Hack VC, a New York-based venture firm focused on crypto and digital assets, has raised a new $150 million fund to invest in early-stage startups, Ryan writes. After the deep downturn in crypto funding in 2023, LPs are betting on a turnaround for the digital asset industry. Hack VC has invested in well-known crypto startups including Consensys, Mysten Labs, Republic and Amber Group. It has also had a few flops, notably Terraform Labs, which was at the center of the 2022 crypto collapse, and BlockFi, which succumbed to that collapse.