TLDR CryptoMay 29, 2025

TLDR CRYPTO 2025-05-29

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01MARKETS & BUSINESS

NYC MAYOR CALLS FOR END OF NY BITLICENSE, PROPOSES 'BITBOND'

NYC Mayor Eric Adams called for the abolition of the New York Department of Financial Services BitLicense to entice crypto firms back to the city in a Bitcoin 2025 keynote. He proposed a “BitBond” municipal bond backed by bitcoin to raise capital with tax advantages, which would allocate 90% of proceeds to government funding and 10% to Bitcoin purchases. It would pay holders 1% annual interest for 10 years plus 100% of Bitcoin's upside up to a 4.5% compounded return, with residual gains seeding a city Bitcoin reserve.

coindesk.com5 min read

U.S. LABOR DEPARTMENT WITHDRAWS PRIOR CRYPTO WARNINGS

The U.S. Department of Labor has withdrawn its March 2022 guidance cautioning 401(k) fiduciaries against including cryptocurrencies in retirement plans, issuing a new directive that it will no longer single out asset classes for praise or warning. Secretary Lori Chavez‑DeRemer argued that investment decisions belong to plan fiduciaries, not D.C. bureaucrats, and that the previous stance improperly “put a thumb on the scale.” The original warning came just before crypto market failures in 2022, when bitcoin‐linked retirement holdings fell roughly 52%, though those same positions would now be up about 156%.

coindesk.com9 min read

02INNOVATION & LAUNCHES

COINBASE UNVEILS CDP WALLETS OFFERING CONTROL WITHOUT KEY MANAGEMENT

The Coinbase Developer Platform has unveiled a new Wallet API that allows developers to create onchain experiences without dealing with the struggles of private key management. It uses Trusted Execution Environment (TEE) technology to securely store private keys, with developers making interactions through API calls. US developers can earn 4.1% USDC rewards on balances in the wallets, which offer state-of-the-art latency and creation times and full compatibility with popular tools like wagmi and viem.

links.tldrnewsletter.com4 min read

BLOCK TO ROLL OUT BITCOIN PAYMENTS ON SQUARE

Block's Square Point of Sale app will integrate Lightning Network bitcoin payments, allowing merchants to accept near-instant, low-cost transactions via QR codes on Square hardware. The feature is slated to roll out in the second half of 2025 and reach all eligible sellers in 2026, pending regulatory approvals. Behind the scenes, Square handles real-time exchange-rate calculations and payment confirmations, simplifying the checkout experience. This launch builds on 2024's Bitcoin Conversions and complements Block's bitcoin ecosystem, including Cash App's trading features, the Bitkey self-custody wallet, Proto mining tools, and Spiral funding.

block.xyz4 min read

03GUIDES & TUTORIALS

CRYPTO X AI: THE ATTENTION WARS

Attention has become a core digital commodity, with algorithms on major platforms optimizing for and monetizing user focus. Advances in AI now allow precise measurement of mindshare, and crypto micropayments coupled with open finance rails are spawning direct, tokenized attention markets, exemplified by projects like Kaito, Noise, Loudio, and the Basic Attention Token. This convergence addresses inefficiencies and rent‑seeking intermediaries in the attention economy by enabling transparent, pay‑for‑attention models. Going forward, the space may tip toward a dystopia of pervasive extraction or a utopia where AI‑powered defenses and fair compensation restore user control.

links.tldrnewsletter.com40 min read

THE FUTURE OF STABLECOINS

Headline stablecoin metrics like market cap and volume are misleading, with over 30% of reported volume driven by MEV bots and 32% of supply held by just 20,000 unidentified wallets. The real shift is happening at the distribution level, where issuers like Circle are paying out over half their revenue to partners like Coinbase to drive adoption.

threadreaderapp.com2 min read

04MISCELLANEOUS

GROWING BTC RESERVE REQUIRES CONGRESSIONAL LEGISLATION

VanEck's head of digital assets, Matthew Sigel, said at Bitcoin 2025 that sustainably expanding the US strategic Bitcoin reserve requires targeted Congressional legislation, ideally through budget reconciliation amendments offering mining tax credits and other incentives, rather than executive actions that risk legal challenges. He suggested starting with a $100 million allocation in the Exchange Stabilization Fund and gradually growing the reserve via incentives for miners using methane gas. This approach follows President Trump's March executive order that established the government's nearly 200,000 BTC reserve under budget-neutral acquisition rules.

cointelegraph.com3 min read

CHAINLINK TVS CONTINUES EXPONENTIAL GROWTH

Chainlink's Total Value Secured (TVS) grew over 50% in May to surpass $65B, fueled by integrations with major DeFi platforms including TRON ($5.5B TVL), Kamino Finance ($2B), Jupiter Exchange ($2.7B), and CIAN Protocol ($900M), as well as continued growth from long-time users like Aave.