Ethereum's relevance continues to dwindle as crypto aligns with institutions.

Circle's Arc blockchain raises $222M from top Wall Street firms, setting a $3B valuation and highlighting USDC's market growth.

Andreessen Horowitz served as the lead investor in the sale with a $75 million investment. Other investors include BlackRock and Apollo Funds.

Ethereum's relevance continues to dwindle as crypto aligns with institutions.