TLDR Index
TLDR Crypto

TLDR CRYPTO 2023-12-01

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01MARKETS & BUSINESS

MICROSTRATEGY BUYS $593.3 MILLION IN BITCOIN, MAY RAISE UP TO $750 MILLION IN NEW STOCK SALE

Michael Saylor’s MicroStrategy announced it has bought an additional 16,130 bitcoins for $593.3 million, its biggest purchase in over two years. This brings the company’s total holdings to 174,540 bitcoins. The firm has announced plans to potentially raise an extra $750 million by selling new Class A common stock to buy more bitcoin. The company's average price per bitcoin in this purchase was $36,785.

theblock.co1 min read

HONG KONG SECURITIES TRADE GROUP PROPOSES INITIAL COIN OFFERING PORTAL

The Hong Kong Securities & Futures Professionals Association has proposed creating an ICO portal for the city. ICOs emerged as a fundraising method after Ethereum launched in 2015 but later faced a crackdown due to violations of securities rules. Given the shifting market sentiment and the competition amongst cities to become crypto hubs, some jurisdictions are reconsidering their harsh stances on ICOs.

coindesk.com2 min read

02INNOVATION & LAUNCHES

INSTITUTIONAL CRYPTO TRADING PLATFORM TALOS TAPS INTO UNISWAP'S LIQUIDITY

Crypto trading platform Talos is set to offer its clients access to Uniswap, marking its first foray into sourcing liquidity from a DeFi exchange. This move also signifies the first enterprise API integration for Uniswap Labs, enabling more comprehensive liquidity access for institutional investors on Talos, even for lesser-known projects, and deeper liquidity for major assets like ETH.

coindesk.com1 min read

RARIBLE’S RARI FOUNDATION TAPS ARBITRUM FOR ROYALTY-EMBEDDED EVM CHAIN

Rarible's nonprofit arm, the RARI Foundation, has launched a beta for a new blockchain, RARI Chain, which is an EVM chain that has royalties directly integrated. Built on Arbitrum, RARI Chain is designed to become an NFT infrastructure solution. This development aligns with Rarible’s recent focus on royalty enforcement, which has set it apart from marketplaces that don't support or enforce royalties.

cointelegraph.com2 min read

03GUIDES & TUTORIALS

A COMPARATIVE ANALYSIS OF DECENTRALIZED SOCIAL PROTOCOLS

Social media platforms, traditionally based on commercial motives, have greatly dampened the expected participatory culture on the internet. However, decentralized and alternative social media platforms may offer a return to a democratic cultural production online, where data is user-controlled, community-driven, and innovation is open source. This post highlights some of the similarities and differences between existing decentralized social protocols.

mirror.xyz12 min read

CRYPTO ECONOMY SNAPSHOT: NOVEMBER 2023

While November was a mostly positive month in terms of price for crypto assets, the Flipside Crypto Economy Snapshot revealed a more mixed performance, with DEX transaction volumes showing instability due to SEC actions on Binance and Kraken and ETF-related rumors. Despite a 20% drop from the month's start, there was a 13% growth in TVL across the board. This overview of the crypto economy shows Ethereum L2s outperforming direct competitors in new smart contract deployments.

data.flipsidecrypto.com7 min read

04MISCELLANEOUS

“UNHINGED” KYBER HACKER DEMANDS COMPLETE CONTROL OVER THE DEX

The hacker behind the KyberSwap hack that resulted in a loss of $48 million has come back to the table and demanded complete control of the DEX. In an unusual move, the hacker demanded all company documentation, control over the KyberDAO, and forfeiture of all assets. They have also proposed structural changes, promising to double employees' salaries and refund 50% of market-making losses. The hacker has given a deadline of December 10 for these demands to be met.

thedefiant.io5 min read

FXHASH HEADED TO ETHEREUM

Fxhash, a popular generative art platform on Tezos, is expanding to Ethereum and launching its 2.0 product. The platform advocates for openness and acceptance, allowing any generative artist to readily customize and release their works, differing from the selection process of other platforms that it will be competing with on Ethereum.

twitter.com2 min read