The Daily Index — Monday, September 25, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

AS OTHERS DEPART THE US, COINSHARES EXPANDS VIA NEW HEDGE FUND UNIT

Crypto investment firm CoinShares is launching a hedge fund division, CoinShares Hedge Fund Solutions, to cater to US investors, marking the firm's expansion into the country. The unit will be led by Lewis Fellas and offer funds based on Bitcoin and Ethereum. This move comes while other companies have been exiting the US due to its oppositional regulatory stance. CoinShares CEO Jean-Marie Mognetti sees potential with the product as he has observed increased demand for active digital asset management amid an inflation-driven macro environment.

blockworks.co · 2 min

TLDR Crypto

INNOVATION

ZeroSync, a Swiss non-profit, is aiming to bring zk proofs to Bitcoin, starting with a zk proof-based light client for the network. Its roadmap includes developing a protocol on top of Bitcoin to increase throughput, allowing for the incorporation of tokens and enhanced privacy. The project, which is funded by grants and is the first to use StarkWare's Cairo programming language outside Ethereum, would require a soft fork in Bitcoin's code. The ZeroSync team is currently exploring options and participating in the community to find the best approach.

blockworks.co · 3 min

TLDR Crypto

ANALYZING ETHEREUM WITH CRYO

This post provides a guide to using Cryo, a flexible user-friendly tool built by Paradigm that enables developers to easily extract blockchain data into multiple formats for analysis. The tool utilizes Rust and Python for data exploration, allowing users to download different datasets like blocks, transactions, and logs. The post offers a walkthrough of how to install Cryo, extract and download Ethereum data, and analyze it using Python libraries.

mteam88.github.io · 6 min

TLDR Crypto

EXTENDING THE ETHEREUM-EQUIVALENCE DEFINITION

This article examines the concept of Ethereum-equivalence and introduces a layer of advanced definitions. The idea is to identify levels within Ethereum-equivalence, building up on conventional meanings towards a more philosophical alignment. This hierarchy aims to provide a roadmap for rollups and in achieving a full 'Ethereum on Ethereum' structure. The author proposes two further levels within the Ethereum-equivalence hierarchy, providing a comprehensive view of the topic. They also elaborate on what each level offers and the virtues of full Ethereum-equivalence.

finestone.mirror.xyz · 10 min

TLDR Crypto

THE BURN

NounsDAO is due for an update. This proposal lays out plans to burn any excess ETH held by the treasury. The move would tie the treasury, the Nouns supply, and the auction price together, and encourage the DAO voters to spend the treasury, increase the Noun supply, and raise the auction price. The proposal also suggests a waiting period post-update to allow the DAO to coordinate, potentially setting the first burn date for New Year’s Eve, 2023.

w.mirror.xyz · 6 min

TLDR Crypto

PROGRESSIVE COMPLIANCE

This article from Placeholder explains how the legal and regulatory uncertainties surrounding blockchains and dapps remain key barriers to mass adoption. Many projects aim to achieve "progressive decentralization" to comply with current regulatory frameworks. The primary challenge with this approach lies in accomplishing compliance without compromising foundational principles. The article lays out a parallel concept called “progressive compliance” for companies or protocols whose business models do not make sense to decentralize.

placeholder.vc · 3 min

TLDR Crypto

SHIFTS IN PRODUCT DYNAMICS

This blog post highlights some of the shifts in the dynamics of building in web3 that have occurred throughout the bear market. It specifically highlights 5 shifts: velocity being the new constant, the frontier paradox, headless brands, the multi-application flywheel, and putting the audience ahead of the product.

mirror.xyz · 2 min

TLDR Crypto

BASE TOKEN NOT 'RULED OUT ENTIRELY,' COINBASE'S PAUL GREWAL SAYS

Coinbase's Chief Legal Officer Paul Grewal mentioned at Messari Mainnet that Coinbase has not ruled out issuing a token for its Ethereum L2 Base that launched and gained a great deal of traction throughout the summer.

theblock.co · 3 min

TLDR Crypto

STRUCTURAL ADVANTAGES FOR INTEGRATED BUILDERS IN MEV-BOOST

This study conducted by Max Resnick and Mallesh Pai explains how integrated builders, due to their speed, dominate CEX/DEX arbitrage, outperforming neutral builders.

twitter.com · 2 min

TLDR Crypto

CRACKDOWN

Vitalik Buterin was recently interviewed on CNBC, discussing the regulatory crackdown on cryptocurrencies in the US and how crypto will continue to thrive, especially in developing countries.

cnbc.com · 14 min