Email: Strategy buys BTC 💰, Poseidon 2b is secure 🔒, Aave V4 borrow incentives 🪙

Subject:
Strategy buys BTC 💰, Poseidon 2b is secure 🔒, Aave V4 borrow incentives 🪙
Received:
9/1/2026, 12:05:36 PM
From:
"TLDR Crypto" <dan@tldrnewsletter.com>
To:
silk.theater.56@fwdnl.com
&lt;!DOCTYPE html&gt;&lt;html lang="en"&gt;&lt;head&gt;&lt;meta http-equiv="Content-Type" content="text/html charset=UTF-8"&gt;&lt;meta charset="UTF-8"&gt;&lt;meta name="viewport" content="width=device-width"&gt;&lt;meta name="x-apple-disable-message-reformatting"&gt;&lt;title&gt;TLDR Crypto&lt;/title&gt;&lt;meta name="color-scheme" content="light dark"&gt;&lt;meta name="supported-color-schemes" content="light dark"&gt;&lt;!--[if mso | ie]&gt;
		&lt;style type="text/css"&gt;
			a {
				color: #010101 !important;
			}
			@media (prefers-color-scheme: dark) {
				a {
					color: #FEFEFE !important;
				}
			}
	 &lt;/style&gt;
			&lt;![endif]--&gt;&lt;style type="text/css"&gt;
			: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;
			}

		&lt;/style&gt;&lt;/head&gt;&lt;body class=""&gt;




&lt;div style="display: none; max-height: 0px; overflow: hidden;"&gt;Strategy bought 4,603 BTC for $369.7M (avg. $80,318/BTC), bringing total holdings to 845,050 BTC (~$66.1B, over 4% of bitcoin&#039;s supply cap)&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;‌&nbsp;&lt;/div&gt;
&lt;div style="display: none; max-height: 0px; overflow: hidden;"&gt;
&lt;br&gt;
&lt;/div&gt;

&lt;table align="center" class="document"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td valign="top"&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" class="container" width="600"&gt;&lt;tbody&gt;&lt;tr class="inner-body"&gt;&lt;td&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr class="header"&gt;&lt;td bgcolor="" class="container"&gt;

&lt;table width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container"&gt;



&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" style="margin-top: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding: 0px;"&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div style="text-align: center;"&gt;
&lt;span style="margin-right: 0px;"&gt;&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ftldr.tech%2Fcrypto%3Futm_source=tldrcrypto/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/yQxruoox9Ep1swaAy2EDt-0Y2Yjr7QHF3ApMYLJHvcw=452" rel="noopener noreferrer" target="_blank"&gt;&lt;span&gt;Sign Up&lt;/span&gt;&lt;/a&gt;
|&lt;span style="margin-right: 2px; margin-left: 2px;"&gt;&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fadvertise.tldr.tech%2F%3Futm_source=tldrcrypto%26utm_medium=newsletter%26utm_campaign=advertisetopnav/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/ilPTz0xypq4bgF7GgKbLAm2iu67TsdEnOEfMKWWHKLA=452" rel="noopener noreferrer" target="_blank"&gt;&lt;span&gt;Advertise&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;|&lt;span style="margin-left: 2px;"&gt;&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fa.tldrnewsletter.com%2Fweb-version%3Fep=1%26lc=156ca424-84b7-11f0-a15f-2567a0c406a7%26p=51879016-a5e2-11f1-a9db-cf805a30be09%26pt=campaign%26t=1788264336%26s=06b16c468af36f5e54eee14578a90c783ffb06967ca5a4b2a081ad46bc5164bb/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/HR-wTbQAS_NcQas4qti2T4i6WDbr0igHHAB8Y_fBaVY=452"&gt;&lt;span&gt;View Online&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;
&lt;br&gt;
&lt;/span&gt;&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="text-align: center;"&gt;&lt;span data-darkreader-inline-color="" style="--darkreader-inline-color:#3db3ff; color: rgb(51, 175, 255) !important; font-size: 30px;"&gt;T&lt;/span&gt;&lt;span style="font-size: 30px;"&gt;&lt;span data-darkreader-inline-color="" style="color: rgb(232, 192, 96) !important; --darkreader-inline-color:#e8c163; font-size:30px;"&gt;L&lt;/span&gt;&lt;span data-darkreader-inline-color="" style="color: rgb(101, 195, 173) !important; --darkreader-inline-color:#6ec7b2; font-size:30px;"&gt;D&lt;/span&gt;&lt;/span&gt;&lt;span data-darkreader-inline-color="" style="--darkreader-inline-color:#dd6e6e; color: rgb(220, 107, 107) !important; font-size: 30px;"&gt;R&lt;/span&gt;
&lt;br&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;br&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table style="table-layout: fixed; width:100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;"&gt;
&lt;div style="text-align: center;"&gt;

&lt;h1&gt;&lt;strong&gt;TLDR Crypto &lt;span id="date"&gt;2026-09-01&lt;/span&gt;&lt;/strong&gt;&lt;/h1&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table style="table-layout: fixed; width:100%;" width="100%"&gt;&lt;tbody&gt;&lt;/tbody&gt;&lt;/table&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr bgcolor=""&gt;&lt;td class="container"&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding: 0px;"&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;&lt;span style="font-size: 36px;"&gt;📈&lt;/span&gt;&lt;/div&gt;&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;

&lt;h1&gt;&lt;strong&gt;Markets &amp; Business&lt;/strong&gt;&lt;/h1&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table style="table-layout: fixed; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top"&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FIjTXrb/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/t0OyReMtMp1rujvv0hPEHvIhfYgddZfdjoE3XgoxZDo=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Strategy resumes bitcoin buying (2 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    Strategy bought 4,603 BTC for $369.7M (avg. $80,318/BTC), bringing total holdings to 845,050 BTC (~$66.1B, over 4% of bitcoin's supply cap) at an average cost basis of $75,412/BTC, implying ~$2.34B in paper profits. Funded via at-the-market stock sales, the company also used proceeds to repurchase STRC preferred shares and pay dividends. This marks a resumption of buying after weeks of pausing/trimming. MSTR is still down 63% from its 2025 peak despite gaining 6.3% last week.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2F8FSt1t/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/irk_mlQunHpBgh6xVILmRrylolxFyTWWMk3SuJg-vq4=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;ICE partners with tZERO on tokenized securities infrastructure (2 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    tZERO will serve as design partner for NYSE parent Intercontinental Exchange's upcoming digital transfer agent program for tokenized securities. ICE will also invest in tZERO's latest funding round and license its 103-patent blockchain IP portfolio (covering compliant transfers, smart contracts, and corporate actions), with both firms exploring use of tZERO's tokenized assets as collateral at ICE clearing houses.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;&lt;span style="font-size: 36px;"&gt;🚀&lt;/span&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;

&lt;h1&gt;&lt;strong&gt;Innovation &amp; Launches&lt;/strong&gt;&lt;/h1&gt;
&lt;/div&gt;
&lt;br&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table style="table-layout: fixed; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top"&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fethresear.ch%2Ft%2Fposeidon2b-is-secure%2F25865%3Futm_source=tldrcrypto/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/sctFiERZMEq5fKVDdPePWFsV76AmeND6HawCfP4MTNk=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Poseidon2b is secure! (4 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    A researcher has published a point-by-point defense of their Poseidon2b hash function implementation for potential use in Ethereum, asserting it holds against the recently published "Skipping Class" algebraic attack. The paper's exploit targets state widths t=12-24 using a tensor MDS construction. The production instance runs t=4 with a complete external MDS layer, placing it outside the attack's scope. The best published cryptanalysis of the specific parameters (GF(2^128), x^7 S-box, 8 external/58 internal rounds) projects attack work at approximately 2^410, well above the 128-bit security target. The researcher backs the claim with pinned source code and executable audits, inviting targeted cryptanalysis of the exact configuration rather than generalized arguments about Poseidon as a family.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FJj2RJq/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/HLJm_Tx5KRluMuE0ZWW6EhCT5Gn4CwNCyWC5zRKO3Q8=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Techtree v0.1: Controlled Skill Evals with Verifiable Proof Bundles (5 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    Techtree is a controlled evaluation platform from Regents Labs that isolates a single variable (the Skill) across a fixed model, harness, runtime, tools, and budget to produce evidence of whether an agent improvement is real. Each evaluation run outputs a signed, participant-attested proof bundle verifiable offline, solving the trust problem of accepting another agent's benchmark results without rerunning the eval. The v0.2 roadmap introduces "Environment Forge" to convert source evidence (chat logs, traces, and repositories) into qualified verifier environments, with later versions gating receipt access behind x402 payments and feeding forged environments into RL training via prime-rl. The longer-term plan opens improvement markets for Skill Climbs and Harness Climbs with onchain reputation for authors, building credibility rails for agent skill development and deployment.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;


&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;&lt;span style="font-size: 36px;"&gt;💡&lt;/span&gt;&lt;/div&gt;&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;

&lt;h1&gt;&lt;strong&gt;Guides &amp; Tutorials&lt;/strong&gt;&lt;/h1&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table style="table-layout: fixed; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top"&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FCJrehM/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/pmxrWbP4lDHOiGxBh-5Hr2-Ig9zi8eHm7-kD2o2gocE=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;B20: The Standard Behind Tokenized Stocks on Base (5 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    Coinbase launched four tokenized equity tokens (NVDAc, METAc, AAPLc, and GOOGLc) on Base for non-US users, built on B20, a Base-native standard for compliant onchain asset issuance. B20's multiplier system handles corporate actions by updating a single onchain value rather than rewriting ERC-20 balances, keeping AMM pool reserves unchanged during stock splits and dividends and preserving DeFi liquidity. A shared Policy Registry propagates compliance updates such as sanctions blocklists to every asset referencing it, and administrators holding the seize role can move tokens from flagged addresses to authorized destinations with onchain memos recorded atomically. The launch generated $10.8M in 24-hour volume and $3.06M in DEX liquidity across ~50 protocols including Aave, Morpho, and Aerodrome, as the tokenized public equities sector reaches $2.48B total with Ondo leading at $872.7M.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fdecrypt.co%2F376884%2Fstrategy-bitcoin-2-8-billion-profit-saylor-btc-buy%3Futm_source=tldrcrypto/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/1GN9-5vcRwpmRw7N9bs5Joq2gDLn4TiVVnVg4ay1vKM=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Strategy's Bitcoin Is $2.8 Billion in Profit. Is Saylor Teeing Up a Buy? (3 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    Strategy holds 840,447 BTC at an average cost basis of $75,653, with Bitcoin trading near $79,007, placing the position roughly $2.8 billion (4.4%) in profit after a two-month acquisition pause. The firm has begun selling modest BTC quantities to fund preferred dividends and share buybacks, a departure from its longstanding "never sell" policy, while also raising $334 million via MSTR stock sales to preserve reserves. Saylor's Sunday post of a chart captioned "We're Back" has renewed speculation about an imminent purchase announcement, consistent with his pattern of social media signals preceding Monday morning buys. Fed Chair Kevin Warsh's inflation-driven rate-hike comments pulled Bitcoin to $76,877 by Friday, keeping Strategy's unrealized gain thin relative to the asset's October peak near $126,000.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;


&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;&lt;span style="font-size: 36px;"&gt;🦄&lt;/span&gt;&lt;/div&gt;&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;&lt;strong&gt;&lt;h1&gt;Miscellaneous&lt;/h1&gt;&lt;/strong&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table bgcolor="" style="table-layout: fixed; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top"&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fethresear.ch%2Ft%2Famm-yield-maximization-convergence-of-the-liquidity-provider-and-arbitrageur-roles%2F25826%3Futm_source=tldrcrypto/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/4i9RFi-gWgo0aC_bjx6PE7AUyDIT2RDRJyKD8-r6TLc=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;AMM Yield Maximization: Convergence of the LP and Arbitrageur (6 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    MEV-X researchers and HSE University collaborators introduce "dislocation value," the total extractable profit when an AMM pool price diverges from the market, and demonstrate that any fee levied on arbitrage trades reduces total value capture across all six tested architectures, including Uniswap V2/V3, Balancer, and Curve. Pools optimizing fee revenue independently capture roughly 50% of maximum dislocation value, with the remainder split between external arbitrageurs and unrealized losses. At the standard 0.30% fee tier, pool capture falls to 42% on a 1% dislocation scenario. The proposed fix is AMM hooks that execute atomic internal arbitrage post-swap, letting pools charge zero on rebalancing operations while retaining normal retail fees and eliminating external searcher profit. This architecture converts liquidity providers into active arbitrageurs at the protocol level, redirecting the value leakage currently flowing to external searchers back to the pool.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FDe7fL9/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/zCELKCPDDbemBNu9vUOhWDKzOP8R18EzXBD64lmnsNE=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Investors at least $4.7 billion underwater across Trump crypto ventures (3 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    A Public Citizen report tallies investor losses across Trump-linked crypto ventures at a minimum of $4.7 billion in 2025, against at least $1.4 billion Trump earned from the same projects. The TRUMP memecoin drives $3.2 billion of those losses. Roughly 1 million of 1.6 million retail buyers on decentralized exchanges remain underwater after the token fell from a $73.43 peak to approximately $2.73, with wallets from the first two trading days capturing nearly 90% of all retail-side gains. World Liberty Financial contributed $1 billion in additional losses, led by AI Financial Corp's $1.46 billion WLFI token purchase in August 2025, which left the Nasdaq-listed firm's stock down 91% to $0.642, while Trump Media's 9,477 BTC position accounts for another $450 million in losses. Trump's tokens were allocated rather than purchased, and his income flowed through licensing fees, meaning he deployed no capital while retail holders absorbed the drawdown.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;&lt;span style="font-size: 36px;"&gt;⚡&lt;/span&gt;&lt;/div&gt;&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding-top: 0px; padding-bottom: 0px;"&gt;
&lt;div class="text-block"&gt;
&lt;div style="text-align: center;"&gt;

&lt;h1&gt;&lt;strong&gt;Quick Links&lt;/strong&gt;&lt;/h1&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table bgcolor="" style="table-layout: fixed; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top"&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F2094473149673054719.html%3Futm_source=tldrcrypto/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/PP1dRZvIUmxGxqvMFDgeeskSXpmOrVtSLgiHF51z1AE=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Aerodrome volume Increases on tokenized equities (1 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    Daily volume on Aerodrome grew roughly 5x in a week, now above $25M/day.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F2094520917103894958.html%3Futm_source=tldrcrypto/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/nVJNu2pig8jNLd2XogK-OXQsON82Ffc4KyG_TDt9JU8=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Pushback on "risk-free" agentic credit yields (1 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    Claims that agentic payment lending can be both virtually risk-free and yield 20-40% annually are tenuous.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F2094433298567090579.html%3Futm_source=tldrcrypto/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/btto8m-G-krXE1pYObvzYLaVcRK6rDd7wzKfos891Rw=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Aave V4 USDC borrow incentives (1 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    Aave has activated incentives for USDC borrowers in its V4 Core Hub on Ethereum.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block"&gt;
&lt;span&gt;
                                &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fthreadreaderapp.com%2Fthread%2F2094496762832515549.html%3Futm_source=tldrcrypto/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/lBJGtv49_oof2cJl69-JpAvZCgXkI-ACdOOujK127Ns=452"&gt;
                                    &lt;span&gt;
                                        &lt;strong&gt;Robinhood Chain and SocialFi convergence (1 minute read)&lt;/strong&gt;
                                    &lt;/span&gt;
&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;span style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, Verdana, sans-serif;"&gt;
                                    Robinhood Chain's "Fomo" app has finally cracked SocialFi by letting younger users trade stocks, tokens, and NFTs socially in one place.
                                &lt;/span&gt;
&lt;/span&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;



&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td align="left" style="word-break: break-word; vertical-align: top; padding: 5px 10px;"&gt;

&lt;p style="padding: 0; margin: 0; font-size: 22px; color: #000000; line-height: 1.6; font-weight: bold;"&gt;
Love TLDR? Tell your friends and get rewards!
&lt;/p&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class="container" style="padding: 0px 10px 15px;"&gt;
&lt;div class="text-block"&gt;
Share your referral link below with friends to get free TLDR swag!
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td align="left" style="padding: 10px;"&gt;
&lt;div class="text-block"&gt;
&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Frefer.tldr.tech%2F2738b62c%2F6/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/kmzO-qQociEWUHsh59khJmzMV0emKcQMFN0p_I40VLQ=452" style="color: #464ba4; text-decoration: underline;"&gt;https://refer.tldr.tech/2738b62c/6&lt;/a&gt;
&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td align="left" style="padding:5px 10px;"&gt;
&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fhub.sparklp.co%2Fsub_5eb7645ebcd1%2F6/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/QRcXNgG2AGFfqG1-zSc3lIlW_5SbxOocLl9haXEhTOc=452" style="font-size: 16px; line-height: 1.6;  padding: 10px 0; display: inline-block;  text-decoration: underline;"&gt;&lt;span style="mso-text-raise:13pt; text-decoration: underline;"&gt;Track your referrals here.&lt;/span&gt;&lt;/a&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;




&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td align="left" style="word-break: break-word; vertical-align: top; padding: 5px 10px;"&gt;

&lt;p style="padding: 0; margin: 0; font-size: 22px; color: #000000; line-height: 1.6; font-weight: bold;"&gt;
Want to advertise in TLDR? 📰
&lt;/p&gt;
&lt;div class="text-block" style="margin-top: 10px;"&gt;
If your company is interested in reaching an audience of crypto investors and builders, you may want to &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fadvertise.tldr.tech%2F%3Futm_source=tldrcrypto%26utm_medium=newsletter%26utm_campaign=advertisecta/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/xkHgtI0VgUNgY1OApUSoE1SB88KBwR0loqz17hF3HQ0=452"&gt;&lt;strong&gt;&lt;span&gt;advertise with us&lt;/span&gt;&lt;/strong&gt;&lt;/a&gt;.
&lt;/div&gt;
&lt;br&gt;

&lt;!-- New "Want to work at TLDR?" section --&gt;

&lt;p style="padding: 0; margin: 0; font-size: 22px; color: #000000; line-height: 1.6; font-weight: bold;"&gt;
Want to work at TLDR? 💼
&lt;/p&gt;
&lt;div class="text-block" style="margin-top: 10px;"&gt;
&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fjobs.ashbyhq.com%2Ftldr.tech/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/5o8KNUabIWahHgJlzzgHeAduOUpizQ1BUF4aGf1SH_k=452" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"&gt;&lt;strong&gt;Apply here&lt;/strong&gt;&lt;/a&gt;,
&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fjobs.ashbyhq.com%2Ftldr.tech%2Fc227b917-a6a4-40ce-8950-d3e165357871/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/zj-rAg7l4dl7JgXRvmSiVJQvXCToqbaDB2aRU2_fJXk=452" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"&gt;&lt;strong&gt;create your own role&lt;/strong&gt;&lt;/a&gt; or send a friend's resume to &lt;a href="mailto:jobs@tldr.tech" style="color: #0000EE; text-decoration: underline;"&gt;jobs@tldr.tech&lt;/a&gt; and get $1k if we hire them! TLDR is one of &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Ffeed%2Fupdate%2Furn:li:activity:7401699691039830016%2F/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/aJWAgsPDL7xndA-IeIYcErf3Qz2eWdhrdywI-59DP24=452" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"&gt;&lt;strong&gt;Inc.'s Best Bootstrapped businesses&lt;/strong&gt;&lt;/a&gt; of 2025.
&lt;/div&gt;
&lt;br&gt;

&lt;div class="text-block"&gt;
If you have any comments or feedback, just respond to this email!
&lt;br&gt;
&lt;br&gt; Thanks for reading,
&lt;br&gt;
&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Fin%2Fesham-macauley-76733986%2F/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/7y5cDIBE8lguFoJTXAcd1K-vn5dWICRXl1s4-_yIWrA=452"&gt;&lt;span&gt;Esham Macauley&lt;/span&gt;&lt;/a&gt; &amp; &lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Fin%2Flincolnmurr%2F/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/9rzwUlg-wDjTkfCW2fVqcrEl_0BCjINwfRNPt5SSdOg=452"&gt;&lt;span&gt;Lincoln Murr&lt;/span&gt;&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;/div&gt;
&lt;br&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;

&lt;table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td class="container" style="padding: 15px 15px;"&gt;
&lt;div class="text-block" id="testing-id"&gt;
&lt;a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ftldr.tech%2Fcrypto%2Fmanage%3Femail=silk.theater.56%2540fwdnl.com/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/5PyIhbzBoQlHEiwX9J5M_GJGvblvJDcQkJTeGnzCdFU=452"&gt;Manage your subscriptions&lt;/a&gt; to our other newsletters on tech, startups, and programming. Or if TLDR Crypto isn't for you, please &lt;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=51879016-a5e2-11f1-a9db-cf805a30be09%26pt=campaign%26pv=4%26spa=1788264040%26t=1788264336%26s=994fa2bedd2dc0fd46b7f73b2048283a02f97660852f9dc3114eb03932e3d9a0/1/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/GgiB-nHxSuizjLPWNFDcyNA1eaj4dsz2JkmyyrldJAE=452"&gt;unsubscribe&lt;/a&gt;.
&lt;br&gt;

&lt;/div&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;





&lt;img alt="" src="http://tracking.tldrnewsletter.com/CI0/010001a05cdc4c0f-94833447-14dc-45f7-8742-8ed966136250-000000/0nJXpRLyvXwHS4DJWN16gsdwUsxCggqZE5cHexhdYZ4=452" style="display: none; width: 1px; height: 1px;"&gt;
&lt;/body&gt;&lt;/html&gt;
Email Content
