The Daily Index — Monday, January 8, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

CELSIUS TO UNSTAKE THOUSANDS OF ETHER, POSSIBLY EASING ETH SELLING PRESSURE

Crypto lender Celsius, amidst bankruptcy restructuring, plans to unstake its significant ETH holdings. This move could influence ETH's market performance due to the frequent selling of staking rewards. Crypto wallets linked to Celsius have staked over $151 million worth of ether. Outflow data shows Celsius sent over 30,000 ETH to a custodian in the past week.

coindesk.com · 2 min

TLDR Crypto

MANTA ANNOUNCES AN AIRDROP

Manta Network, an L2, is airdropping 50M MANTA tokens to people who have contributed to the ecosystem over the last 3 years. 30M tokens will be released in the initial airdrop, while 20M will be released as a “play-to-airdrop” bonus. A link to a page to check eligibility is available.

twitter.com · 2 min

TLDR Crypto

UNISWAP NOW SUPPORTS EIP-6963

EIP-6963 introduces a communication channel between wallets and apps, making the experience of changing wallets smoother. It is now live on the Uniswap interface, making it easier than ever to switch between wallets. Users can smoothly swap wallets no matter how many they have.

twitter.com · 3 min

TLDR Crypto

SIGNPOSTS

This post details why Bitcoin may be due for a 20-30% correction in March. It highlights the drawdown of the Fed’s reverse repo program and the expiration of the Bank Term Funding Program on March 12th. Bitcoin will likely rebound before the Fed meeting on March 20th.

cryptohayes.substack.com · 15 min

TLDR Crypto

BEST PRACTICE SETUP FOR NORMAL PEOPLE

A breakdown of how a relatively average investor can best set themselves up for success this cycle, but with lessons that everyone can benefit from. It is written for people who will transact over $10,000 on Ethereum but less than $1 million. The guide shows normal people how to set up on the Ethereum mainnet. The setup requires a laptop, a browser, a hot wallet, and a Trezor Model T.

twitter.com · 18 min

TLDR Crypto

STATE OF DEPIN 2023

Decentralized Physical Infrastructure (DePIN) is one of the hottest narratives going into 2024. This report provides an in-depth analysis of the DePIN space throughout 2023 along with a look into what’s likely in store for DePIN for 2024. It puts particular emphasis on DePIN’s potential integrations with ZK technology, memecoins, onchain AI, and onchain gaming.

messari.io · 53 min

TLDR Crypto

CORRECTLY PRICING BLOCKSPACE IN A CASUALLY PARALLEL WORLD

This piece explores the complexities of pricing blockspace in a parallelized EVM, emphasizing the challenges of aligning computational efficiency with economic incentives. It discusses the role of causality in both computation and economic layers, highlighting how it enables parallelization and affects transaction ordering and pricing, especially in relation to MEV.

blog.20squares.xyz · 10 min

TLDR Crypto

COINBASE PLANS ACQUISITION TO EXPAND DERIVATIVES OFFERING IN EU

Coinbase is in the process of acquiring a MiFID-licensed entity based in Cyprus to expand its cryptocurrency derivatives offerings in the EU, subject to regulatory approval.

theblock.co · 1 min

TLDR Crypto

COINBASE APP RANK (X ACCOUNT)

A twice-a-day update on Coinbase’s app ranking in the Apple App Store that can be used as a bull/bear indicator.

twitter.com

TLDR Crypto

CRYPTO HACK LOSSES DECLINED 51% IN 2023

Over $1.8 billion in digital assets was lost across 751 security incidents in 2023, 51% lower than 2022’s $3.7 billion.

cointelegraph.com · 2 min

TLDR Crypto

IN-PERSON BUSINESSES ACCEPTING BITCOIN NEARLY TRIPLED IN 2023

The number of in-person merchants who accept bitcoin is now over 6,300, nearly three times more than in 2022.

theblock.co · 1 min

TLDR Crypto

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