According to Foresight News, Paradigm partner Matt Huang revealed in an interview with The Information that the company will not abandon its investments in the crypto sector. Instead, Paradigm plans to raise a $1 billion fund by the end of this year or early next year.

In May, Paradigm removed all cryptocurrency-related content from its website homepage and Twitter profile, changing its description to a 'research-driven technology investment firm.' However, the company reversed this change a month later.