**[Pantera Launches Blockchain Fund V, Focusing on 3 Emerging Trends]** According to a report by Jinse Finance, Pantera is launching its fifth blockchain fund (Blockchain Fund V), with the first closing date set for October 31. The fifth fund will also adopt a hybrid structure, consisting of a venture capital fund and an opportunistic hedge fund, focusing on the following three emerging trends and investment strategies: 1. Fundamentally strong tokens, especially those with revenue and cash flow; 2. New liquidity pathways, where new regulations and recent blockchain company IPOs have opened up traditional liquidity avenues, such as IPOs and mergers and acquisitions; 3. The integration of crypto technology and AI, where the application layer of crypto AI is in its infancy, and its potential could create an entirely new market structure through on-chain agents and trading infrastructure.