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Deep Tide TechFlow News, May 11, according to @cryptounfolded, Circle completed the pre-sale of Arc tokens, raising $222 million, with a fully diluted valuation of $3 billion, led by a16z, with major institutions such as BlackRock, Apollo, participating. Arc is positioned as a public blockchain targeting institutional contracts, governance, and AI agents, using USDC for settlement at the core, and Circle will receive 25% of the tokens for use in validator income.