The Daily Index — Monday, September 16, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

SAM BANKMAN-FRIED APPEALS FRAUD CONVICTION, REQUESTS NEW TRIAL

Six months into a 25-year sentence, FTX founder Sam Bankman-Fried is appealing his fraud conviction and requesting a new trial. He claims that the former judge was biased against him after he was convicted of seven counts of fraud because of the collapse of the FTX exchange. Bankman-Fried claims that the exchange was never insolvent, as evidenced by the over-100% customer fund recovery.

coindesk.com · 2 min

TLDR Crypto

DEGODS SWITCHES TO HYBRID TOKEN MODEL

DeGods' "404" hybrid token model combines the closedness of NFTs and NFT communities with the accessibility of fungible tokens. This enables broader participation in the community while maintaining the prestige and emotional value of owning unique NFTs. The innovation aims to narrow the current valuation gap between NFTs and memecoins.

threadreaderapp.com · 1 min

TLDR Crypto

INTRODUCING EDGE ORACLE NETWORK: ORACLES MEET RISK ENGINES

Chaos Labs has unveiled the Edge Oracle Network, a risk-aware, decentralized oracle protocol that is the primary oracle for Solana's Jupiter Exchange. Edge integrates risk management, security, and real-time market context earlier in the data pipeline, allowing for precision during black swan events where traditional oracles often falter. Chaos Labs plans to fully decentralize the network in the coming weeks.

x.com · 5 min

TLDR Crypto

USING TOKEN TERMINAL

Token Terminal's new Discover Page simplifies data-driven crypto analysis, making it easier to identify profitable opportunities even in a down market. This thread highlights five key insights, including the growth of protocols like Base, Aave, Avalanche, and Celo, and offers guidance on how to leverage these metrics to inform investment strategies in DeFi blue chips such as Lido, Maker, and Uniswap.

threadreaderapp.com · 4 min

TLDR Crypto

ON BUILDING CULTURE IN CRYPTO

Culture allows for the ideas and forms of expression to scale, reaching tens of thousands of people. Lore, branding, and imagination are used heavily in Web3 to bootstrap cultural relevance quickly. The best cultures are created organically and encourage criticism to sustain their long-term health.

threadreaderapp.com · 1 min

TLDR Crypto

FUTURE OF CRYPTO WALLETS

Within the next two years, most crypto users will move away from browser extension wallets, adopting next-gen wallets powered by Passkeys, OAuth, and Account Abstraction.

threadreaderapp.com · 1 min

TLDR Crypto

INTERSECTION OF CRYPTO AND AI

This thread discusses the convergence of AI and crypto in terms of data centers, AI agents managing finances, and the importance of blockchain for authenticating items in a world of increasingly advanced counterfeits/deepfakes. It highlights that data centers for mining Bitcoin are among the largest globally, AI will soon facilitate personal financial transactions possibly using crypto, and blockchain's role in verifying authenticity amid rampant high-quality fakes.

threadreaderapp.com · 1 min

TLDR Crypto

SOLANA TRANSACTION INCREASES MAY STEM FROM BOTS

This post and associated graph indicate a large increase in daily active Solana users holding zero $SOL, suggesting these are predominantly single-use wallets likely operated by bots for volume or wash trading, especially with the spike at the end of August.

threadreaderapp.com · 1 min

TLDR Crypto

CIRCLE MOVES TO NYC

Circle has announced it will be relocating its global headquarters from Boston to NYC, signaling a move to position itself at the core of Wall Street and the global economic landscape.

threadreaderapp.com · 4 min

TLDR Crypto

BITCOIN YIELDS AS HIGH AS 45% ON OFFER IN PENDLE'S NEW POOLS

Pendle Finance's new Bitcoin pools are offering yields up to 45% for liquidity providers and fixed yields around 10% on Bitcoin-based tokens.

coindesk.com · 2 min

TLDR Crypto

MICROSTRATEGY ACQUIRES 13,800 BTC FOR $1.11 BILLION

MicroStrategy continues its Bitcoin acquisition with an additional $1.11 billion purchase, bringing its total to 244,800 BTC ($14.14B).

x.com · 1 min