragonfly, FirstMark, and Coinbase Ventures, supporting the expansion of software that enables businesses to integrate stablecoins into treasury and payment workflows.

Dragonfly and FirstMark led a $38 million Series A funding round for stablecoin startup Velocity, which connects corporate users to traditional banking systems and compliance frameworks. The investment received support from Coinbase and Ripple.

Dragonfly's managing partner Haseeb Qureshi argues that the AI hacking 'apocalypse' in DeFi is unfounded, as total value stolen and median hack size have declined compared to 2025.

Jeff Bezos, Mark Zuckerberg, and Sergey Brin own superyachts valued at nine figures each, with Brin's 142-meter Dragonfly and Bezos' Koru being notable examples. These yachts, built by companies like Lürssen, feature amenities such as spas, cinemas, and helicopter hangars, reflecting the trend of larger yachts among wealthy tech billionaires.

Venice AI, founded by Erik Voorhees, has raised $65 million in a Series A funding round led by Dragonfly at a $1 billion equity valuation.

Variational, a derivatives venue based on Arbitrum, has raised $50 million in Series A funding led by Dragonfly. The company is developing an Omni app for retail-friendly brokerage services, including zero-fee trading. This investment will support Variational's growth and expansion plans.