TLDR Index
TLDR Crypto

TLDR CRYPTO 2023-12-05

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01MARKETS & BUSINESS

STANDARD CHARTERED-BACKED ZODIA CUSTODY JOINS RIPPLE-OWNED METACO’S GLOBAL CRYPTO STORAGE NETWORK

Zodia Custody, a crypto storage provider backed by Standard Chartered, is joining Metaco's network, a settlement and safekeeping infrastructure provider for digital assets. The partnership aims to offer global sub-custody, where one institution uses another to hold its assets. Hailed as the "third generation of crypto custody," this move is part of an emerging trend towards improved counterparty risk management in the crypto space.

coindesk.com2 min read

CRYPTO.COM SECURES ELECTRONIC MONEY INSTITUTION LICENSE FROM UK FINANCIAL REGULATOR

Crypto.com obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority. The license allows the platform to issue electronic money and provide financial services, joining the ranks of other crypto firms like Coinbase and Gemini. This aligns with Crypto.com's extensive efforts to secure compliance registrations globally, aiming to expand its product offerings amid increased scrutiny on the crypto industry.

theblock.co2 min read

02INNOVATION & LAUNCHES

SOCGEN ISSUES GREEN EURO-DENOMINATED BOND ON ETHEREUM

French bank Societe Generale has issued its first green bond on Ethereum valued at approximately $10.8 million with a three-year maturity. Issued by the bank's crypto team, the tokenized bond offers greater transparency and traceability of transactions, including carbon footprint data. The bank is seemingly expanding its interests in digital assets as previously seen with their plans for an Ethereum-based euro-pegged stablecoin.

blockworks.co2 min read

MANTLE RELEASES LIQUID STAKING PROTOCOL, EXPANDING BEYOND LAYER-2 OPERATOR

Mantle, an Ethereum L2 project with a $2.3 billion treasury, has launched its new liquid staking protocol, Mantle LSP. The protocol, the second core product in the Mantle ecosystem, allows users to stake their ETH to receive $mETH tokens, which they can use to earn yield. The main Mantle Network, which was launched in July, currently holds over $220 million in deposits.

coindesk.com2 min read

03GUIDES & TUTORIALS

CELESTIA: PIONEERING THE MODULAR BLOCKCHAIN REVOLUTION

This post gives a good introduction to Celestia, a recently launched modular blockchain, making waves with its unique design and functionality. Celestia is a first-of-its-kind modular blockchain network, designed for scalability and flexibility, utilizing Cosmos SDK and Tendermint consensus. It optimizes for data availability and supports diverse applications, including DeFi, through its unique architecture and innovative use cases like rollups and decentralized sequencers.

cryptopragmatist.com10 min read

ZERO-KNOWLEDGE PROOFS IN PLAIN ENGLISH

This guide breaks down zero-knowledge proofs for beginners. ZKPs allow a party to prove knowledge of a secret without sharing it. Its two key benefits in blockchain tech are offering privacy in open networks and reducing computational load on the network. Despite being relatively complex, ZKPs are being leveraged for a wide range of use cases, applications, and protocols.

mirror.xyz9 min read

04MISCELLANEOUS

WHAT ONCHAIN APPS ENABLE

This blog post explains how putting data or resources on-chain can reveal patterns of user behavior across time and applications. This aggregated metadata, or metagraph, allows for expanded consumer engagement, from identifying superusers to creating more personalized experiences. These benefits give on-chain apps advantages and use cases that off-chain apps could never have.

backoftheenvelope.substack.com8 min read

CHARTING HISTORY'S RHYME: UNDERSTANDING THE CYCLICALITY OF CRYPTO MARKETS

This analysis delves into the cyclicality of the crypto market, focusing on Bitcoin. The current cycle, which is the sixth, has been ongoing for just over a year. The market seems to be in the middle phase of a median-duration bull cycle, if it follows similar patterns from the past. The current Bitcoin cycle has been relatively smooth in comparison to previous cycles, though it's likely to see at least 10 more corrections before reaching the cycle's peak if the past is a guide. The post also dives into some of the other factors affecting the Bitcoin cycle and crypto cycles in general.

thedefiant.io10 min read