Aug 12: L1 and Done - Everybody’s Building a Blockchain Now
Today’s Headlines
Circle & Stripe Build Layer 1 Blockchains
Circle’s new Arc chain will use USDC as native gas. Stripe is developing its own L1 with Paradigm after acquiring Privy in June. Between Coinbase, Robinhood, Stripe, and Circle, we’re staring down a four-way fintech L1 showdown.
Bitmine Hits 1.15M ETH
Bitmine became the first public company to hold over 1M ETH—worth $5B—after adding 320K ETH in a week. SharpLink isn’t far behind with 598,800 ETH ($2.5B). Companies are accumulating ETH at record speed, with 97% of holders now in profit.
Treasury Tokenization Expands
Heritage…
The skinny
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