Billions and even billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. The cryptocurrency market may be in an era of growth, but it is still a volatile one. Situation of extreme fear, smart money investors — TradFi folks who invest with expert knowledge — continue to pour countless sums into the space.

This week’s Crypto Biz newsletter gives you the latest funding stories from the world of blockchain and explores interesting developments surrounding Google (NASDAQ:) and Sam Bankman-Fried.

Andreessen Horowitz shuts down $4.5 billion crypto fund in market turmoil

StarkWare earns $100M from investors who rely on Layer-2 success

Google is looking for new talent to head its global Web3 team

To stop Trump’s comeback, Sam Bankman-Fried may spend $1B by 2024

Be sure to get there before you go How soon will stock prices recover?