The Daily Index — Tuesday, November 21, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

COINDESK BOUGHT BY CRYPTO EXCHANGE BULLISH

Crypto news outlet CoinDesk announced it was being acquired by Bullish, a crypto exchange led by ex-NYSE president Tom Farley. CoinDesk's parent company DCG has been facing financial issues in the wake of the collapse of FTX. CoinDesk will function as an independent subsidiary with its current management. A new editorial committee will be launched, overseen by former Wall Street Journal editor-in-chief Matt Murray.

theverge.com · 2 min

TLDR Crypto

VEGA PROTOCOL UNVEILS DECENTRALIZED PERPETUALS ON LAYER 1 BLOCKCHAIN

Vega Protocol, a trading-focused blockchain, has introduced perpetual futures markets, a community-led feature where members can vote on the specific assets to be included. Previously, the settlements were limited to USDC or equivalent stablecoins, but now any ERC-20 token can be approved for settlements. The Vega Protocol has had over $850 million in trading volume so far.

theblock.co · 2 min

TLDR Crypto

THE ETHEREUM INVESTMENT FRAMEWORK (1 HOUR READ)

This report from Token Terminal provides in-depth information on Ethereum as an investment. It covers the historical context for open protocols, how they compare to the internet, what the business model of Ethereum is, what the tech stack looks like, tokenomics, valuation frameworks, and more.

tokenterminal.com

TLDR Crypto

LIBMEV - DATA METHODOLOGIES

This post describes how to dive deep into MEV and transactions on ETH. With the help of system-specific tools like cryo and reth, the process is likened to reverse-engineering a puzzle to effectively identify different types of bundles (independent, backrunning, frontrunning, and backrunning) and calculate vital information like ETH tipped, ETH burned, and estimated profit. Moreover, a post-processing pipeline corrects any potential anomalies, thus ensuring the reliability of the data.

crypticwoods.com · 10 min

TLDR Crypto

SEC SUES CRYPTO COMPANY KRAKEN FOR OPERATING UNREGISTERED EXCHANGE

The SEC has accused crypto firm Kraken of operating an unregistered securities exchange. The charges are yet another example of the SEC's ongoing crusade to enforce stricter regulations on cryptocurrencies. Kraken has refuted these allegations, maintaining that it does not list securities. The SEC's charges also include accusations of poor record-keeping practices and alleged commingling of the company's and customers' funds.

axios.com · 1 min

TLDR Crypto

A BASED THESIS

This article outlines the concept and potential advantages of using "based rollups" on the Ethereum blockchain as an alternative to the current rollup frameworks. Based rollups allow for better scalability and interoperability without relying on third-party middleware or sacrificing Ethereum's core properties. The author highlights the simplicity, improved security, and greater economic alignment of based rollups.

hackmd.io · 11 min

TLDR Crypto

TETHER FREEZES $225M LINKED TO HUMAN TRAFFICKING SYNDICATE AMID DOJ INVESTIGATION

Tether froze $225 million in stablecoins tied to a Southeast Asian human trafficking ring, marking the largest-ever stablecoin freeze unrelated to Tether customers.

coindesk.com · 1 min

TLDR Crypto

IMPENDING BITCOIN ETF… BUY THE RUMOR, BUY THE NEWS

Pantera Capital has released a report on whether it expects the approval of Bitcoin ETF applications to be a bullish or bearish event.

panteracapital.com · 22 min

TLDR Crypto

DON’T UNDERSTAND BITCOIN? IT'S JUST TALLY STICKS!

Bitcoin's distributed ledger technology, likened to medieval tally sticks in this post, embodies trust and verification principles, offering a secure, transparent ledger system for modern financial transactions.

notes.arkinfo.xyz · 8 min

TLDR Crypto

STATE OF CRYPTO 2023: SPOTLIGHT ON CRYPTO POLICY

Summary unavailable

a16zcrypto.com · 2 min