TLDR CRYPTO 2023-12-19

WITH ALL EYES ON BITCOIN ETF DECISION, SEC KICKS ETHER CAN DOWN THE ROAD

The SEC has deferred its decisions on several proposed ether-focused ETFs, including those by Hashdex, Ark Invest, Grayscale, and VanEck. The agency stated it needs more time for a ruling and welcomes public comments on the proposals. The SEC previously delayed a decision on the Invesco Galaxy Ethereum ETF, but it anticipates a ruling, or an additional delay, by February 6. Decisions on proposed spot bitcoin ETFs by Ark Invest and 21Shares are expected by January 10.

BITCOIN FEES SPIKE TO 2-YEAR HIGH AS ORDINALS BONANZA GIVES WINDFALL PROFIT TO BTC MINERS

Bitcoin transaction fees hit their highest levels since April 2021 in response to the increasing popularity of Ordinals. The surge in transaction fees derived from Ordinals benefits Bitcoin miners who are earning nearly $63 million daily from these fees, marking almost four times the two-year average. Consequently, stocks for Bitcoin mining companies like Marathon Digital, Riot Platform, and Cleanspark outperformed Bitcoin prices in December.

METAPLEX INSCRIPTIONS AND ENGRAVINGS

Metaplex has announced a new standard for fully on-chain and immutable digital assets on Solana called Metaplex Inscriptions and Engravings. Unlike other NFTs on Solana, which often store their data on external services, these inscriptions allow metadata and media to be stored fully on Solana. This standard could increase both security and composability, allowing for the creation of Solana's first truly immutable NFTs. Both programs are now available on devnet.

MILKYWAY ROLLS OUT CELESTIA LIQUID STAKING PROTOCOL ON OSMOSIS

MilkyWay has rolled out the first liquid staking protocol for the Celestia network, featuring milkTIA tokens representing staked TIA positions. This offers users a more capital-efficient alternative to traditional staking options. The protocol uses smart contracts on Osmosis and is managed by a consortium of seven operators, ensuring security for staked assets. This development follows Celestia's mainnet launch in the Cosmos ecosystem, which has seen TIA's value increase by approximately 400% since October.

9 THINGS THAT EXCITE US IN WEB3 IN 2024 BY SPARTAN GROUP

This post outlines Spartan Group’s predictions for 2024 for the crypto industry, with significant advancements expected in areas like web3 games, Bitcoin blockchain and consumer apps, and artificial intelligence's intersection with blockchains. The emergence of more robust and complex web3 games could attract millions of new users. Meanwhile, more sophisticated web3 interfaces and autonomous on-chain agents are predicted to enhance user experience and efficiency. Furthermore, the tokenization of real-world assets and progress in blockchain-based scientific contributions are also anticipated.

116 QUALITY PEOPLE YOU SHOULD FOLLOW IN CRYPTO

If you’re new to the space, one of the most challenging things to figure out is who you should and shouldn’t listen to on Crypto Twitter. This thread attempts to provide a little help in that area and lays out a curated list of key people to follow in the space divided into four distinct categories: arts & culture, venture & trading, founders & builders, and storytellers & community members.

MULTIPLE CONCURRENT LEADERS IN SOLANA

This post goes over the idea of Multiple Concurrent Leaders in Solana. With two or more leadership nodes, transaction latency and over-extraction can potentially be reduced, benefiting transaction processing time and costs. The concept of MCL has additional implications, such as fee and time priority execution, resource usage balance, network forking, and so on. The aim of MCL adoption would be to optimize Solana's network performance and reduce vulnerabilities to manipulative actions.

50-YEAR STORMS

This thread makes the case that blockchain tech is a “50-year storm”, a technological revolution on a scale that only happens once every few generations. According to the thread, cryptocurrencies like Solana and services like Coinbase will challenge traditional financial systems, redefining the infrastructure of trading, payments, executions, and custody.

LI JIN ON POINTS SYSTEMS

Points programs have become all the rage lately in the crypto ecosystem. In light of that, Li Jin of Variant provides some insight into her past experiences with points programs in a Web 2.0 company.

SOLANA AIRDROP TRACKER (SPREADSHEET)

This sheet provides a comprehensive overview of all potential airdrops on Solana. It lists each protocol on the chain that could possibly have an airdrop, its airdrop status, suggested farming strategies, and more.

HELIUM MOBILE CRACKS DOWN ON MOBILE TOKEN FARMERS

Helium Mobile has experienced a surge in sign-ups, driven by MOBILE token's price rise, forcing them to change some rules to combat suspicious accounts and gaming of its crypto rewards system.

BLACKROCK AMENDS ETF APPLICATION TO CASH INSTEAD OF IN-KIND

Amid what looks like negotiations with the SEC to gain approval on its ETF application, Blackrock has amended its plan to include a cash convert instead of in-kind ETF. This short thread provides a basic description of what that means practically.

YOUR REFERRAL LINK - https://tldr.tech/crypto?ref=2613930