The Daily Index — Thursday, November 2, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

SAFEMOON ACCUSED OF SECURITIES FRAUD IN SEC LAWSUIT

The SEC has sued crypto firm SafeMoon and its senior officials for allegedly running a fraudulent scheme. The accused parties reportedly falsely guaranteed token liquidity and misused funds for personal luxuries. On top of the reported fraud, the SEC alleges SafeMoon's token fulfills the Howey Test's criteria, making it a securities offering.

blockworks.co · 2 min

TLDR Crypto

DEBRIDGE IAAS: A TURNKEY SOLUTION FOR EVM & SVM CROSS-CHAIN INTEROPERABILITY WITH NEON LABS AS FIRST PARTNER

DeBridge has introduced Interoperability-as-a-Service (IaaS), a service enabling total cross-chain interoperability for EVM and SVM blockchain ecosystems, with Neon Labs as its first user. The IaaS addresses three pillars of interoperability: cross-chain asset custody, authenticated message transfers, and high-performance value exchange. Operating on a subscription basis, the service can make any blockchain instantly accessible from any EVM or SVM chain.

debridge.finance · 2 min

TLDR Crypto

CUBIST, LED BY COMPUTER SCIENCE PROFESSORS, RELEASES WALLET-AS-A-SERVICE 'CUBESIGNER'

Cubist has launched its new "wallet-as-a-service" product, CubeSigner, co-developed by professors from Carnegie Mellon University and the University of California San Diego. CubeSigner is designed to provide security for account keys, preventing accidental leaks or thefts. The new service, modifiable for any blockchain, is intended to help developers easily launch wallets.

coindesk.com · 3 min

TLDR Crypto

USER OPS PER SECOND VS. TPS

The traditional measure of blockchain throughput, Transactions per Second, is increasingly unreliable due to bundled transactions. User Operations per Second (UOPS) captures the number of user operations within each transaction, whether they're individual tasks or grouped within bundles. This method may offer a more accurate comparison of blockchain utilization across different platforms and technologies, given the variety of architectures and data models that are now starting to pop up across different chains.

twitter.com · 4 min

TLDR Crypto

INJECTIVE ECOSYSTEM RESEARCH

Injective has been gaining steam lately. This report attempts to break down both the good and bad in the ecosystem. Injective’s Token Burn 2.0 initiative is creating supply scarcity, showing a promising tokenomic model. On the other hand, the platform currently lacks a thriving DeFi ecosystem, causing a potential issue with user retention. The report provides ideas about how the protocol could capitalize on its strengths and improve some of its weaknesses.

twitter.com · 7 min

TLDR Crypto

IS CRYPTO LIKE THE EARLY INTERNET?

This blog post discusses the parallels between the evolution of the internet and the ongoing development of cryptocurrency and blockchain technology. The author points out the similarities in network structures, the struggle for open vs. closed systems, and the potential for a financial bubble. The post further emphasizes the importance of key historical internet figures, such as Marc Andreessen, in shaping the future of tech innovation, including the world of crypto.

cryptopragmatist.com · 7 min

TLDR Crypto

ACCOUNT ABSTRACTION: THE TRUE PATH TO MASS BLOCKCHAIN ADOPTION

Blockchain technology can be intimidating for beginners due to complex account setup and management processes. This article discusses the challenges posed by Externally Owned Accounts and the use of Seed Phrases. It proposes Account Abstraction as a solution that simplifies blockchain use, making it more accessible to a wider range of users. With increased security and flexibility, Account Abstraction can improve the user experience, thus hastening mass blockchain adoption. The article provides examples of the application of Account Abstraction in sectors like gaming, investment, and corporate businesses.

mirror.xyz · 10 min

TLDR Crypto

SOLANA FUNDAMENTALS

Solana has been on a tear, up around 80% in 3 weeks. This thread breaks down some of the fundamentals and analyzes whether they reflect the same growth as the price of the token.

twitter.com · 1 min

TLDR Crypto

MICROSTRATEGY BOUGHT MORE BITCOIN IN OCTOBER AS ASSET GAINED VALUE

MicroStrategy reported its earnings, which included an update on additions to its Bitcoin treasury (now sitting at 158,400 bitcoins), putting its total unrealized profits at over $900m.

theblock.co · 2 min

TLDR Crypto

HSBC ADDS FUEL TO TOKENIZATION FIRE WITH GOLD-FOCUSED OFFERING

HSBC has launched a tokenization platform for gold, offering digital tokens representing physical gold holdings. Yet another example of growing interest in real-world asset tokenization.

blockworks.co · 2 min

TLDR Crypto

DRAWTECH: THE (FIRST EVER!) FULLY ONCHAIN MOBILE GAME

Small Brain Games has launched Drawtech, a fully on-chain mobile game that allows players to color tiles on a shared canvas and earn rewards based on the tiles they own.

twitter.com · 2 min