TLDR Index
TLDR Crypto

TLDR CRYPTO 2023-11-30

5 sections12 entrieslinks blockcomplete parse

Parse notes

  • Subscription/account footer truncated before parsefooter_truncated

01MARKETS & BUSINESS

GRAYSCALE GEARS UP FOR SPOT BITCOIN ETF, UPDATING TRUST AGREEMENT FOR SAKE OF ‘OPERATIONAL EFFICIENCIES’

Grayscale is updating its Grayscale Bitcoin Trust, marking the first modification of the trust since 2018, in preparation for a potential transition to a spot bitcoin ETF. The changes include a daily fee payment structure and the option for assets to be blended in an account for easy share creation and redemption. Experts are suggesting that this is yet another sign that the spot bitcoin ETF applications from Grayscale and others will be approved.

coindesk.com2 min read

ABU DHABI TOKENIZED EQUITY?

The Abu Dhabi-based M2 Exchange has launched a token called MMX that is tied to M2 Global Wealth Limited, giving rise to speculations of a possible tokenized equity platform being approved in Abu Dhabi. There are questions about its business structure as it has entities regulated both in Abu Dhabi and the Bahamas. However, Abu Dhabi's new legislation reflects a desire to make the city into a crypto hub, and allowing for tokenized equity like this thread suggests would set the region apart.

twitter.com3 min read

02INNOVATION & LAUNCHES

SEI V2 - THE FIRST PARALLELIZED EVM BLOCKCHAIN

Sei is planning a major upgrade to the chain, intending to create the first fully parallelized EVM. Known as Sei v2, the upgrade will allow the Sei network to maintain its rapid block finalization and transaction rate while adding support for EVM smart contracts. This means developers can implement already-audited smart contracts from EVM-compatible blockchains without changing their code. The upgrade is expected to be released on testnet in Q1 2024.

blog.sei.io7 min read

REPUBLIC SET TO LIST FIRST-OF-ITS-KIND PROFIT-SHARING DIGITAL SECURITY, THE REPUBLIC NOTE

Republic has announced its plans to list its profit-sharing digital asset, the Republic Note, on INX’s US-regulated trading platform. This listing could be a transformative step towards making private market investments more accessible to investors worldwide. The Republic Note grants access to gains from Republic’s broad venture portfolio which includes over 750 private companies.

finance.yahoo.com3 min read

03GUIDES & TUTORIALS

WHAT IS PORTAL AND HOW DO YOU FARM IT?

Portalcoin is aiming to revolutionize the web3 gaming space by introducing a universal gaming coin across multiple blockchains. Its initiative includes a Portal Wallet that will enable easy cross-chain gaming and it has partnered with over 200 games. You can farm Portalcoin through social media engagement. Gamers can use the coin for in-game purchases, governance, staking, buying NFTs, and purchasing nodes.

twitter.com2 min read

CASINO TOKENS BREAKDOWN

This thread analyzes and compares the performances of three crypto casino tokens: $RLB, $BCB, and $KNK. The analysis is based on the volumes/revenues of each token's respective product. According to this analysis, $RLB has been the best performer, with its current market cap sitting at $500m and an approximate 20% monthly growth rate. $BCB and $KNK have shown less promising growth rates, with $KNK recently experiencing a steep decline.

twitter.com6 min read

04MISCELLANEOUS

RETHINKING THE FLATCOIN PROBLEM

This article debates the necessity of a stablecoin for a robust monetary system, challenging the common belief that market-based cryptocurrencies like Bitcoin could fulfill this role. The author suggests a simplified monetary system, maintaining price stability with optimal interest rates, rather than attempting to create a stablecoin pegged to purchasing power. Establishing a native unit of account with a controlled monetary policy might be more beneficial than launching yet another stablecoin effort.

medium.com5 min read

ON REAL ESTATE

This older thread goes over the concept of real estate and how it isn’t actually that different from digital ownership. Punk 6529 likens the process of buying property - acquiring title deeds and registering at the county office - with owning an NFT, asserting that both are symbolic of digital or physical ownership respectively and are only a social convention. NFTs are as secure as physical property and can be enforced with math instead of just physical force.

twitter.com9 min read