FlightAware voluntarily dismissed its suit against Kalshi over alleged unauthorized data/trademark use in flight-cancellation markets just one day after filing. Kalshi simultaneously changed its market language from "verified from FlightAware" to "verified from Primary Source Agency," suggesting the parties settled privately. Kalshi still faces active suits and injunctions in New York, Washington, and Michigan over sports-event contracts.
2026.08.13·links.tldrnewsletter.com·2 min read·TLDR Crypto The CFTC and SEC filed simultaneous civil suits against Goliath Ventures Inc. and CEO Christopher Delgado, alleging a $397 million Ponzi scheme from November 2022 through February 2026 in which approximately 1,600 customers were told their BTC and ETH would earn 36% annual yields in DEX liquidity pools. Goliath issued fabricated account statements while directing no capital to any DeFi protocol, funneling $174 million to staff as recruiting commissions, $87 million in Ponzi payments to existing customers, and $48 million to Delgado personally for luxury real estate, vehicles, and jewelry. Delgado pleaded guilty in June to wire fraud conspiracy and money laundering charges, and a bankruptcy receiver was appointed in March. The same-day CFTC-SEC filing demonstrates both agencies asserting parallel jurisdiction over crypto fraud, with CFTC Chairman Michael Selig citing an aggressive mandate to police crypto asset markets.
Cole Villemain, removed from Pudgy Penguins in January 2022 amid treasury misuse allegations and scrutinized by ZachXBT, sold out a 44,444-piece NFT collection called Spritehood on Robinhood Chain in 57 minutes on August 11, generating $1.28M (684.28 ETH) across two tiers priced at $17 and $117. The Spritehood smart contract remains unverified on Robinhood Chain's Blockscout explorer, preventing buyers from auditing token mechanics and distribution terms. Villemain has promised future "infrastructure and mechanisms" without publishing verified contract code, and community observers have labeled the project a cash grab with unresolved questions about viability on the chain.
Crypto-native carry strategies face a structural timing mismatch: funding rates and basis spreads are royalties on speculative activity, so delta-neutral books earn worst when stablecoin demand peaks, a dynamic visible in H1 2026 when top-30 altcoin perpetual volume fell 30%, from $8.4B to $5.9B daily. Neutrl sidesteps this by buying private company locked shares at a 15% discount to the reference price and shorting the equity perpetual referencing the same name, hedging directional exposure from day one. Funding on the short leg averaged 10.9% annualized over a late-May to mid-July window, delivering roughly 20.5 points of total return over a six-month hold.
2026.08.13·links.tldrnewsletter.com·5 min read·TLDR Crypto Boros protocol lets traders isolate and trade funding rates as a standalone asset through Yield Units (YU), instruments that pay a fixed rate against the floating funding of a specific perpetual venue. A 4.03pp gap currently exists between HYPE's fixed rate on Hyperliquid (7.93%) and Bybit (3.89%), representing a spread that locks in at trade open and resolves over a 17-day window. The four-leg structure shorts YU on the Hyperliquid market and longs YU on Bybit, then offsets each leg with an opposing HYPE perpetual on the respective exchange, canceling both floating funding obligations and directional price exposure. The remaining return is the fixed rate differential, scaling to 40.30% APR at 10x leverage with no HYPE price risk.
2026.08.13·links.tldrnewsletter.com·3 min read·TLDR Crypto Figure has transitioned from balance-sheet lender to capital-light marketplace operator on Provenance blockchain rails: partner-originated loans reached 78% of Q1 2026 volume, Figure Connect grew from $8M to $1.6B in seven quarters, and ecosystem/technology fees expanded from 5% to 28% of revenue. The pending Kiavi acquisition adds $7B in annual residential transition loan origination at roughly 40% EBITDA margins, volume that should route through the same infrastructure without requiring additional capital deployment. Despite 91% incremental EBITDA margins in 2025 and adjusted EBITDA expanding from negative 4% to 49%, FIGR trades at roughly 12x EBITDA, in line with specialty lenders rather than the Tradeweb/ICE comps the business now resembles. Thin sell-side coverage and FIGR's legacy classification as a crypto proxy have left the market pricing the old balance-sheet model rather than the fee-generating marketplace.
2026.08.13·links.tldrnewsletter.com·8 min read·TLDR Crypto Analysis estimates on-chain protocol revenue at roughly $8 billion in 2025 versus roughly $70 billion (range $60-100B) for off-chain/centralized crypto companies (Coinbase, Tether, Binance, Robinhood's crypto arm, etc.), an 8.5x gap. Applying generous multiples, that implies on-chain's entire addressable market cap is about $168 billion versus roughly $840 billion for centralized players, meaning the whole centralized crypto industry is worth about as much as a single AI lab like OpenAI or Anthropic. On-chain revenue is dominated by L1/L2 chains (~49%). Off-chain is dominated by exchanges/brokers (~66%) and stablecoin issuers (~19%). Centralized players win by sitting closer to end users and abstracting away crypto's complexity.
Tokenized equities reached ~$1.9B in market size, a 6.5x increase since January 2025, while the tokenized Treasury market stagnated at $15B after April 2026. The SEC's January 2026 taxonomy established four structural models. The Linked Security structure (DeFi-composable, no voting rights, unavailable to US investors) has captured the most share, with Ondo at 45.9% ($851M across 406 equities) and xStocks at 26% ($482M across 183 equities), both operating via Jersey-regulated SPVs. Traditional market infrastructure accelerated entry in mid-2026: DTCC began limited QQQ/SPY tokenization on July 15 after an SEC no-action letter, Nasdaq secured rule-change approval in March 2026 and is building a permissionless gateway with Kraken parent Payward, and NYSE filed its own rule change while signing an MOU with Securitize. Coinbase announced a 1:1 stock-backed token product for non-US customers with onchain usability but has not yet launched.
2026.08.13·links.tldrnewsletter.com·8 min read·TLDR Crypto Solcard's contract requires 48 hours minimum to withdraw funds despite 3-minute deposits.
Stablescape relaunched with a database of 6,000+ stablecoin companies, interactive market maps, and company profiles.
If the first one-person billion-dollar company arrives this year, it will be a crypto-based prop trading firm, as traditional prop firms still require humans for prime brokerage, compliance, and settlement.
Allium Research used adjusted USDC circulating supply, Coinbase wallet labels, and published rate schedules to estimate Circle's Q2 reserve income before earnings, landing at $667.4 million against Circle's reported $667.7 million.
Coinbase is progressively rolling out perpetuals, dated futures, and crypto options to eligible UK professional clients following its recently secured MiFID license. The offerings cover 170+ contracts across crypto, commodities, equities, and FX, with perpetuals available 24/7 at up to 50x leverage and dated futures up to 20x. It's the latest addition to Coinbase's "Everything Exchange" push in the UK.
2026.08.12·links.tldrnewsletter.com·3 min read·TLDR Crypto FlightAware sued Kalshi Monday, alleging Kalshi built flight-cancellation betting markets on FlightAware's data without authorization while implying a close partnership, damaging its reputation. FlightAware is seeking a temporary restraining order and injunctions, citing breach of contract, trademark infringement, and unfair competition, plus safety concerns that the markets could incentivize unsafe tactics to trigger cancellations. This adds to Kalshi's mounting legal fights, including active lawsuits or injunctions from New York, Washington, and Michigan over sports-event contracts, while the CFTC has sued several states to assert federal jurisdiction.
2026.08.12·links.tldrnewsletter.com·3 min read·TLDR Crypto Vitalik Buterin updated Ethereum's 2026 Strawmap with seven categories absent from the 2023 roadmap, including native rollups enabled by SNARK maturity, blob and gas futures, and zkzk frames that would expose a non-EVM ISA (leading candidates: leanISA and RISC-V) at the protocol level, with the EVM becoming an intermediate representation on top rather than an enshrined feature. Quantum safety was elevated to a first-class priority, backed by leanSPHINCS signatures and post-quantum aggregation, while privacy received protocol-level treatment via keyed nonces, recent roots, FOCIL components, lean privacy pools, and wormholes. Recursive STARKs now span the execution, consensus, and data layers through a shared "aggregate to union verified dependencies" primitive, with full formal verification of the lean spec made tractable by modern AI tooling. VDFs and many EVM improvements were deprioritized, and state expiry was replaced by new state types offering specialized, scaling-friendly mechanisms for high-volume use cases such as token transfers, swaps, and privacy protocols.
EIP-8363 tapers consensus rewards to zero net issuance at 60.25M ETH staked (~half the supply), cutting total validator income ~50% at current stake levels, while leaving MEV untouched, which increases its share of validator revenue and strengthens incentives for aggressive extraction. The EIP's own authors acknowledge that LST looping drives most ETH lending yield, yet neither the proposal nor its cited research models the credit markets priced off the staking rate, where compressed spreads would cause borrowers to repay WETH debt, reduce lending utilization, and push deposit APY down faster than staking yield itself. With LSTs comprising ~40% of all onchain TVL, $2.6B in stablecoin debt collateralized by ETH/LST, and $11.4B in ETF and treasury inflows holding 7.8M ETH on corporate balance sheets, the taper puts a large portion of Ethereum's TVL lead at risk without modeled justification. Ship MEV burn first and model staking-yield-dependent lending markets before revisiting issuance. Post-Merge net ETH issuance already runs at 0.30%/year, below BTC (0.82%), gold (1.7%), and M2 expansion (5.5%).
2026.08.12·links.tldrnewsletter.com·5 min read·TLDR Crypto Robinhood's Q2 2026 crypto revenue fell 38% YoY to $100M, dropping to 8% of total revenue and an all-time low 7% share of AUC, as retail crypto volume hit its lowest level since Q3 2024 and institutional Bitstamp volume surpassed retail for the first time. Robinhood Chain launched July 1 and led all L2s tracked by growthepie in its first month with $3.6M in REV, outpacing Polygon and Base, though memecoins drove 51% of on-chain spot volume while RWAs accounted for just 5%. Known annualized chain revenue totals roughly $54.8M ($43.2M REV, $10.5M from USDG yield on $333.1M market cap, plus a Lighter perps share), about 14% of Robinhood's $400M annualized crypto revenue, leaving the chain immaterial to the bottom line. Morpho, integrated into the main Robinhood app, reached the chain's 3rd-largest TVL deployment within one month, while Lighter's wallet-only perps integration attracted just 0.2% of its volume despite $25M in LIT token incentives, indicating that main-app distribution is the variable that determines whether chain activity scales.
2026.08.12·links.tldrnewsletter.com·7 min read·TLDR Crypto Crypto payment card volume reached $759 million in July, up 2.5x year-over-year from $306 million and from sub-$1 million at tracking inception in October 2023, across nearly 9 million transactions averaging $86 each, per Paymentscan. Settlement now concentrates on Optimism (29%), Solana (19%), and Base (19%), while Gnosis has dropped to roughly 2% after previously dominating as the home of Gnosis Pay. Dollar-backed stablecoins have displaced euro alternatives: USDC handles 58% of card spend and USDT 26%, compared to 48% and 7% a year ago respectively, while EURe's share collapsed from 88% in early 2024 to about 2% today. Cards convert stablecoins to local fiat at point of sale via Visa rails, allowing holders to access dollar accounts without a traditional bank account, though the category's monthly volume remains orders of magnitude below the trillions processed by legacy card networks.
2026.08.12·links.tldrnewsletter.com·3 min read·TLDR Crypto On-chain analysis of Mastercard's $1.8B BVNK acquisition (closed August 3) shows $32.9 billion in cumulative on-chain flow since October 2024, with trailing-twelve-month volume of $23 billion against $30 billion in reported annualized volume, close enough to suggest most flow is real settlement. However, growth has plateaued as although Q1 2026 volume was 2.6x the prior year, Q2 fell to 1.6x and dipped below Q1 in absolute terms, with monthly flow peaking at $2.37 billion in March and holding near $1.9 billion since. Ethereum now carries 62% of monthly flow versus Tron, while Base and Arbitrum combined account for just 0.6% of all volume BVNK has ever moved, despite two years of L2 payment narratives.
Bitcoin ETFs have logged net $5B in outflows over 52 weeks while the DRAM memory ETF pulled $10B in a single month, quantifying the demand deficit that has pinned BTC below its 200-week EMA and around the 2021 ATH. On-chain and derivatives metrics cluster in deep-value territory: MVRV is at accumulation-zone levels, spot turnover relative to market cap sits at all-time lows, front-end implied volatility is at multi-year lows, and BTC futures basis cannot clear T-bill yield parity. The DAT supply overhang that pressured price through late 2024 and into 2025 is unwinding as treasury companies slow or reverse BTC accumulation, while long-term holders absorb supply aggressively. Recovery is a seller exhaustion event rather than a demand-led rally. Large asset manager portfolio allocations are the primary upside catalyst. DCA spot or buy cheap implied volatility via options over the coming months.
2026.08.12·links.tldrnewsletter.com·8 min read·TLDR Crypto Coinbase opened a tokenization hub in Abu Dhabi that converts traditional securities into onchain tokens backed by real shares, accessible via a crypto wallet.
CryptoQuant data shows USDT's 60-day rolling supply is down about $4 billion, including an $870 million drop in the past 11 days alone.
Bleap combines a self-custodial crypto card with neobank features.
A Bitcoin address dormant since January 2014 moved 26.96 BTC valued at approximately $1.75 million on August 10, generating a 7,975% realized gain on coins originally acquired at roughly $803 per BTC.
Strategy sold 1,690 BTC for roughly $108.6 million between August 3-9 at an average $64,262, cutting total holdings to 840,447 BTC (worth ~$54.7 billion, about 4% of bitcoin's supply cap). The firm also sold $653.1 million in MSTR shares, using proceeds to repurchase STRC preferred stock and replenish its USD reserve by $650 million. Holdings now carry ~$8.7 billion in paper losses at current prices, and MSTR remains down about 78% from its enterprise mNAV peak despite gaining 3.3% last week.
2026.08.11·links.tldrnewsletter.com·4 min read·TLDR Crypto Robinhood is rolling out trading in 50+ digital assets (including BTC, ETH, XRP, and HYPE) to UK users this week via Bitstamp UK, alongside its existing stocks, ISAs, options, and futures. Zero trading/custody/maintenance fees apply, though a 0.1%-0.3% FX fee applies to GBP conversions. Crypto holdings also aren't covered by UK compensation schemes. The launch also introduces AI-powered digests for crypto price context. It follows Q2 results showing prediction markets ($156M revenue) surpassing crypto trading ($100M, down 38% YoY) for the first time, while Robinhood Chain has generated $18 billion in DEX volume since its July 1 launch.
2026.08.11·links.tldrnewsletter.com·3 min read·TLDR Crypto Umbra V2 marks an architectural pivot for the stealth address protocol, moving from an Ethereum plugin to a standalone sovereign privacy system with its own governance and treasury. The upgrade introduces a redesigned stealth address scheme with stronger privacy guarantees alongside a new smart contract architecture. The "sovereign" positioning targets the gap left by Tornado Cash's OFAC sanctions and Aztec's L2-centric focus, aiming the protocol at private everyday payments on mainnet. Self-governance and an independent treasury signal that the Umbra team is building toward protocol-level financial infrastructure rather than a composable privacy primitive.
2026.08.11·links.tldrnewsletter.com·3 min read·TLDR Crypto Sailor is an AI money agent built to execute trades, payments, and financial decisions on users' behalf rather than surfacing recommendations for users to act on themselves. The agent runs on onchain infrastructure with programmable spending policies and safety constraints that bound execution to user-defined parameters. The product targets DeFi, stablecoins, and crypto rails as the settlement layer, abstracting protocol-level complexity behind an AI interface. Dopico positions autonomous execution, not better information dashboards, as the missing layer between retail users and sophisticated financial management.
2026.08.11·links.tldrnewsletter.com·4 min read·TLDR Crypto The CLARITY Act would create a federal framework separating digital commodities from digital securities, resolving the ambiguity that has pushed crypto companies offshore and produced a two-tier market where similar products face inconsistent legal treatment. The US risks losing its financial infrastructure lead to the EU and Asia, where MiCA and comparable regimes already provide the legal clarity that attracts capital and engineering talent. The bill is an institutional on-ramp that strips the default securities-law treatment from tokenized assets, DeFi protocols, and stablecoin payments so developers do not have to handle SEC oversight as a baseline regardless of a project's actual structure.
2026.08.11·links.tldrnewsletter.com·4 min read·TLDR Crypto A forensic analysis of Robinhood's CASHCAT listing revealed the anatomy of a false insider narrative: the wallet flagged for front-running the announcement was a public market maker, not a Robinhood insider, and it lost money on the trade. Retail traders who copied its positioning, believing they had sourced insider flow from on-chain data, bought the top and absorbed the losses. Robinhood Chain listing dynamics have also shifted: the traditional listing pump is weaker because tokens appear on competing venues before the official announcement lands. On-chain attribution errors, where market maker activity is misclassified as insider trading, are driving copycat behavior that converts into retail losses at scale.
2026.08.11·links.tldrnewsletter.com·3 min read·TLDR Crypto The FCA is drafting rules on whether tokenized gold can be posted as collateral for OTC derivatives, since 70% of world gold trades through London and tokenization enables people to trade gold easily. The Strait of Hormuz has been effectively closed since February, oil is above $100, and central banks bought a record 289 tonnes of gold last quarter. Reserve managers are rotating into assets that don't depend on politically exposed dollar payment rails.
Stablecoin supply has fallen for three straight months, from a mid-May peak near $320B to roughly $307B (about 4% off the high), versus a 26% collapse during the 2022-23 bear's 17-month decline. The GENIUS Act's ban on payment stablecoin yield is pushing idle capital into tokenized Treasuries instead (BUIDL, USYC), which grew from $6.5B to nearly $16B in a year, 56% in the last six months alone, while onchain stablecoin transaction volume hit an all-time high of $1.8T in June, up 63% in a month. The shift resembles stablecoins moving from parking spots to settlement layers. For example, Binance's $1.84B in USYC is now used as off-exchange collateral on BNB Chain.
Active crypto card users with on-chain settlement grew 45% over eight months, from 282,000 to 410,000.
Brazil's central bank will require crypto firms to hold transfers over $10,000 to self-custody wallets or foreign firms for 24 hours starting January 1.
2026.08.11·links.tldrnewsletter.com·2 min read·TLDR Crypto Crypto veterans spent a decade building cognitive skills that now transfer directly to AI-driven market volatility.
2026.08.11·links.tldrnewsletter.com·4 min read·TLDR Crypto Maple Finance has integrated Ethena's USDtb as a core collateral holding across syrupUSDC and syrupUSDT, which together hold approximately $400M in liquid USD assets.
ether.fi has unbundled restaking from weETH, moving that exposure to a new Symbiotic-based token called weETHs, which holds just 9,136 tokens (~$18M) against weETH's 1.72 million token supply. Restaking exposure in weETH is now below 1%, with the protocol's TVL at $3.3B (down from a $12.43B August 2025 peak), and full EigenPod withdrawal credential removal is planned for Q4 2026. ETHFI fell 11.4% on the week and EIGEN dropped 20.8% monthly as liquid restaking sector TVL contracts from its $18.3B December 2024 peak following incentive reductions. EigenLayer's total holdings have declined from $22.06B to $5.10B, and CEO Mike Silagadze called it the "end of an era," stating restaking arrived prematurely.
Bitcoin whales and sharks (10-10,000 BTC holders) accumulated more than 20,000 BTC (~$1.2 billion) between July 29 and August 7, while US spot Bitcoin ETFs drew $754.69 million this week, the strongest weekly inflow pace since April, with over $500 million booked in August alone. Despite this combined buying pressure, BTC held near $64,910 without a breakout, with analysts characterizing the marginal buyer as "more tactical than convicted." A $120 million Coldcard hardware wallet hack on July 30 and the US Senate's expected delay on the CLARITY Act are suppressing institutional appetite, with the latter viewed as a prerequisite for broader capital deployment. Santiment's diverging accumulation data points toward a $70K+ target, though Nexo's Liya Kalchev says a decisive close above $65,000 is needed to validate any recovery thesis.
Helius, a Solana RPC and infrastructure provider, is launching Rings, a two-tier privacy layer built on Solana. The public ring hides transaction amounts while keeping sender and recipient addresses visible, preventing amount-based MEV extraction, with DeFi integrations planned across staking, trading, and borrow/lend. The customizable ring is fully anonymous, concealing sender, recipient, and amounts, and targets institutions and neobanks that need configurable compliance controls. The architecture splits into a permissionless public tier and a permissioned enterprise tier, both running on Solana's existing infrastructure.
Warden Protocol's HALO launched a permissionless AI inference marketplace on Base mainnet, settling operator payments in USDC, with no geographic restrictions or account requirements for model access. The verification mechanism, SPEX (Statistical Proof of Execution), fingerprints model outputs as Bloom filters and tasks independent verifiers with probing them, such that honest runs nearly fully overlap the fingerprint while fabricated outputs fall to the filter's false-positive floor, sidestepping trusted hardware and ZK proofs. HALO token emissions mint only against verified usage on a fixed declining schedule, protocol fees fund programmatic buybacks into a treasury, and zero supply is reserved for venture investors. Users fund accounts via card or crypto with session keys abstracting gas and per-transaction signing while retaining self-custody, though one routing layer remains centralized until federation to staked relayers ships in H2 2026.
2026.08.10·links.tldrnewsletter.com·8 min read·TLDR Crypto Visa's Head of Crypto Cuy Sheffield told Bloomberg Crypto that Visa isn't competing to issue stablecoins but wants to be the "procurement gateway" that brings banks onchain and the "acceptance layer" that makes issued stablecoins spendable. Its Visa Stablecoin Platform (VSP; in beta) bundles wallet creation, Open USD issuance/redemption, custody, and transfers, paired with Visa Consulting & Analytics for use-case selection and launch support. Per Paymentscan, cumulative crypto card volume has topped $11 billion with Visa holding 96.8% of card network volume and powering 17 of the top 20 crypto card issuers by transaction volume. Visa's Trusted Agent Protocol (TAP) is also positioning it to connect stablecoins with agentic-commerce payment protocols like x402.
2026.08.10·links.tldrnewsletter.com·6 min read·TLDR Crypto Legacy payment rails (cards, ACH, SWIFT, and correspondent banking) were architected for human-initiated transactions, leaving a gap as AI agent deployment demands programmable, instant, global, and intermediary-free money movement. USDC and Circle's infrastructure target this gap as the settlement layer for the agentic economy, with onchain programmability enabling autonomous spending policies that traditional card rails cannot replicate. Circle's developer platform, CCTP cross-chain transfer protocol, and compliance tooling extend its advantage as enterprise AI agent deployments scale.
2026.08.10·links.tldrnewsletter.com·4 min read·TLDR Crypto Crypto is at "peak depth," with sellers exhausted but no marginal buyers yet, early-stage fundraising near-dead as VCs chase AI instead, and hackathon/grant funding down ~95%, risking a shrinking, "legacy industry" outcome if capital doesn't return by Q1 2027. Crypto has narrowed to four markets with product-market fit: memecoins/spot, perps, yield, and prediction markets, plus stablecoin payments. Non-financial protocols (governance, social, identity, and gaming) are effectively dead. The field is consolidating around "everything exchanges" (Coinbase, Robinhood, Solana, and Polymarket) and yield packagers (USDT, USDC, Aave, and Morpho), with only community-led chains (ETH and Solana) and distribution-led chains (Base, Robinhood's Tempo, and BSC) surviving.
Robinhood Chain's DEX volume dropped 72.5% from an $878 million peak on July 11 to $241 million by August 1, while the broader DEX market expanded 39% over the same period, cutting Robinhood's market share from 16.65% to 4.32%. On-chain metrics diverged: transactions hit a record 13.3 million, TVL climbed 820% to $433 million, and stablecoin supply reached $597 million, while average trade size fell 74% to $27.82. The chain's incentive allocation explains the gap: over 90% of $58,351 in daily rewards flows to stablecoin depositors via Morpho lending campaigns, while 11 trading campaigns split just $4,543 per day. A 0.63 correlation between CASHCAT memecoin activity and daily DEX volume points to speculative trading as the driver of the initial surge rather than organic usage growth.
July on-chain settlement for the Plasma One card found 1.6% of wallets (263 of 16,434) drove 45% of the $15.18 million in card spend.
Crypto card settlement volume has diversified from Gnosis (home of the first self-custodial Visa card) to Optimism (~29% of July volume), Solana (~19%), and Base (~19%) per Paymentscan, while Gnosis has fallen to about 2%.
$7.3 billion has moved through crypto cards across 131 million purchases since October 2023.
Wirex will replace Transact Payments Malta Limited as the issuer of its European Debit Visa by September 30.
Bernstein reiterated its Outperform rating and $140 price target on Circle after Q2 revenue hit $701 million, up 7% year over year but roughly 2% below consensus. Adjusted EBITDA of $143 million and EPS of $0.19 beat expectations, with reserve income making up 95% of revenue. Analysts cited Circle's OCC trust bank approval, growing Circle Payments Network, and the September 16 Arc mainnet launch as revenue streams not yet reflected in estimates. USDC circulation stood at $73.3 billion, down 5% quarter over quarter but up 19% year over year.
2026.08.07·links.tldrnewsletter.com·4 min read·TLDR Crypto French regulator AMF, Dutch watchdog AFM, and ESMA warned of rising scams exploiting the July 1 MiCA compliance deadline, with fraudsters impersonating AMF staff and misusing ESMA's logo to direct victims to fake sites. ~320 entities have secured MiCA licenses as of August 5, while VASPnet estimates over 1,700 firms, including Binance, must wind down or restrict EU services for missing the deadline. AMF has avoided setting an aggressive shutdown timeline for unlicensed exchanges to limit scam exposure.
2026.08.07·links.tldrnewsletter.com·3 min read·TLDR Crypto