Daily Edition · Page 1

THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

NORTH AMERICA LEADS WORLD IN CRYPTO USAGE DESPITE ONGOING REGULATORY QUESTIONS, WHILE STABLECOIN ACTIVITY SHIFTS AWAY FROM U.S. SERVICES

The North American crypto market, driven mainly by the US and Canada, generated $1.2 trillion worth of on-chain value between July 2022 and June 2023, accounting for 24.4% of global transactions. This region mostly consists of institutional activity, with almost 77% of transaction volume coming from trades over $1 million. The report also cited less stablecoin usage and a decrease in DeFi adoption, which could be due to market volatility and regulatory uncertainty.

LET'S HAVE THREE ABSTRACTION LAYERS

This author presents the concept of three abstraction layers: Nature, Middle, and Human. These layers correspond to different levels of engagement and problem-solving, with Nature being the physical laws, Middle involving technical tasks, and Human focusing on user-friendly interactions. The author emphasizes the importance of recognizing which layer you are operating on to make informed decisions and avoid over-optimization or ignoring necessary abstractions.

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