TLDR CRYPTO 2025-04-28

⏳ LAST CHANCE - INVEST AT $0.26/SHARE BEFORE THE PRICE CHANGES ON 5/1.

SOLANA DEFI PROTOCOL LOOPSCALE HIT WITH $5.8 MILLION EXPLOIT TWO WEEKS AFTER LAUNCH

Solana-based DeFi protocol Loopscale suffered a $5.8 million exploit just two weeks after launch due to a flaw in the pricing mechanism of its RateX-based collateral. The team is collaborating with law enforcement to investigate the incident and recover funds while progressively restoring platform functionality following a temporary suspension of services.

BITCOIN TREASURY FIRMS DRIVING $200T HYPERBITCOINIZATION

Bitcoin-focused treasury firms, including MicroStrategy, are positioning themselves ahead of global Bitcoin adoption, anticipating a potential $100–$200 trillion hyperbitcoinization in which Bitcoin supplants fiat currencies. This trend is being driven by continued institutional accumulation, evolving regulatory frameworks, and Bitcoin's price performance outpacing inflation, with firms such as Metaplanet also aggressively expanding their Bitcoin reserves.

INTRODUCING FLUID DEX V2

Fluid DEX v2 is a complete re-architecture of Fluid's onchain engine. Built as a single, modular contract atop the Fluid Liquidity Layer to maximize composability and capital efficiency, it expands on v1's Smart Collateral and Smart Debt features by introducing four new pool types, onchain dynamic fees, customizable hooks, and yield-accruing limit orders. Governance can permissionlessly or conditionally deploy any AMM model, while liquidity providers (LPs) can combine collateral and debt range orders to create tailored, leveraged yield strategies.

PAYMENTS GIANT STRIPE BUILDING 'NEW STABLECOIN PRODUCT'

Stripe is developing a stablecoin-based payment product built on Bridge, the API-driven stablecoin infrastructure it acquired for $1.1 billion in October 2024. The company has begun testing the product with clients across more than 90 countries, specifically targeting markets outside the US, EU, and UK—regions where traditional card networks are less effective and challenges around treasury management, remittances, and currency stability persist.

BLUE-MONEY GOSPEL

Ethereum's missing element is a unifying narrative or "meme" for ETH itself. Bitcoin leveraged its 21 million supply cap to position itself as digital gold. Despite Ethereum's world-class settlement infrastructure and thriving L2 ecosystem, ETH has yet to establish itself as a true store of value, resulting in fragmented conviction across protocols. Closing this gap will require the community to view ETH as more than just gas - like “blue money” to be held, staked, and promoted as a reserve asset.

THE UNCONSTRAINED VS CONSTRAINED VISIONS FOR CRYPTO

Crypto is shaped by two primary philosophical approaches. The “unconstrained” vision advocates for a complete rebuild of the financial system with the goal of ultimately replacing traditional institutions and fiat currencies. By contrast, the “constrained” vision prioritizes pragmatic integration, focusing on regulatory alignment, user experience parity, security, and strategic partnerships to incrementally enhance existing systems and drive broader adoption.

RETH'S LATEST VIEW ON EVM OBJECT FORMAT

The Reth team, previously strong advocates of the EVM Object Format (EOF), now recommends either fully replacing it with EIP-7912 or proceeding with EOF only if code and gas introspection capabilities are restored. They argue that recent challenges such as inadequate testing, the availability of superior L1 optimizations without EVM modifications, and the emergence of simpler alternatives make advancing the current EOF proposal a risky decision.

TRUMP'S WLFI CRYPTO INVESTMENTS AREN'T PAYING OFF

The Trump family's crypto initiative, World Liberty Financial (WLFI), raised $550 million through token sales and built a portfolio concentrated in USDC, WBTC, and ETH. However, the project is now facing significant portfolio losses, particularly in assets such as MOVE and MNT. Despite ongoing concerns around conflicts of interest and potential market manipulation, WLFI continues to attract support from the crypto industry, including a $25 million investment from DWF Labs to back its stablecoin, USD1.

THE ‘MSTR OF SOLANA' FILES $1 BILLION SHELF OFFERING WITH SEC

The DeFi Development Company (ticker: JNVR), which is replicating MicroStrategy's “buy and hold BTC” strategy using Solana, is planning to raise an additional $1 billion through equity and debt offerings.

THE BASE LAUNCH PLAYBOOK

Base has released a launch playbook with guides, resources, and advice for how to launch apps and tokens on the platform.

ARBITRUM SAYS IT PULLED OUT OF ACCELERATOR PROGRAM AFTER NVIDIA REFUSED CRYPTO ASSOCIATION

Arbitrum withdrew from a startup accelerator after Nvidia declined public association with crypto projects, underscoring the ongoing tension between traditional tech and the crypto industry as blockchain and AI increasingly converge.

ETH ETFS SEE STRONG 2-DAY STRETCH

Ethereum ETFs just recorded their strongest two-day inflow since February 4, pulling in $63.5M on Thursday and $104M on Friday.

BLOCKCHAIN VS. AI

Blockchain focuses on rebuilding core infrastructure for value transfer, governance, and public goods, while AI drives innovation in products, data, and automation.

GITCOIN UPDATE

Gitcoin will wind down its Grants Stack technology and Grants Labs business unit by May 2025 due to unsustainable costs and will refocus on its core Gitcoin Grants Program, which emphasizes community-led growth and decentralized public goods funding.