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THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

REVOLUT TAPS MORPHO TO POWER DEFI YIELD FOR MILLIONS OF USERS

Revolut has selected Morpho as its DeFi backend, marking a major step toward bringing Ethereum-native yield products to its global user base. The British fintech, celebrating its 10th anniversary, will offer Morpho-powered crypto savings features as a modern alternative to traditional bank accounts. The move also hints at a broader trend of major fintechs bootstrapping through existing EVM deployments before launching their own L2 infrastructure.

ZCASH 2.0 & PROJECT TACHYON

Bitcoin's pseudonymity has failed to provide true privacy, while centralized structures like ETFs enable wealth seizure, and transparent balances expose users to physical attacks, creating demand for genuinely private money. Zcash uses zero-knowledge technology with end-to-end encryption to achieve real privacy, but current ZK systems face severe scalability limitations from state contention and wallets needing to download all transactions. Project Tachyon, led by ZK engineer Sean Bowe, aims to solve these scalability issues within 12 months, potentially creating the world's first private money at planetary scale.

HOW TO BECOME A CRYPTO INTERN

Crypto "interns" are actually social media and community managers with skills in writing, psychology, content creation, and deep industry knowledge to succeed in these highly sought-after roles. Applicants should emphasize quality over quantity in job applications, build knowledge through specific books and active crypto participation, and simplify complex concepts for audiences. Key career growth strategies include taking ownership beyond your core role, becoming irreplaceable by filling critical gaps, solving problems proactively rather than just identifying them, and building trust through clear communication and reliable execution.

BITCOIN VS. THE IMF

BitMEX lays out a powerful case for Bitcoin as an alternative to IMF-style financial dependency, tracing the Fund's history of coercive lending and contrasting it with Bitcoin's potential to restore national sovereignty. While the IMF continues to impose restrictive conditions—as seen in its 319 Bitcoin-obsessed mentions in El Salvador's 2025 loan reports—countries like Bhutan have sidestepped IMF reliance entirely by using surplus hydropower to mine 11,611 BTC, now worth 42% of its GDP. Bitcoin is not just a reserve asset, but a geopolitical tool that enables smaller nations to invest in infrastructure and avoid the “Jackals” of legacy finance. If adoption grows, Bhutan and other resource-rich nations could emerge as strategic winners in a post-IMF world.

CONVERGENCE TRADE: THE PUMP TRADE YOU NEVER HEARD ABOUT

The $PUMP convergence trade exploited a 10% price spread between Binance and HyperLiquid perps by going long on Binance while shorting on HyperLiquid, capturing both the premium convergence and massive funding rate differentials. This delta-neutral strategy yielded 13-18% returns in just 2 days when prices converged at $0.0068, though it required careful margin management due to HyperLiquid's isolated margin requirements and potential premium expansion risks. The opportunity exists because both exchanges compete to be the primary quote venue for new assets with separate pre-markets that don't reference each other, creating inefficiencies that persist until spot trading enables easier arbitrage.

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