TLDR Index
TLDR Crypto

TLDR CRYPTO 2025-02-04

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01MARKETS & BUSINESS

CRYPTO-FRIENDLY TREASURY SECRETARY SCOTT BESSENT TO TEMPORARILY LEAD CFPB

President Trump has appointed newly confirmed Treasury Secretary Scott Bessent as the interim director of the Consumer Financial Protection Bureau (CFPB), signaling a shift in regulatory approach, particularly regarding crypto policies. Bessent, a crypto-friendly hedge fund manager, will oversee the agency, which has recently proposed rules to regulate digital payments and protect consumers from fraud, while facing political pressure to reduce its regulatory scope.

links.tldrnewsletter.com3 min read

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.com1 min read

02INNOVATION & LAUNCHES

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.com5 min read

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.com1 min read

03GUIDES & TUTORIALS

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.com7 min read

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.com8 min read

04MISCELLANEOUS

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.com8 min read

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.com2 min read