Dragonfly Cap2026-10-04 04:05:55Dragonfly Capital partner says ongoing token unlocks are eroding confidenceDragonfly Capital managing partner Haseeb Qureshi said ongoing token unlocks are hurting market confidence in some tokens, according to comments he made during an Aug. 28 interview with Bankless. He said many projects are dealing with persistent selling pressure tied to multi-year unlock schedules, with tokens released over time continuing to hit the market. Qureshi said some strategic investors sell as soon as they receive tokens. Over a four-year vesting period, each tranche of unlocked tokens may be sold, he said. In his view, that repeated pattern makes it harder for secondary market investors to step in and can leave traders with the impression that certain token prices only move lower rather than higher.20
Dragonfly2026-09-15 16:32:03Dragonfly partner says on-chain Pre-IPO derivatives suggest AI lab valuations held up despite calls to slow frontier raceDragonfly managing partner Haseeb Qureshi said price moves in on-chain Pre-IPO derivatives point to an unusual set of market expectations around AI lab valuations. He said earlier pessimistic comments on AI risk from Jacob Coxon appeared to push valuations of related labs higher, arguing that scaring people seemed to help the business case rather than hurt it. Qureshi also said valuation levels did not change much after Anthropic CEO Dario Amodei called for the frontier race to slow down. In his view, that reaction was not surprising, because less intense model competition could mean lower training spending and reduced core capital expenditure. He added that after David Sacks publicly criticized Amodei, Anthropic’s valuation was largely unchanged, while OpenAI’s valuation declined instead. Qureshi questioned why the two names appeared to diverge in that way, based on the pricing signals from those on-chain derivatives.820
Robinhood2026-09-15 00:51:27Dragonfly partner says Robinhood is prioritizing low fees and on-chain scale over short-term revenueDragonfly partner Haseeb Qureshi said in a post on X that Robinhood Chain’s recent changes appear to be a deliberate strategy rather than a mistake. According to him, after Robinhood raised the chain’s gas limit and lowered user fees, on-chain revenue fell noticeably. Even so, decentralized exchange trading volume remained strong and currently ranks behind only Solana. Qureshi argued that Robinhood is not trying to maximize short-term sequencing revenue. Instead, he said the company appears focused on expanding on-chain capacity, bringing more tokenized assets onto the chain, and increasing the overall scale of economic activity taking place on blockchain rails. In his view, that goal requires a larger network capacity paired with consistently low transaction costs. The remarks frame Robinhood’s latest chain-level adjustments as a capacity and growth play, with fee compression accepted as part of a broader push to grow its on-chain ecosystem.920
Dragonfly2026-09-01 04:26:08Dragonfly partner says Anthropic and OpenAI IPOs could channel gains to San Francisco real estate and cryptoDragonfly managing partner Haseeb Qureshi said in a post on X that the initial public offerings of Anthropic and OpenAI could amount to the largest liquidity transfer in history from global institutions to "San Francisco futurists." In his view, the most concentrated beneficiaries of that capital would be San Francisco real estate and cryptocurrencies. Qureshi also pointed to employee lockup mechanics, saying such restrictions typically expire 180 days after an IPO. Based on that timeline, he said that if Anthropic goes public in mid-October as expected, the process would likely begin in April 2027 and continue with OpenAI’s IPO the following year. The comments were cited by ChainCatcher as part of a market analysis update.780
Dragonfly2026-08-04 00:23:18Dragonfly partner says Coldcard flaw could be found by AI for about $2Dragonfly managing partner Haseeb Qureshi said on X that security is increasingly becoming a cost competition between attackers using frontier AI to scan for vulnerabilities and defenders paying for AI-based hardening. He said Claude was able to find the Coldcard-related flaw in eight minutes, while GLM reproduced it in 20 minutes, which in his view suggested Coldcard had made almost no investment in AI security hardening. Qureshi estimated that the discovery cost of reproducing the attack with GLM 5.2 was only about $2, meaning an AI model could identify the vulnerability for roughly that amount. He warned that small companies will struggle to survive in security-sensitive product categories and argued that any security-sensitive product should undergo AI security scanning on every release.1660
ChainFeeds2026-07-29 01:50:19ChainFeeds research roundup covers Haseeb on crypto VC, Ethereum’s 2030 roadmap, RWA market shifts and Korea-linked volatilityChainFeeds’ July 29 research roundup brought together five separate pieces spanning venture capital, Ethereum scaling, industry narrative shifts, RWA perpetuals, and Korean equity-linked market turbulence. One section highlighted comments from Dragonfly managing partner Haseeb Qureshi, who argued that parts of crypto venture investing may not remain attractive forever, especially if the industry becomes dominated by large incumbent platforms and network effects by 2030. He also questioned tokenization projects built around single assets unless they can scale around assets such as U.S. Treasuries or stocks and solve distribution. Another section focused on Ethereum’s 2030 roadmap, describing a five-part vision that includes 4-second block times, a Gigagas L1 targeting roughly 1 billion gas per second, expanded blob capacity for L2s, post-quantum cryptography, and native privacy through zero-knowledge proofs. The roundup also featured an essay arguing that the “crypto utopia” narrative has faded and that the industry is moving into a more business-like consolidation phase centered on stablecoins, prediction markets, tokenization, perpetuals, and AI agents. The final two pieces examined the growing role of trade.xyz within Hyperliquid’s HIP-3 framework and a sharp move in the SKHX perpetual contract tied to a thin Korean premarket print, which ChainFeeds said triggered cascading liquidations. Together, the report presented a snapshot of how crypto capital, infrastructure, and market structure are changing in mid-2026.2180
crypto ventur2026-07-28 23:05:41Active crypto VC firms fall to 150 in July, down 87% from the 2022 peakDragonfly managing partner Haseeb Qureshi said crypto venture capital may be approaching a “last vintage funds” phase as mature networks become harder for startups to challenge. He argued this does not mean the crypto industry is disappearing. Instead, scale, liquidity, and network effects are becoming more concentrated on a small number of established platforms. Qureshi said that by 2030, many of the most important companies in crypto may already have been built. Large platforms could still expand, but the room for new entrants to overturn the market may be limited. In his view, investors may be underestimating the possibility that growth in the crypto market will not necessarily keep producing investable startups. Data from Cryptorank shows that as of July 28, only 150 independent venture firms took part in crypto funding rounds during July, the lowest level since November 2020. That figure is well below the peak of 1,177 active investment firms recorded in May 2022, a drop of about 87%. Qureshi also said he is cautious on startups built around a single financial product on platforms such as Hyperliquid, arguing that if the platform controls distribution, those companies look more like distributors than durable businesses.1800
Dragonfly2026-07-23 20:25:15Dragonfly Partner Haseeb: Bears Are Too Bearish, ETH and SOL Have Bright FutureDragonfly managing partner Haseeb Qureshi says the exodus of crypto OGs is a healthy shakeout, bears are overly pessimistic, and ETH and SOL have strong long-term prospects amid exponential tech growth.380
