GM, Circle’s IPO has been talked about for a number of years, and finally it just took a big step to reality after the US firm—which issues popular stablecoin USDC—filed to go public on the New York Stock Exchange (NYSE). This week we’re digging into its 200-page plus financials to give you the low down on this major crypto IPO. Best, Gary and Jon What’s going on? Going public has long been a key objective for Circle. In 2021, it joined the wave of companies trying to list through a merge

GM, This week we’re looking at the growing convergence between traditional finance and payments and the Web3 industry. This year alone, billions have been spent on acquisitions both ways and companies on both sides are likely to increasingly look like each other. Let’s dive in! Best, Jon and Gary What’s going on? The year may be young but already we’ve seen huge deals between traditional and Web3 finance and payment companies suggesting that convergence between the two is accelerating. I

GM, It’s been a month since Web3’s largest ever hack took place: ByBit lost $1.5 billion at the hands of North Korea-affiliated hackers. The audits are in, the real-time stories have been written, but what are the bigger takeaways from this catastrophic event? Our newsletter this week has answers, but also raises further questions. Best, Gary and Jon What’s going on? ByBit was hit by a record hack on February 21 which saw it lose nearly $1.5 billion after North Korean hackers intercepted