The Daily Index — Tuesday, June 18, 2024

MARKETS & BUSINESS

TLDR Crypto

ZKSYNC AIRDROP SUMMARY

The ZK token was released at 3 am on the morning of April 17. 45% of tokens were claimed by over 225,000 addresses within two hours. There was degraded performance on the network immediately after the launch. The token has dropped 20% since launch, a common trend with recent airdrops, and has an FDV of $5 billion.

thedefiant.io · 2 min

TLDR Crypto

COINBASE ANNOUNCES PRE-LAUNCH MARKETS

Coinbase has introduced pre-launch markets, allowing users to trade tokens before their onchain creation and participate in price discovery. Pre-launch markets uses a perpetual derivative model, basing the token price off the exponential moving average of the market's mark prices every four hours. The first token supported will be EIGEN and trading will be open to Coinbase International Exchange and Coinbase Advanced users.

threadreaderapp.com · 2 min

TLDR Crypto

ALLOY – TETHER'S GOLD STABLECOIN

Tether's new stablecoin, aUSDT, is a dollar-denominated token backed by the value of gold. Over-collateralized by onchain gold reserves, aUSDT is the first in a series of Tethered Assets that track the reference of another asset through stabilization mechanisms. Tether has hinted that future assets may be yield-backed.

threadreaderapp.com · 2 min

TLDR Crypto

DUNE ANALYST 101

Understanding Ethereum transactions requires one to read complex logs and traces shown on block explorers like Etherscan. These tools display detailed interactions within a transaction, including functions called, contracts interacted with, and changes made. By mastering these insights, one can analyze data directly related to any smart contract on Ethereum, enhancing transparency and auditability in Dapps.

read.cryptodatabytes.com · 10 min

TLDR Crypto

DAO LEARNING RESOURCES (1 HOUR READ)

a16z crypto compiled various resources for learning about DAOs. These include articles and videos about decentralized governance, human behavior, and incentive systems.

threadreaderapp.com

TLDR Crypto

COINBASE'S QUEST FOR LONG-LASTING PROFITABILITY

Summary unavailable

popularfintech.com · 11 min

TLDR Crypto

A VISION OF CELESTIA (2030)

The bull case for Celestia sees it as the global place for data availability, with rollups from across Bitcoin, Ethereum, and Solana ecosystems using it for low costs and high security. Users will be running light nodes within their wallets, allowing Celestia to increase its block size to 1GB and support 100k+ rollups. Since Celestia can move faster than Ethereum, it may outpace its DA ability and start having rollups use TIA as its native token, serving use cases like fully onchain games, social networks, and full sovereignty.

threadreaderapp.com · 5 min

TLDR Crypto

TOKENIZING TIME

Time.fun allows you tokenize and sell your time in minutes by creating a tradable asset on Base where fans can buy, sell, and redeem your time for ETH.

threadreaderapp.com · 2 min

TLDR Crypto

BINANCE AIRDROPPING 10M ZK

Binance is airdropping 10 million ZK tokens to users who performed transactions but were previously excluded from the $ZK airdrop.

threadreaderapp.com · 1 min

TLDR Crypto

BLAST'S USDB THE #5 MOST-TRADED STABLECOIN

The Blast L2's yield-bearing stablecoin, USDB, is the fifth most traded stablecoin.

threadreaderapp.com · 1 min

TLDR Crypto

UPCOMING SOLANA ‘THINGS'

Solana will soon introduce new consumer features, ZK compression, a superfast client, and sovereign rollups.

threadreaderapp.com · 1 min

TLDR Crypto

DOODLES STOODIO MIGRATING TO BASE

NFT collection Doodles is moving its activity hub, the Stoodio, to Base in July.

threadreaderapp.com · 2 min