netflix and S-1 filing tonight babe?

Circle IPO, American Bitcoin and cricket

Author

Boys Club
April 02, 2025

gm,

Boys Club mentioned in Adweek and Wired in one week? Sorry for winning!

Don’t forget to tune into our weekly livestream today at noon ET, where we’ll be sharing our smooth brain takes on the Circle IPO, college admission essays and ‘@garrytan pls help.’

Bye!

The Boys

Writer: Deana

Editor: Natasha

American Bitcoin. The Trump Sons (Eric & Don Jr.) are proud owners of a Bitcoin mining company with a perfect rage bait name, “American Bitcoin.” American Bitcoin was born from a no-cash merger with a publicly traded crypto infrastructure firm Hut 8, which is contributing 61,000 mining rigs to the deal. Eric and Don Jr. are earning their 20% stake on what I’m going to generously call sweat equity, as Eric will be serving as Chief Strategy Officer.

Circle IPO. Circle, the daddy of the USDC, filed for its long-anticipated IPO on Tuesday. If you’re not familiar with their game, the US-based company was founded in 2013 and today has over $60B USDC in circulation. Their S-1 was released yesterday, giving Twitter’s finance nerds an opportunity to do their favorite thing ever. Circle’s financial statements reveal a relatively low 2024 profit margin compared to their larger rival, Tether, as well as some pretty common but curious backroom dealings. Circle stans say their market cap growth is faster than Tether’s, so back off. All in, though, a positive for an industry in need of some good news.

Quick Hits.

💻 Sohey is hosting a vibe coding workshop using MiniKits next week.

💿 Russ is also hosting a vibe coding workshop in Austin.

👾 Evin and Billions.Network just released DeepTrust, a framework to assign unique identities to AI agents, and enable AI reputation so agents can interact more efficiently.

✨ Another plug for Raven’s AI/AR art show in LA, tomorrow!