The Daily Index — Tuesday, March 19, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

OKX TO PULL USDT TRADING PAIRS IN EUROPE

OKX, the world's fourth largest cryptocurrency exchange, is discontinuing its support for Tether trading pairs in the European Economic Area. This move comes ahead of the EU's implementation of the Markets in Crypto-Assets law, which restricts the use of certain stablecoins. OKX also plans to roll out new product offerings and Euro fiat onramps for EEA customers.

theblock.co · 2 min

TLDR Crypto

CYCLONE STACK: A PARALLEL EXECUTION EVM BUILT FOR PERFORMANCE AND FLEXIBILITY

Canto's proposed Cyclone Stack is a set of upgrades aimed at improving the network's performance and scalability via a parallel execution engine. The update involves three steps: the Callisto Upgrade, which will transition Canto towards ABCI 2.0; the Elara Upgrade, which implements the Cyclone EVM for concurrent transaction processing; and the Kallichore Upgrade, which will integrate mem-IAVL to address storage bottlenecks. All existing apps are expected to function normally post-upgrade. The new changes are set to be launched by H2 2024.

canto.mirror.xyz · 4 min

TLDR Crypto

LIGHT: A NEW APPROACH TO TACKLE EVM UX FRAGMENTATION

Light is a new approach meant to address the fragmentation of user experience across EVM chains. The tool enables users to interact with any EVM chain, including L2s and L3s, as if using one network. It functions like network abstraction, cross-chain asset management, and batch transaction execution. Light is fully open source and aligns with open standards such as ERC-4337 and ERC-7579.

twitter.com · 2 min

TLDR Crypto

A HITCHHIKER'S GUIDE TO SOLANA PROGRAM SECURITY

Solana's program security is critical to ensuring applications behave as intended, affecting performance, scalability, and interoperability. As such, developers must understand potential attack vectors and vulnerabilities such as logic bugs, data validation flaws, and access control vulnerabilities and employ strategies like rigorous testing and code auditing to mitigate risks. This comprehensive guide delves into common vulnerabilities developers might face, offering insights and mitigation strategies to safeguard Solana programs against exploits.

helius.dev · 5 min

TLDR Crypto

THE SPECTRE OF MEV ON BITCOIN

MEV has returned to Bitcoin due to the introduction of Ordinal Theory, leading to a reordering of blocks in Bitcoin’s chain and threats to the network's decentralization and neutrality. This analysis explores different forms of MEV in Bitcoin, such as Replace-By-Fee, Lightning Watch Tower Attacks, and Sniping Sidechain Auctions, emphasizes the importance of recognizing and addressing these issues, and proposes several potential solutions, including Rollups, BitVM, and Bitcoin-backed stake chains.

cyber.fund · 16 min

TLDR Crypto

SOLANA MEME SLERF NOTCHES $1.7B IN VOLUME AFTER DEVELOPER LOSES ALL PRESALE FUNDS

Slerf, a sloth-themed memecoin on Solana, recently attracted $10 million in funding from a presale. The developer subsequently accidentally burned the liquidity pool and the presale proceeds. The coin unexpectedly surged in value due in part to the attention the mishap drew to the project. Despite the colossal mistake, Slerf recorded $1.7 billion in trading volume and was listed on several exchanges.

coindesk.com · 3 min

TLDR Crypto

DEPIN: CRYPTO MEETS AI REAL-WORLD USE CASES

This article discusses the rising prominence and potential of the DePin space, an often overlooked sector in crypto. DePin uses blockchain technology to accelerate and make infrastructure projects more efficient and globally accessible. With over 650 projects in six core subsectors, DePin's market cap is anticipated to reach about $3.5T by 2028.

cryptopragmatist.com · 8 min

TLDR Crypto

UTAH JUDGE FINDS THAT SEC ENGAGED IN BAD FAITH CONDUCT AGAINST CRYPTO FIRM

A Utah court sanctioned the SEC for abuse of power and undermining judicial integrity, highlighting the impact on taxpayers for the Commission's litigation misconduct.

twitter.com · 1 min

TLDR Crypto

INFLUENTIAL TRADER GCR BUYS ORIGINAL DOGWIFHAT MEME FOR $4M

Popular memecoin WIF saw a sharp price increase after influential trader GCR acquired the original Dogwifhat meme image for 1,210 ETH.

coindesk.com · 2 min

TLDR Crypto

BASE NETWORK SEES BIG SURGE IN TRANSACTIONS AND NEW USERS FOLLOWING DENCUN UPGRADE

Base, an Ethereum L2 network created by Coinbase, saw transactions soar to over 1 million and fees drop after the Dencun upgrade.

theblock.co · 2 min

TLDR Crypto

BITCOIN ETFS' HOT START SEEMS LARGELY DRIVEN BY RETAIL INVESTORS

Data indicates that BlackRock's IBIT, the largest spot bitcoin ETF, with an average trade size of $13,000, has so far primarily attracted retail investors.

coindesk.com · 3 min