News from "Blockworks"

The article discusses various topics in the crypto and financial sectors, including airline rewards programs, Binance's promotion of stablecoins, hidden costs of DATs, and merger arbitrage in crypto.

Circle is building its own Ethereum-compatible layer-1 blockchain, Arc, which uses USDC for gas and focuses on payments, raising questions about its impact on Ethereum's role as a stablecoin settlement layer.

TeraWulf's stock surged after announcing a 10-year high-performance computing deal with Fluidstack, backed by Google, which includes an 8% stake in the bitcoin miner and $370 million in estimated annual revenue.

SEC Commissioner Hester Peirce advocates for privacy-preserving technologies, echoing cypherpunk principles, and critiques the third-party doctrine in a speech defending financial privacy.

Bullish, a crypto exchange, closed 89% above its IPO price after a volatile NYSE debut, with its bitcoin treasury providing a competitive edge in spot and derivatives markets.

Maple's yield-bearing syrupUSDC stablecoin is being integrated into Drift, Solana's perpetual futures DEX, allowing traders to earn passive income while using it as margin collateral.

Curve Finance celebrates its fifth anniversary, reflecting on its unconventional CRV token launch and its evolution into a core DeFi protocol, while founder Michael Egorov discusses its growth and future focus.

Bullish's stock surged significantly above its IPO price during its NYSE debut, reflecting strong demand for equity exposure in the crypto sector.

Zora, a creator-token app, has gained significant user engagement, but its speculative nature and handling of creator tokens have sparked debate among users and artists.

Offchain Labs, the company behind Arbitrum, has acquired smart account infrastructure provider ZeroDev to enhance user experience and streamline blockchain interactions, signaling a broader ambition to improve Ethereum scaling and smart contract functionality.