TLDR Index
TLDR Crypto

TLDR CRYPTO 2023-10-03

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01MARKETS & BUSINESS

UBS TAPS ETHEREUM TO PILOT TOKENIZED MONEY MARKET FUND

UBS has initiated a live pilot of a tokenized money market fund on Ethereum through Project Guardian, an industry initiative led by Singapore's Monetary Authority. As part of UBS's exploration of tokenizing funds, this pilot will allow the testing of on-chain fund activities. It is aimed at improving market liquidity and access for clients. Following the pilot, UBS plans to explore various investment strategies with a wider set of partners.

theblock.co2 min read

FUND

Several previously announced Ether futures ETFs went live yesterday. The ETFs give institutions a way to have exposure to Ethereum, similar to how the Bitcoin futures ETFs pioneered this for Bitcoin. The Ether futures products include offerings from BitWise and ProShares with varying expense ratios. The launches generated some excitement but were ultimately lackluster, garnering about as much volume as any new ETF does.

cnbc.com3 min read

02INNOVATION & LAUNCHES

DECENTRALIZED COMPUTING

Chainlink's new product, Data Streams, is now available on Arbitrum. Data Streams enhance speed and improve the user experience of derivative products by using low-latency market data and automated execution. With its 'pull-based' data oracle solution, this product aims to reduce network delay issues common in distributed networks.

coindesk.com2 min read

ZEROSYNC IMPLEMENTS FIRST STARK-BASED ZK CLIENT FOR BITCOIN

ZeroSync has built the first client system for Bitcoin using Stark’s proof-based technology, Starkware. Employing zero-knowledge proofs, a cryptographic method enabling truth verification without revealing extra data, ZeroSync obviates the need for Bitcoin users to download the entire blockchain or rely on a third party. This development could help address Bitcoin's slow transaction speeds and network congestion challenges while increasing privacy and scalability.

theblock.co2 min read

03GUIDES & TUTORIALS

TAKING PROFITS

This thread highlights a three-phase method for profit-taking in crypto, using the example of FET coin. The steps include identifying the market structure, applying Fibonacci retracement, and executing a strict selling plan. The method is designed to help traders lock in profits, reduce risk, and promote disciplined trading.

twitter.com2 min read

DISCORD SERVER GUIDELINES

Discord servers are one of the most common attack vectors that hackers target when going after projects. If hackers are able to gain access to a project’s discord server, they then have access to the project’s community and can use that access to trick users into sending them funds. This post provides a guide to setting your servers up securely to protect your project and your community.

github.com8 min read

04MISCELLANEOUS

LEWIS’ SBF STANCE

Author Michael Lewis has drawn criticism from both the TradFi and crypto communities alike for his portrayal of FTX and its infamous founder Sam Bankman-Fried ahead of his trial. The comments, made during an interview on CBS’s 60 Minutes, have been described by finance expert Sean Tuffy as potentially damaging as he saw FTX as a good business and seemed sympathetic to SBF and FTX.

dlnews.com4 min read

COINBASE GRANTED FULL LICENSE IN SINGAPORE

Coinbase has been granted a significant regulatory license - the Major Payment Institution license - by the Monetary Authority of Singapore. This authorization signifies the end of the company's licensing journey in Singapore and allows Coinbase to offer a broader range of services to customers in the country. This is yet another success abroad for Coinbase as it continues to battle with regulators in the United States.

theblock.co2 min read