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TLDR Crypto

CITREA: BITCOIN’S FIRST ZK ROLLUP

Citrea announced a zero knowledge Bitcoin rollup that scales Bitcoin entirely through the use of zk proofs for on-chain verifiability within the network. It aims to upgrade Bitcoin without compromising its security or rewiring its consensus rules. Unlike sidechains, Citrea focuses on effectively utilizing Bitcoin blockspace, considering the constantly increasing demand for it. Citrea is yet another step towards scaling Bitcoin, which has come into focus as of late with the success of innovative Bitcoin tech like Ordinals.

BOOST: A DISTRIBUTED INCENTIVES NETWORK

The RabbitHole and Quest brands are merging to form a new platform, Boost, a distributed incentives network. The rebranded entity is focused on effectively distributing token incentives as a growth mechanism for protocols. Boost plans to function as the incentive layer across all chains, with the ability to track any on-chain transaction for their incentive systems. Beyond just the rebranding, Boost will also be launching its own L2 to be the decentralized hub for the network.

ERC404: EVERYTHING WE KNOW SO FAR ABOUT PANDORA

Pandora, a newly launched crypto token leveraging the new ERC404 standard, is causing a stir in the space. This blog breaks down what an ERC404 token is and why it’s interesting. Contrasting with traditional ERC20 (fungible tokens) and ERC721 (NFTs) standards, ERC404 establishes a hybrid between both types. 1 PANDORA consists of both a fungible token and an NFT giving optionality to the owner that includes fractionalization. It also unlocks some unique mechanics that were not possible with either traditional token standard before.

SPECULATION: THE UNSEEN COMPUTER

This article tackles the topic of speculation in crypto and how it differs from pure gambling. Speculation functions as a method for handling uncertainties due to incomplete data, thus driving both human progress and markets, whereas gambling mimics speculation, which can be seen as detrimental when used on a large enough scale. The piece encourages the development of economies within our current infrastructure rather than incentivizing zero-sum gambling.

U.S. SEC CLEARS 'DEALER' RULE EXPANSION THAT COULD ROPE IN DEFI

The SEC has expanded the definition of a 'dealer' in an attempt to bring more financial operations, including those dealing in crypto securities, under its jurisdiction. This 'dealer' rule could have significant implications for the digital assets industry, particularly DeFi. Unless exempted, those trading in a manner consistent with de facto market-making must register as dealers. The rule, opposed by some SEC Commissioners, officially goes into full effect in April 2025.

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