Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

STAKESURE: CUTTING EDGE PROOF-OF-STAKE

The EigenLayer team created a new model for analyzing the cryptoeconomic safety of PoS chains by comparing the cost of corrupting a blockchain with the profit that can be extracted from corrupting it. StakeSure is an on-chain insurance mechanism that guarantees no honest user can lose funds. Its many complex characteristics include provably safe bridging, automatically adjusting economic security, and a Karma system for loss compensation and hacker penalization.

WHAT WE CAN EXPECT POST-HALVING

We've seen a dramatic increase in Bitcoin prices after each halving, compounded by narratives like ICOs in 2016 and NFTs in 2020. With this halving, the two main narratives are ETFs and institutional adoption and the rise of the BTC L2/DeFi ecosystem. The Bitcoin ETFs are already half the size of gold ETFs, with $43 billion in combined assets, and there has never been more institutional interest. At the same time, Ordinals, Runes, and Bitcoin L2s are driving higher transaction fees and reinvigorating the Bitcoin development ecosystem.

ENGAGING SAFELY IN WEB3 COMMUNITIES

This thread provides tips for navigating crypto and NFT communities within Discord. Key tips include verifying the legitimacy of servers before joining, maintaining privacy in discussions, carefully approaching unsolicited advice and DMs, reporting suspicious behavior, avoiding publicly sharing wallet addresses, understanding smart contracts before interacting, and staying informed on the latest scams and security best practices.

BLACKROCK'S CRYPTO STRATEGY

BlackRock categorizes digital assets into cryptoassets, stablecoins, and tokenized assets. As the owner of the iShares Bitcoin Trust, an investor in Circle, and the BUIDL money market fund creator, it is exposed to each group. BlackRock believes in Bitcoin for its internet-native accessibility, cross-border transactional efficiency, and sound inflation schedule. Blockchain can create nonstop capital markets with greater efficiency and transparency.

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