The Daily Index — Monday, October 7, 2024

MARKETS & BUSINESS

TLDR Crypto

EXPERTS WEIGH IN ON WHAT A TRUMP OR HARRIS PRESIDENCY COULD MEAN FOR THE CRYPTO INDUSTRY

The upcoming presidential election presents conflicting approaches to crypto, with Trump adopting a pro-crypto stance and Harris being more cautious. Industry experts generally agree crypto will be fine regardless of the outcome, but a Trump presidency might be more immediately positive due to more transparent policy positions and promises. The election's primary impact will be in alleviating regulatory uncertainty, though the candidates' approaches differ in speed and size.

theblock.co · 13 min

TLDR Crypto

BERRYSWAP – AN AI POWERED TELEGRAM BOT

BerrySwap enables users to trade any ERC20 token on Ethereum using a chatbot. Users will not need to directly manage a wallet as BerrySwap integrates Account Abstraction with Privy and sponsored transactions via Biconomy. BerrySwap plans to support multiple EVM-compatible chains in its production version.

threadreaderapp.com · 2 min

TLDR Crypto

NEXUS: THE FIRST ONCHAIN AI AGENT FRAMEWORK

Talus Network has released Nexus, a fully onchain agentic framework. It allows for the creation of Talus Agents that are capable of making complex actions like managing digital assets or automating online interactions. AI Agents must live on the blockchain to ensure censorship resistance, transparency, and composability. Talus is an L1 with support for Move language-based smart contracts.

threadreaderapp.com · 6 min

TLDR Crypto

HOW TO LAUNCH A HYPED, LEGIT TOKEN, FROM THE CEO OF COINLIST

To launch a hyped token, the community needs to feel like insiders, which can be accomplished through a discounted community round, and everyone else should have a fair launch price. Make the VC vesting and insider holdings transparent with clear rules about what is and is not allowed. Though some level of vesting is valuable for ensuring long-term alignment, it also promotes low float, high FDV tokens that slowly sink from continuous unlocks.

threadreaderapp.com · 1 min

TLDR Crypto

PROGRESSIVE'S DREAM: PANTERA BLOCKCHAIN LETTER SEPTEMBER 2024

This letter argues that Bitcoin aligns with the progressive ideals of financial inclusion despite opposition from some politicians. There have been recent endorsements of blockchain from politicians in both parties, signaling the positive impact of lobbying and optimism about the future of blockchain regulation in the United States. The letter also covers debates on DePIN networks, with proponents highlighting its potential for capital-efficient infrastructure development and skeptics cautioning about high monitoring and capital costs. Finally, the letter explores the pros and cons of appchains, weighing the benefits of ecosystem integration against greater control over tokenomics, MEV, and blockspace.

panteracapital.com · 15 min

TLDR Crypto

EIGENLAYER 'ERRONEOUSLY TRANSFERRED' $5.5 MILLION WORTH OF TOKENS TO ATTACKER

EigenLayer accidentally sent $5.5 million worth of tokens to an attacker, who promptly sold them, after its recent token launch. Initially, it was suspected that an insider broke EigenLayer's vesting agreement, but in reality, a malicious actor was able to convince the EigenLayer team they should receive an initial allocation.

theblock.co · 2 min

TLDR Crypto

CRYPTO AND TRADFI CONTINUE TO MERGE

Tradfi and crypto sectors continue to integrate, with companies like Gnosis Pay moving into Tradfi while platforms like PayPal and Revolut are launching their own stablecoins. These recent developments suggest the industries are beginning to combine, offering the best of both sectors with innovations like direct stablecoin transactions, under-collateralized loans, and tokenized assets serving as loan collateral.

threadreaderapp.com · 1 min

TLDR Crypto

CRYPTO IS GOOD (FOR THE EARTH)

Decentralized Energy Networks (DENs) are a potential use case for crypto that improves the efficiency of renewable energy systems.

threadreaderapp.com · 13 min

TLDR Crypto

HOW JESSE POLLAK THINKS ABOUT PRIVACY ON BASE

Jesse Pollak, the head of the Base L2, believes privacy is a critical human right and sees its development on Base as a 2025 priority.

threadreaderapp.com · 1 min

TLDR Crypto

TOKEN LAUNCHES TODAY ARE FLAWED

Token launches today have lower availability, insider-centric distributions, and complex vesting schedules that arguably do not ensure long-term insider-community member alignment.

threadreaderapp.com · 2 min

TLDR Crypto

TETHER CONTINUES TO GET DELISTED FROM EUROPEAN EXCHANGES

As Tether faces delisting from various EU exchanges, there's a marked shift towards well-regulated, audited stablecoins and a potential increase in demand for truly decentralized alternatives.

threadreaderapp.com · 1 min

TLDR Crypto

EVERY INSTITUTION WILL HAVE A BLOCKCHAIN

Institutions have begun developing their own blockchain and tokenization platforms, demonstrating the growing adoption of public chains and tokenized assets.

threadreaderapp.com · 1 min