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Ex-Binance M&A Chief Seeks $100 Million for Crypto VC Fund

Bill Qian, who oversaw venture capital investments and acquisitions at Binance Holdings Ltd., is seeking more than $100 million for a crypto VC fund.

Qian, who left Binance last June to become chairman of Dubai-based Cypher Capital, plans to invest in startups focused on web3, the loosely defined next iteration of the internet that proponents say will be more decentralized and reliant on blockchain technology.

(By Ben Bartenstein)

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