Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

ZKP2P: THE FIRST TRUSTLESS FIAT-TO-CRYPTO ONRAMP POWERED BY ZERO-KNOWLEDGE PROOFS

ZKP2P, the first trustless fiat-to-crypto onramp powered by zero-knowledge proofs, has been launched in alpha. The platform will offer swift, affordable, and permissionless conversions from USD to USDC, with a limit of $250 every six hours. Built on a decentralized front end, it allows any smart contract to take liquidity. Users can opt-in for its proving service but it's not required. Future plans include expanding to more payment services and gasless onboarding.

FHE-ROLLUPS: SCALING CONFIDENTIAL SMART CONTRACTS ON ETHEREUM AND BEYOND

Fhenix’s newly released whitepaper details a more scalable solution for executing confidential smart contracts known as Fully Homomorphic Encryption (FHE) Rollups. This system, which enhances the efficiency of confidential smart contracts, doesn't require all nodes in a network to execute FHE computations to reach a consensus over the encrypted state, unlike current methods. Fhenix's design adopts an optimistic rollup approach, avoiding the computational penalty caused by current verifiable FHE techniques. This development could enable the most commonly used smart contract ecosystems to be augmented with confidential smart contracts.

WEN ETF?

The anticipation of a Bitcoin ETF has been driving the mini-bull market over the past few months. An ETF could bring billions into the crypto ecosystem, akin to Gold ETFs which made gold access and storage easy for US customers. The market has been highly sensitive to questions around the timing and likelihood of these approvals going through. This guide breaks down the different relevant dates for each of the current Spot Bitcoin ETF applications under review at the moment.

BLUR RESEARCH REPORT

NFT trading volume has spiked in recent weeks, with most of the activity happening on Blur, likely in anticipation of its upcoming season of airdrops. Research firm Revelo Intel provides an update on Blur and a thesis for its token in this thread. Blur's approach, focusing on professional NFT traders' needs, has led to improved overall NFT market efficiency and liquidity. The next step for Blur in improving token utility might be governance voting with discussions about using platform profits for token buybacks and burns.

HOW PARALLEL COLONY IS BRINGING AI GAMING ON-CHAIN

Parallel Colony is pioneering a shift in gaming with a gaming experiment powered by AI on-chain. Based on Stanford and Google research, the game uses AI-powered avatars that evolve in a simulated colony using Parallel's native token, PRIME. Notably, these avatars, being NFTs, can function as wallets, accumulating and managing their own game assets. The avatars, created by customizing a large language model, have dynamic life histories affected by AI and human interactions.

ARE WE HEADING INTO A SOLANA BULL MARKET?

The Solana ecosystem has shown real resilience through a brutal bear market, with the price of its token, SOL, 6xing from the lows so far. This comeback has been driven by a surge in developer and institutional interest, despite previous setbacks from a close association with FTX. Key indicators show Solana's resilience, including a significant rise in TVL and an increase in users. However, occasional network outages and potential security issues could be potential roadblocks in its path to challenge Ethereum as the main L1 ecosystem.

TLDR IndexPage 6