TLDR CRYPTO 2025-03-25

FIDELITY FILES FOR ETHEREUM-BASED US TREASURY FUND ‘ONCHAIN'

Fidelity plans to register a tokenized version of its US Treasury Digital Fund, “OnChain,” on Ethereum for improved transparency and tracking. While the blockchain will serve as a secondary, reconciled record of share ownership, official records will continue to be maintained via traditional book-entry systems. If approved, it is expected to go live on May 30. The $80 million fund is primarily composed of US Treasury bills.

DYDX LAUNCHES FIRST BUYBACK PROGRAM

The dYdX Community has launched its first-ever buyback program, allocating 25% of net protocol fees to monthly buybacks to reduce circulating supply and increase network security. This move aligns the token's value with platform growth as dYdX expands its capabilities with new features like spot trading and EVM support, reinforcing its long-term tokenomics and sustainability.

INTO THE EMBR: WHERE MEMES EVOLVE OR BURN

Embr's memecoin appchain prioritizes real, sustained demand over arbitrary market cap milestones. It replaces traditional launchpad methods with a two-phase system where memecoins first undergo a trading phase for price discovery and then enter the “Chains of Chaos” survival game to prove their worth. In this game, liquidity is recycled and allocated to stronger memes, ensuring only those with genuine interest survive.

DWF LABS LAUNCHES $250M LIQUID FUND

DWF Labs has launched a $250M Liquid Fund to supercharge the growth of mid to large-cap crypto projects. DWF will provide strategic capital and comprehensive ecosystem support, including investments, PR, and go-to-market strategies. Over the past two weeks, the firm has already invested over $11M and plans to finalize additional deals worth $25M and $10M to drive sustainable Web3 innovation.

TRADFI TOMORROW: DEFI AND THE RISE OF EXTENSIBLE FINANCE

The current financial system is hampered by inefficiencies and DeFi presents a transformative solution to reduce costs and unlock value. Most respondents (of 300 TradFi professionals) believe that public, permissionless blockchains, especially in the areas of stablecoins, tokenized assets, and DEXs will become critical to traditional finance, though regulatory hurdles still need to be addressed.

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

The crypto VC bubble, which began during the 2021 bull market, inflated token valuations by channeling excessive VC capital into alt projects, ultimately setting the stage for widespread underperformance. Following the market crashes triggered by events like Luna, Three Arrows Capital, and FTX, many VCs shifted from long-term strategic investments to short-term exit strategies. This misalignment of incentives is prompting founders and communities to pivot toward alternative funding models, such as community-driven fundraising and long-term liquid funds, casting doubt on the future viability of many VC-backed projects.

HOW TO PLAY PROOF OF LIQUIDITY'S PHASE ONE

Phase 1 of Proof of Liquidity (PoL) is live, shifting over $320M in yearly BGT incentives to smaller pools, with APRs expected to hit 1,000%+. A shared model has been designed to help users identify high-yield opportunities, track bribes, and optimize farm strategies as BGT emissions ramp up over the first week.

HOW KANYE WEST'S CRYPTO PIVOT IS FUELING ANTISEMITISM AND NAZI-THEMED MEME COINS

Kanye West's rumored entry into crypto has fueled the rise of antisemitic and Nazi-themed meme coins, with traders profiting off controversial tokens like "Swasticoin" while downplaying their hateful messaging. Experts warn that these communities normalize extremist ideology through memes, potentially leading to real-world radicalization.

MICHAEL SAYLOR'S STRATEGY SURPASSES 500,000 BTC AFTER LATEST $584 MILLION BITCOIN BUY

Strategy has now accumulated over 500k BTC, demonstrating Michael Saylor's continued strong belief in bitcoin's long-term value and its role as a hedge against inflation.

Ethereum's daily burn reached an all‐time low as overall on-chain activity dipped, indicating a slowdown in network usage and fee generation.

BLACKROCK BUIDL FUND AUM SURGES

BlackRock's BUIDL Fund AUM has officially passed $1B on the Ethereum blockchain.

ELIZAOS V2: WHAT'S NEW

Crypto agent framework ElizaOS V2 offers a leaner, more flexible architecture that allows for cross-platform agent interaction and unified multi-network management.