TLDR Crypto

TLDR CRYPTO 2025-01-28

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01MARKETS & BUSINESS

PUMP.FUN SET SINGLE-DAY REVENUE RECORD, RAKING IN $15.5 MILLION IN FEES FOLLOWING ANNIVERSARY

Pump.fun, a Solana-based memecoin launcher, achieved a record $15.5 million in single-day revenue on January 24 driven largely by the launch of Vine Coin, which reached a $425 million market cap amid speculation about the video platform's potential revival. The platform has processed $4 billion in the past two weeks and accumulated 2.5 million SOL in fees since launch. It faces new competition from Juptier's acquisition of rival platform Moonshot and potential legal challenges from investors who experienced losses on the platform.

links.tldrnewsletter.com2 min read

KUCOIN PLEADS GUILTY TO US CHARGES, AGREES TO PAY $300M

Crypto exchange KuCoin has pleaded guilty to operating an unlicensed money-transmitting business in the US, agreeing to a $300 million settlement and a two-year exit from the US market. Founders Michael Gan and Eric Tang will step down from management roles and forfeit $2.7 million after the Justice Department found that the platform operated without KYC or AML procedures until mid-2024. US regulators have collected over $19 billion in crypto-related settlements since October 2024.

links.tldrnewsletter.com2 min read

02INNOVATION & LAUNCHES

INTRODUCING THE VENICE TOKEN: VVV

Venice.ai has launched VVV, a novel token designed to provide AI agents and users with zero-marginal-cost access to its uncensored AI model API through staking. 25% of the initial supply was airdropped to AI community protocols on Base and another 25% to Venice's existing users. The token has a unique economic model where stakers receive a pro-rata share of Venice's inference capacity without per-request fees, while also earning staking yields. The platform, founded by prominent Bitcoiner Erik Vorhees, emphasizes privacy and censorship resistance in AI interactions.

venice.ai8 min read

ABSTRACT MAINNET NOW LIVE

Abstract, a consumer-oriented L2 created by the team behind Pudgy Penguins, is now live on mainnet. It has a wallet with various funding options and the ability to earn XP and badges that will likely result in an Abstract token allocation. The Portal and Discover page highlight apps, live streams, and trending tokens in one simplified interface. The L2 is built using ZKSync's rollup technology. It faced some criticism for a seemingly rushed rollout.

threadreaderapp.com1 min read

03GUIDES & TUTORIALS

WHEN ROBOTS START PAYING EACH OTHER: THE AI-IOT ECONOMY IS COMING

The convergence of IoT, AI agents, and blockchain will enable autonomous devices to conduct commerce without human intervention. While previous IoT visions faced numerous technical and practical limitations, the combination of advanced AI capabilities, DePIN, and blockchain-based payment systems is making machine-to-machine commerce increasingly feasible. This new form of commerce could drive unprecedented GDP growth by allowing devices to autonomously negotiate, transact, and optimize resources in real time.

x.com4 min read

ROYCO PRESENTS: BOYCO

Royco's Cross-Chain Deposit Module (CCDM) revolutionizes blockchain launches by enabling users to earn transparent rewards for asset commitments across chains. Its first implementation, Boyco, on Berachain, simplifies liquidity provisioning and has already secured $2.2 billion in pre-deposits, signaling a game-changing approach to ecosystem growth.

links.tldrnewsletter.com1 min read

04MISCELLANEOUS

OPENSEA LAUNCHES BETA

OpenSea has completed its snapshot for Gemesis NFT holders. ~50k wallets have now gained access to the OpenSea 2 private beta.

threadreaderapp.com1 min read

ALLIANCEDAO ON AI APPS

AllianceDAO funded FreedomGPT is an AI aggregator that allows users to switch between different AI models (e.g., OpenAI, DeepSeek, or self-hosted Llama) based on preferences for bias, privacy, or data usage.

threadreaderapp.com1 min read