The Daily Index — Thursday, September 28, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

CRYPTO EXCHANGE KRAKEN PLANS TO OFFER TRADING IN US-LISTED STOCKS

Cryptocurrency exchange Kraken is reportedly planning to offer trading of US-listed stocks and ETFs, a first in the company's history. Launching via a new division, Kraken Securities, the service aims to go live in 2024. The move positions Kraken to compete with players like Robinhood and Public.com in the zero-commission market. While the "crypto winter" likely pushed Kraken to pursue this new product line, the company has still managed to grow its market share on the crypto side despite the brutal market conditions.

archive.ph · 2 min

TLDR Crypto

GEVULOT

Gevulot is a fully permissionless and programmable layer 1 blockchain for deploying proof systems as on-chain programs. It features high liveness guarantees, predictable fees, and performance to match centralized provers. Gevulot allows users to deploy proof systems and interact with them as easily as they would with a smart contract.

gevulot.com · 6 min

TLDR Crypto

CHAINLINK EXTENDS CROSS-CHAIN PROTOCOL TO COINBASE’S BASE

Chainlink has expanded its Cross-Chain Interoperability Protocol to Base, enabling increased cross-chain communication between this up-and-coming chain and others supported by CCIP. With the inclusion of CCIP, developers can create applications that can communicate and execute transactions across multiple blockchains. The move is another step in Chainlink’s plan to boost blockchain interoperability and utilization.

decrypt.co · 2 min

TLDR Crypto

WHY IS FULLY HOMOMORPHIC ENCRYPTION THE NEXT BIG THING

Fully Homomorphic Encryption (FHE), a cutting-edge cryptography method that enables computations on encrypted data, could revolutionize blockchain development. The technology allows transactions to leave a user's wallet encrypted, providing end-to-end encryption for the first time in web3. A team at Fhenix announced it is developing the first FHE-based blockchain, supported by a seed funding round led by ColliderVC and Multicoin Capital.

twitter.com · 2 min

TLDR Crypto

INTERNET INFRASTRUCTURE

TON's recent sudden surge in price took many by surprise. TON is building a decentralized internet infrastructure that comprises four key components: the TON Blockchain, TON DNS, TON Storage, and TON Sites. Its ecosystem has over 800 million users worldwide. This thread looks at TON, the history behind the token, and why its potential shouldn't be underestimated.

twitter.com · 3 min

TLDR Crypto

PRODUCT-MARKET FIT

Critics argue the adoption of crypto is delayed by issues with UX. However, Li Jin, co-founder of Variant, argues that the real issue is the lack of products people genuinely want, indicating a missing product-market fit. Jin calls for crypto creators to build products that satisfy a wider variety of human needs, not solely financial ones. They believe this will facilitate wider adoption of crypto and create a richer online experience.

coindesk.com · 4 min

TLDR Crypto

DECISION ON VANECK, ARK ETHER ETFS

The SEC is evaluating filings for spot crypto ETFs from Franklin Templeton and Hashdex. It has delayed decisions on VanEck's and ARK’s ether ETF applications. The regulator has until late May 2024 to rule on these applications. It has also postponed deadlines for spot bitcoin ETF submissions from Ark 21Shares and Global X.

coindesk.com · 1 min

TLDR Crypto

CRYPTOCURRENCY EXCHANGE BINANCE TO EXIT RUSSIA

Binance is exiting Russia, selling its operations to newly-launched CommEX and ceasing all services in the coming months due to compliance issues, with no ongoing revenue shares or buyback options post-sale.

archive.ph · 2 min

TLDR Crypto

CRYPTO LENDER BLOCKFI GETS COURT NOD FOR PLAN TO REPAY CUSTOMERS

A US Bankruptcy Court approved BlockFi's liquidation plan, moving closer to repaying customers. However, the final payout still depends on BlockFi's legal outcomes with FTX and other firms.

cointelegraph.com · 1 min

TLDR Crypto

IDRIS ELBA IS READY TO TALK ABOUT CRYPTO

Idris Elba, cautious about the crypto frenzy during the bull run, recently partnered with Stellar Development Foundation to explore crypto's potential for financial inclusion.

wired.co.uk · 3 min