The Daily Index — Tuesday, February 11, 2025

MARKETS & BUSINESS

TLDR Crypto

INSIDE LOOK AT A HISTORICAL LIQUIDATION EVENT

A historic liquidation event in the crypto market wiped out $14 billion in open interest within 24 hours, with ETH contracts experiencing the most volatility. Ethena successfully navigated the turmoil, capturing profits from discounted perpetual futures contracts and proving the resilience of USDe, which remained stable throughout the sell-off.

x.com · 7 min

TLDR Crypto

KHALANI: INTENT-DRIVEN GENERATIVE COORDINATION

Khalani Arcadia has introduced an intent-driven protocol suite that makes blockchain-adjacent agent networks into collaborative solver networks through its Arcadia Intents Protocol (AIP). It allows for coordination between offchain agents while maintaining onchain settlement guarantees. The architecture includes “SolverFi,” a novel mechanism for handling complex strategies and multi-chain operations through specialized solver networks. Its vision is that DeFi protocols interact through intent-based coordination rather than direct integration.

threadreaderapp.com · 3 min

TLDR Crypto

PENDLE 2025: ZENITH

Pendle experienced massive growth in 2024, with TVL increasing 20x to $4.4B and daily trading volume surging 100x to nearly $100M, establishing itself as a dominant player in DeFi yield trading. The protocol is now expanding through three strategic initiatives: enhancing V2 with permissionless listings and dynamic fees, launching Citadels to target non-EVM ecosystems and institutional markets, and introducing Boros as a new product to capture the $150B perpetual futures funding rate market. Pendle aims to become a comprehensive yield layer for both crypto-native and traditional finance users.

medium.com · 10 min

TLDR Crypto

NEW SATOSHI WALLET INSIGHTS

A new onchain analysis of Satoshi Nakamoto's wallet reveals potential connections to CaVirtEx, a Canadian exchange later acquired by Kraken. The research estimates Satoshi controls 1.096M BTC (worth over $100B), with evidence of last onchain activity in 2014, including 24 documented outbound transactions and 200 BTC sent to the Bitcoin faucet. Satoshi's connections to a centralized exchange were previously unknown and suggest that Kraken may possess relevant KYC information from its acquisition.

threadreaderapp.com · 2 min

TLDR Crypto

LAUNCHING AN AGENT ON VIRTUALS

The article explains how to launch an AI Agent on Virtuals, discussing tokenomics, bonding curve mechanics, and the importance of using at least 40% of the token supply to "align long-term incentives". Teams must balance financial investment with operational sustainability to make sure they have enough runway for development, marketing, and liquidity while graduating from the bonding curve to a Uniswap pool.

x.com · 7 min

TLDR Crypto

NO MORE ALLOWING UNVESTED TOKENS TO BE STAKED

Unvested tokens should never be stakeable since this practice undermines trust and needs to be eliminated for pre-launch projects. There should be a move away from large unlock cliffs that create market panic and instead implement smooth, linear vesting after year one. These changes would make token markets more predictable, stable, and less prone to FUD.

threadreaderapp.com · 1 min

TLDR Crypto

MEMECOINS: FROM FUN PVP TO PREDATORY INSIDER GAMES

Memecoins once functioned like high-RTP casino games, giving casual players a real shot at big wins. However, with insiders now dominating launches and draining the odds, the game has turned predatory, stripping away the thrill and fairness that made it fun in the first place.

threadreaderapp.com · 1 min

TLDR Crypto

BLOCKCHAIN TRENDS

Many previously popular blockchain networks, like Harmony (-99.9% TVL decline), Aurora (-98.9%), Moonriver (-99.3%), and others, have seen large decreases in their total value locked (TVL), while even major chains like Polygon have suffered a 92% drop from their peak.

threadreaderapp.com · 1 min

TLDR Crypto

OPENSEA TAKES DOWN TOKEN CLAIM SITE

OpenSea seems to have taken down its token claim site, potentially because of backlash over KYC requirements in certain jurisdictions.

threadreaderapp.com · 1 min

TLDR Crypto

POTENTIAL INCOMING LITECOIN ETF

Of the existing cryptocurrencies without an ETF, Litecoin currently has the highest chance of approval given it's not classified as a security like SOL and XRP are.

threadreaderapp.com · 1 min

TLDR Crypto

BLACKROCK INCREASES OWNERSHIP OF STRATEGY TO 5%

BlackRock now owns 5% of Strategy (formerly MicroStrategy), up 0.91% since September 2024.

coindesk.com · 1 min

TLDR Crypto

INTRODUCING SOLANA SKYLINE COWORKING SPACE

The Solana Foundation has launched a new coworking space with weekly events in New York City.

threadreaderapp.com · 1 min