The Daily Index — Monday, August 5, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

JUMP CRYPTO MOVES HUNDREDS OF MILLIONS IN CRYPTO AS PRICES SLIDE

Jump Crypto has been actively liquidating its crypto holdings since July 25th, including hundreds of millions of dollars in stEth. This coincides with the recent launch of US-based spot ether ETFs and a broader downturn in crypto asset prices.

theblock.co · 2 min

TLDR Crypto

A NEW INTERNATIONAL MONEY: ORE V2

ORE is a Solana-based token that uses a CPU-friendly proof-of-work mining mechanism. Its v2 update will introduce ORE staking to boost mining rewards and change the algorithm so that mobile phones can mine. With a total supply of 21 million, Ore is similar to Bitcoin and could ultimately become the BTC of Solana if its high early inflation does not hinder adoption.

threadreaderapp.com · 2 min

TLDR Crypto

INTRODUCING LAVA PUBLIC MAINNET

Lava is creating a modular and decentralized RPC infrastructure layer for all blockchains. RPC providers can stake LAVA on a Cosmos-based chain and earn incentives from any chains they support. The LAVA token is launching DEX-first with high float and a market-derived FDV, contrary to the "low float, high FDV" meta.

threadreaderapp.com · 2 min

TLDR Crypto

EXPLORING AI X CRYPTO

AI x Crypto primarily focuses on decentralized compute networks, model coordination platforms, AI tools and services, and applications. AI agents are becoming an increasingly popular way to seamlessly interact with onchain protocols and open-source AI coordination is fostering greater innovation and development into model training. Over $230 million was invested in the space in July alone.

threadreaderapp.com · 3 min

TLDR Crypto

AVOIDING TOKEN RUG PULLS

Scammers manipulate DEX Screener's Trending tokens by using wash trading to inflate the number of holders and trading volume, which makes these tokens seem legitimate. For example, the $FWILLY token scam involved distributing supply across multiple wallets and manipulating transaction data before ultimately rugging token holders, where the developers withdrew all liquidity, leaving holders with worthless tokens.

threadreaderapp.com · 2 min

TLDR Crypto

A DEEP DIVE INTO POLYMARKET GROWTH

While a large portion of Polymarket's growth this year can be attributed to the U.S. election, the platform has also seen an increase in non-election-related trading. Although 42% of new users initially traded in election-related markets, there has been a 391% YTD growth in volume across various other markets, indicating consumer interest beyond political events.

threadreaderapp.com · 7 min

TLDR Crypto

ZKX INVESTORS, MARKET MAKERS SAY THEY WERE BLINDSIDED BY SUDDEN SHUTDOWN

Investors and market makers of the ZKX DEX were surprised by its shutdown, claiming they received no notice. Blockchain investigators claim that this might have been a rug pull. The token's value has decreased ~93.6% since it was launched.

theblock.co · 3 min

TLDR Crypto

WHICH BLOCKCHAINS ARE ACTUALLY PROFITABLE

Ethereum is the clear leader in L1 revenue, with $2.2B in the past year, though the transition to L2s is hurting its profits.

threadreaderapp.com · 5 min

TLDR Crypto

COINBASE STABLECOIN REVENUE CONTINUES GROWING

Investing in stablecoin adoption is a promising strategy as stablecoin supply growth and revenue increases for platforms like Coinbase.

threadreaderapp.com · 1 min

TLDR Crypto

VC INVESTMENT DOESN'T GUARANTEE TOKEN PRICE INCREASE

This post provides a look into companies that Paradigm has invested in since the token's generation event - even top VC token investments can generate negative returns.

threadreaderapp.com · 1 min

TLDR Crypto

MARKET MAKING, DEFI, AND BAD PROTOCOL DESIGN

DeFi has been increasingly good at minimizing deadweight loss - the amount of value leaking to useless third parties.

threadreaderapp.com · 4 min