The Daily Index — Thursday, April 4, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

TOP 8 MOST PROFITABLE CRYPTO NARRATIVES IN 2024

This post breaks down the most profitable industry sectors this year. Memecoins are the clear leader, with a 1,313% market capitalization increase, followed by RWA and AI at around 250%.

x.com · 2 min

TLDR Crypto

ALCHEMY DEMOS ERC-6900, A COLD STORAGE PLUGIN

This plugin makes it so that a special key is needed to move designated NFTs. That storage key and the smart account's private key are then required to transfer the locked NFTs to a different wallet, keeping them protected & accessible.

twitter.com · 1 min

TLDR Crypto

COINBASE PARTNERS WITH LIGHTSPARK TO PROVIDE BITCOIN LIGHTNING SUPPORT

Coinbase has partnered with Lightspark to integrate the Bitcoin Lightning Network into its platform, promising its users instant, low-cost transactions. This collaboration, which leverages Lightspark's enterprise-grade infrastructure and AI-based optimization tools, will streamline Coinbase's Bitcoin transactions and set the stage for broader payment applications. The integration underscores a significant advancement for the Lightning Network's adoption, promising to boost network usage and liquidity conversion between Bitcoin, fiat, and other cryptocurrencies.

lightspark.com · 2 min

TLDR Crypto

HOW TO SAFELY SECURE ONE’S CRYPTO

This article provides a comprehensive guide on the most secure methods for storing cryptocurrencies. The author discusses the importance of considering one's threat model and offers insights into the advantages and potential vulnerabilities of each storage method (hardware wallet, brain wallet, and paper wallet) and ultimately emphasizes the significance of using cryptography and natural entropy for protection.

officercia.mirror.xyz · 12 min

TLDR Crypto

TAIKO ON ZKVMS

This thread compares zkVMs with zkEVMs, making a case for zkVMs. A zero-knowledge virtual machine (zkVM) provides secure and verifiable computation through zero-knowledge proofs, offering a simpler alternative to the complex and resource-intensive zkEVMs. Taiko has implemented a multi-prover system to ensure continued security even if one type of proof is compromised.

twitter.com · 3 min

TLDR Crypto

WHY 5-FIGURE ETH IS INEVITABLE

This thread cites several factors for the bull case for Ethereum and an eventual $10,000+ price. The early pivot to Layer 2s and the commitment from innovative companies, like StarkWare and Coinbase, in building L2s demonstrates industry confidence. Even though L1 transaction costs remain high, the mainnet remains a place for the highest-security transactions, and the deflationary nature of ETH incentivizes investors to hold. Institutions and governments seem to be warming up to Ethereum, as demonstrated by BlackRock’s onchain fund and the CFTC’s declaration that Ethereum is a commodity.

twitter.com · 2 min

TLDR Crypto

WHERE DOES BITCOIN DERIVE ITS VALUE

Bitwise highlights Bitcoin's ability to let users hold and control their wealth independently of centralized institutions. Despite its volatility and lack of governmental endorsement, Bitcoin's value is underpinned by its scarce supply and high demand. Bitcoin skeptics fail to appreciate its resistant nature to censorship and the fundamental market principles that determine its pricing.

twitter.com · 5 min

TLDR Crypto

WINNING THE SOLANA MEMECOIN ROULETTE

This article outlines a strategy for profiting from investing in Solana memecoins - use a consistent initial bet size, get in very early, take profits on initial pumps, aggressively add to winners, and sell when the token's price structure breaks down.

twitter.com · 3 min

TLDR Crypto

WORMHOLE AIRDROP CLAIM NOW LIVE

Cross-chain messaging protocol Wormhole has launched its token via airdrop - the token is available on Solana, with plans to connect to EVM-based chains using Wormhole Native Token Transfers (NTTs).

twitter.com · 1 min

TLDR Crypto

SOLANA TRANSACTION LATENCY APPROACHING 60 SECONDS

According to onchain data, the median Solana transaction latency is nearing the 1-minute mark. This is primarily driven by Wormhole airdrop stakers and the added congestion from Solana’s memecoin mania.

x.com · 1 min

TLDR Crypto

$71M IN CRYPTO PHISHING SCAMS IN MARCH

$71M was stolen in phishing scams in March, 90% of which were ERC20 tokens.

twitter.com · 2 min