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TLDR Crypto

GENSLER SAYS SEC'S 'NEW LOOK' AT SPOT BITCOIN ETF APPLICATIONS HAS INVOLVED RECENT COURT RULINGS

The SEC is reportedly reconsidering spot bitcoin ETF applications in light of recent court rulings, according to SEC Chair Gary Gensler. The reconsideration comes on the heels of a court order requiring a review of Grayscale Investment's bid for a spot bitcoin ETF. In addition to Grayscale, over a dozen applications from major firms like BlackRock and Fidelity are currently under review.

ASTRIA EVM: AN EVM ROLLUP POWERED BY THE SHARED SEQUENCER NETWORK

Astria has introduced the Astria EVM, a symbolic virtual machine rollup powered by a shared sequencer network, aimed at serving as Celestia's activity center. Overcoming existing EVM limitations, it incorporates fast and reliable block production. Currently live on the Dusknet-2 devnet, the EVM has been integrated into Dora's multichain search engine. Astria is inviting developers to test the protocol out while on devnet.

WHEN TO SELL YOUR BLOCKS

This post discusses proposer-builder separation auctions, specifically comparing early auctions to just-in-time ones like MEV-Boost. Early auctions sell the right to produce a block prior to its creation. The post paints potential bidders as dominant CEX-DEX arbitrageurs due to high capital requirements, risk management, and less information during early auctions. The impact on users could be beneficial, with features like pre-confirmations, or potentially negative, with challenges like monopoly pricing. Ultimately though, the benefits of early auctions over JIT ones remain unclear.

BUILDING IN THE DARK: MAPPING THE CURRENT CRYPTO PRIVACY LANDSCAPE

This article lays out how current application builders in the crypto space are focusing on solutions that prioritize privacy as data breach concerns continue to grow. New app challengers are rising with privacy-first options, like encrypted messaging apps. The article also presents a detailed comparison among popular privacy technologies including Trusted Execution Environments, Zero Knowledge, Multi-party Computation, and Fully Homomorphic Encryption, each with its own pros and cons.

THE FUTURE OF DIGITAL IDENTITY

This article analyzes the impact of cryptographic technologies like ZK, FHE, MPC, and TEEs on the digital identity landscape. It delves into how the self-custody of personal data and attestation could change with these technologies. The piece also acknowledges challenges in standardizing these fast-developing technologies but envisions a future with decentralized control of digital identities. It concludes by highlighting research areas concerning digital identity, primarily privacy and inclusivity.

ORACLES AND THE NEW FRONTIER FOR APPLICATION-OWNED ORDERFLOW AUCTIONS

This post from Multicoin lays out the firm’s thesis on Pyth Network, an oracle protocol on Solana. While it focuses on Pyth, the analysis can be broadly applied to the oracle landscape in general. Its uniqueness lies within its first-party data, which is directly provided by market makers and trading desks instead of third-party aggregators. This results in less latent, high-quality data brought on-chain. Launched in 2021, Pyth currently delivers data to over 45 different chains and is responsible for securing over $1.7B in value across many prominent protocols in the crypto industry.

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