Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

BINANCE PLEDGED TO THWART SUSPICIOUS TRADING - UNTIL IT INVOLVED A LAMBORGHINI-LOVING HIGH ROLLER

Binance's market surveillance team, hired to prevent manipulative trading, found that VIP customers like DWF Labs engaged in pump-and-dump schemes and wash trading. The team also discovered that Binance maintained secret internal trading accounts. After these findings, Binance fired the investigator and kept DWF Labs as a client. The SEC has accused Binance of misleading U.S. investors about its risk controls.

VITALIK ON MULTI-DIMENSIONAL GAS PRICING

Vitalik Buterin discusses how Ethereum has traditionally used gas to manage computational resources (computation, storage, data transmission, and cryptographic proof generation) and represent them as a cost metric. He argues that this approach has some limitations given it doesn't effectively describe the limits of each computational resource. By shifting towards a "multi-dimensional gas system", Ethereum will be able to better align costs with the actual demands and capacities of these computational resources.

REAL-WORLD ASSET PROJECTS TO KEEP AN EYE ON

RWA tokens reached an all-time high market capitalization of $2.7 billion in February and are expected to grow as BlackRock, Franklin Templeton, and Tether join the narrative. Though stablecoins are the biggest RWA sector, others like commodities, equities, and stocks are beginning to be released. Onchain private credit has already seen $4.4 billion in tokenized loans through protocols like Centrifuge, Maple, and Goldfinch. Real estate tokenization, spearheaded by Parcl and RealT, simplifies property fractionalization and property acquisition.

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