21 Co., a Silicon Valley startup that has raised over $110 million from venture capitalists to develop software and hardware for bitcoin mining, appears to be undergoing something of a mission expansion.

The Silicon Valley company this week unveiled a product that allows users to replace their public email with a new inbox that people outside that user's network must pay to send into. It uses bitcoin infrastructure, and seems aimed at investors, top business executives, celebrities or anyone else who receives far more inbound email than they can (or want to) handle. As CEO Balaji Srinivasan explained on Product Hunt: "You can keep the money or donate it to charity. It's like LinkedIn InMail, except you actually get paid."

Why is that name familiar? Balaji Srinivasan is one of President Trump's candidates to run the U.S. Food and Drug Administration, a position that has not yet been filled.

Pivot: A source close to 21 tells Axios that the new mail product isn't a stand-alone business in itself, but rather is the "first in a series of offerings using distributed micropayments to try and solve common problems." It is unclear how this move affects what had been 21's core business, as Srinivasan has not returned a request for comment.

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Biden releases plan to strengthen coronavirus supply chain

Photo: Brendan Smialowski/AFP via Getty Images

Joe Biden's campaign released a three-part plan Tuesday to rebuild U.S. supply chains in the wake of the coronavirus pandemic, and it's centered around the idea that the country is more vulnerable to global disruptions in spite of President Trump's "America First" rhetoric.

Why it matters: Biden is proposing a way to make sure the U.S. doesn't rely on other countries for personal protective equipment (PPE) and other related medical supplies. That's another way of acknowledging that we're not getting over this health crisis anytime soon.

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The major police reforms that have been enacted since George Floyd's death

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Nationwide Black Lives Matter protests sparked by George Floyd's killing have put new pressure on states and cities to scale back the force that officers can use on civilians.

Why it matters: Police reforms of this scale have not taken place in response to the Black Lives Matter movement since its inception in 2013, after George Zimmerman's acquittal for shooting Trayvon Martin, an unarmed Black teenager.

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Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 1:30 p.m. ET: 11,679,808 — Total deaths: 539,764 — Total recoveries — 6,348,785Map.
  2. U.S.: Total confirmed cases as of 1:30 p.m. ET: 2,953,423 — Total deaths: 130,546 — Total recoveries: 924,148 — Total tested: 36,032,329Map.
  3. States: Arizona reports record 117 deaths in 24 hours.
  4. Public health: Trump administration invests $2 billion for drug treatments.
  5. Business: Breaking down the PPP disclosure debacle
  6. World: Brazil's President Bolsonaro tests positive— India reports third-highest case count in the world.