Stripe's billion dollar acquisition of Privy is yet another sign that wallet wars are heating up.

PayPal's $500M horse in this race is Magic, whose last round it led. Magic onboarded 44M+ wallets since 2018, and landed clients like Forbes and Naver.

Old battles, new uniforms.

Magic is now launching @MagicNewton, an AI agent-powered wallet.

@_seanli and @jaemin0x are longtime friends of mine. Definitely worth paying attention to.