The Daily Index — Wednesday, November 27, 2024

MARKETS & BUSINESS

TLDR Crypto

TRUMP EYES HANDING CFTC OVERSIGHT OF CRYPTO

President-elect Trump's administration is reportedly planning to shift crypto industry oversight to the CFTC, potentially reducing the SEC's regulatory control over digital assets deemed commodities and crypto exchanges. The CFTC has a significantly smaller workforce and budget and is viewed favorably by the industry for its more measured regulatory approach. Leadership changes in the SEC, including Chair Gary Gensler's resignation and Commissioner Jaime Lizárraga's departure, coincide with the upcoming regulatory restructuring

cointelegraph.com · 2 min

TLDR Crypto

AVALANCHE BLOCKCHAIN'S LARGEST-EVER UPGRADE GOES LIVE ON TESTNET

Avalanche has launched Avalanche9000, its largest upgrade, making it easier to build apps and custom blockchains ("subnets") on the platform. Avalanche900 was launched on the testnet to reduce transaction and validator costs. Its key features include cheaper permissionless validators and lower fees. Avalanche has launched a $40 million grants program to incentivize developers to experiment and create.

coindesk.com · 3 min

TLDR Crypto

INTRODUCING EIGENGOV: PART 1

EigenLayer has introduced EigenGov, a novel governance platform designed to coordinate ecosystem participants through a network of specialized councils with specific authorities over protocol decisions. Its structure has councils making primary decisions while EIGEN tokenholders retain veto power and endorsement capabilities, inverting traditional DAO models where tokenholders delegate power to representatives. The platform will have a “Core” branch for production and a “Vision” branch for experimental features.

blog.eigenfoundation.org · 6 min

TLDR Crypto

AERODROME DEEP DIVE

AerodromeFi has emerged as the dominant DEX on Coinbase's Base chain. It drives over 50% of Base's TVL, offering unmatched liquidity efficiency through its veAERO flywheel. Aligned with Coinbase's strategy for onchain growth, Aerodrome is positioned to play a pivotal role in expanding global DeFi access, supported by major investors and innovative partnerships like Universal Asset.

threadreaderapp.com · 5 min

TLDR Crypto

ETH IS PERMISSIONLESS MONEY

ETH is a new form of permissionless money. It cannot be censored or shut down by a third party. ETH has a low inflation rate of 0.8%, the same as Bitcoin's for the next four years, and is ultimately aligned with the general expectation of a currency's inflation schedule. Even with low rollup fees, enough rollups could lead to massive ETH burn and solidify the asset as the best data availability and settlement layer.

threadreaderapp.com · 2 min

TLDR Crypto

AI AGENTS COULD BE THIS CYCLE'S STEP FUNCTION UNLOCK

AI agents are emerging as a powerful new crypto trend. They initially function like memecoins but have the potential to evolve into “ownable agents” with their own tokens that grow in value as their utility and prominence increase. With advances in ease of creation, distribution, and compelling narratives about their future potential, these agents have the potential to catalyze a new cycle of crypto adoption, much like NFTs and DeFi did in previous cycles.

x.com · 4 min

TLDR Crypto

THOUGHTS ON BULL CYCLE TIMELINE(S)

The next major market correction is predicted to come around Q1 2025, coinciding with the announcement of U.S. crypto regulations. However, a long-term positive regulatory framework could lead to a rally post-correction, particularly benefiting fundamentally strong “Dino” coins like AAVE, MKR, and ETH, which could set the stage for a potential multi-year supercycle.

threadreaderapp.com · 1 min

TLDR Crypto

MEMCOIN LAUNCHES VS. ICOS AND DEFI

The current memecoin meta of mass-producing tokens prioritizes short-term gains far more than previous eras like ICOs and DeFi, which had valuable and lasting projects.

threadreaderapp.com · 1 min

TLDR Crypto

MOROCCO DRAFTING CRYPTO LAW

Morocco's central bank governor has announced that a draft law to regulate crypto is under review, potentially ending the underground use of crypto, which was banned in 2017.

threadreaderapp.com · 1 min

TLDR Crypto

ETHEREUM HOLDS MORE USDT THAN TRON

Ethereum has reclaimed its position as the leading blockchain for Tether (USDT) supply, surpassing Tron's $58.1B with $60.3B., marking Ethereum's first lead since 2022.

cointelegraph.com · 2 min

TLDR Crypto

BASE DAILY TRANSACTION COUNT REACHES ALL-TIME-HIGH

Base has reached a record daily transaction count of 9.M, marking a ~30x increase since January.

threadreaderapp.com · 1 min

TLDR Crypto

KRAKEN TO CLOSE NFT MARKETPLACE, SHIFT FOCUS TO OTHER PROJECTS

Kraken's NFT marketplace will be fully shut down by February 2025 as it failed to see any meaningful traction.

links.tldrnewsletter.com · 1 min