The Daily Index — Friday, January 10, 2025

MARKETS & BUSINESS

TLDR Crypto

COINBASE SUBPOENAED BY CFTC IN POLYMARKET INVESTIGATION, ALERTED USERS VIA EMAIL

Coinbase has received a subpoena from the CFTC seeking customer information related to Polymarket. The prediction market, which recorded $9 billion in 2024 trading volume despite blocking US users, has been under fire, with prior regulatory actions including a $1.4 million CFTC settlement and a recent FBI raid on the CEO's apartment. The platform reached peak activity in December with over 300,000 active traders. Concerns persist about U.S. users bypassing restrictions through VPNs.

links.tldrnewsletter.com · 3 min

TLDR Crypto

BUIDLPAD ANNOUNCES FIRST COMMUNITY SALE FOR SOLAYER'S DEBIT CARD

Buidlpad has launched its first community sale, which features Solayer's debit card and its native $LAYER token, aimed at empowering retail investors through equitable fundraising. Solayer, a blockchain innovator with $350M+ in TVL, is offering 3% of its governance token supply via Buidlpad to foster community engagement and align interests for long-term growth.

links.tldrnewsletter.com · 3 min

TLDR Crypto

SOLANA PUSHES VALIDATORS TO TEST EARLY 'FIREDANCER' UPGRADE

Solana is accelerating the testing phase of Firedancer, a highly-anticipated Jump Crypto-developed client upgrade that promises one million transactions per second, by requiring a supermajority of testnet validators to run Frankendancer, an early hybrid version, by week's end. The Solana Foundation is utilizing its delegation program to incentivize validator adoption, threatening to revoke delegated stake from non-compliant validators. However, early adopters report stability challenges with the new client.

coindesk.com · 3 min

TLDR Crypto

A BITCOIN L2 THESIS

Bitcoin L2s have a compelling case to address a larger market than Ethereum L2s, primarily since they must provide scaling and programmability while ETH L2s only focus on scaling. Since security will be more critical and differentiated, they will capture conservative and risk-seeking capital due to Bitcoin L1's limited programmability. Some of the most promising Bitcoin roll ups will use zero-knowledge technology for enhanced security and scaling.

dba.xyz · 17 min

TLDR Crypto

MEGAETH VS MONAD VS HYPERLIQUID: WHO LEADS IN INSTANT BLOCKCHAIN TRANSACTIONS?

MegaETH, Monad, and Hyperliquid are pushing blockchain's boundaries, each vying to lead in instant transactions with innovative architectures. This comparison breaks down their strengths (MegaETH's real-time Layer 2 speed, Hyperliquid's financial market focus, and Monad's decentralized parallel execution), highlighting how each addresses blockchain scalability and performance.

x.com · 8 min

TLDR Crypto

COMMENTARY ON COINBASE ACCOUNT FREEZES, BANKING ESCALATIONS, AND CUSTOMER RISK

This thread unpacks a rare, public example of a financial institution's escalation process, sparked by a crypto VC's account freeze and swift resolution. It dives into how financial systems bucket users, the complexities of servicing “sophisticated” clients, and why high-risk options remain tightly controlled despite user demand.

threadreaderapp.com · 5 min

TLDR Crypto

IT'S STILL A BULL MARKET RELAX

In this post, Kane, founder of Infinex and Synthetix, provides an in-depth overview of crypto projects he is focused on at the start of 2025 (e.g., Infinex, Synthetix, Echo, Ethereum, and Solana, among others), highlighting their development progress, use cases, and future potential. He also shares predictions for the broader crypto market, anticipating significant growth in Bitcoin, Ethereum, and onchain activity while emphasizing the need for continued innovation and participation in the space.

links.tldrnewsletter.com · 15 min

TLDR Crypto

COINBASE WALLET USERS CAN NOW USE APPLE PAY

Coinbase Wallet users based in the US can now use Apple Pay to purchase tokens for their wallet.

threadreaderapp.com · 1 min

TLDR Crypto

BASE IS DOING MORE VOLUME THAN ETH MAINNET

Base is outperforming Ethereum Mainnet in daily trading volume ($2.3B vs. $2.2B), with Aerodrome generating more ETH and BTC trading volume than all top Mainnet Uniswap pools combined, despite having only one-tenth the TVL.

threadreaderapp.com · 1 min

TLDR Crypto

INSIGHTFUL PODCAST FROM KAIN AND MARC

In a recent podcast, Kain and Marc discuss Ethereum's strong fundamentals, its lagging price, and how Layer 2 tokens are diluting ETH liquidity.

threadreaderapp.com · 1 min

TLDR Crypto

THE BEST BTC YIELDS MEGATHREAD

One of the highest yield opportunities for Bitcoin right now is through Pendle Finance's Berachain product, where users can opt to earn Bera points or fixed yield.

threadreaderapp.com · 2 min

TLDR Crypto

HOW TO TAKE ADVANTAGE OF NARRATIVES

This post outlines the lifecycle of market narratives, starting from early innovation and gaining mindshare to market booms, retracements, hype peaks, and eventual stability.

threadreaderapp.com · 2 min