<!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;">AI agents are structurally barred from holding traditional bank accounts due to technological and regulatory constraints </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/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/qUFThtl7UppQqFED_Wnv0sTWIRW-70fdtb21M4A8ps8=452" 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/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/ISQAC-WcXwuXXRl-HYf1pzs_QtBLVztjS7jB5EpUwxQ=452" 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=38caf4c4-4dd5-11f1-967c-c1b8e3b23abc%26pt=campaign%26t=1778587444%26s=3afba574e0d7c8fb240765cc9a30c655afa951bd76fd34ddc799635b04e24c7c/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/yefmKTwKFb5TiHnMPIHcB5cnqUcU5MyP4dtNzXpXkTg=452"><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">2026-05-12</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%2Fcrypto-funds-six-week-inflow-streak-4-9-billion-coinshares%3Futm_source=tldrcrypto/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/eh-h47hlH2OxXvIosB38m0I3WbxkgxFrPu454bvlJ6w=452">
<span>
<strong>Crypto Funds Extend Six-Week Inflow Streak to $4.9B (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Crypto investment products recorded a sixth consecutive week of inflows, with $858 million entering in the most recent period to bring the six-week cumulative total to $4.9 billion. Bitcoin captured $706 million of the weekly allocation, with Ether at $77 million, Solana at $48 million, and XRP at $40 million, while short-Bitcoin ETPs saw $14 million in outflows. Total assets under management across crypto investment products reached $160 billion, the highest figure since February. Analysts attribute the sustained inflow trend to progress on the US CLARITY Act, including a final compromise proposal on stablecoin yields published May 1.
</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%2Fbusiness%2F2026%2F05%2F10%2Fagentic-commerce-will-run-on-crypto-rails-paypal-and-google-reps-tell-consensus-miami%3Futm_source=tldrcrypto/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/Yvf--SGqQJ5Mw22kt4inLAP1LbkKC2CxmZPpruYn9xw=452">
<span>
<strong>PayPal and Google Cloud: Agentic Commerce Will Run on Crypto Rails (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
AI agents are structurally barred from holding traditional bank accounts due to technological and regulatory constraints, which Google Cloud global Web3 strategy head Richard Widmann described as making crypto "a fantastic machine-readable interface for payments" at Consensus Miami. Google has launched the Agentic Payments Protocol (AP2), donated to the FIDO Foundation with over 120 partners, including PayPal, drawing a parallel to the x402 payment standard previously donated to the Linux Foundation. A PayPal survey found 95% of merchants already see AI agent traffic, but only 20% have machine-readable catalogs, exposing a readiness gap that PYUSD's programmable design is positioned to fill. On custody, Google argues agents should hold one shard of a 2-3 party key arrangement rather than a full private key, and Google has extended its Cloud KMS platform to support this model.
</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%2Flinks.tldrnewsletter.com%2Fa0BFus/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/lqwGL_urHkwzgBncnL0FR3Kp213o5k6QG6w4ROO_svY=452">
<span>
<strong>Circle Raises $222M in Arc Token Presale at $3B FDV (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Circle raised $222M in a token presale for its new Arc blockchain at a $3B fully diluted valuation. The Arc whitepaper outlines a native coordination token that supports governance, security, and network operations, with Circle exploring a shift to proof-of-stake. Q1 2026 results showed reserve income of $653M, up 17% year-over-year, driven by 39% growth in average USDC in circulation, partially offset by a 66bps decline in the reserve return rate. Other revenue doubled to $42M on subscription and transaction growth.
</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%2F2052019216870408437.html%3Futm_source=tldrcrypto/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/qdveCTdw-skWV_7yQ7UwZqGVatAROb3f2jJ0209LQ-U=452">
<span>
<strong>Kraken Pro Launches CFTC-Regulated US Retail Spot Margin Trading (2 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Kraken Pro opened US retail spot margin trading with up to 10x leverage on long and short positions, operating under CFTC regulation. The product is one of the few CFTC-regulated retail spot margin offerings available to US crypto traders, putting Kraken ahead of most domestic exchange competitors in this category.
</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%2Flinks.tldrnewsletter.com%2FEQQx0z/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/Kpebw3gRp3oH-hnubAMDJR_rauSOLFvHwwkW21ZCxEg=452">
<span>
<strong>Why Coinbase Wins in an AI-Native Finance World (6 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Artemis projects Coinbase reaching a $300B market cap by 2031 (35% CAGR) by positioning the company as settlement, distribution, and commerce infrastructure for agentic finance rather than a brokerage dependent on crypto volume cycles. Since October 2025, x402 has processed 180M agentic payments and $47.5M in agent spend across 5,000-plus merchants, with 92.8% of real agentic payment volume running on Base and 99.8% settled in USDC. Coinbase's USDC distribution agreement with Circle, structured as a "continuation lock" rather than a renewal cliff, earns Coinbase roughly 50% of Circle's revenue share plus 100% yield on the $17.8B USDC held in its own products as of Q4 2025. Artemis models $4.25B in annual Coinbase-attributable agentic revenue if 20% of McKinsey's projected $3-5T agentic commerce market settles on stablecoin rails, with the CLARITY Act providing a regulatory re-rating from consumer product to core market infrastructure.
</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%2Fdecrypt.co%2F365131%2Faxie-infinity-gaming-network-ronin-ethereum-layer-2-migration%3Futm_source=tldrcrypto/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/-WYVkQqMeARA-FQeLDqTV2keuSzNvPK1n7kerWMJK4U=452">
<span>
<strong>Ronin Migrates to L2 on with Major Tokenomic Reset (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Ronin, the Axie Infinity gaming blockchain, is migrating from a standalone sidechain to an Ethereum L2 at block 55,577,490 on May 12, four years after launching as an independent chain in 2021. Built on the OP Stack, the upgraded chain posts transaction data to Ethereum to inherit its security guarantees, with roughly 10 hours of mainnet downtime expected between 11 AM and 9 PM ET. The migration carries significant tokenomic shifts: RON annual inflation drops from over 20% to under 1%, marketplace fees routed to the treasury rise from 0.5% to 1.25%, 90 million RON moves from staking rewards to the treasury, and a new "proof of distribution" mechanism automates developer RON payouts. RON trades at $0.097, up 11% week-over-week but down 98% from its March 2024 peak of $4.45, with the Ronin team citing Ethereum's institutional and Wall Street alignment as the primary rationale for the move.
</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%2Flinks.tldrnewsletter.com%2F4NkO6B/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/hpcacacxLGRPm899QUrLNSvL-5r-OPSgkr4TJ3GizVY=452">
<span>
<strong>S&P 500 Payments Firm Taps JPM and BVNK to Add Stablecoin Settlement (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Corpay, an S&P 500 corporate payments company, signed JPMorgan's Kinexys private blockchain and BVNK as infrastructure partners to add 24/7 stablecoin and tokenized-fiat settlement to its cross-border payments platform. The integrations expand Corpay Cross-Border's existing multi-rail stack (SWIFT, proprietary iACH, and local real-time payment schemes) with blockchain-based settlement across select corridors, allowing enterprise clients to access all settlement methods through a single platform.
</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%2F2053749373608030557.html%3Futm_source=tldrcrypto/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/O48hID9LfeCCveG--MNGF7HzyCDAu0vruC22ZiRAXiA=452">
<span>
<strong>RWA Tokens Are Being Repriced as Bets on Financial Infrastructure (2 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
There is a split in the RWA token market with companies building serious multi-product infrastructure and onboarding institutional users, but most of their tokens have underperformed while a handful have increased. The market is beginning to treat the outperformers less like utility tokens and more like early equity stakes in the companies building the rails for tokenized finance, with token holders seeking exposure to the growth of tokenization itself regardless of whether that value accrues via fee switches, revenue share, buybacks, or governance.
</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%2F2053595948262060483.html%3Futm_source=tldrcrypto/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/kWpvO0isNG_0Jkeb7ZbmERypOUz4IKoRmOHXry4IxuA=452">
<span>
<strong>Bybit Declines Red Bull F1 Sponsorship Renewal Citing ROI (2 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Bybit chose not to renew its Red Bull F1 sponsorship due to year-over-year declines in commercial value alongside mounting activation costs.
</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%2Flinks.tldrnewsletter.com%2FtNt4yK/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/VthzmBXRCGC9pEHcNpty4rw8aI6p-IhzpYBOd33ukZA=452">
<span>
<strong>TrickMo Android banker adopts TON blockchain for covert comms (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
The TrickMo Android banking malware now uses the TON blockchain for stealthy command-and-control communications.
</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%2F2053780680807440692.html%3Futm_source=tldrcrypto/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/jj9BMspuLE8FWnE3BqIwf5Bh5afW0MkgMns3ck9rlPk=452">
<span>
<strong>xStocks on Solana: Market Cap Up ~100% YTD (1 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
xStocks continues to grow on Solana, with market cap up roughly 100% year-to-date.
</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%2Flinks.tldrnewsletter.com%2F1wJFDF/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/WTYZtmOCM_n-G8c3PLvCFxm2V4_MraeRQrmzO31FHYg=452">
<span>
<strong>SEC Calls for Onchain-Native Definitions of Broker, Dealer, Exchange (1 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
SEC Chairman Paul Atkins, speaking at the SCSP AI Expo on May 8, called for the agency to formally rewrite the statutory definitions of broker, dealer, exchange, and clearing agency to fit onchain markets rather than retrofit on-chain entities into legacy securities-law frameworks.
</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%2F6/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/7mmsqoLYNFRUPBTI396eGIKwwWsmvodsnQTfgBUTmbE=452" 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%2F6/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/OmBK3crXkOHu1-Wx4gMzSdqVVdiZph4wjbxv8nuGlxo=452" 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/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/dpmddTYGrro5zye0BCb_xVW4a921ZCtxeE0519uNPBA=452"><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/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/vIK24ZnUmhRvPEucHgMoN_2iSYvdLT2Iz90wFCxuLZA=452" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"><strong>Apply here</strong></a>,
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fjobs.ashbyhq.com%2Ftldr.tech%2Fc227b917-a6a4-40ce-8950-d3e165357871/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/5ybnoKCvwkOqwv-gv9582c2VQeEOQG8Eyxu7HKDedZo=452" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"><strong>create your own role</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! TLDR is one of <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Ffeed%2Fupdate%2Furn:li:activity:7401699691039830016%2F/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/FozoB22OoEq7Lk_DZ2jKRdQKsxNE8jJ1V5-8zEuQ2vI=452" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"><strong>Inc.'s Best Bootstrapped businesses</strong></a> of 2025.
</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/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/HByFWoomU456eL2Oml48jo4MxuvgozmViSxbN_wgB8k=452"><span>Esham Macauley</span></a> & <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Fin%2Flincolnmurr%2F/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/y-lS6rTtUGNAcJAl3AIWr4XcSd_5QytLJKkSNNCPy3E=452"><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/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/f6HYcapV3KT1F0ID7vXzpcy4w2SbogifxENVMvhEOd0=452">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=38caf4c4-4dd5-11f1-967c-c1b8e3b23abc%26pt=campaign%26pv=4%26spa=1778587215%26t=1778587444%26s=5f6f75d192b72af6105e53a9ada068f043cacf59f22db4423563f2519e7cc65c/1/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/-YbZPSftjc75P6Vn7rowmwTCo8d5HFfsFuLNiRmH36Y=452">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/CI0/0100019e1c12a55e-15477700-7cbf-4291-b120-319e8857215c-000000/i6LULwoqBjWQQeHBSpvkXagLYUl8tNUhoKTJ3cVXVEQ=452" style="display: none; width: 1px; height: 1px;">
</body></html>