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On today's issue:
Stripe Acquires Bridge
$GOAT memecoin
SOL Pumps
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Stripe Acquires Bridge - the largest M&A transaction in crypto
So, the tech giant Stripe acquires Bridge, the stablecoin API provider, for 1.1B USD. This is a great outcome for the industry, as one of silicon valley's wonder kids is now endeavoring into the space even more.
Stripe going for a middleware provider instead than a full stablecoin issuer says a lot about their thinking, specially given that Bridge's revenue is in the 15m ballpark. The reason is that now Stripe is going to be able to create deeper stablecoin integrations and cut out VISA/Mastercard from the middle and earn back the 1-3% paid to them. Bridge also provides them with licenses and infra for Stripe to issue their own stablecoin in the future.
Zach Abrams was the CPO at Brex, and the founding team has had great experience in web2 leading teams in companies like Airbnb, they knew the playbook, it was, and is, mostly about them. Word says the seed round led by Sequoia was at 40M, with minimal traction.
Investors are happy as well, 1confirmation, Sequoia, and others who have backed the bridge team in rounds in the past.
$GOAT's AI Millionare
GOAT is a Solana memecoin that has gone from 0 to $900M in 2 weeks, and now is at $600M. All because an AI pumped it and became a millionaire.
Truth Terminal, an AI with a twitter account, which is trained by two Claude Opus models talking with each other, started to become obsessed with a NSFW meme called Goatse. It also lured Marc Andreseen to send him 50k in BTC for a grant.
Then, someone created the $GOAT token and airdropped it to the bot's wallet, which was then pumped by the AI and picked up as a hot fire. And now Truth Terminal is a millionaire. Now there's a couple of spinoffs, the coolest one being FLAVIA, a bot that launched and verified a token by itself completely.
$SOL Pumps
Solana is up 16% WoW, reaching $170! The SOL/ETH ratio is at an ATH. Solana fees are at an ATH. The active wallets on Solana are at an ATH. New coins launched are at an ATH.
The reason? Memecoins launching on Solana are easier to launch now more than ever.
The result? Solana nearing ATHs.
Keep pumping.
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Disclosure: All content published is for informational purposes only, and does not constitute any sort of financial advice.
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