TLDR Index
TLDR Crypto

TLDR CRYPTO 2023-09-25

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01MARKETS & BUSINESS

OVERSEAS DERIVATIVES BUSINESS

Coinbase apparently mulled over the idea of purchasing FTX's European arm after FTX’s fall last year. While the talks did not progress extensively, the move highlighted the importance of derivatives in Coinbase's global strategy. As spot trading volumes have declined during the bear market, derivative volumes have risen, particularly in Asia. Coinbase's interest also brought about questions regarding the future of crypto derivatives in Europe, as FTX Europe was the only company offering a type of crypto derivative called perpetual futures.

archive.ph3 min read

AS OTHERS DEPART THE US, COINSHARES EXPANDS VIA NEW HEDGE FUND UNIT

Crypto investment firm CoinShares is launching a hedge fund division, CoinShares Hedge Fund Solutions, to cater to US investors, marking the firm's expansion into the country. The unit will be led by Lewis Fellas and offer funds based on Bitcoin and Ethereum. This move comes while other companies have been exiting the US due to its oppositional regulatory stance. CoinShares CEO Jean-Marie Mognetti sees potential with the product as he has observed increased demand for active digital asset management amid an inflation-driven macro environment.

blockworks.co2 min read

02INNOVATION & LAUNCHES

ERC5564 CONTRACTS FOR STEALTH ADDRESSES ON EVM CHAINS

This developer has open-sourced an EVM chain-based protocol for private payments and transfers of any asset, including ERC20 and ERC721 tokens. The smart contracts aim for a balance between stealth and simplicity. The idea was based on a framework that Vitalik Buterin proposed for stealth addresses. The technology is accessible for developers seeking transaction privacy, leveraging ERC5564, a formal standard for stealth addresses.

github.comGitHub repository

INNOVATION

ZeroSync, a Swiss non-profit, is aiming to bring zk proofs to Bitcoin, starting with a zk proof-based light client for the network. Its roadmap includes developing a protocol on top of Bitcoin to increase throughput, allowing for the incorporation of tokens and enhanced privacy. The project, which is funded by grants and is the first to use StarkWare's Cairo programming language outside Ethereum, would require a soft fork in Bitcoin's code. The ZeroSync team is currently exploring options and participating in the community to find the best approach.

blockworks.co3 min read

03GUIDES & TUTORIALS

ANALYZING ETHEREUM WITH CRYO

This post provides a guide to using Cryo, a flexible user-friendly tool built by Paradigm that enables developers to easily extract blockchain data into multiple formats for analysis. The tool utilizes Rust and Python for data exploration, allowing users to download different datasets like blocks, transactions, and logs. The post offers a walkthrough of how to install Cryo, extract and download Ethereum data, and analyze it using Python libraries.

mteam88.github.io6 min read

EXTENDING THE ETHEREUM-EQUIVALENCE DEFINITION

This article examines the concept of Ethereum-equivalence and introduces a layer of advanced definitions. The idea is to identify levels within Ethereum-equivalence, building up on conventional meanings towards a more philosophical alignment. This hierarchy aims to provide a roadmap for rollups and in achieving a full 'Ethereum on Ethereum' structure. The author proposes two further levels within the Ethereum-equivalence hierarchy, providing a comprehensive view of the topic. They also elaborate on what each level offers and the virtues of full Ethereum-equivalence.

finestone.mirror.xyz10 min read

04MISCELLANEOUS

THE BURN

NounsDAO is due for an update. This proposal lays out plans to burn any excess ETH held by the treasury. The move would tie the treasury, the Nouns supply, and the auction price together, and encourage the DAO voters to spend the treasury, increase the Noun supply, and raise the auction price. The proposal also suggests a waiting period post-update to allow the DAO to coordinate, potentially setting the first burn date for New Year’s Eve, 2023.

w.mirror.xyz6 min read

PROGRESSIVE COMPLIANCE

This article from Placeholder explains how the legal and regulatory uncertainties surrounding blockchains and dapps remain key barriers to mass adoption. Many projects aim to achieve "progressive decentralization" to comply with current regulatory frameworks. The primary challenge with this approach lies in accomplishing compliance without compromising foundational principles. The article lays out a parallel concept called “progressive compliance” for companies or protocols whose business models do not make sense to decentralize.

placeholder.vc3 min read