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ICYMI: Arch Labs announced a $13 million raise with the goal of launching a bitcoin virtual machine. 

The Series A round was led by Pantera Capital.

“We’re at a pivotal moment—both for Arch and for Bitcoin. Bitcoin has seen massive growth and institutional acceptance, but the mempool tells a different story: Not enough on-chain activity is driving sustained fees for miners,” CEO Matt Mudano told me. “This raise allows us to scale engineering, grow our community and support a new wave of builders. Our focus is on creating a thriving, composable ecosystem of applications that bring…

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