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THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

BANKRUPTCY JUDGE APPROVES FTX'S REORGANIZATION PLAN

A U.S. Bankruptcy Judge approved FTX's reorganization plan, allowing for the liquidation and partial repayment of crypto holdings to creditors. This is all occurring about two years after FTX's initial collapse and legal battles. Since the plan was approved, some creditors are unhappy as they will receive about 10-25% of the current value of their crypto holdings at the time of FTX's bankruptcy (based on crypto denomination).

STEEL 1.0: A PRODUCTION-READY SMART CONTRACT PROVER

RISC Zero has launched Steel, a smart contract prover that moves EVM app execution offchain while maintaining onchain security. It effectively bypasses gas limits through contract execution proofs, enabling boundless runtime and significant cost reductions. Steel allows EVM devs to optimize expensive onchain operations and build apps that were previously impossible due to gas constraints while preserving EVM compatibility and security.

GAMING TOKENS DILEMMA: DEX OR CEX?

Gaming token projects are grappling with choosing between DEX and CEX listings. While CEX requirements are increasingly demanding and expensive, they offer guaranteed FDV and increased liquidity. DEX-centric approaches and higher community allocation aim to better support user demand and maintain their identity as gaming tokens instead of vehicles for speculation. This debate captures the larger issue between the accessibility of liquidity from CEXes and the higher degree of freedom of DEXes.

WHY MEMECOINS ARE (STILL) THE NEXT 100X OPPORTUNITY IN CRYPTO

A basket of curated memecoins driven by a “memecoin supercycle” fueled by macro conditions, financial nihilism, and cultural shifts could outperform most crypto investments in 2025. This post outlines strategies for picking potentially successful memecoins, emphasizing strong emotion resonance, wide distribution, and proven resilience. While there are risks, like macro changes and black swan events, memecoins have clear product-market fit.

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