Reddit co-founder Alexis Ohanian is reportedly preparing to launch Kryptós, a crypto-centric fund, to capitalize on the current bear market. Ohanian’s venture capital firm, Seven Seven Six, is looking to raise $177.6 million. “It’s on sale. Everything is on sale,” is how founding partner Katelin Holloway explained the move to The Information. On this edition of Real Vision Crypto Daily Briefing, Paul Guerra and Ash Bennington discuss what Ohanian’s move suggests about opportunities to pick up valuable assets at cheap prices. Also on today’s agenda are Singapore sovereign wealth fund Temasek Holdings’ decision to lead a $100 million funding round in blockchain investment firm Animoca Brands and Tether’s response to a recent Wall Street Journal article that questioned the stablecoin’s transparency and reserves. Then, in today’s feature segment, Paul and Ash deconstruct a recent interview with Luca Mossini, the head of business development at Avantgarde Finance, about the state of DeFi in the aftermath of recent failures. We want to hear from you – please share your questions in the chat!

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