<!DOCTYPE html><html lang="en"><head><meta http-equiv="Content-Type" content="text/html charset=UTF-8"><meta charset="UTF-8"><meta name="viewport" content="width=device-width"><meta name="x-apple-disable-message-reformatting"><title>TLDR Crypto</title><meta name="color-scheme" content="light dark"><meta name="supported-color-schemes" content="light dark"><!--[if mso | ie]>
<style type="text/css">
a {
color: #010101 !important;
}
@media (prefers-color-scheme: dark) {
a {
color: #FEFEFE !important;
}
}
</style>
<![endif]--><style type="text/css">
:root {
color-scheme: light dark; supported-color-schemes: light dark;
}
*,
*:after,
*:before {
-webkit-box-sizing: border-box; -moz-box-sizing: border-box; box-sizing: border-box;
}
* {
-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;
}
html,
body,
.document {
width: 100% !important; height: 100% !important; margin: 0; padding: 0;
}
body {
-webkit-font-smoothing: antialiased; -moz-osx-font-smoothing: grayscale; text-rendering: optimizeLegibility;
}
div[style*="margin: 16px 0"] {
margin: 0 !important;
}
table,
td {
mso-table-lspace: 0pt; mso-table-rspace: 0pt;
}
table {
border-spacing: 0; border-collapse: collapse; table-layout: fixed; margin: 0 auto;
}
img {
-ms-interpolation-mode: bicubic; max-width: 100%; border: 0;
}
*[x-apple-data-detectors] {
color: inherit !important; text-decoration: none !important;
}
.x-gmail-data-detectors,
.x-gmail-data-detectors *,
.aBn {
border-bottom: 0 !important; cursor: default !important;
}
.btn {
-webkit-transition: all 200ms ease; transition: all 200ms ease;
}
.btn:hover {
background-color: #f67575; border-color: #f67575;
}
* {
font-family: Arial, Helvetica, sans-serif; font-size: 18px;
}
@media screen and (max-width: 600px) {
.container {
width: 100%; margin: auto;
}
.stack {
display: block!important; width: 100%!important; max-width: 100%!important;
}
.btn {
display: block; width: 100%; text-align: center;
}
}
body,
p,
td,
tr,
.body,
table,
h1,
h2,
h3,
h4,
h5,
h6,
div,
span {
background-color: #FEFEFE !important; color: #010101 !important;
}
@media (prefers-color-scheme: dark) {
body,
p,
td,
tr,
.body,
table,
h1,
h2,
h3,
h4,
h5,
h6,
div,
span {
background-color: #27292D !important; color: #FEFEFE !important;
}
}
a {
color: inherit !important; text-decoration: underline !important;
}
</style></head><body class="">
<div style="display: none; max-height: 0px; overflow: hidden;">Exchanges must margin collateral based on their own liquidity and solvency, just as commodities trade differently across local markets </div>
<div style="display: none; max-height: 0px; overflow: hidden;">
<br>
</div>
<table align="center" class="document"><tbody><tr><td valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" class="container" width="600"><tbody><tr class="inner-body"><td>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr class="header"><td bgcolor="" class="container">
<table width="100%"><tbody><tr><td class="container">
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" style="margin-top: 0px;" width="100%"><tbody><tr><td style="padding: 0px;">
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div style="text-align: center;">
<span style="margin-right: 0px;"><a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ftldr.tech%2Fcrypto%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/YgHI55DLMQ0yvYJ33h55viqpeoWNKWSB__4P03L2Gf4=426" rel="noopener noreferrer" target="_blank"><span>Sign Up</span></a>
|<span style="margin-right: 2px; margin-left: 2px;"><a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fadvertise.tldr.tech%2F%3Futm_source=tldrcrypto%26utm_medium=newsletter%26utm_campaign=advertisetopnav/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/KawlFTJkR0kTjHCpZ-fnVWaEr6y9hfH9rocv-czaqEM=426" rel="noopener noreferrer" target="_blank"><span>Advertise</span></a></span>|<span style="margin-left: 2px;"><a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fa.tldrnewsletter.com%2Fweb-version%3Fep=1%26lc=156ca424-84b7-11f0-a15f-2567a0c406a7%26p=1ae43cf4-a8da-11f0-9cbb-03acc6e6bf31%26pt=campaign%26t=1760443517%26s=4ca65ccaecfdeda0d9ffa42189e525ceb3cbcba06b5df058602ea5fd84b6b0b9/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/kstd16GTiGyLnuY1eFeogDBmQqDGi4-W_EYGfD8emXQ=426"><span>View Online</span></a></span>
<br>
</span></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="text-align: center;"><span data-darkreader-inline-color="" style="--darkreader-inline-color:#3db3ff; color: rgb(51, 175, 255) !important; font-size: 30px;">T</span><span style="font-size: 30px;"><span data-darkreader-inline-color="" style="color: rgb(232, 192, 96) !important; --darkreader-inline-color:#e8c163; font-size:30px;">L</span><span data-darkreader-inline-color="" style="color: rgb(101, 195, 173) !important; --darkreader-inline-color:#6ec7b2; font-size:30px;">D</span></span><span data-darkreader-inline-color="" style="--darkreader-inline-color:#dd6e6e; color: rgb(220, 107, 107) !important; font-size: 30px;">R</span>
<br>
</td></tr></tbody></table>
<br>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody></tbody></table>
<table style="table-layout: fixed; width:100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;">
<div style="text-align: center;">
<h1><strong>TLDR Crypto <span id="date">2025-10-14</span></strong></h1>
</div>
</td></tr></tbody></table>
<table style="table-layout: fixed; width:100%;" width="100%"><tbody></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr>
<tr bgcolor=""><td class="container">
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td style="padding: 0px;">
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">📈</span></div></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;">
<h1><strong>Markets & Business</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fcointelegraph.com%2Fnews%2Fcentralized-crypto-exchanges-undrerreport-liquidadations-even-100x-hyperliquid-ceo%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/ypChzC_JfyQH1pgEApmwYChc9acs910Q8PssMUJXVx0=426">
<span>
<strong>Centralized exchanges face claims of liquidation undercounts (5 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Hyperliquid CEO Jeff Yan and crypto data platform CoinGlass alleged that centralized exchanges like Binance significantly undercount liquidations due to their reporting methodology, which only captures one liquidation per second in order snapshot streams despite processing over 100 liquidations per pair per second during mass events. The claims emerged after Friday's market crash produced the largest liquidation event in crypto history at $16.7 billion in long liquidations, though Yan suggested actual figures could be 100x higher. Binance faced multiple technical issues during the crash, including module lags, depegging events requiring over $280 million in user compensation, and display anomalies showing $0 prices for some trading pairs, while the platform's CEO acknowledged "brief lags" in some functional modules. In contrast, DeFi platforms demonstrated greater resilience, with Hyperliquid reporting zero downtime and Ethena's USDe stablecoin maintaining its peg on Curve while depegging severely to under $0.70 on Binance.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.coindesk.com%2Fmarkets%2F2025%2F10%2F13%2Ftrader-who-made-usd192m-shorting-the-crypto-crash-is-betting-against-bitcoin-again%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/pVTCQxW8JJbgV8uHWgT-jfZSWZ-OjXb8gnzFIZy_2q4=426">
<span>
<strong>Trader Who Made $192M Shorting the Crash is Short Again (6 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
The wallet identified as 0xb317 on Hyperliquid has opened a new $163 million short position on Bitcoin with 10x leverage and $125,500 liquidation level, already showing $3.5 million profit as the same trader who gained nearly $200 million by shorting 30 minutes before Trump's surprise 100% China tariff announcement that triggered the largest-ever crypto liquidation day. The perfectly timed initial bet sparked widespread speculation about insider knowledge and earned the address the "insider whale" designation from onchain analysts, with some arguing the position itself accelerated the crash that erased over $19 billion in crypto market value. Hyperliquid's Auto-Deleveraging mechanism hit over 6,000 wallets and wiped $1.2 billion in trader capital during the weekend flush, forcibly closing profitable positions to cover losses from bankrupt accounts and preventing bad debt but potentially worsening selloffs as the safety mechanism rebalances the system.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">🚀</span></div>
</div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;">
<h1><strong>Innovation & Launches</strong></h1>
</div>
<br>
</div>
</td></tr></tbody></table>
<table style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F1975924765065167100.html%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/3P-gxzqU32FgLqjNxlPZs1xUsxgCN1lxXPqxPUizoU0=426">
<span>
<strong>Introducing Onchain Storefronts (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Rarible has launched onchain storefronts, enabling brands and creators to own their presence with fully branded spaces for launching and selling digital collectibles, with VeeFriends as the first implementation, bringing Gary Vaynerchuk's 250+ character universe together in one hub. The VeeFriends storefront integrates Privy wallet for email login onboarding, Crossmint checkout for credit card, Apple Pay, and Google Pay payments, and RARI Foundation rewards program for trading and collecting activity, combining digital assets, collector spotlights, and media features in a unified commerce experience. The platform positions itself as "Shopify, but onchain" for storytelling, discovery, and community building beyond basic marketplace functionality, with more major brands and creators preparing to launch their own storefronts as the next chapter of onchain commerce takes shape.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fdocs.ens.domains%2Fcontracts%2Fensv2%2Foverview%2F%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/F2mAOJV-ooI_xMygyr0bUG6UyXfhTYioUnPvs_KYnI4=426">
<span>
<strong>ENSv2 Overview (5 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
ENSv2 introduces hierarchical registries where each name provides its own registry implementation for subnames rather than ENSv1's single flat registry, giving name owners direct control over ownership and transfer rules while enabling entire subtrees to be deleted or reassigned in single operations. Changes include native Layer 2 support with Namechain and cross-chain resolution built on CCIP-Read, contract factories where every name gets its own resolver and registry rather than relying on large multi-user contracts enabled by low L2 transaction costs, role-based permissions integrating Name Wrapper functionality into the core protocol, and elimination of grace periods where names immediately enter premium periods upon expiration. The hierarchical structure enables advanced features like aliasing multiple domains to identical records by reusing the same subregistry across names, while standardized registries implement ERC1155 tokens with sophisticated permissions models using Open Zeppelin-style roles, where each name has roles like resolver setting with corresponding admin roles for granting or revoking permissions.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">💡</span></div></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;">
<h1><strong>Guides & Tutorials</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fx.com%2Fyq_acc%2Fstatus%2F1977057301673787716%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/EZUKJisYlzK7hhUF3PC5P8RV1YQ2Rx-boRAjI5jvN-Y=426">
<span>
<strong>Inside Crypto's $19B Liquidation Cascade (6 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Trump's 100% tariff announcement triggered a $19B crypto liquidation spiral because of leverage and structural flaws in exchange infrastructure. Binance's margin engine mispriced wrapped assets like wBETH and BNSOL, marking collateral to distressed spot prices instead of underlying value. As liquidity vanished, auto-liquidations fed a self-reinforcing doom loop while market makers pulled back, unable to hedge. Synthetic assets like USDe remained solvent but were liquidated anyway because of faulty pricing logic.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F1977510426268029339.html%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/m_y4g_kODmq1Xv4VlZ5ojx-kvtMIioWzurS3V487uAU=426">
<span>
<strong>“Depeg-gate” and the semantics of stablecoin stability (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
“Depeg” has become an overused, misleading label for any price dislocation, even when the stablecoin issuer isn't at fault. We should recognize the nuances between local depegs (venue-level liquidity or routing issues like USDe's recent event), widespread redemption stress (temporary withdrawal uncertainty like USDC during SVB), and collateral loss (true issuer failure like Terra/Luna). Most “depegs” reflect market dysfunction, not issuer collapse, and using the term loosely conflates unrelated issues, causing unnecessary reputational damage.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">🦄</span></div></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><strong><h1>Miscellaneous</h1></strong></div>
</div>
</td></tr></tbody></table>
<table bgcolor="" style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F1977386218103959954.html%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/VzZFKEgCwDGJThmDM79iIysj2X_yRmCUG-S9HFpiPUo=426">
<span>
<strong>Lessons from Binance's Depeg Chaos (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Exchanges must margin collateral based on their own liquidity and solvency, not global parity, just as commodities trade differently across local markets like Dalian or Chicago. While Ethena's USDe remained solvent, Binance couldn't assume recovery without taking market risk. The episode demonstrates that DeFi and cross-chain systems depend on local liquidity realities, and oracles tied to mainnet prices may not reflect true collateral value on frontier chains or isolated venues, a challenge that extends to tokenized RWAs as well.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F1977380988956115373.html%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/Yy2IxcngTzhwhggyMnjqsKQukqKEyJGRjfB9qPe3S38=426">
<span>
<strong>The Moral Foundations of Crypto Networks (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Enduring crypto networks succeed because they're built on moral conviction, not convenience. Bitcoin stands for separating money from the state, Ethereum for decentralization, and Zcash for privacy. Similarly, Base's mantra, “Base is for everyone”, reflects a mission to build an open, global economy rather than chase speculative profits. Moral values impose real tradeoffs like Bitcoin sacrifices speed, Ethereum scalability, and Base short-term revenue. However, these principled constraints, guided by founder-led vision, are what ultimately enable networks to evolve into true network states.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">⚡</span></div></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;">
<h1><strong>Quick Links</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table bgcolor="" style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F1977353803536982082.html%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/kdxiRtvOHS3GpldfMBa1wOmpEXzr84UZ1nEgTJ55HuQ=426">
<span>
<strong>The Sweet Spot for New Prediction Markets (2 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Next-gen prediction markets should focus on high-frequency, high-leverage events with meaningful real-world outcomes.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F1977447614166835685.html%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/ExuX4iLjp9s6GN54fC3pYvOQRo-IqYeX2TqLlr2trR0=426">
<span>
<strong>Ethereum could hold an additional $850B of Stablecoins by 2028 (1 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
US Treasury Secretary Scott Bessent projects the dollar-backed stablecoin market could exceed $2 trillion within three years.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.coindesk.com%2Fmarkets%2F2025%2F10%2F12%2Fbinance-to-compensate-users-affected-by-crash-in-wbeth-bnsol-and-ethena-s-usde%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/NkbZ51FJ1sz-tOezxvjKGRAa7UIY_L4iiCHQCL_zjCw=426">
<span>
<strong>Binance to Compensate Users Affected by Crash in Wrapped Tokens (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Binance is taking partial blame for the market crash on Friday, and is recompensating users who lost money from holding Binance-wrapped ETH, SOL, or USDe.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F1977579430634832061.html%3Futm_source=tldrcrypto/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/AeQFdJf6FtbwrbfFXdTmABQqfJKMC7O6o1ymw2zYfTc=426">
<span>
<strong>x402 explanation for beginners (6 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
This video outlines how the x402 protocol works for machine-to-machine payments using stablecoins.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td align="left" style="word-break: break-word; vertical-align: top; padding: 5px 10px;">
<p style="padding: 0; margin: 0; font-size: 22px; color: #000000; line-height: 1.6; font-weight: bold;">
Love TLDR? Tell your friends and get rewards!
</p>
</td></tr>
<tr><td class="container" style="padding: 0px 10px 15px;">
<div class="text-block">
Share your referral link below with friends to get free TLDR swag!
</div>
</td></tr>
<tr><td align="left" style="padding: 10px;">
<div class="text-block">
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Frefer.tldr.tech%2F2738b62c%2F6/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/NoDKwgyDSErHZD3lz7neLUbniFR-YJY_IWk09yoskR0=426" style="color: #464ba4; text-decoration: underline;">https://refer.tldr.tech/2738b62c/6</a>
</div>
</td></tr>
<tr></tr>
<tr><td align="left" style="padding:5px 10px;">
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fhub.sparklp.co%2Fsub_5eb7645ebcd1%2F6/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/PgNF_aOIKFAxZcFGtrA4SYcYQjQz6Ufx5VoqGw-7QBE=426" style="font-size: 16px; line-height: 1.6; padding: 10px 0; display: inline-block; text-decoration: underline;"><span style="mso-text-raise:13pt; text-decoration: underline;">Track your referrals here.</span></a>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td align="left" style="word-break: break-word; vertical-align: top; padding: 5px 10px;">
<p style="padding: 0; margin: 0; font-size: 22px; color: #000000; line-height: 1.6; font-weight: bold;">
Want to advertise in TLDR? 📰
</p>
<div class="text-block" style="margin-top: 10px;">
If your company is interested in reaching an audience of crypto investors and builders, you may want to <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fadvertise.tldr.tech%2F%3Futm_source=tldrcrypto%26utm_medium=newsletter%26utm_campaign=advertisecta/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/_sjczwU5e8h5uVE6uTXDa6CRDAlbCoPEv5aU_pYA-xo=426"><strong><span>advertise with us</span></strong></a>.
</div>
<br>
<!-- New "Want to work at TLDR?" section -->
<p style="padding: 0; margin: 0; font-size: 22px; color: #000000; line-height: 1.6; font-weight: bold;">
Want to work at TLDR? 💼
</p>
<div class="text-block" style="margin-top: 10px;">
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fjobs.ashbyhq.com%2Ftldr.tech/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/GMSFpymUmRaKPnaL3bE_GGEkS_WQnZcffrX6CkMrwZo=426" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"><strong>Apply here</strong></a> or send a friend's resume to <a href="mailto:jobs@tldr.tech" style="color: #0000EE; text-decoration: underline;">jobs@tldr.tech</a> and get $1k if we hire them!
</div>
<br>
<div class="text-block">
If you have any comments or feedback, just respond to this email!
<br>
<br> Thanks for reading,
<br>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Fin%2Fesham-macauley-76733986%2F/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/51kgx2OXIGedffdc8S3RjeVe8e0SOtu2fyZaeNh_P4k=426"><span>Esham Macauley</span></a> & <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Fin%2Flincolnmurr%2F/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/h3XMfaBu9RPzuHyEstZFgWSPHlGzsDMV7pDI18jk59Y=426"><span>Lincoln Murr</span></a>
<br>
<br>
</div>
<br>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block" id="testing-id">
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ftldr.tech%2Fcrypto%2Fmanage%3Femail=silk.theater.56%2540fwdnl.com/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/r6U87tf3eTqaJOsQGBx1pbZ9ImoB7foQz2kqMs4iyH4=426">Manage your subscriptions</a> to our other newsletters on tech, startups, and programming. Or if TLDR Crypto isn't for you, please <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fa.tldrnewsletter.com%2Funsubscribe%3Fep=1%26l=514b3efb-6f16-11ec-96e5-06b4694bee2a%26lc=156ca424-84b7-11f0-a15f-2567a0c406a7%26p=1ae43cf4-a8da-11f0-9cbb-03acc6e6bf31%26pt=campaign%26pv=4%26spa=1760443237%26t=1760443517%26s=f83e1026628eae3f16a0a7afd1f79a2c86b328e9576524ac38cce5aad82db20b/1/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/XFpjQ2rvRYf9OTRpFGfpUvU_NBy4dhUNpJfXXR72aR0=426">unsubscribe</a>.
<br>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<img alt="" src="http://tracking.tldrnewsletter.com/CI0/01000199e29c4b84-9112f259-f97c-4f20-a061-6d9d2d1c296d-000000/uinZSNgZIkwoYbaDILXInGHeY7NatJB1plvuOhge3pA=426" style="display: none; width: 1px; height: 1px;">
</body></html>