TLDR CryptoAugust 13, 2025

TLDR CRYPTO 2025-08-13

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01MARKETS & BUSINESS

SPOT ETH ETFS TOP $1B IN DAILY NET INFLOWS FOR FIRST TIME

U.S. spot Ethereum ETFs recorded over $1.02 billion in daily net inflows on Monday, their highest single-day total to date, led by BlackRock's ETHA and Fidelity's FETH. The milestone pushes total inflows since May to $10.83 billion, signaling rising institutional conviction in Ethereum's role as a foundational asset for DeFi and Web3. Ethereum's price has increased 45% over the past month, further fueled by growing TradFi treasury allocations and favorable regulatory momentum.

links.tldrnewsletter.com2 min read

QUBIC CLAIMS MAJORITY CONTROL OF MONERO HASHRATE

The Qubic mining pool, led by former IOTA co-founder Sergey Ivancheglo, claims to control over 51% of Monero's hashrate, potentially enabling it to reorganize blocks, censor transactions, and execute double-spend attacks on the privacy-focused blockchain. The project's hashrate share surged from under 2% in May to over 25% by late July through a "useful proof-of-work" model that converts Monero mining rewards into USDT to buy and burn QUBIC tokens. While Ivancheglo frames this as a stress test to help Monero prepare for future threats, industry experts, including Ledger's CTO, have warned of a live 51% attack in progress, with some questioning Qubic's economic model and claims. Monero's price has declined 6.65% in 24 hours and 16% over the past week amid the controversy and security concerns.

coindesk.com5 min read

02INNOVATION & LAUNCHES

CIRCLE TO LAUNCH LAYER 1 BLOCKCHAIN ARC

Circle has announced plans to launch Arc, an EVM-compatible Layer 1 blockchain that will use its USDC stablecoin as the native gas token, with a public testnet expected this fall. The enterprise-focused chain is designed for stablecoin payments, foreign exchange, and capital markets applications. It features sub-second settlement, optional privacy, and interoperability with other blockchains. Circle, the second-largest stablecoin issuer with $65 billion in USDC supply, joins competitor Tether in developing stablecoin-focused blockchain infrastructure. The announcement coincided with Circle's Q2 earnings report, which showed 53% revenue growth to $658 million. The company's stock grew 6.2% in pre-market trading following the news.

links.tldrnewsletter.com4 min read

HERITAGE DISTILLING AND STORY LAUNCH $360M $IP TOKEN RESERVE

Heritage Distilling (Nasdaq: CASK) is allocating $82M from a $220M PIPE raise to buy $IP tokens from Story Foundation, marking a16z's first Digital Asset Treasury (DAT) deal and Cantor's first underwriting of a non-BTC/ETH/SOL treasury firm. Framed as a public AI infrastructure play, Story will use proceeds to repurchase $IP on the open market within 90 days. The move signals Stage 3 of DATs, onchain treasuries merging with public equity and AI narratives.

threadreaderapp.com2 min read

03GUIDES & TUTORIALS

STRIPE'S BLOCKCHAIN VISION: REPLACING THE CARD NETWORK ENTIRELY

With its acquisition of Bridge and Privy, Stripe is building out a full-stack crypto payments stack, topped off by its own L1 blockchain. Stripe's wallet (via Privy), stablecoin infra (via Bridge), and L1 could bypass traditional card networks entirely, unlocking direct stablecoin payments, programmable subscriptions, and DeFi yield on merchant float. If successful, Stripe will shift from a payment processor to an on-chain payment network.

x.com1 min read

COINBASE REVIVES STABLECOIN FUNDING PROGRAM FOR DEFI

Coinbase is reviving its Stablecoin Bootstrap Fund, originally launched in 2019, to boost stablecoin liquidity across decentralized finance protocols through its asset management arm. The program begins with capital deployments in USDC and EURC stablecoins on platforms including Aave, Morpho, Kamino, and Jupiter, with broader rollouts planned after initial testing. The original fund successfully supported early DeFi platforms like Uniswap, Compound, and dYdX in establishing USDC as the dominant stablecoin in the sector. This revival comes as DeFi assets have nearly doubled to $200 billion since April, though the sector remains below its 2021 peak despite accelerating growth amid favorable crypto market conditions.

coindesk.com6 min read

04MISCELLANEOUS

HYPERLIQUID EYES PREDICTION PERP MARKETS WITH HIP-3

Hyperliquid's proposed HIP-3 design would turn static prediction markets into high-leverage perpetuals with shared liquidity and permissionless market creation. Binary markets like TRUMPWIN (shown in the chart spiking to $1.00) come with severe jump risks at expiry, requiring safeguards like liquidation bands and leverage decay. Scalar markets are safer near-term targets, offering smoother pricing and proportional losses and paving the way for a new class of high-frequency event-based trading.

x.com2 min read

EXTENDED DEX LAUNCHES ON STARKNET WITH 100X LEVERAGE

Perpetuals DEX Extended, led by former Revolut execs, has launched on Starknet with over 50 pairs and up to 100x leverage. The move from StarkEx to Starknet aims to boost user experience for EVM-compatible wallets while maintaining high throughput. With $319M in daily volumes and 70% recent APR, the launch showcases how fintech-grade DeFi is scaling through zk-rollups.