The Daily Index — Tuesday, July 2, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

USDC AND EURC AVAILABLE UNDER MICA STABLECOIN LAWS

Circle has announced that its stablecoins, USDC and EURC, are now compliant with the new EU stablecoin regulations (MiCA), making it the first global stablecoin issuer to meet these standards. Effective immediately, Circle is issuing these stablecoins directly to European customers from its French headquarters, making USDC the leading regulated digital dollar in the EU market and enabling high growth for Euro digital currencies.

threadreaderapp.com · 10 min

TLDR Crypto

A QUICK INTRODUCTION TO APHELION TRADING

Aphelion Trading is a Solana-native market-making firm dedicated to advancing decentralized trading and DeFi. Known for maintaining liquidity and contributing to the design of major DEXs, Aphelion is now expanding its services to offer institutional-grade liquidity and advisory support to all DEXs and token projects on Solana.

threadreaderapp.com · 1 min

TLDR Crypto

2077 COLLECTIVE: ETHEREUM'S UNOFFICIAL MARKETING DEPARTMENT

The 2077 Collective is a new initiative to coordinate marketing and promotional strategy for Ethereum, as the current focus has primarily been research and development. It released its main website, an EIP Wiki, an Ethereum encyclopedia, and a for-profit research arm upon launch.

threadreaderapp.com · 2 min

TLDR Crypto

IS THIS A LENDING PROTOCOL RENAISSANCE?

This article explains innovations in recent lending protocols, discussing the differences between Collateralized Debt Position (CDP) protocols and Money Markets. It also examines novel concepts like DYAD's over-collateralization with its KEROSENE token, Liquity v2's user-determined interest rates, and Tapioca's blending of CDP and Money Market models.

links.tldrnewsletter.com · 11 min

TLDR Crypto

JULY 2024 TOKEN UNLOCK SCHEDULE

Around $695 million of tokens held by insiders, VCs, and other investors will be unlocked this month. AltLayer, XAI, and Aptos have unlocks above $80 million, while other projects like Arbitrum, Starknet, and Optimism have $10+ million unlocks. Worldcoin's 16-year vesting schedule begins this month.

threadreaderapp.com · 1 min

TLDR Crypto

POLKADOT SPENT $87M USD IN THE FIRST HALF OF 2024

Polkadot's Treasury, with a current burn rate of $87 million USD every six months, is projected to last about two more years. This situation has prompted debates about adopting stricter budgeting measures or altering the system's inflation parameters to extend the runway.

threadreaderapp.com · 2 min

TLDR Crypto

THERE IS NO ETH SCALING, ONLY “L2 SCALING”

Ethereum has hurt itself by neglecting to improve L1 scalability in favor of promoting L2s and data availability. Successful L2s would be better off building on a scalable L1, and the most secure chains will capture the most revenue and be the most scalable. On-chain Ethereum governance would remove power from the hands of developers and researchers.

threadreaderapp.com · 4 min

TLDR Crypto

SOLANA'S NEW ATH IN MONTHLY ECONOMIC VALUE – $91.3M

This value is driven by priority fees on non-vote transactions and Jito tips.

threadreaderapp.com · 1 min

TLDR Crypto

DIRECTION OF ETHEREUM L2S

There are expected to be hundreds to thousands of L2s as bridges and wallets continue to simplify users' experiences.

threadreaderapp.com · 1 min

TLDR Crypto

U.S. MARSHALS SERVICE CHOOSES COINBASE TO SAFEGUARD, TRADE ITS LARGE CAP DIGITAL ASSETS PORTFOLIO

An agency within the Department of Justice has chosen Coinbase Prime to trade and custody digital assets.

threadreaderapp.com · 2 min

TLDR Crypto

STAKING ON SOL

Liquid staking on Solana is growing quickly, with the liquid staking ratio rising by 1.76% QoQ and the number of Liquid Staking Tokens (LSTs) doubling to 53.

threadreaderapp.com · 2 min