Paradigm announced Monday it completed a massive $2.5 billion new fund to invest in the next generation of leading crypto projects.

Founded in 2018 by Coinbase (COIN  ) cofounder Fred Ehrsam and former Sequoia partner Matt Huang, crypto-native venture capital firm Paradigm boosted its fund size from $1.5 billion as originally reported in October.

Paradigm wrote in blog post: "This new fund and its size are reflective of crypto being the most exciting frontier in technology. This new fund will invest alongside our existing flagship fund across all stages and geographies."

The new trove from Paradigm suggests continued enthusiasm among well-connected crypto investors as the major coins trade around new record highs. Andreessen Horowitz made history in June when it unveiled a $2.2 billion fund, the largest for a crypto fund at the time, and Paradigm's latest raised beats tops that for the largest ever.

Here is the rest of the week in review: reached a historic deal to acquire the naming of rights of the storied Staples Center in Los Angeles, sports and entertainment conglomerate AEG announced Tuesday: "Recognizing these technologies will be at the forefront of powering the future of culture, creativity and entertainment in Los Angeles, AEG and will unveil the newly named Arena on Christmas Day." The multi-purpose arena that is home of the NBA's Lakers and Clippers, the NHL's Kings, and the WNBA's Sparks will change its name after 22 years of operation to Arena. According to media reports, is paying $700 million over 20 years to rename the building. The parties did not publicly disclose the financial terms of what is considered the most expensive naming rights deal in sports history. The 20,000-seat arena has been Staples Center since it opened in October 1999, with the naming rights owned by the office supplies retail firm Staples under a 20-year agreement. is a cryptocurrency platform and exchange founded in 2016 and based in Singapore. The rapidly growing firm has inked pricey sponsorship deals with Formula One, the UFC, Italy's Serie A, Paris St-Germain, the NHL's Montreal Canadiens, and the NBA's Philadelphia 76ers.

Sotheby's seems to be adopting crypto usage, even as ConstitutionDAO on Thursday failed to win an auction to buy a rare copy of the US Constitution, when crypto investors across the globe pooled together millions of dollars worth of Ether (ETH) in an attempt to buy the cultural artifact. A decentralized autonomous organization raised the funds using a digital wallet with the aim of crowdsourcing enough capital to make the winning bid when the document hit the Sotheby's auction block. Although hedge fund billionaire Ken Griffin reportedly beat out ConstitutionDAO and won the auction with a $43.2 million bid, ConstitutionDAO managed to raise $47 million in about a week and almost made history. But on the bright side for crypto enthusiasts, Sotheby's facilitated the sale of a pair of paintings from Banksy for a combined 3,093 ETH, marking the first time the British-American auction house has denominated a sale in crypto.

Crypto prices fell to $2.658 trillion this week amid a slight correction from record highs. For the majors, Dogecoin (DOGE) and Polkadot (DOT) posted outsized losses. In the top 100, the biggest decliners were Loopring (LRC), down 24%, SushiSwap (SUSHI), down 18%, and Fantom (FTM), down 18%. The biggest gainers were Gala (GALA), up a whopping 303%, Oasis Network (ROSE), up 86%, and Coin (CRO), up 80%.

The author does not hold any positions in any of the assets above.