The Daily Index — Friday, March 21, 2025

MARKETS & BUSINESS

TLDR Crypto

TRUMP ONCE AGAIN VOWS TO MAKE THE US A 'BITCOIN SUPERPOWER' IN SHORT ADDRESS AT CRYPTO CONFERENCE

At a recent crypto conference, President Donald Trump reiterated his commitment to transforming the U.S. into a global Bitcoin superpower by integrating digital currency more deeply into the nation's financial framework.

links.tldrnewsletter.com · 2 min

TLDR Crypto

KRAKEN TO ACQUIRE NINJATRADER: INTRODUCING THE NEXT ERA OF PROFESSIONAL TRADING

Kraken is acquiring NinjaTrader, a US futures trading platform, for $1.5 billion. Marking the largest-ever deal bridging traditional finance and crypto, the acquisition bolsters Kraken's position in the US futures market and multi-asset strategy, with future plans to expand into equities trading and payments. NinjaTrader's CFTC-registered license allows Kraken to introduce crypto futures and derivatives in the US, with Kraken's international licenses accelerating NinjaTrader's product availability globally.

blog.kraken.com · 1 min

TLDR Crypto

A THIRD PATH: PROTOCOL LEARNING (INTRODUCTION TO PLURALIS RESEARCH)

The current landscape of AI foundation models lacks true openness due to centralized control, high training costs, and closed datasets, limiting innovation and participation. Pluralis Research is pioneering "Protocol Learning," a new approach to truly open-source AI that enables decentralized, collaborative model training without requiring full weight set access. By solving low-bandwidth model-parallel training, it aims to break corporate monopolies, ensure fair economic incentives, and create AI models that outperform closed alternatives.

blog.pluralis.ai · 8 min

TLDR Crypto

PUMP.FUN INTRODUCES PUMPSWAP

PumpSwap is a new native decentralized exchange on Solana that enables coins completing their bonding curves to migrate instantly and for free while providing liquidity and soon, creator revenue sharing. It operates via a Constant Product AMM similar to Raydium V4 and Uniswap V2, aiming to create a frictionless trading environment that boosts momentum and aligns creators with their communities.

threadreaderapp.com · 2 min

TLDR Crypto

TRADFI TOMORROW: DEFI AND THE RISE OF EXTENSIBLE FINANCE

A survey of 300 TradFi professionals revealed a strong shift toward DeFi, with most firms actively exploring stablecoins, tokenized assets, and decentralized exchanges. Regulatory uncertainty remains the biggest barrier to adoption, highlighting the need for policies that enable DeFi's full potential.

paradigm.xyz · 3 min

TLDR Crypto

THE GREAT CRYPTO VC BUBBLE: WHY EVERY NEW TOKEN TRENDS TO ZERO (PART 1)

The 2021 crypto VC bubble led to an oversupply of capital, poor investment decisions, and misaligned incentives, causing many altcoins to trend toward zero. As VCs shift to short-term exits under LP pressure, founders are increasingly turning to community-driven fundraising and liquid funds for long-term support.

links.tldrnewsletter.com · 5 min

TLDR Crypto

BEYOND USDC AND USDT

$M is a new stablecoin framework that improves on traditional models by backing tokens with short-term US Treasury bills held in bankruptcy-remote accounts, providing real-time on-chain verification via Chainlink, and ensuring independent oversight using third-party validators. This approach offers improved security, transparency, and interoperability for users, businesses, and developers, paving the way for custom digital dollars and a more resilient financial system.

threadreaderapp.com · 6 min

TLDR Crypto

INVESTIGATION INTO THE HYPERLIQUID WHALE

An investigation has linked a mysterious Hyperliquid whale who profited ~$20M through highly leveraged trades to illicit activities including phishing and casino exploits. The trader, identified as William Parker (formerly Alistair Packover), has a history of fraud and gambling-related crimes. His on-chain gains are now under scrutiny.

threadreaderapp.com · 8 min

TLDR Crypto

STAKING FOR ETHER ETFS GATHERS STEAM AS BLACKROCK TALKS UP POTENTIAL, NYSE FILES ON BEHALF OF BITWISE FUND

Staking for Ether ETFs is gaining momentum as BlackRock has promoted the potential for NYSE filings on behalf of the Bitwise Fund, highlighting growing institutional interest in Ethereum yield strategies.

links.tldrnewsletter.com · 2 min

TLDR Crypto

YOUR CRYPTO CONTENT IS DEAD (AND IT'S YOUR FAULT)

Most crypto content fails because it's overly technical, jargon-filled, and focuses on impressing other marketers instead of resonating with actual users.

links.tldrnewsletter.com · 2 min

TLDR Crypto

LESSONS FROM A CRYPTO TRADER WHO LOST IT ALL

Emotional decision-making, excessive leverage, revenge trading, and poor risk management led one crypto trader to devastating losses during 2018-2019's price swings.

links.tldrnewsletter.com · 8 min

TLDR Crypto

PUDGY PENGUINS' ETF APPLICATION

Pudgy Penguins has filed for the first-ever ETF holding both NFTs and tokens, managed by Canary Capital, with 80-95% in PENGU tokens and 5-15% in Pudgy NFTs.

threadreaderapp.com · 1 min