Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

ELECTRIC CAPITAL UPDATES ITS CRYPTO MARKET MAP

Electric Capital's "Crypto Market Map" now features over 1,700 crypto projects, with significant contributions from 233 community members who added projects to the market map categories. The map categorizes projects across six layers from user-facing apps to foundational infrastructure, highlighting the role of regular community input to keep the database current and reflective of ongoing developments in the crypto space.

AAVE INTRODUCING NEW STAKING MECHANISM, FEE SWITCH, AND STAKING

AAVE is revamping its staking mechanism and safety module to increase the appeal and sustainability of the AAVE token. The team is considering eliminating slashing risks, using borrowing activity revenue for rewards, and shifting from using staked AAVE for bad debts to using aTokens for added yields. These changes, still in the temperature check phase, aim to enhance token stability and attractiveness, although details on revenue allocation for stakers and incentives for restakers are yet to be determined.

MICHIGAN STATE PENSION FUND MAKES $6.6 MILLION BITCOIN ETF INVESTMENT

The State of Michigan Retirement System has invested $6.6 million in the ARK 21Shares Bitcoin ETF, marking it as the second pension fund to invest in spot bitcoin ETFs, signaling a growing institutional interest in crypto assets. Previously, Wisconsin's investment board reported substantial holdings in BlackRock's iShares Bitcoin Trust and Grayscale Bitcoin Trust, indicating a trend towards longer-term institutional investments in bitcoin.

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