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TLDR Crypto

TLDR CRYPTO 2025-06-09

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01MARKETS & BUSINESS

GEMINI CONFIDENTIALLY FILES FOR IPO

Gemini, the Winklevoss twins' crypto exchange and custodian, has confidentially filed for an IPO, allowing it to test investor demand without immediate disclosure of its financials. The filing comes after the SEC closed its investigation without enforcement and following a $5 million CFTC settlement, marking a cleaner regulatory slate. By going public under the Trump administration's more favorable crypto stance, Gemini joins peers like Circle and Galaxy Digital in leveraging public markets. The company appointed former Affirm executive Dan Chen as CFO earlier this year to steer its next growth phase ahead of a formal listing once the SEC review is complete.

cnbc.com3 min read

POLYMARKET BECOMES OFFICIAL PREDICTION MARKET OF X

Polymarket has been named the official prediction market partner of X, rolling out a real-time insights tool that fuses X-sourced news, Polymarket event contracts, and xAI's Grok chatbot to explain market-moving developments. The initial integration will surface live predictions alongside contextual data from relevant X posts, with further “unique experiences” slated under their agreement. Crypto enthusiasts are excited for the potential of the partnership to expand to placing predictions, which would imply every X user getting a crypto wallet.

decrypt.co3 min read

02INNOVATION & LAUNCHES

COINBASE UNLOCKS DEFI FOR XRP AND DOGECOIN HOLDERS ON BASE

Coinbase has launched wrapped XRP (cbXRP) and wrapped Dogecoin (cbDOGE) on its Base Layer-2, each backed 1:1 by native coins held in Coinbase custody, enabling holders to access DeFi protocols and yield-generating opportunities. These wrapped tokens facilitate interoperability within the Base ecosystem, allowing users to transfer and deploy their XRP and DOGE in decentralized applications. In the first 24 hours, cbXRP's market cap surpassed $5 million and cbDOGE neared $2 million, underscoring strong initial demand.

coindesk.com3 min read

PUMP.FUN WILL DISTRIBUTE PROTOCOL REVENUE TO TOKEN HOLDERS

Pump.fun is preparing a PUMP token ICO targeting a $1 billion raise at a $4 billion valuation, complete with a “buyback-powered” revenue-sharing model that allocates a portion of the protocol's profits to token holders and an upcoming airdrop. The Solana-based launchpad, which has generated roughly $677 million in cumulative revenue, will set supply at 1 trillion tokens, price the public sale at $0.004 per token, and reserve 10% for the airdrop. All tokens sold in the public and private rounds will fully unlock at the token-generation event, with additional issuances possible but total supply fixed. This token launch is designed to reward early users and reignite platform activity.

links.tldrnewsletter.com6 min read

03GUIDES & TUTORIALS

LESSONS ABOUT AMMS

Liquidity providers in AMMs face a delicate balance where trading fees must outpace losses from price movements, or no amount of volume can make them profitable. Simple, static-fee models and overly concentrated or complex designs often underperform robust, battle-tested AMMs like Uniswap V2, which benefit from passive, ERC-20 liquidity and winner-takes-all network effects. Dynamic fee structures, good trade aggregation, and seamless UIs can improve profitability, but small tweaks that reduce losses or boost fees have outsized impacts on net returns. Ultimately, LPs crave simplicity and transparency and avoid overly bespoke code, reliance on oracles, or leveraged concentration that magnifies risk.

threadreaderapp.com7 min read

TRADING FRAMEWORK CHEAT SHEET

Use exponential moving averages (EMAs -21, 55, and 200) to gauge momentum and trend direction across timeframes. Lean on Volume Profile, VAH/VAL (value area high and value area low), and anchored VWAP (volume weighted average price) for key price zones and trend signals. Always separate low and high-timeframe analysis, focus on candle closes for clarity, and use tools like Auction Market Theory and AI for sharper insights.

threadreaderapp.com2 min read

04MISCELLANEOUS

SKEPTICISM AROUND STABLECOIN UTILITY IN G10 FX

Stablecoins may not improve FX efficiency in G10 corridors where costs are already near-zero and real-time, making traditional rails hard to beat. However, in high-friction markets, they offer dollar access, faster settlement, and programmable infrastructure where banking gaps or regulatory hurdles still limit financial inclusion.

threadreaderapp.com3 min read