The Bank of England's base rate reached a recent high of 5.25% in 2023. It remained at that level until August 2024, when the Bank started cutting.
Amid its fundraise, a16z crypto has been active in dealmaking. Recent examples have included a decentralized protocol called Babylon that helps users collateralize their Bitcoin holdings, a cross-platform integration tool for prediction markets called Kairos, and a $50 million investment into the Solana staking protocol Jito.
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