What to Know: Tether CEO Paolo Ardoino is reportedly scaling back a $20B investment plan to consolidate reserves, signaling a shift in venture capital risk appetite. Capital is rotating from general tech investments into Bitcoin infrastructure, specifically Layer 2 solutions that solve scalability and programmability issues. Bitcoin Hyper utilizes the Solana Virtual Machine (SVM) to bring high-speed smart contracts to Bitcoin, raising over $31.2 million in its ongoing presale.
Tether’s strategic roadmap took a sharp turn this week.
Reports suggest CEO Paolo Ardoino is recalibrating the company’s venture allocation. In an interview with Cointelegraph, the stablecoin giant indicated a misconception around the $20B funding plan, but maintained the $500B valuation. That signals a shift from aggressive expansion into wider tech sectors, like AI
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