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Black holes don’t just sit there munching away constantly on the space around them. Eventually they run out of nearby matter and go quiet, lying in wait until a stray bit of gas passes by.

Then a black hole devours again, belching out a giant jet of particles. And now scientists have captured one doing so not once, but twice — the first time this has been observed.

The two burps, occurring within the span of 100,000 years, confirm that supermassive black holes go through cycles of hibernation and activity.

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Andreessen Horowitz has invested in Anchor Labs, a stealthy startup planning to provide digital asset custody, according to multiple sources. The startup is raising up to $17 million in Series A funding, according to a Delaware filing from December that Axios obtained from Lagniappe Labs, though it’s not clear whether the round has closed yet and who else participated.

Hot commodity: Anchor Labs opted to raise funds after acquisition talks with Coinbase didn’t end in a deal. In November, Coinbase unveiled its own plans to provide custody services to institutional investors.

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