The Daily Index — Tuesday, June 25, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

TETHER DISCONTINUES SUPPORT FOR ALGORAND AND EOS

Tether announced that it will discontinue USDT minting on EOS and Algorand but continue to support USDT redemptions on these blockchains for the next 12 months. This is part of its larger strategy to focus resources on platforms that maximize security, efficiency, and user engagement across the broader crypto landscape.

theblock.co · 1 min

TLDR Crypto

ASYNCHRONOUS PROGRAM EXECUTION (APE) IN SOLANA

Asynchronous execution allows consensus votes to happen independently of all other functions. Two primary Execution Domains, VoteExecutionDomain (VED) and UserExecutionDomain (UED), must be implemented to allow validators to vote before complete transaction execution. This article details the components of VED, the process of computing VED and UED states, and how funds can be moved between domains. The system aims to improve Solana's efficiency and scalability while maintaining integrity.

x.com · 6 min

TLDR Crypto

IGLOO INC AND THE FUTURE OF PUDGY PENGUINS

Pudgy Penguins have found real-world success with its Walmart toy line, racking over 20 billion GIF views and millions of social media followers. Igloo Inc, its new parent company, will create an end-to-end ecosystem for organic crypto adoption through the Penguins. OverpassIP, its other product, simplifies licensing NFT IP to support more NFT-based merchandise.

threadreaderapp.com · 2 min

TLDR Crypto

WHAT ARE SGX PROOFS?

SGX is a trusted execution environment from Intel that allows information to be stored and processed in private hardware memory called an enclave. Rollups can use SGX to privately execute state transition functions while still being verifiable. However, SGX requires trusting Intel, and zkEVMs would benefit from a multi-prover setup to mitigate potential exploits. Taiko's Raiko multi-prover supports several zkVMs and SGX.

x.com · 2 min

TLDR Crypto

PREDICTION MARKETS: BOTTLENECKS AND THE NEXT MAJOR UNLOCKS

This deep dive explores the current state and potential future of prediction markets. It explains how they work, focusing on the order book and AMM models. The article also identifies bottlenecks preventing wider adoption, like lack of liquidity, leverage, and information asymmetry, and proposes solutions.

links.tldrnewsletter.com · 20 min

TLDR Crypto

CRYPTO MAINTAINS DECENTRALIZED ORIGINS WHEREAS AI IS COMPARATIVELY CENTRALIZED

While AI and crypto are both transformative technologies, they differ fundamentally in their origin and function. AI has developed in a centralized fashion and generates a lot of data, making verification challenging. Crypto has developed in a decentralized fashion and is used to authenticate data.

threadreaderapp.com · 2 min

TLDR Crypto

STATE OF SOLANA DEPIN 2024

Solana DePIN, which includes category leaders Helium, Hivemapper, and Render, has a combined market cap of $4 billion. Solana's focus on performance and network effects and the Solana Foundation's support of DePIN have given it a first-mover advantage with dozens of projects that have built innovative networks. This article details projects in wireless, storage, sensor, compute, service, and other categories of DePIN on Solana. It predicts more sectors, rollups, and convergence with RWAs, ultimately resulting in a parallel infrastructure system.

links.tldrnewsletter.com · 29 min

TLDR Crypto

INTRODUCING THE BLAST FOUNDATION

Blast has announced the Blast Foundation in anticipation of its upcoming decentralization and airdrop on June 26.

threadreaderapp.com · 1 min

TLDR Crypto

PROGRAMMABLE RUNES

The Runes Bitcoin standard is getting a sub-protocol to allow EVM-based computations using Runes.

threadreaderapp.com · 1 min

TLDR Crypto

UPBIT TO LAUNCH BLAST PAIRS ON JUNE 26TH

South Korea's largest crypto exchange, UpBit, will begin offering trading pairs for the Blast token against BTC, USDT, and Korean won.

threadreaderapp.com · 1 min

TLDR Crypto

ETH ETF EXPECTATIONS

An Ethereum ETF is expected to be launched soon.

threadreaderapp.com · 1 min