The Daily Index — Wednesday, March 20, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

WORLD’S LARGEST PENSION FUND EXPLORES BITCOIN AS AN INVESTMENT

The trillion-dollar Government Pension Investment Fund of Japan is exploring alternative "illiquidity assets" such as Bitcoin for potential investment opportunities. This comes after Bitcoin's recent all-time high and a 130% surge in price over the past year. Although no commitment was made towards investing in cryptocurrencies, this inquiry suggests that the fund at least has some interest in digital assets.

cnbc.com · 2 min

TLDR Crypto

BITCOIN VIRTUAL MACHINE WILL SOON LET USERS CREATE AI MODELS ON BITCOIN NETWORK

Bitcoin Virtual Machine, a layer 2 project, is set to launch Truly Open AI, a platform where users can launch AI models on the blockchain for use in crypto apps. Developed in partnership with Filecoin, Near, Avail, Polygon, and Syscoin, this design allows for monetization when other people utilize their AI models.

coindesk.com · 2 min

TLDR Crypto

AAVEGOTCHI TO LAUNCH LAYER 3 ROLLUP USING BASE FOR SETTLEMENT IN Q2 2024

Aavegotchi is set to launch Gotchichain, a Layer 3 rollup chain for blockchain gaming, in 2024. The new gaming console will run on top of Base, an EVM-compatible L2 developed by Coinbase. Besides offering lower transaction fees, Gotchichain aims to provide a dedicated block space for application-specific facilities in a bid to maximize scalability.

theblock.co · 2 min

TLDR Crypto

WHY IT MIGHT BE BASE SEASON

Coinbase’s L2, Base, has been gaining traction after the Dencun upgrade leveraging lower fees, account abstraction, and Coinbase’s enormous user base. The team is developing a smart wallet that simplifies wallet creation with non-custodial, exportable keys and traditional login methods. This new service aims to make web3 interactions via Coinbase more user-friendly, enhancing its utility and impact on the crypto market.

twitter.com · 3 min

TLDR Crypto

2023 CRYPTO COMPENSATION REPORT

This report sheds light on salary, equity, and token compensation trends within the crypto industry. Based on a survey of 49 portfolio firms, it uncovers key insights, including that U.S.-based companies offer higher salaries and equity/token packages compared to those internationally. It also highlights that most companies pay in fiat currency, although international organizations tend to utilize crypto, primarily for cross-border transactions. The data also outlines that most crypto startups consider adopting tokens, especially international firms.

dccr23.dragonfly.xyz · 17 min

TLDR Crypto

CRYPTO AS THE NEXT ITERATION OF THE ATTENTION ECONOMY

Cryptocurrency could be the future of the attention economy as it offers a more efficient market compared to the current web2 model. New "attention assets" like memecoins, NFTs, and tokens capture real-time attention value. These enable users to invest in and own assets that represent beliefs about a particular meme, media, or network's future attention. This system allows everyone in the value chain to benefit.

twitter.com · 2 min

TLDR Crypto

GRAYSCALE’S GBTC SPOT BITCOIN ETF SEES RECORD $642.5 MILLION DAILY OUTFLOW

Grayscale's GBTC had its largest day of outflows yet, contributing $642.5 million to a total net outflow of $154.4 million across all spot bitcoin ETFs. This occurred despite the $451.5 million inflow into BlackRock's IBIT ETF. The total net inflow into these ETFs currently stands at over $12 billion.

theblock.co · 3 min

TLDR Crypto

GRAYSCALE INVESTMENTS SUBMITS REVISED APPLICATION FOR SPOT ETHEREUM ETF

Grayscale Investments submitted a revised Ethereum ETF application for NYSE listing amidst SEC delays and debate on the viability of Ethereum ETPs.

news.bitcoin.com · 2 min

TLDR Crypto

MICHAEL SAYLOR'S MICROSTRATEGY ACQUIRED ANOTHER 9,245 BTC FOR $623M

MicroStrategy acquired more bitcoin via another note offering, bringing its holdings to over 1% of the Bitcoin supply.

coindesk.com · 2 min

TLDR Crypto

SOLANA MEME COIN PRESALES HAVE RAISED $150 MILLION - WHAT COULD GO WRONG?

Risky memecoin presales on Solana have drawn legal and ethical concerns after traders sent hundreds of millions of dollars worth of assets to unverified addresses, sparking scams and drawing regulatory attention.

decrypt.co · 3 min

TLDR Crypto

HOW CRYPTO EXCHANGE BACKPACK CLIMBED ITS WAY TO SUCCESS AFTER ITS MAJOR INVESTOR FTX DIED

Backpack survived a harsh crypto winter and managed to generate $27.5 billion in trading volume in its beta, despite FTX being one of its main backers.

techcrunch.com · 4 min