TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-05-06

6 sections13 entrieslinks blockcomplete parse

Parse notes

  • Subscription/account footer truncated before parsefooter_truncated

01GENERAL

Sponsored

BUILDERS

Companies like Ripple and Ref Finance work with TLDR to reach crypto investors and builders at scale with highly customized campaigns (like this one!).

advertise.tldr.techSponsor

02MARKETS & BUSINESS

BTC-E FOUNDER GUILTY OF $9B MONEY LAUNDERING OPERATION

Alexander Vinnik, co-founder of BTC-e, pleaded guilty to charges related to a $9 billion money laundering scheme that enabled illegal transactions from various crimes like hacking and drug trafficking. The DOJ stated that BTC-e lacked crucial legal compliance measures and that Vinnik used shell companies for illicit fund transfers, resulting in substantial criminal financial losses.

cointelegraph.com2 min read

COINBASE FACES NEW LAWSUIT OVER ALLEGED INVESTOR DECEPTION

A lawsuit was filed against Coinbase by a few individuals in California and Florida alleging that Coinbase violated state securities laws with its digital asset sales. The lawsuit claims that SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and XLM as securities. Coinbase has previously argued that secondary crypto asset sales are not securities transactions.

cointelegraph.com2 min read

03INNOVATION & LAUNCHES

VODAFONE EXPECTED TO INTEGRATE CRYPTO WALLETS INTO SIM CARDS

Vodafone is planning to integrate crypto wallets into SIM cards, aiming to enable mobile users to leverage blockchain technology globally. Amidst these tech advancements, the company is also managing a substantial debt strategy involving raising nearly $3 billion, including a $1.8 billion loan initiative.

cointelegraph.com2 min read

MAKER INTRODUCING NEWSTABLE AND NEWGOVTOKEN

As part of Maker's Endgame rebranding, it will release two new tokens with to-be-released names. NewStable is an upgraded version of DAI with greater stability features and a design that facilitates broader adoption. NewGovToken is the next version of MKR, incentivizing more participation and dynamic decision-making. MKR can be converted to NewGovToken at a rate of 1:24,000.

threadreaderapp.com3 min read

04GUIDES & TUTORIALS

LIQUID CRYPTO IS THE BIGGEST UNTAPPED INVESTABLE SEGMENT FOR CRYPTO FUNDS

Liquid crypto, defined as funds investing in already liquid assets without encumbrances, presents a significant investment opportunity but faces challenges including fund performance volatility and reputational risks from potential asset theft. Despite the rise of low-fee ETF alternatives, liquid funds may continue to be dominated by proprietary capital from Chicago and Asia due to these complexities and the need for strong risk tolerance from top management.

threadreaderapp.com3 min read

THE ULTIMATE BRIDGE RANKING

For L2 to L2 transactions, Orbiter offers low fees, high speed, and a points system for future tokens. For USDC, Circle's CCTP offers a flat $1 fee, but takes 20-30 minutes. Squid Router is the best choice for Cosmos-based bridging. DeBridge is fast, has a points system, and can bridge between EVM chains and Solana.

threadreaderapp.com2 min read

05MISCELLANEOUS

CAPITAL FORMATION INCENTIVES IN CRYPTO

Capital formation incentives in crypto are heavily influenced by existing market dynamics, with pressure to conform to established norms affecting both new teams and investors. Despite the shift away from ICOs, retail investors have been disadvantaged, leading to distorted market structures and challenges for startups trying to break the mold.

threadreaderapp.com6 min read

CRYPTO CYCLE WOES

The trend of companies staying private longer reflects a shift similar to what happened with VC and IPO markets, where significant gains are captured by private equity, sidelining retail investors from early profits. In crypto, a similar pattern has emerged with key L1 and L2s raising substantial funds from VCsl, excluding retail investors from early, lucrative investing opportunities.

threadreaderapp.com5 min read