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“It's peak AI bubble. You get billion-dollar valuations on startups that have nothing — five people, no product, no innovation, just recent grads.”

— Ali Ghodsi, CEO & Co-Founder, Databricks

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📚 Our Top Reads This Week

  • List of AI’s biggest names 40+ favorite AI products. a16z. Link

  • How will stablecoins eat payments, and what will happen next? A16z crypto. Link

  • Crypto Outlook 2025. Credit Suisse. Link

  • 10 Crypto Predictions for 2025. VanEck. Link

  • 2024 Developer Report, Why Stablecoins Will Eat Payments. TPAN. Link

  • One Billion AI Agents Are Coming. Bankless. Link

  • Databricks and its IPO Strategy. Chris Tottman. Link

  • Blockchain Innovation Will Put an AI-Powered Internet Back Into Users’ Hands. Chris Dixon. Link

Stablecoin Payment Expansion in the US💸

BVNK raised $50M to make global payments faster and easier for businesses.

Backers: Haun Ventures, Coinbase Ventures, and Tiger Global Management.

Exclusive: Crypto startup BVNK raises $50 million at around $750 million valuation amid red-hot stablecoin interest | Fortune Crypto

Use cases of Stablecoins:

  • Global payroll: Deel pays contractors instantly using stablecoins like USDC.

  • Merchant payments: Rapyd and Visa settle payments in stablecoins for faster, global merchant payouts.

  • Marketplace payouts: Platforms like Airbnb and Amazon streamline payouts, reducing delays and FX risks.

By the data: BVNK has grown 200% yoy, processing $10B annually for businesses like Deel, Rapyd, and Trust Payments.