Tootfinder

The US DOJ seized ~145 domains and crypto linked to BidenCash, a dark web market that made $17M in revenue since 2022 by selling stolen credit cards and more (Ionut Ilascu/BleepingComputer)
https://www.bleepingcomputer.com/news/secu

This https://arxiv.org/abs/2506.03287 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_qfi…

The Surprising Irrelevance of Total-Value-Locked on Cryptocurrency Returns
A common assumption in cryptocurrency markets is a positive relationship between total-value-locked (TVL) and cryptocurrency returns. To test this hypothesis we examine whether the returns of TVL-sorted portfolios can be explained by common cryptocurrency factors. We find evidence that portfolios formed on TVL exhibit returns that are linear functions of aggregate crypto market returns, that is they can be replicated with appropriate weights on the crypto market portfolio. Thus, strategies base…

The Surprising Irrelevance of Total-Value-Locked on Cryptocurrency Returns
Matt Brigida
https://arxiv.org/abs/2506.03287 https://arxi…

The Surprising Irrelevance of Total-Value-Locked on Cryptocurrency Returns
A common assumption in cryptocurrency markets is a positive relationship between total-value-locked (TVL) and cryptocurrency returns. To test this hypothesis we examine whether the returns of TVL-sorted portfolios can be explained by common cryptocurrency factors. We find evidence that portfolios formed on TVL exhibit returns that are linear functions of aggregate crypto market returns, that is they can be replicated with appropriate weights on the crypto market portfolio. Thus, strategies base…

Hybrid Monetary Ecosystems: Integrating Stablecoins and Fiat in the Future of Currency Systems
Hongzhe Wen, Songbai Li
https://arxiv.org/abs/2505.10997 htt…

Hybrid Monetary Ecosystems: Integrating Stablecoins and Fiat in the Future of Currency Systems
With market capitalization exceeding USD 200 billion as of early 2025, stablecoins have evolved from a crypto-focused innovation into a vital component of the global monetary structure. This paper identifies the characteristics of stablecoins from an analytical perspective and investigates the role of stablecoins in forming hybrid monetary ecosystems where public (fiat, CBDC) and private (USDC, USDT, DAI) monies coexist. Through econometric analysis with multiple models, we find that stablecoin…