Illustration: Rebecca Zisser/Axios

Venture capital firm Andreessen Horowitz has raised $515 million for its second fund dedicated to cryptocurrency and blockchain technologies.

Strategy: Like its $300 million predecessor, the fund will primarily back crypto-related startups, but also will buy and hold some crypto assets.

Zoom in: "We're a crypto venture fund, not a crypto hedge fund," said partner Katie Haun, who joined Andreessen Horowitz in 2018 after having been a federal prosecutor involved in the infamous Silk Road case. "We invest in them after evaluating the technologies and don't trade them."

  • First fund portfolio companies include Anchorage, Arweave, Celo, Filecoin, and TrustToken.
  • Haun and fellow partner Chris Dixon add that the biggest difference between funds is the influx of successful entrepreneurs from adjacent spaces who now are seeking to build on top of crypto technologies — something Dixon refers to as Web 3.0.

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  3. States: California to independently review FDA-approved coronavirus vaccinesWisconsin judge reimposes capacity limit on indoor venues.
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Photo illustration: Aïda Amer/Axios. Photo: Win McNamee/Getty Images

USA Today, one of the largest newspapers by circulation in America, gave Joe Biden its first-ever presidential endorsement on Tuesday.

The big picture: A slew of media companies are endorsing a candidate this year for the first time ever, citing the unprecedented nature of this election.

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Exclusive: AP to call elections for Alexa and other Big Tech channels

Illustration: Sarah Grillo/Axios

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How it works: Because tech firms need to answer millions of unique voice commands and search queries in real time, the results will be coded through an API — an interface that a computer program can read — designed to handle "not enough results in yet" and "too close to call" cases.