The Daily Index — Thursday, August 15, 2024

MARKETS & BUSINESS

TLDR Crypto

GOLDMAN SACHS REVEALS $420M EXPOSURE TO BITCOIN ETFS IN LATEST 13F FILING

Goldman Sachs' Q2 2024 13F filings revealed holdings in several Bitcoin ETFs. It has $420 million in total exposure, with over half in BlackRock's IBIT product. Hedge Fund Capula Investment Management also recently disclosed $464 million in BTC ETFs. IBIT is by far the best-performing ETF of the year, with $20.5 billion in inflows compared to the next closest non-Bitcoin ETF at $1.3 billion.

coinspeaker.com · 2 min

TLDR Crypto

INTRODUCING METAMASK CARD

MetaMask has launched the world's first Mastercard debit card that allows users to spend cryptocurrency directly from their self-custody wallet with instant conversion to fiat currency for everyday purchases. Initially available to select users in the EU and UK, the card integrates with Apple Pay and Google Wallet, offering a seamless bridge between crypto and daily spending.

threadreaderapp.com · 1 min

TLDR Crypto

SAUCE IS LIVE; LIKE A STOCK MARKET BUT FOR MEMES

Sauce is a new trading platform that combines the excitement of meme culture with cryptocurrency trading, allowing users to trade tokens on Solana, Ethereum, and Base networks without fees. The app, live on iOS and the web, promises fast execution, curated lists for beginners, and a unique point system that rewards active users.

threadreaderapp.com · 1 min

TLDR Crypto

HOW TO MAKE HIGH YIELD IN DEFI

Pendle PTs are zero-coupon DeFi bonds that offer a stable rate. MakerDAO's DAI Savings Rate is largely considered to be the risk-free rate of DeFi at 7%. Liquidity Provision earns trading fees and protocol incentives and can be done in a delta-neutral way to mitigate impermanent loss. A riskier strategy is yield looping, where assets are borrowed and lent multiple times.

threadreaderapp.com · 4 min

TLDR Crypto

OLYMPUSDAO BUYBACKS

OlympusDAO has introduced a leveraged buyback-and-burn program for $OHM, utilizing yield from its $181M treasury to repurchase $83K of $OHM weekly. By borrowing against its own backing, this means a $1 buyback actually acts like $5, making the buybacks much more powerful and helping to boost the value of $OHM while reducing the supply.

threadreaderapp.com · 2 min

TLDR Crypto

ONCHAIN IN ONE TAP WITH TELEGRAM

Privy is collaborating with Anomaly Games Inc., Fren Pet on Base, and SofaMon XYZ to create a seamless Telegram authorization release. This streamlines the process of account and wallet creation to just one step via a Telegram mini-app, providing users with a much better UX for accessing onchain activities.

threadreaderapp.com · 1 min

TLDR Crypto

ROBINHOOD VS COINBASE

Over the next five years, the rivalry between Coinbase and Robinhood will intensify across multiple fronts including trading fees, tokenization, asset staking, stablecoin payments, derivatives, and crypto asset lending as both platforms innovate while TradFi entities await regulatory guidance.

threadreaderapp.com · 1 min

TLDR Crypto

RESTAKING IS HEATING UP

With EigenLayer introducing AVS rewards and permissionless token listing, Symbiotic adding BTC support, Jito launching SOL restaking, and many other developments, the restaking narrative is poised to continue growing throughout the rest of H2 2024.

threadreaderapp.com · 1 min

TLDR Crypto

PUMP.FUN 24H REVENUE HIGHER THAN OTHER TOP 19 PROTOCOLS COMBINED

Solana memecoin creator pump.fun had a higher 24H revenue than all other top 20 protocols combined.

threadreaderapp.com · 1 min

TLDR Crypto

ANIMOCA CONSIDERS IPO

Animoca Brands is considering an IPO in Hong Kong or the Middle East, potentially in late 2025 or early 2026.

threadreaderapp.com · 3 min

TLDR Crypto

GAZELLE: AN ETHEREUM CONSENSUS-SECURED TWO-WAY BTC/ETH BRIDGE

Gazelle uses restaking from EigenLayer to secure bridge communication between Bitcoin and Ethereum.

threadreaderapp.com · 2 min

TLDR Crypto

ALEPH ZERO EVM IS LIVE

Aleph Zero EVM is an L2 with ZK-privacy that uses the Aelph Zero L1 as a data availability layer.

threadreaderapp.com · 1 min