The Daily Index — Thursday, December 7, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

GRAYSCALE CEO SAYS HE'S FEELING OPTIMISTIC FOLLOWING CONVERSATIONS WITH THE SEC ABOUT A SPOT BITCOIN ETF

Grayscale CEO Michael Sonnenshein stated that he remains optimistic about a potential bitcoin ETF approval following discussions with the SEC. Although the timeline has not been set, the firm believes that the SEC's questions suggest progress on their end. Along with apparent progress on BlackRock’s ETF application, many experts are expecting approvals to come within the next month.

theblock.co · 2 min

TLDR Crypto

MERIT CIRCLE BRINGS IMMUTABLE ZKEVM INTO BEAM CRYPTO GAMING ECOSYSTEM

Merit Circle DAO's tech stack and Sphere NFT marketplace, initially launched on Avalanche, will now also be available on Immutable's upcoming zkEVM network powered by Polygon. This expansion adheres to Merit Circle's chain-agnostic approach. The gaming-focused group is also contemplating investments in games and studios using Immutable.

decrypt.co · 3 min

TLDR Crypto

AEVO SAVINGS COLLATERAL

Cryptocurrency derivatives exchange Aevo has introduced aeUSD, the first yield-generating, stables-denominated collateral asset. aeUSD allows users to generate 4.75% APY on their exchange margin while trading with 20x leverage. aeUSD, using an ERC-4626 asset model based on Aevo, provides yield by depositing into Maker DAO's Dai Savings Rate module, providing an innovative solution for enhanced capital efficiency.

twitter.com · 2 min

TLDR Crypto

A FEW OF THE THINGS A16Z IS EXCITED ABOUT IN CRYPTO (2024)

This piece from a16z provides an outline of what to look forward to in 2024, including transformations in the crypto user experience, the rise of modular tech stacks, the integration of AI with blockchain, the implications of AI developments in gaming, and formal verification for software development. It also touches on the changing financial dynamics in gaming, the evolution of NFTs in branding, and the increasing use of SNARKs in verifying computational workloads.

a16zcrypto.com · 9 min

TLDR Crypto

SOLANA THESIS – THE FASTEST HORSE RISES FROM THE ASHES

This post from a firm that took a large position in Solana earlier this year lays out an in-depth thesis on Solana. The blockchain platform’s potential to scale and become a dominant player in the L1 race, despite major setbacks such as the collapse of FTX, is, according to this author, still undervalued.

syncracy.io · 32 min

TLDR Crypto

WHY MONETIZE PROTOCOLS?

This post makes an argument for monetizing protocols and why builders should consider this versus free-to-use protocols. The benefits of monetization include improved governance, as it allows a broader community to influence the protocol's future, while also preventing any one party from seizing control. Monetization can also help manage harmful players or applications by incentivizing compliance and deterring non-adherence.

avc.xyz · 2 min

TLDR Crypto

REVISITING BORDERLESS PAYMENTS

This article takes a look at how blockchains are revolutionizing cross-border payments. Despite challenges in creating scalable consumer platforms, the demand for cross-border payments reached $190 trillion in 2023. While smaller, geo-specific solutions exist, regulatory confines limit their reach. With grassroots adoption in lower middle income countries, crypto is showing real promise as a killer use case to break through these borders.

bridgeharris.substack.com · 10 min

TLDR Crypto

DOGECOIN FUNDED SPACEX ‘DOGE-1’ MOON MISSION GETS A STEP CLOSER TO LAUNCH

The DOGE-1 moon mission, funded by Dogecoin and developed by Geometric Energy Corporation, received key NTIA approval, moving closer to a SpaceX Falcon 9 launch.

coindesk.com · 2 min

TLDR Crypto

WHY CRYPTO WILL UNLOCK A NEW WAVE OF BILLION-DOLLAR PHYSICAL INFRASTRUCTURE NETWORKS

DePINs, decentralized networks combining infrastructure with token incentives, address key centralized infrastructure issues, offering advantages in capital formation, immediate cash flows, and value-growing tokens.

6thman.ventures · 10 min

TLDR Crypto

JPMORGAN CEO JAMIE DIMON TELLS SEN. ELIZABETH WARREN THAT GOVERNMENT SHOULD SHUT DOWN CRYPTO

JPMorgan Chase CEO Jamie Dimon caused a stir yesterday as he claimed that if he were the government, he’d shut bitcoin and crypto down.

theblock.co · 2 min

TLDR Crypto

CZ'S GUILTY PLEA ACCEPTED BY JUDGE, HAS YET TO DECIDE IF BINANCE FOUNDER CAN GO HOME

Binance founder CZ pled guilty to violating the Bank Secrecy Act, with sentencing scheduled for February 2023. He's been released on bond until then.

coindesk.com · 2 min