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THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

HONG KONG SECURITIES TRADE GROUP PROPOSES INITIAL COIN OFFERING PORTAL

The Hong Kong Securities & Futures Professionals Association has proposed creating an ICO portal for the city. ICOs emerged as a fundraising method after Ethereum launched in 2015 but later faced a crackdown due to violations of securities rules. Given the shifting market sentiment and the competition amongst cities to become crypto hubs, some jurisdictions are reconsidering their harsh stances on ICOs.

RARIBLE’S RARI FOUNDATION TAPS ARBITRUM FOR ROYALTY-EMBEDDED EVM CHAIN

Rarible's nonprofit arm, the RARI Foundation, has launched a beta for a new blockchain, RARI Chain, which is an EVM chain that has royalties directly integrated. Built on Arbitrum, RARI Chain is designed to become an NFT infrastructure solution. This development aligns with Rarible’s recent focus on royalty enforcement, which has set it apart from marketplaces that don't support or enforce royalties.

A COMPARATIVE ANALYSIS OF DECENTRALIZED SOCIAL PROTOCOLS

Social media platforms, traditionally based on commercial motives, have greatly dampened the expected participatory culture on the internet. However, decentralized and alternative social media platforms may offer a return to a democratic cultural production online, where data is user-controlled, community-driven, and innovation is open source. This post highlights some of the similarities and differences between existing decentralized social protocols.

CRYPTO ECONOMY SNAPSHOT: NOVEMBER 2023

While November was a mostly positive month in terms of price for crypto assets, the Flipside Crypto Economy Snapshot revealed a more mixed performance, with DEX transaction volumes showing instability due to SEC actions on Binance and Kraken and ETF-related rumors. Despite a 20% drop from the month's start, there was a 13% growth in TVL across the board. This overview of the crypto economy shows Ethereum L2s outperforming direct competitors in new smart contract deployments.

“UNHINGED” KYBER HACKER DEMANDS COMPLETE CONTROL OVER THE DEX

The hacker behind the KyberSwap hack that resulted in a loss of $48 million has come back to the table and demanded complete control of the DEX. In an unusual move, the hacker demanded all company documentation, control over the KyberDAO, and forfeiture of all assets. They have also proposed structural changes, promising to double employees' salaries and refund 50% of market-making losses. The hacker has given a deadline of December 10 for these demands to be met.

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