The Daily Index — Tuesday, December 5, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

CRYPTO.COM SECURES ELECTRONIC MONEY INSTITUTION LICENSE FROM UK FINANCIAL REGULATOR

Crypto.com obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority. The license allows the platform to issue electronic money and provide financial services, joining the ranks of other crypto firms like Coinbase and Gemini. This aligns with Crypto.com's extensive efforts to secure compliance registrations globally, aiming to expand its product offerings amid increased scrutiny on the crypto industry.

theblock.co · 2 min

TLDR Crypto

SOCGEN ISSUES GREEN EURO-DENOMINATED BOND ON ETHEREUM

French bank Societe Generale has issued its first green bond on Ethereum valued at approximately $10.8 million with a three-year maturity. Issued by the bank's crypto team, the tokenized bond offers greater transparency and traceability of transactions, including carbon footprint data. The bank is seemingly expanding its interests in digital assets as previously seen with their plans for an Ethereum-based euro-pegged stablecoin.

blockworks.co · 2 min

TLDR Crypto

MANTLE RELEASES LIQUID STAKING PROTOCOL, EXPANDING BEYOND LAYER-2 OPERATOR

Mantle, an Ethereum L2 project with a $2.3 billion treasury, has launched its new liquid staking protocol, Mantle LSP. The protocol, the second core product in the Mantle ecosystem, allows users to stake their ETH to receive $mETH tokens, which they can use to earn yield. The main Mantle Network, which was launched in July, currently holds over $220 million in deposits.

coindesk.com · 2 min

TLDR Crypto

CELESTIA: PIONEERING THE MODULAR BLOCKCHAIN REVOLUTION

This post gives a good introduction to Celestia, a recently launched modular blockchain, making waves with its unique design and functionality. Celestia is a first-of-its-kind modular blockchain network, designed for scalability and flexibility, utilizing Cosmos SDK and Tendermint consensus. It optimizes for data availability and supports diverse applications, including DeFi, through its unique architecture and innovative use cases like rollups and decentralized sequencers.

cryptopragmatist.com · 10 min

TLDR Crypto

ZERO-KNOWLEDGE PROOFS IN PLAIN ENGLISH

This guide breaks down zero-knowledge proofs for beginners. ZKPs allow a party to prove knowledge of a secret without sharing it. Its two key benefits in blockchain tech are offering privacy in open networks and reducing computational load on the network. Despite being relatively complex, ZKPs are being leveraged for a wide range of use cases, applications, and protocols.

mirror.xyz · 9 min

TLDR Crypto

WHAT ONCHAIN APPS ENABLE

This blog post explains how putting data or resources on-chain can reveal patterns of user behavior across time and applications. This aggregated metadata, or metagraph, allows for expanded consumer engagement, from identifying superusers to creating more personalized experiences. These benefits give on-chain apps advantages and use cases that off-chain apps could never have.

backoftheenvelope.substack.com · 8 min

TLDR Crypto

CHARTING HISTORY'S RHYME: UNDERSTANDING THE CYCLICALITY OF CRYPTO MARKETS

This analysis delves into the cyclicality of the crypto market, focusing on Bitcoin. The current cycle, which is the sixth, has been ongoing for just over a year. The market seems to be in the middle phase of a median-duration bull cycle, if it follows similar patterns from the past. The current Bitcoin cycle has been relatively smooth in comparison to previous cycles, though it's likely to see at least 10 more corrections before reaching the cycle's peak if the past is a guide. The post also dives into some of the other factors affecting the Bitcoin cycle and crypto cycles in general.

thedefiant.io · 10 min

TLDR Crypto

RESTAKING AND SHARED SECURITY - THE FUTURE OF BLOCKCHAIN INFRASTRUCTURE?

This post delves into how crypto is evolving towards modular architectures, with examples in Cosmos and Ethereum, where separate trust networks and middleware like oracles and indexing enhance functionality and interoperability.

mirror.xyz · 6 min

TLDR Crypto

JITO AIRDROP DETAILS

Jito announced details around user eligibility for its airdrop, giving a detailed description of the different tiers and token allocations users can expect.

twitter.com · 2 min

TLDR Crypto

ON STABLECOIN FLOWS

This thread gives a good overview of what is going on with stablecoins, often a leading indicator for the market, and even breaks the flows down by ecosystem.

twitter.com · 2 min

TLDR Crypto

A WAKE-UP CALL TO PUBLIC-FACING CRYPTO PEOPLE

Alex Masmej, CEO of Showtime Technologies, was recently given a scare when FBI agents reached him by phone. He later found out he was the target of a sophisticated cybercrime attack. Masmej provides some helpful suggestions and takeaways from the experience in this thread.

twitter.com · 4 min