The Daily Index — Tuesday, February 4, 2025 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

COINBASE SECURES SPOT ON UK CRYPTO REGISTER

Coinbase has secured registration with the UK's Financial Conduct Authority (FCA), becoming the largest crypto exchange to receive approval to directly offer crypto services in the country. The registration process only awards approvals to 14% of applicants. It allows Coinbase to offer both crypto and cash services to UK investors while enabling direct communication with the FCA for future products and services.

coindesk.com · 1 min

TLDR Crypto

INTRODUCING ZKP2P V2

ZKP2P is a decentralized on/off-ramp protocol that enables seamless fiat-to-crypto swaps across multiple chains and tokens without fees, KYC, or intermediaries. The V2 upgrade introduces broader currency support, liquidity efficiency, and improved cryptographic verification methods (zkEmail, zkTLS, and TEEs), making on/off-ramping faster, more private, and globally accessible.

links.tldrnewsletter.com · 5 min

TLDR Crypto

INTRODUCING MEOW

Meow now enables businesses to send and receive USDC for free directly from their existing cash balance, eliminating the need for separate crypto exchange accounts. This feature, which integrates with accounting platforms like QuickBooks and NetSuite, offers improved security, spend controls, and multi-user permissions, making stablecoin transactions seamless for crypto companies, VCs, and businesses handling USDC payments.

threadreaderapp.com · 1 min

TLDR Crypto

69 ABSTRACT APPS - AND WHAT THEY DO

The Abstract app ecosystem is expanding rapidly, with various apps offering unique ways to earn XP, as seen with the surprise value increase of Abstract socks. This article covers 21 apps on Abstract, detailing their functions, potential XP rewards, and how users can engage with them.

x.com · 7 min

TLDR Crypto

A THREAD ON WHAT WINTERMUTE DOES

Wintermute's CEO addresses misconceptions about the firm's role in crypto markets, emphasizing that they are a proprietary trading firm focused on liquidity provision across CeFi, DeFi, and OTC markets, not price manipulation. He explains market dynamics, why token prices fluctuate, and how market makers operate, while also poking fun at X narratives and reinforcing the importance of transparency in crypto trading.

threadreaderapp.com · 8 min

TLDR Crypto

DIAGNOSING PROBLEMS WITH COINBASE'S RISK MODEL, $300M A YEAR LOST TO SCAMS

Coinbase users have lost over $65M in just two months to social engineering scams, largely because aggressive risk models fail to prevent sophisticated phishing attacks that exploit personal data and spoof Coinbase communications. While Coinbase has made significant contributions to crypto adoption, critics argue that its inadequate response to theft reports, lack of real-time security interventions, and failure to pursue legal action against known scammers leave users vulnerable compared to competitors like Kraken, OKX, and Binance.

threadreaderapp.com · 8 min

TLDR Crypto

CANADIAN CHARGED WITH THEFT OF $65 MILLION WORTH OF CRYPTO FROM KYBERSWAP, INDEXED FINANCE, REMAINS AT LARGE

Canadian national Andean Medjedovic has been charged by U.S. authorities with multiple criminal counts, including wire fraud and money laundering, for allegedly stealing $65 million through exploits of two DeFi protocols: $48.8 million from KyberSwap in November 2023 and $16.5 million from Indexed Finance in 2021. The hacker demanded control over the Kyber platform, including its governance mechanism, in exchange for returning the funds. Medjedovic, who remains at large, faces charges of wire fraud, computer hacking, attempted extortion, and money laundering.

links.tldrnewsletter.com · 2 min

TLDR Crypto

COINBASE AGENTATHON RECAP

The Coinbase Agentathon highlighted the rapid progress of AI agent builders shifting from simple bots to real utility, with many using Cursor, carefully considering tokenomics before launching, and approaching fundraising pragmatically.

threadreaderapp.com · 1 min

TLDR Crypto

AAVE PERFORMS WELL DURING MARKET LIQUIDATION PERIOD

Aave experienced over $200M in liquidations within 24 hours, marking its largest liquidation event since August 2024.

threadreaderapp.com · 1 min

TLDR Crypto

TRUMP-BACKED WORLD LIBERTY FINANCIAL MOVES ITS SIZABLE ETH AND WBTC HOLDINGS TO COINBASE

World Liberty Financial has moved over 90% of its $363 million treasury to Coinbase, including nearly all of its $175 million ETH holdings and significant positions in WBTC, AAVE, ENA, and LINK.

links.tldrnewsletter.com · 3 min

TLDR Crypto

REAL LIQUIDATION VOLUME LIKELY MUCH HIGHER THAN REPORTED

The Bybit CEO reported that liquidation data significantly underestimates the actual total, with Bybit alone seeing over $2B in 24 hours.

threadreaderapp.com · 1 min