Dragonfly Capital raises $650 million for its third crypto-focused fund

    Dragonfly, the crypto investment firm led by Haseeb Qureshi and Tom Schmidt, unveiled a new fund backed by $650 million in commitments. Among backers are Tiger Global and KKR as well as multiple unnamed university endowments. Dragonfly’s new fund was announced amid a flurry of new investment fund launches across the industry. Some of these…