The Daily Index — Thursday, October 3, 2024

MARKETS & BUSINESS

TLDR Crypto

FRANKLIN TEMPLETON'S ONCHAIN MONEY MARKET FUND LAUNCHES ON APTOS

Franklin Templeton has launched its OnChain U.S. government securities fund (FOBXX) on the Aptos blockchain to better integrate TradFi and DeFi. The fund, represented by the BENJI token, provides institutional investors access to U.S. government securities via the Aptos blockchain.

links.tldrnewsletter.com · 3 min

TLDR Crypto

SEC APPEALS RIPPLE CASE RULING, CITING CONFLICT WITH SUPREME COURT PRECEDENT

The SEC is appealing a court ruling in the Ripple case, arguing that the decision contradicts long-standing Supreme Court precedents and securities laws. Ripple CEO Brad Garlinghouse responded that the crypto industry has already won on key issues despite the SEC's continued legal challenge.

links.tldrnewsletter.com · 2 min

TLDR Crypto

KAMINO FINANCE: MODULAR MARKETS FOR LENDING

Kamino Finance's v2 release introduces modular lending markets, offering customizable loan parameters and risk profiles. The new system allows for tailored lending pools with unique settings for different assets, enabling users to deposit to markets that align with their risk preferences and financial needs. Key features include cross and isolated borrowing modes, multi-asset markets, and lending vaults. These are expected to improve capital efficiency and increase the loan-to-deposit ratio from 36% to traditional banking levels.

x.com · 10 min

TLDR Crypto

INTRODUCING MUSUBI: CHAINLESS SWAPS

Musubi by Kinto enables non-custodial swaps across Ethereum without the need for bridges, simplifying asset swaps and uniting liquidity. With features like reduced slippage, lower gas fees, and enterprise-grade security, Musubi abstracts complex processes and offers a smooth, chainless experience while keeping assets insured in the Kinto wallet.

threadreaderapp.com · 4 min

TLDR Crypto

HOW NORTH KOREA INFILTRATED THE CRYPTO INDUSTRY

A CoinDesk investigation reveals how North Korean IT workers using fake identities have infiltrated over a dozen blockchain projects, including high-profile names like SushiSwap and Cosmos. These hires not only pose serious cybersecurity risks but also expose companies to legal trouble, as North Korea funnels profits to support its weapons program.

threadreaderapp.com · 5 min

TLDR Crypto

ON SOLO STAKING, LOCAL BLOCK BUILDING, AND BLOBS

Summary unavailable

ethresear.ch · 3 min

TLDR Crypto

REQUEST FOR BUILDERS: CONSUMER APPS THAT BRIDGE CRYPTO AND CULTURE

This thread explores the need for more creative consumer crypto applications that bridge crypto and culture, offering real utility beyond speculation and quick profits. It suggests focusing on long-term innovation across areas like news, social media, sports, music, and health, highlighting the potential for decentralized apps to disrupt these industries and bring in a billion users by solving real-world problems.

x.com · 4 min

TLDR Crypto

UNISWAP FEE INCREASE GENERATED $53 MILLION REVENUE AMID LEGAL SCRUTINY

Uniswap, a leading decentralized exchange, generated $53 million in fee revenue between April and September, following a swap fee increase to 0.25% for most trading pairs. Despite the revenue boost, the move sparked criticism and coincided with legal scrutiny from the SEC, with Uniswap potentially using the additional earnings to address regulatory challenges.

decrypt.co · 3 min

TLDR Crypto

EIGEN TRUE FLOAT

A week ago, it was revealed that 40% of all staked $EIGEN tokens were held by 13 investor addresses, arguably misleading the public about the token's true float and impacting investment decisions.

threadreaderapp.com · 1 min

TLDR Crypto

BITWISE FILES FOR XRP ETF

Bitwise has applied to the U.S. SEC to launch the first XRP spot ETF.

threadreaderapp.com · 2 min

TLDR Crypto

TOP SEC ENFORCEMENT OFFICIAL GURBIR S. GREWAL STEPS DOWN

Gurbir S. Grewal, the SEC's Enforcement Director, is resigning after a three-year tenure where he sued ~100 crypto firms and helped secure over $20B in fines and disgorgements.

links.tldrnewsletter.com · 2 min

TLDR Crypto

GRAYSCALE'S HIGH-POTENTIAL ASSETS FOR Q4 2024

Grayscale has listed twenty digital assets with high potential for the end of the year.

threadreaderapp.com · 1 min