The Daily Index — Friday, March 8, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

SEC PUSHES BACK TIMELINE ON BLACKROCK'S SPOT BITCOIN ETF OPTIONS TRADING APPLICATION

The SEC will delay its decision to approve or disapprove options trading for BlackRock's bitcoin ETF until April 24, allowing for more time to consider the proposal. It has also delayed decisions on allowing Cboe and Miax Pearl to list and trade options on spot bitcoin ETFs, with their deadlines set for the same date.

theblock.co · 2 min

TLDR Crypto

AM-AMM: AN AUCTION-MANAGED AUTOMATED MARKET MAKER

This paper describes a pioneering design for Automated Market Makers called Auction-Managed AMMs. Addressing informed trader loss and uninformed trader fee revenue optimization issues, this concept allows players to bid to manage pools and dynamically adjust swap fees. The design optimizes transaction fees, benefiting liquidity providers and retail investors and potentially attracting more liquidity than traditional AMMs, thereby enhancing efficiency on DeFi platforms.

arxiv.org · 25 min

TLDR Crypto

BINANCE WILL LET USERS BET ON FUTURES PLATFORM TOKEN LISTINGS

Binance has launched a new platform, Futures NEXT, that incentivizes users to accurately predict the next tokens to be listed on its futures exchange. Users can nominate tokens and place bets on them, with successful predictions rewarded through vouchers for futures trading or fee rebates. Binance ensured users that this platform will not influence token listings and is independent of its listing process.

theblock.co · 1 min

TLDR Crypto

SLASHING SECURITY VS. TOKEN TOXICITY SECURITY

This post compares the concept of Token Toxicity, where stakers don't attack a protocol in fear of depreciating their staked tokens, to Slashing security. Slashing offers stronger security as it individually penalizes malicious actors, resulting in a higher cost of corruption. Protocols stand to gain more from adopting Slashing than relying solely on Token Toxicity.

twitter.com · 2 min

TLDR Crypto

WHAT IS HORIZONTAL SCALABILITY AND WHY IS EVERYONE TALKING ABOUT IT?

This thread explores the increasing trend toward horizontal blockchain scalability. This method, unlike vertical scaling, distributes workloads across numerous nodes, allowing networks to expand by adding more machines. Vertical scaling, on the other hand, improves a single machine's abilities. Both methods have their merits, but horizontal scaling ultimately ensures global scalability and is hailed as the future of blockchain systems.

twitter.com · 3 min

TLDR Crypto

2024/2025 TOP SIGNALS

Traditional indicators for cryptocurrency market tops might not be relevant in the current cycle. The increasing influence of institutions like BlackRock on Bitcoin sentiment and the mainstream adoption of crypto could change what traditional market tops look like. Look for broader signals, such as sovereign wealth funds investing in Bitcoin, corporate treasuries diversifying into crypto, crypto company IPOs, and potential crises from over-leveraging or restaking in the sector.

twitter.com · 3 min

TLDR Crypto

EVERYTHING IS A PERP

This post goes over the concept of power perpetuals, assets that target an index price's power, in relation to three types of DeFi primitives, including crypto-collateralized stablecoins, margined futures, and products like Uniswap. Stablecoins are analogous to 0-perps, margined futures are 1-perps, and Uniswap-like products act as a replicating portfolio for 0.5-perps. This uncovers a compact design space across these central primitives in DeFi.

paradigm.xyz · 8 min

TLDR Crypto

ON-CHAIN LEVERAGE ON THE RISE

The market's demand for stablecoins via lending platforms has risen sharply, fueled by bullish positioning by traders and perceived attractive opportunities, driving up borrowing rates and yields.

twitter.com · 2 min

TLDR Crypto

THE BEGINNER'S GUIDE TO UNDERSTANDING BITCOIN ORDINALS

This thread provides a good overview of Ordinals on Bitcoin for beginners including their history, a high-level description of them, and some examples of how they work.

twitter.com · 3 min

TLDR Crypto

ARKHAM CLAIMS TO IDENTIFY TESLA AND SPACEX’S BITCOIN ADDRESSES HOLDING NEARLY 20,000 BTC

Tesla and SpaceX's Bitcoin address, which holds 19,794 BTC valued at over $1.3 billion, was identified by matching on-chain fund flows with financial statements.

theblock.co · 1 min

TLDR Crypto

MAJOR CRYPTO CATALYSTS THIS MONTH

March's major crypto events include Ethereum's Dencun upgrade, NVIDIA's AI conference, Fantom's Sonic upgrade, FOMC's interest rate decision, and ARB's massive token unlock.

thedefinvestor.com · 5 min