The Daily Index — Thursday, May 30, 2024

MARKETS & BUSINESS

TLDR Crypto

BLACKROCK FILES UPDATED VERSION OF ETH ETF S-1 APPLICATION

After eight issuers had their 19B-4 filings approved for a spot Ethereum ETF, BlackRock has updated its S-1 application to begin trading its iShares Ethereum Trust. Bloomberg ETF analyst Eric Balchunas believes there could be one more round of comments from the SEC, then a launch around the end of June or early July.

threadreaderapp.com · 1 min

TLDR Crypto

PAYPAL'S PYUSD IS LIVE ON SOLANA

PYUSD just launched on Solana, extending its presence from Ethereum to increase adoption and reduce gas fees and faster transactions. This strategic expansion aims to transition PYUSD from mere awareness to actual utility by incorporating innovative blockchain features that improve payment security and efficiency, enabling its integration into everyday commercial use.

pyusd.mirror.xyz · 6 min

TLDR Crypto

MAGICSPEND++ SPEND NOW, DEBIT LATER

The Ethereum wallet experience is fragmented and complex due to bridging, gas, and dozens of rollups. MagicSpend++ is a framework that allows users to have a chain abstracted balance instead of isolated token balances across chains. It uses account abstraction to create a single-chain experience with no bridging or latency, mimicking a credit card experience where users have their funds pulled by a paymaster later.

links.tldrnewsletter.com · 4 min

TLDR Crypto

CHAINLINK LAUNCHES TRANSPORTER

Transporter introduces a new level of security in the crypto space, offering Level-5 security, 24/7 customer support, and a user-friendly experience to ensure safe and confident cross-chain transactions. This innovation aims to address the over $2.8 billion previously lost to hacks in token bridges.

threadreaderapp.com · 1 min

TLDR Crypto

5 BEST THINGS YOU CAN DO ON TON

The TON blockchain ecosystem is growing rapidly with significant increases in daily and weekly active wallets, total value locked in DeFi, and trading volumes since the start of "The Open League". Ecosystem highlights include large airdrops, notably $NOT coin, and attractive liquidity provider campaigns with APYs up to 105%.

threadreaderapp.com · 2 min

TLDR Crypto

ATTENTIONOMICS: A FRAMEWORK FOR VALUING MEMECOINS

Since memecoins have zero tangible value, unique metrics must be considered to determine their worth. For example, the size of the audience that a meme can appeal to, meme sustainability, and meme visualization are all important for capturing a wide audience of interested buyers. It should be accessible on a chain with liquidity and a first-mover in its category and have potential catalysts and an interesting story or mystery. The main idea is to find a coin's capacity to capture attention.

threadreaderapp.com · 3 min

TLDR Crypto

VITALIK ON LAYER 2S AS CULTURAL EXTENSIONS OF ETHEREUM

Layer 2 solutions on Ethereum not only expand its technical capabilities but also foster a diverse and inclusive culture within the blockchain community, leading to unique technological advancements and cultural influences across different blockchains, ultimately driving innovation within the ecosystem.

vitalik.eth.limo · 12 min

TLDR Crypto

CRYPTO USERS ARE COMPARATIVELY IMPATIENT

Pantera Research Lab studied a sample of crypto users and found a high present bias and low discount factor, indicating impatience and a desire for immediate gratification. Crypto users will only wait a short time frame for a high reward, which should be considered when creating a vesting schedule or airdrop design.

threadreaderapp.com · 3 min

TLDR Crypto

AI AGENTS WILL REVOLUTIONIZE ONCHAIN INTERACTIONS

AI agents can fix crypto UX issues by automatically completing complex user tasks, becoming the DeFi version of bankers and fund managers.

threadreaderapp.com · 5 min

TLDR Crypto

SMART WALLETS VS. MPC

Smart accounts can add any logic to improve UX or security.

threadreaderapp.com · 3 min

TLDR Crypto

CELESTIA'S ZK ACCOUNTS

Celestia is a minimal DA layer, meaning it does not support smart contracts or TIA being used in rollups.

threadreaderapp.com · 3 min

TLDR Crypto

POLYGON LABS PARTNERS WITH SUCCINCT TO USE THE SP1 ZKVM FOR SECURING THE AGGLAYER

This move could lead to broader adoption and innovation within zk-based applications, affecting everything from rollup interoperability to the simplification of zk app development, ultimately impacting the direction of research and optimization in the crypto space.

threadreaderapp.com · 3 min