Circle Just Raised $222M For Its Own Blockchain — Should You Care? | Ep 506

Rise Up Media · May 12, 2026 · 1h 32m

Evan and Alex are back from Consensus in Miami and Evan starts by handing Will a celebratory drink for keeping the lights on while the boys were out at Solana Accelerate. The headline news: Jito announced JTX Trade — a new on-chain trading platform designed to make Solana competitive with Hyperliquid for power traders, with a smoother on-ramp for beginners. Evan also walks through Circle's earnings report (revenue up, profit down — they're spending on USDC growth, USYC treasury-bill product, partnerships with Binance, and their ARC blockchain) and explains why a $222M raise for a new…