Miles Kruppa / Financial Times:
Coinbase co-founder Fred Ehrsam and ex-Sequoia partner Matt Huang announce Paradigm One, a $2.5B fund focused on crypto and Web3 — Fred Ehrsam is behind $2.5bn fund Paradigm One, to which investors jockeyed to commit money — Cryptocurrencies are booming, and a three-year-old investment firm …