TLDR Crypto

TLDR CRYPTO 2025-06-12

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01MARKETS & BUSINESS

SENATE BEGINS PASSAGE OF STABLECOIN BILL

The Senate cleared a 68-30 cloture vote on the GENIUS Act, virtually guaranteeing final passage of the first US stablecoin bill and ending years of Senate gridlock on crypto policy. The legislation, which aims to strengthen dollar dominance, will let state- or federally-supervised entities issue dollar-backed tokens under a unified framework. Parallel momentum in the House saw the Digital Asset Market Clarity Act pass through both Financial Services and Agriculture Committees, setting up potential coordination or reconciliation between the bills. Together, the advances mark the strongest bipartisan push yet toward comprehensive U.S. crypto regulation.

coindesk.com6 min read

META'S STABLECOIN PLAN QUESTIONED BY DEMOCRATS

Senators Elizabeth Warren and Richard Blumenthal pressed Meta to disclose its stablecoin strategy, asking whether the company has lobbied for the Senate's GENIUS Act and if it plans to launch or own a stablecoin issuer despite proposals to bar Big Tech from doing so. Their letter cites privacy, anticompetitive, and consumer-protection concerns, warning that a Meta-run token could extend the firm's data-harvesting reach and enable “surveillance pricing.” The senators also demanded an explanation of how any new effort differs from Meta's abandoned Libra/Diem project. The inquiry landed hours before the Senate's passage of the GENIUS Act.

coindesk.com6 min read

02INNOVATION & LAUNCHES

STRIPE ACQUIRES WALLET PROVIDER PRIVY

Privy, a wallet-as-a-service provider powering over 75 million accounts and more than 1,000 developer teams, has agreed to be acquired by Stripe, though it will continue to run as an independent product. The deal lets Privy tap Stripe's scale while broadening Stripe's push to blur the line between fiat and crypto payments, offering developers built-in wallet creation, transaction signing, and onchain integrations alongside Stripe's existing fintech stack. Privy's traction, with billions of dollars in transactions and adoption by companies like Hyperliquid, Blackbird, Toku, and Farcaster, highlights growing demand for embedded crypto rails that feel as seamless as conventional web tooling.

threadreaderapp.com5 min read

POLYGON FOUNDER TAKES CEO ROLE, UNVEILS PIVOT TO POS AND AGGLAYER

Polygon co-founder Sandeep Nailwal has assumed the role of CEO at the Polygon Foundation, announcing major strategic shifts to focus solely on Polygon PoS and Agglayer. The zkEVM will be deprecated in 2025, while PoS aims to scale to 5,000+ TPS this year and 100K+ in the long term. Agglayer v0.3 rolls out June 30, with spinoffs like Polygon ZisK and airdrops planned for POL stakers. With SEC scrutiny of MATIC dropped and market makers returning, Nailwal signals a return to “zero-to-one” execution driving speed, clarity, and brand alignment across the Polygon ecosystem.

threadreaderapp.com3 min read

03GUIDES & TUTORIALS

8 AIRDROPS YOU'RE NOT PAYING ATTENTION TO

Airdrops remain one of the easiest ways to earn free crypto in 2025. These eight under-the-radar opportunities span DeFi DEXs, abstraction layers, and social-fi platforms: Hyperliquid, Meteora, Abstract, Pump.fun, Axiom, Monad, Farcaster, and Kaito. Despite claims of saturation, disciplined engagement—using protocol swaps, providing liquidity, staking in designated pools, or “yapping” on social-fi leaderboards—can unlock substantial token rewards. These airdrops underscore a broader trend toward gamified, incentive-driven growth mechanisms across the ecosystem. Ignoring them risks leaving free money on the table.

links.tldrnewsletter.com12 min read

INTERESTING PROJECTS TO WATCH

A wave of emerging crypto apps is gaining traction across DeFi, stablecoins, AI agents, and SocialFi, from Falcon's synthetic stablecoin and Avantis' multi-asset perps to Noice's tipping app and Giza's agent platform. Several, like Resolv and Defidot, have launched tokens or airdrops, while others like Coinshift and Turtle Clubhouse are experimenting with yield and bootstrapping campaigns.

threadreaderapp.com2 min read

04MISCELLANEOUS

PITCHED MULTIPLE STABLECOIN PRODUCTS

There are a flood of stablecoin infra pitches lacking clarity on what infrastructure is actually owned versus white-labeled. The ability to directly execute and settle money movement, not just wrap third-party primitives, is what defines reliability, cost, and risk. In a crowded market, transparency about infrastructure ownership could be a key differentiator and trust signal.

threadreaderapp.com2 min read

ARBITRUM AND THE VIBEKIT

Arbitrum's new Vibekit is an open-source MCP-based toolkit that lets developers build AI-driven DeFi experiences across frameworks like Eliza, RIG, and LangGraph. It offers modular servers for inference, perpetual trading, yield strategies, and verifiable on-chain predictions. It also enables personalized strategies, instant position adjustments, and AI-powered market-making with low slippage and strong capital efficiency.

links.tldrnewsletter.com9 min read