DBA raises $68 million for its second venture capital fund

2026-02-20 by admin

BlockBeats News, February 20: Crypto investment firm DBA has raised $68 million for its second venture capital fund. Co-founded by former Galaxy Digital investment co-head Michael Jordan and well-known Ethereum commentator Jon Charbonneau, DBA has previously invested in base-layer infrastructure such as DoubleZero and Monad, stablecoin application Payy, capital platform for ICOs MetaDAO, and Bitcoin scaling solutions.

PANews reported on February 19th that, according to The Block, New York-based crypto investment firm DBA has raised $68 million for its second venture capital fund. This follows its first fund of $50 million, raised in 2023. DBA was co-founded by Michael Jordan, former co-head of investment at Galaxy Digital, and Jon Charbonneau, a well-known Ethereum commentator. It has invested in underlying infrastructure such as DoubleZero and Monad, stablecoin application Payy, ICO fundraising platform MetaDAO, and Bitcoin scaling solutions.

BlockBeats news, February 20, Sean Farrell, head of digital asset strategy at Tom Lee's Fundstrat, released the latest Ethereum analysis. The current average cost of ETH is $2,241, while the current price is $1,934, resulting in an average investor loss of 22%. Comparing the current decline to historical lows, the average maximum investor loss reached 39% in 2022 and 21% in 2025. Applying these two figures to the current average cost of $2,241 suggests ETH could potentially drop to lows of $1,367 or $1,770.Based on realized loss percentile analysis since 2017 to project future returns, the current average loss is at the 9% percentile of historical highs, indicating a relatively high loss level. The implied 12-month return is +81%. This suggests Ethereum's price is nearing a bottom. In the long term, Ethereum's risk/reward ratio appears positive.Tom Lee himself reposted the analysis, stating it helps in considering investor capital flows and position allocation near lows.

PANews reported on February 19th that, according to The Block, Coinbase announced that its on-chain lending product via the Morpho protocol now supports XRP, Dogecoin, Cardano, and Litecoin as collateral. Eligible users in the US, excluding New York State, can borrow up to $100,000 USDC by pledging these four assets without selling their holdings. Coinbase's product manager, Jacob Frantz, stated that this move aims to allow users to utilize their crypto assets without selling them, and that more tokenized assets will be supported in the future. Launched last year, the on-chain lending product previously supported BTC and ETH, with a BTC collateral borrowing limit of $5 million USDC and an ETH collateral borrowing limit of $1 million USDC. Company data shows that the product has generated over $1.9 billion in loans to date. The lending service is powered by the Morpho protocol on the Base network, with Coinbase providing the interface and charging a one-time loan fee. On-chain loans have no fixed repayment period, but borrowers must maintain a healthy collateralized value (LTV) to avoid liquidation. The maximum LTV for BTC and ETH loans is 75%, with a liquidation threshold of 86%; for XRP, DOGE, ADA, and LTC loans, the maximum LTV is 49%, with a liquidation threshold of 62.5%. Loan interest rates are determined by supply and demand within the Morpho protocol, and loan funds are prohibited from being used for trading on Coinbase according to the terms of the agreement.