The Daily Index — Wednesday, April 24, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

BLOCKCHAIN ASSOCIATION AND CRYPTO ACTIVIST GROUP SUE SEC OVER ‘DEALER RULE'

The SEC is being sued over the recently finalized Dealer Rule expansion, which redefined the term to require more crypto organizations to register with the SEC and comply with securities laws. The lawsuit argues that the SEC did not address public concerns and failed to consider the expansion's negative consequences. The Blockchain Association and Crypto Freedom Alliance of Texas are advocate groups representing the industry and pushing for better crypto legislation.

links.tldr.tech · 3 min

TLDR Crypto

LIQUID RESTAKING PROTOCOL RENZO ANNOUNCES AIRDROP

Summary unavailable

links.tldr.tech · 2 min

TLDR Crypto

CELO CHOOSES OPTIMISM, CONCLUDING BAKE-OFF AMONG LAYER 2S

After months of consideration, Celo has chosen Optimism as the tech stack for building an Ethereum L2. This decision comes after Celo pivoted from an independent blockchain to becoming an L2, citing Ethereum alignment and greater liquidity. Other candidates included Arbitrum Orbit, zkSync's ZK Stack, and Polygon's CDK.

links.tldr.tech · 2 min

TLDR Crypto

A CAUTIONARY TALE ABOUT ‘THE VC PONZI SCHEME'

Founders should be wary of the VC ponzi scheme, where venture capitalists pressure startups to raise massive rounds at premature valuations, only to show paper gains to attract more funds from limited partners, which they take fees on. To avoid misaligned incentives, some firms opt for internal capital structures instead of traditional VC funds, ensuring they only profit from genuine investment success.

links.tldr.tech · 1 min

TLDR Crypto

DEEP DIVE INTO THE HISTORY OF DEGEN

This post explores how Degenchain has grown since its L3 launch on Base. Degenchain is community-driven and has shifted to a robust ecosystem with high transaction rates. The history of its native DEGEN token is traced from a community token on Farcaster, a crypto-native social network, to its ascent as a primary utility token. Future catalysts for DEGEN's growth include Coinbase's market influence, Base network's expansion, potential ETH ETFs, Bitcoin halving, and onchain events like "Onchain Summer”.

links.tldr.tech · 22 min

TLDR Crypto

SEC SEEKS $5.3B FROM DO KWON AND TERRA

The SEC is seeking over $5 billion from Do Kwon and Terraform Labs for penalties and disgorgement after a guilty verdict for defrauding investors. The enforcement action also involves barring Kwon from executive roles in any securities issue.

links.tldr.tech · 2 min

TLDR Crypto

FREQUENTLY ASKED QUESTIONS ABOUT BIP-420

A BIP, or Bitcoin Improvement Proposal, is a pending upgrade to the Bitcoin blockchain that has been assigned a number for easy communication. BIP-420 is related to OP_CAT, an upgrade to Bitcoin's scripting language that would make smart contracts and zk bridges possible. The process to upgrade Bitcoin is decentralized and community-driven, so there must be a consensus from miners and developers alike to adopt BIP-420.

links.tldr.tech · 3 min

TLDR Crypto

POLYMARKET'S AIRDROP ODDS FOR THE NEXT 69 DAYS

The protocols most likely to airdrop tokens within the next 69 days are Swell, zkSync, and friend.tech.

links.tldr.tech · 1 min

TLDR Crypto

THE EFFECT OF THE HALVING

With halvings, there is excess demand over supply, which leads to dramatic price increases as new investors and a lower inflation rate disrupt the equilibrium.

links.tldr.tech · 4 min

TLDR Crypto

JANE STREET IS BULLISH ON COINBASE AND HERE'S WHY

Trading firm Jane Street Capital owns 5.3% of outstanding Coinbase shares, up from 2% in December 2023.

links.tldr.tech · 2 min

TLDR Crypto

DEGODS RUMORED TO MIGRATE BACK TO SOLANA

NFT project DeGods, which is most famous for migrating to Ethereum from Solana, may be planning to move back to its original blockchain, according to a cryptic post from its founder.

links.tldr.tech · 1 min