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📰 【Circle withdraws $222 million from BlackRock and A16z to launch Arc blockchain with a $3 billion valuation】
Circle Internet Group raised $222 million through a private token pre-sale of its ARC token, which is associated with a new stablecoin-native first-layer (L1) blockchain called Arc, with a fully diluted valuation of $3 billion. Circle completed the $222 million token pre-sale, involving more than a dozen institutions...
Brothers, just look at this headline and I want to curse. Circle’s people, on one hand, they have $222 million from BlackRock and A16z, and on the other hand, they launch a new public chain called Arc. You’re saying this L1 chain is for stablecoins—I don’t believe a word of it! This is clearly the old playbook: first draw a big pie and hype a $300 million valuation, then issue the ARC token to fleece retail investors. Retail investors, please don’t be foolish and rush in again to take the bag. The tricks in this market run deep—our little bit of hard-earned money is nowhere near enough for them to pick their teeth with.
👇👇👇👇👇