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Blockchain Capital raises $150 million for new fund

Illustration: Rebecca Zisser/Axios

Blockchain Capital, an investor in such companies as Coinbase and Ripple, has raised $150 million for its fourth fund.

Why it matters: This appears to be the largest venture capital fund raised to focus exclusively on blockchain and cryptocurrency technologies.

Blockchain Capital, which invests in both equity and digital tokens, made news last year when it raised its third fund via an initial coin offering, but managing partner Bart Stephens said the new fund was done in a more traditional fashion.

"Most institutional investors want to invest cash and get cash in return," he explains. "By investing with us they're already getting into technologies that they consider adventurous, and for a lot of them it's a step too far to have their investment be in the form of a coin."

Alexi McCammond 6 hours ago
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Exclusive poll: GOP Senate seats threatened in Arizona, Nevada

Data: SurveyMonkey poll conducted April 2–23, 2018Poll Methodology; Note: "No answer" responses not shown; Chart: Axios Visuals

Democrats have a real shot at winning two of the three Senate seats where Republicans are most vulnerable in the midterm elections, according to a new Axios/SurveyMonkey poll.

The bottom line: The poll provides new evidence that Republicans' hold on the Senate may not be as solid as it once looked. Democrats could win the open Arizona seat and possibly defeat Republican incumbent Dean Heller in Nevada. The third race, in Tennessee, is a statistical tie.

David McCabe 6 hours ago
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Facebook can't get a break from D.C. conservatives

Mark Zuckerberg and Sen. John Kennedy (R-LA)
Mark Zuckerberg and Louisiana Sen. John Kennedy. Photo: Zach Gibson / via Getty Images

Facebook, despite years of outreach to conservatives, remains a punching bag for the right.

Why it matters: Facebook can't maintain its power as a network for everyone if one group of lawmakers — and users — keeps perceiving it as biased against them.