Gnosis Launches Circles 2.0, Enables Users to Issue Tokens Ethereum sidechain Gnosis announced the launch of Circles 2.0, a personalized currency that anyone can create and use. There are 100,000 users on the waitlist for Circles, the team says. Per the announcement, each person can issue their own Circles currency, without relying on “a centralized institution to print and set the value of money.” They can then send and receive from people they trust. Circles 2.0 is delivered by the newly launched Metri app, a self-custodial wallet operating within the Gnosis ecosystem.
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Bitcoin’s recent price stagnation below the $150,000 mark can be attributed to short-term holders exiting the market, according to Michael Saylor, founder of Strategy. Speaking on the Coin Stories podcast with Natalie Brunell on May 9, Saylor explained that a market rotation is underway, with non-long-term holders cashing out and a new wave of committed investors entering. “A lot of Bitcoin, for whatever reason, was left in the hands of governments, lawyers, and bankruptcy
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According to Back, much of the investor capital tends to arrive after prices begin to rise. “I think if you get a new all-time high, it could quickly become a lot higher,” he said, emphasizing that momentum and retail psychology often fuel further gains.
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