According to Bloomberg, venture capital firm General Catalyst is in discussions to raise approximately $10 billion in new capital, which is expected to become one of the largest fundraising efforts in its history. Currently, the fundraising plan is in preliminary stages, and the final scale and timeline may be adjusted based on market demand and feedback from institutional investors. General Catalyst has previously invested in multiple cryptocurrency and blockchain companies, and if this round of fundraising is completed, it is expected to compete with a16z to further solidify its position among major U.S. venture capital institutions.