The Daily Index — Monday, December 18, 2023 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

SALES OF SOLANA PHONE SURGE AS TRADERS CHASE BONK ARBITRAGE

Solana’s founder Anatoly Yakovenko was recently on a podcast with Laura Shin to discuss the disappointing performance of the Solana Saga Phone initiative. With sales lagging, he said the project was ‘under internal discussions’. Then, as BONK’s price surged on the news of its listing on Coinbase, an arbitrage opportunity arose. The first batch of Saga phones came with a 30M BONK token claim. Originally, this was only worth ~$10. As BONK’s price rose, these tokens were worth up to as much as $1,000. With the price of the phone at only $600, this created a $400 arbitrage opportunity. Within hours of the arbitrage opportunity appearing, the remaining Saga phone supply was sold out.

coindesk.com · 2 min

TLDR Crypto

JUPITER AIRDROP SET FOR JANUARY WITH A BILLION JUP FOR SOLANA DEFI USERS

Jupiter, the main DeFi aggregator on Solana, announced that its airdrop will be taking place in January. Pseudonymous founder Meow announced that 40% of the 10 billion JUP tokens will be distributed to community members via four airdrops, with the first to release 1 billion JUP tokens. An additional 10% of the total JUP supply will also be allotted for community contributors and grants.

decrypt.co · 3 min

TLDR Crypto

MEET REACH: THE SOCIALFI STARTUP TACKLING TWITTER’S ALGORITHM AND BOT PROBLEM

SocialFi startup Reach has announced the full launch of its Ethereum-powered protocol aimed at combating Twitter bot engagement within the crypto market. Having raised $1M in funds from Crypto Twitter personalities like Seedphrase and Pranksy, the platform incentivizes quality engagement by monetizing and authenticating community-oriented "missions". Reach also plans to offer mission-issuing capabilities to other crypto communities via a Discord bot. The REACH token and protocol will launch publicly on December 18.

coinunited.io · 3 min

TLDR Crypto

INJECTIVE ECOSYSTEM AIRDROP GUIDE

The Injective ecosystem, sometimes referred to as a 'Solana killer,' has been one of the top-performing L1s this year. The network is recognized for its user-friendly solutions and trading algorithms. This thread provides a guide for Injective users on potential airdrops from different protocols in the ecosystem. It walks through several different protocols and what users could do to qualify for potential airdrops.

twitter.com · 5 min

TLDR Crypto

THE GAS LAYERZERO REFUEL BRIDGE

The Gas LayerZero Refuel Bridge is built on the LayerZero Labs protocol. The bridge enables users to bridge across 37 blockchain networks with a single inbound transaction. Its gas-optimized contracts save users significant time, money, and effort. A link to the bridge is available in the thread.

twitter.com · 1 min

TLDR Crypto

TETHER ONBOARDED FBI TO ITS PLATFORM AS PART OF LAW ENFORCEMENT COLLABORATION

Tether, the leading stablecoin issuer, has reportedly developed a comprehensive anti-money laundering and counter-terrorist financing system. According to letters to US lawmakers, Tether uses rigorous KYC processes, continuously monitors transactions, and collaborates with law enforcement agencies like the FBI to identify and halt illegal activities. Furthermore, a recent policy allows for the freezing of wallets connected to sanctioned individuals.

tokeninsight.com · 1 min

TLDR Crypto

DELPHI DIGITAL’S YEAR AHEAD FOR NFTS

This thread from Delphi Digital provides a summary of the firm’s outlook for NFTs in 2024. After a downturn in trading activity throughout 2023, recent volume increases suggest the market may be rebounding. Three main drivers are expected to fuel this recovery: the mainstream acceptance of NFT character brands and gaming, major consumer brands entering the web3 space, and the launch of innovative consumer products using NFTs.

twitter.com · 2 min

TLDR Crypto

AN EXPLANATION OF THE NFT TRADER EXPLOIT THAT RESULTED IN MILLIONS IN STOLEN NFTS

Just one day after a widespread exploit of Ledger’s Wallet Connect software, a hacker took advantage of a bug in an NFT Trader contract, stealing millions of dollars worth of Bored Ape assets.

twitter.com · 3 min

TLDR Crypto

EX-AMAZON ENGINEER PLEADS GUILTY TO HACKING CRYPTO EXCHANGES

Former Amazon engineer Shakeeb Ahmed pleaded guilty to hacking two crypto exchanges, stealing over $12.3 million using his blockchain skills. Ahmed faces sentencing in March 2024.

bleepingcomputer.com · 2 min

TLDR Crypto

COINBASE FILES PETITION FOR REVIEW AFTER SEC REJECTS RULEMAKING PETITION

Coinbase is legally challenging the SEC after the agency denied the firm’s 2022 rulemaking petition, asserting that the denial constitutes an abuse of discretion and contrary to law.

blockworks.co · 2 min

TLDR Crypto

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