The Daily Index — Tuesday, January 30, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

JPMORGAN SAYS GBTC OUTFLOWS ‘CONTINUE TO SLOW’

According to JPMorgan analysts, Grayscale’s outflows have slowed down. Inflows into BlackRock’s Bitcoin ETF have also decelerated. This decrease in overall volumes could be a signal that the hype around the ETFs is beginning to die down and we are entering a more steady-state environment.

blockworks.co · 2 min

TLDR Crypto

MAGIC EDEN LAUNCHES MULTI-CHAIN WALLET FOR SOLANA, BITCOIN, POLYGON, AND ETHEREUM

Magic Eden has unveiled a self-custodial, multi-chain wallet with Solana, Bitcoin, Polygon, and Ethereum support. Created in partnership with Exodus, the wallet facilitates cross-chain swaps, NFT portfolio management, and direct wallet-based NFT trading. To further encourage user adoption, Magic Eden will be offering in-wallet mints of select NFT projects and other benefits.

theblock.co · 4 min

TLDR Crypto

OKX STARTS INSCRIPTION SUPPORT FOR ATOMICALS, STAMPS, RUNES, AND DOGINALS

Crypto exchange OKX is rolling out inscription support across several chains: Atomicals (ARC-20), Stamps (SRC-20), Runes, and Dogecoin's Doginals (DRC-20). In conjunction with this announcement, OKX also announced plans to unveil a marketplace for these assets after the integration. Inscriptions, comparable but not identical to NFTs, have captured the attention of the crypto ecosystem after having started on Bitcoin. They have since been introduced on almost every other chain where it is possible to do so.

coindesk.com · 3 min

TLDR Crypto

ORDERBLOCKS EXPLAINED

This thread discusses the mechanics of Orderblocks and liquidity gaps in trading while dispelling myths around market manipulation. Markets react at these points due to order-splitting, where large traders leave resting orders at high volume spots which then act as support/resistance. These trends occur across markets and timeframes. Investors should consider market behavior upon retest for insight into buyer activities.

twitter.com · 3 min

TLDR Crypto

ULTIMATE GUIDE ON HOW TO SNIPE ON ANY CHAIN

Savvy traders have recently been seeing massive gains by "sniping" new tokens such as $WEN. This is done through the use of token sniping bots, data monitoring tools, and recognizing the right time to execute sniping strategies. This thread explains how you can start sniping tokens too.

twitter.com · 2 min

TLDR Crypto

HOW BLOCKCHAINS COULD SAVE THE INTERNET

a16z partner Chris Dixon’s new book 'Read Write Own: Building the Next Era of the Internet' is out. It presents Dixon's vision of a fairer, more decentralized internet. Instead of focusing on the volatile speculation side of crypto, Dixon expounds on blockchain’s ability to empower users, foster competition, and prevent monopolies, creating a dynamic online economy for creators and small businesses.

fastcompany.com · 6 min

TLDR Crypto

THE RISE AND FALL OF OPENSEA

This thread details the rise and fall of OpenSea, once valued at $13.3 billion. The NFT market has been brutal, especially with the entrance of a fast-moving competitor, Blur, onto the scene. Blur focused on features that would attract professional traders, who make up a majority of the transaction volume in the NFT ecosystem. OpenSea has raised hundreds of millions in funds and is seeing dwindling volumes - its future seems to be more questionable now than ever before.

twitter.com · 2 min

TLDR Crypto

GOOGLE ENDS FIVE-YEAR BAN ON CRYPTO ADS, AS BITCOIN ETF ADS POP UP

Google is now allowing advertising for specific crypto-related offerings, like spot Bitcoin ETFs by BlackRock and VanEck, reversing its 2018 ban and potentially increasing ETF visibility.

crypto.news · 2 min

TLDR Crypto

SOCIALFI APP FARCASTER’S ACTIVITY SPIKES AFTER LAUNCHING FRAMES FEATURE

Farcaster's new "Frames" feature, which enables interactive posts, has driven its daily active users past 10,000.

thedefiant.io · 2 min

TLDR Crypto

INVESCO CUTS BITCOIN ETF FEE IN A BID TO LURE INVESTORS

Invesco and Galaxy Asset Management have reduced the fees on their spot bitcoin ETF from 0.39% to 0.25% to attract investors and compete with peers.

coindesk.com · 2 min

TLDR Crypto

HOW TO MAKE YOUR OWN FRAME ON FARCASTER

This thread walks you through a simple process to create your own Frame on Farcaster. It includes links to helpful resources and documentation on this newly released feature.

twitter.com · 1 min

TLDR Crypto

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