The Daily Index — Friday, August 23, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

SAM ALTMAN'S WORLDCOIN VIOLATED DATA POLICIES, COLOMBIA REGULATOR SAYS

Colombia's Superintendence of Industry and Commerce has accused Worldcoin and parent company Tools for Humanity of violating data protection regulations in the country. Worldcoin has been collecting biometric information in its onboarding process across the country using its Orb device to capture iris information. If found guilty, Worldcoin could face economic sanctions or permanent closure in Colombia. Other Latin American countries, including Ecuador and Argentina, have also investigated Worldcoin's activities.

coindesk.com · 2 min

TLDR Crypto

$ME TOKEN COMES TO MAGIC EDEN

The $ME token claim will be executed on the Magic Eden wallet. Its team hopes to power the top cross-chain dApps ecosystem, allowing trading of fungibles and NFTs across major chains.

x.com · 1 min

TLDR Crypto

MAKER LAUNCHES TWO NEW TOKENS

Endgame has launched NewStable and NewGovToken, which are upgraded versions of the current DAI and MKR tokens. The switch will maintain flexibility for users to switch between the old and new tokens while ensuring that both DAI and MKR remain functional for governance and existing applications.

x.com · 1 min

TLDR Crypto

FRANKLIN TEMPLETON LAUNCHES TOKENIZED MONEY MARKET FUND ON AVALANCHE

Franklin Templeton has launched the first U.S.-registered mutual fund on the Avalanche blockchain, introducing the tokenized U.S. Government Money Fund (FOBXX), tokenized as BENJI. This expansion allows for features like USDC conversions for investments and peer-to-peer transfers of fund shares, with plans for future trading and collateral use.

x.com · 1 min

TLDR Crypto

HOW TO BE A BETTER CRYPTO ANALYST

Navigating complex protocols as an analyst can be challenging, especially when deciphering Solidity code and contract interactions. This guide walks through an example using Zora x Uniswap, teaching you how to identify key contracts, trace transactions, and decode contract functions to understand the flow of funds and interactions. The process involves using tools like block explorers, transaction logs, and Solidity interfaces to uncover how the protocol operates behind the scenes.

x.com · 3 min

TLDR Crypto

FRAUD PROOF WARS

Optimistic rollups face a fundamental trilemma, making it difficult to design safe systems with fixed delays that rely on a 1-of-N honest assumption, primarily due to the risk of resource exhaustion attacks. This article examines the fraud proof designs of projects like Arbitrum, Cartesi, and Optimism, and questions the viability of fraud proofs in a zero-knowledge (ZK) context.

x.com · 29 min

TLDR Crypto

JUSTIN SUN'S USDD STABLECOIN LOSES BITCOIN BACKING

Justin Sun's USDD stablecoin has lost its Bitcoin backing. 12,000 BTC worth around $726 million were withdrawn from its collateral. USDD is now primarily backed by Tron's native token, TRX. The move raises concerns due to TRX's volatility, though Sun claims it aligns with the plan to upgrade USDD and make it more competitive in the decentralized stablecoin market.

decrypt.co · 2 min

TLDR Crypto

THE GRASS BULLCASE

The Grass DePIN protocol is positioned to disrupt the AI space by focusing on real-time data acquisition through its 2+ million user-run nodes. Its Live Context Retrieval engine allows for continuous internet crawling, potentially rivaling search engines after enough data is collected. Its decentralized infrastructure benefits from censorship resistance and real-time data-driven LLMs.

x.com · 3 min

TLDR Crypto

WHY DOES POLYMARKET NEED CRYPTO?

Polymarket is a leading example of crypto's advantage in global prediction markets.

x.com · 2 min

TLDR Crypto

MEMECOIN WARS

Solana's PumpFun led today's Memecoin War with 7,225 tokens generating $432K in revenue, followed by Tron's SunPump with 5,873 tokens and $329K in revenue and BSC's FourMeme at 2,029 tokens and $62K, indicating a shift towards Solana's dominance.

x.com · 1 min

TLDR Crypto

BITCOIN ETFS RECORD SIGNIFICANT INFLOWS

Hong Kong's Bitcoin ETFs saw their highest inflows in a month, totaling ~$15M, indicating a slow but steady increase.

x.com · 1 min

TLDR Crypto

FBI WILL USE NFTS TO CONTACT VICTIMS OF CRYPTO FRAUD SCHEME CLUCOIN

The FBI plans to use NFTs to notify victims of the CluCoin fraud from 2021.

cointelegraph.com · 2 min