Daily Edition · Page 5

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

RESTAKING: EVERYTHING OLD IS NEW AGAIN

This Coinbase Institutional report provides an overview of restaking, as popularized by EigenLayer and Ethereum. It highlights the potential for restaking to become a core part of Ethereum’s infrastructure, enabling validators to earn additional rewards by securing actively validated services (AVS). The market is pricing in extremely high yields from AVSs, which may return to more reasonable values as the ecosystem matures. There are also complexities and risks associated with liquid restaking tokens (LRTs) that might be hidden from users.

AN OVERVIEW OF THE CRYPTO MARKET FOR Q2 2024

This article provides a thorough overview of the cryptocurrency market for Q2, covering major coins, altcoins, NFTs, airdrops, and key narratives. In particular, it discusses bullish catalysts for Bitcoin, Ethereum, and Solana, gives a view of the state of the NFT market, and highlights anticipated airdrops and new token launches. It also outlines narratives surrounding the Bitcoin halving, ETH ETFs, SocialFi, AI coins, and modular blockchains.

MANTA PLANS TO WIN BACK CAPITAL AFTER FLEEING AIRDROP HUNTERS DRIVE 52% PLUNGE

The Manta L2 chain saw a $250 million decrease in total value over the past week after it enabled withdrawals for STONE and wUSDM. These two assets were used for airdrop farming during Manta's New Paradigm campaign, which rewarded users with MANTA tokens for bridging onto the chain. Co-founder Kenny Li remains optimistic, promising technical upgrades and campaigns to reignite interest in the chain.

NIRMAAN'S AI THESIS

This article is a comprehensive two-part analysis of the current state of AI and its future trajectory. Part 1 delves into the centralizing forces present in AI model creation, while Part 2 explores the potential of crypto and decentralized technologies to democratize AI and create a more open, accessible ecosystem. The author provides valuable insights into the technical, economic, and societal implications of AI's development and the critical role that blockchain and crypto can play in shaping its future.

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