The Daily Index — Thursday, April 25, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

FEDS ARREST FOUNDERS OF BITCOIN MIXER SAMOURAI WALLET

The two founders of Samourai Wallet have been arrested and charged with conspiracy to commit money laundering. Samourai is being accused of facilitating more than $100 million in money laundering from illegal wallets and over $2 billion in unlawful transactions. The website has been seized and replaced with a government notice.

links.tldr.tech · 11 min

TLDR Crypto

RETH'S PATH TO 1 GIGAGAS PER SECOND - ETHEREUM SCALING ROADMAP

Paradigm has released its roadmap for scaling the Reth Ethereum execution client. The roadmap proposes changing the scalability metric from transactions per second to gas per second as a more nuanced way to understand the network's computational throughput. Paradigm plans to use vertical and horizontal scaling — accomplished via a parallel EVM, multi-rollup support, and cloud-native nodes, among other improvements — to achieve 1 gigagas/s, 200x faster than Base and 800x faster than mainnet.

links.tldr.tech · 3 min

TLDR Crypto

SQUARE ALLOWING SELLERS TO AUTOMATICALLY CONVERT SALES INTO BTC

Payment processing solution Square has announced a new feature that allows sellers to convert their sales into Bitcoin automatically. The conversion occurs using the subsidiary company Cash App, which can convert 1-10% of daily sales to BTC. Jack Dorsey, the founder of Square and Twitter, strongly supports Bitcoin.

links.tldr.tech · 1 min

TLDR Crypto

HOW TO TAKE PROFIT

Taking profit primarily depends on personal circumstances, such as outstanding debt and other opportunity costs of money. In a bull run, take profit on the way up, for example, sell 10% for every 20% price increase. A lot of mental fortitude is required to know when to buy and sell, so the easiest strategies pre-plan or automate decisions.

links.tldr.tech · 4 min

TLDR Crypto

AN OVERVIEW OF THE RENZO PROTOCOL DEPEG

This thread examines the depeg of Renzo's liquid staking token (ezETH), the protocol's airdrop plan, and the misleading token allocation chart. The ezETH depeg was likely caused by a sell-off following the conclusion of the Season 1 Airdrop and misleading chart on token allocation, leading to liquidations on leverage protocols and losses for users.

links.tldr.tech · 2 min

TLDR Crypto

WHY LST DEPEGS (LIKE RENZO) ARE GETTING MORE COMMON

This thread discusses the recent depeg of Renzo Protocol's liquid staking token, ezETH, noting that such events are becoming increasingly common in the crypto space. Its author highlights the importance of setting safe parameters and using safe leverage to protect funds, even if it means losing market share to riskier competitors, as survival is the key to long-term success in the industry.

links.tldr.tech · 2 min

TLDR Crypto

INTRODUCING PRIME INTELLECT - DEMOCRATIZING AI DEVELOPMENT AT SCALE

Prime Intellect is launching a decentralized platform to enable researchers to build open-source AI models using distributed computing power. It plans to reward participants for contributing compute, code, and capital to enable a new wave of AI progress and make model training more transparent. Its first focus areas include open-source LLMs, autonomous coding agents, and scientific models for drug discovery.

links.tldr.tech · 2 min

TLDR Crypto

MEMECOINS 101

This thread provides a comprehensive guide to investing in memecoins, emphasizing the importance of risk management, community, and having a well-defined plan.

links.tldr.tech · 2 min

TLDR Crypto

A DISCUSSION ON NFTS VERSUS FUNGIBLE TOKENS

Because of their limited supply and reduced liquidity, NFTs are valuable for creating tight-knit communities.

links.tldr.tech · 1 min

TLDR Crypto

THE WHY FOR CONSUMER CRYPTO

The crypto user experience is improving because of innovations like web wallets and passkey adoption, combined with an emerging social graph.

links.tldr.tech · 1 min

TLDR Crypto

FUEL NETWORK EXPLAINED

Most L2s are closely aligned with the L1 by using the EVM. Fuel is taking the opposite approach to create a custom parallelized VM with a UTXO account model.

links.tldr.tech · 2 min