# Cycle Snaps #4: Casinos vs. disruption, CRCL, and more

**Published by:** [Social Graph Ventures](https://paragraph.com/@socialgraphventures/)
**Published on:** 2025-06-06
**URL:** https://paragraph.com/@socialgraphventures/cycle-snaps-4

## Content

Most pitches are around crypto as a casino, but everyone once in a while there’s one of crypto as deep disruption to an industry. Those are moments to stop and thinkGC incubated Jeremy Allaire as an EIR. Another point for EIR programsDon’t try to grapple with Circles revenue, ebitda, or net profit multiples. They are multiple times higher than anyone else, in any industry. The market outlook is clear: USDC will overtake USDT, 10x faster than the blink of an eye There’s always something in the young hungry foundersMini apps on Farcaster and World are the best way to distribute an mvp, it’s table stakes nowadaysMet a team of big names, ex-BCG, ex-FTX, ex-Robinhodd, ex-YC, etc. They mentioned amazing MAUs and unbelievable d30 retention, but upon further inspection of the product, it's clear the metrics are cookedChat next week, and share with a friend if you liked it!Subscribe

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