The Daily Index — Wednesday, April 10, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

INACTIVE BITCOIN SUPPLY DECREASES AS HOLDERS SELL

Summary unavailable

coindesk.com · 2 min

TLDR Crypto

ANNOUNCING: EIGENLAYER AND EIGENDA MAINNET LAUNCH

Summary unavailable

twitter.com · 4 min

TLDR Crypto

A16Z RELEASES JOLT, A ZKVM

a16z has released an open-source code for Jolt, a zero-knowledge virtual machine (zkVM), marking a commitment to deep tech R&D. Jolt, which supports RISC-V ISA and Rust language applications, uses cryptographic techniques to enhance the scalability, speed, and privacy of blockchain operations. This tech can be integrated into zkEVMs and blockchain-based ZK applications.

coindesk.com · 3 min

TLDR Crypto

EIGENLAYER: THE BLACKHOLE FOR ETHEREUM

Franklin Templeton’s Digital Asset Division released a one-page report on EigenLayer. The report introduces the restaking narrative, describing it as a way to secure multiple networks simultaneously and increase the yield from staking ETH. EigenLayer’s immense growth over the past year is attributed to the potential token airdrop to stakers. It has captured over 1% of the total ETH supply with over 2 million ETH restaked in the protocol.

x.com · 3 min

TLDR Crypto

BLOCKCHAIN'S "DIAL-UP TO BROADBAND" MOMENT

Much like how broadband revolutionized the utility of the internet, Layer 2 scaling solutions have brought new possibilities for blockchain applications. This article expands on how Arbitrum, a portfolio company, is leading the L2 landscape in terms of total value locked, revenue share, and developer activity. It also covers other stories, including how UNI’s fee switch legitimizes token value, regulatory updates, and debunks arguments about the death of crypto.

panteracapital.com · 20 min

TLDR Crypto

CHRISTIE’S EMBRACES ORDINALS

Christie's inaugural auction for Bitcoin Ordinals will showcase the "Ordinal Maxi Biz" collection curated by ZK Shark. Bidding will be open from April 9 to 16 on the Christie's website. The sale reflects the growing cultural significance of Ordinals in the web3 and digital art space.

nftnow.com · 2 min

TLDR Crypto

HEATWAVE BY ARTHUR HAYES

Arthur Hayes, chief investment officer at Maelstrom and co-founder and former CEO of BitMEX, recounts personal experiences of missed opportunities and unexpected market resilience in the face of anticipated downturns. Drawing parallels between skiing and trading, the narrative explores financial strategies and predictions, ultimately choosing caution in trading activities until potentially more favorable conditions emerge in May.

cryptohayes.substack.com · 9 min

TLDR Crypto

APPS AS A GTM FOR MEMECOINS

Instead of basing a token on a meme, creators could focus on specific projects or groups to generate attention and create utility.

x.com · 2 min

TLDR Crypto

PYUSD CIRCULATION DROPS

PayPal USD, a stablecoin issued by PayPal and Paxos, experienced a 38% drop in market cap in March, falling from ~$304 million in February to $188.5 million.

cointelegraph.com · 2 min

TLDR Crypto

ETHEREUM ALTERNATIVE MONAD LABS RAISES $225M

Monad Labs, an EVM-compatible alt-L1, aims to improve transaction throughput - it claims to have processed about 10,000 transactions per second (TPS) in its testnet phase, compared to Ethereum's TPS of ~20.

coindesk.com · 1 min

TLDR Crypto

ZETA MARKETS INTRODUCES $Z

The token will be distributed with an initial airdrop to users and communities, giving recipients the chance to participate in governance, stake, and trade.

twitter.com · 2 min