TLDR Crypto

TLDR CRYPTO 2024-01-04

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01MARKETS & BUSINESS

MATRIXPORT FOUNDER SAYS DISSEMINATION OF BITCOIN ETF REPORT WAS ‘BEYOND OUR CONTROL’

A report published by research firm Matrixport opining that the spot bitcoin ETF applications in queue would be rejected was widely disseminated by news outlets and caused widespread panic and massive liquidations across the entire space. These were the largest liquidation levels since the infamous “Cointelegraph Intern” post several months ago that caught short sellers offside. The founder of Matrixport claimed that the dissemination of their analysis was outside of the firm’s control and was simply an opinion by one of the firm’s analysts.

cointelegraph.com2 min read

GOLDMAN SACHS EYEING BITCOIN ETF ROLE VIA BLACKROCK AND GRAYSCALE

Goldman Sachs is reportedly in discussions about becoming an authorized participant for the proposed spot bitcoin ETFs that BlackRock and Grayscale plan to launch in the US pending regulatory approval. This role, typically held by financial giants, is key in the multi-trillion-dollar ETF industry as it involves ensuring ETF shares align with underlying assets.

coindesk.com3 min read

02INNOVATION & LAUNCHES

SOUTH KOREAN BLOCKCHAIN KLAYTN ONBOARDS GOLD RWA DEFI PLATFORM

The Klaytn Foundation has introduced a gold-pegged cryptocurrency, $GPC, and a supporting DeFi platform called Goldstation on its blockchain. Created by South Korea's digital transformation firm CREDER, $GPC is presented as the first gold token offered on DeFi outside Ethereum without percentage-based fees. The developers highlight that the low gas fees enable individuals to more practically make smaller investments in gold. Goldstation aims to start operations, including $GPC staking, on January 24, initially targeting South Korean clients.

theblock.co2 min read

STARPORT: LENDING KERNEL

Astaria has launched Starport, a kernel framework for shaping lending protocols on the EVM. Starport doesn't function as a lending protocol itself but manages data availability and agreement compliance for any protocol. It is modular, with current and potential lending systems formed through three primary modules: Pricing, Status, and Settlement. It provides support for collateralized loans and options for ERC-20, ERC-721, and ERC-1155 as either collateral or debt.

github.com6 min read

03GUIDES & TUTORIALS

A GUIDE TO SIMPLE COSMOS STAKING FOR AIRDROPS

Airdrop farmers are expecting Dymension’s recently announced airdrop to kickoff a full airdrop season for Cosmos. This post provides a simple guide to potentially qualifying for these airdrops. To maximize chances of qualifying, tokens should be staked with active validators who participate in governance proposals, excluding centralized exchange validators. Regular on-chain activity and voting in governance proposals can also boost your chances. For larger bankrolls, owning a Bad Kids NFT could potentially increase eligibility for future drops as it did with the Dymension drop.

twitter.com3 min read

THE OFFICIAL MAX $MOBILE FARMING GUIDE FOR HELIUM MOBILE USERS

This post provides a guide to optimize farming with your Helium Mobile devices. Instructions include having a physical hotspot, a phone with the Helium service, and setting it all up so data is fed back to the hotspot from multiple devices. This setup should boost users’ chances of hitting the maximum daily farming threshold of $20, but the efficacy has still yet to be determined.

twitter.com1 min read

04MISCELLANEOUS

NFTS HAVE EVOLVED, NFTS ENDURE

This blog post outlines the progression of NFT tech over time despite this past cycle’s market volatility. It notes advancements that have significantly broadened the scope of NFT applications beyond artistic and collectible goods and highlights how improvements in transaction cost and usability have helped NFTs become more accessible. It also underscores the value of NFTs in providing digital artists and creators with a new platform for monetization and interaction with audiences. There is a bright future for NFTs as just about anything could be represented as an NFT on-chain.

usv.com8 min read

THOUGHTS ON DIGITAL IDENTITY AND STATUS

This post discusses how the digital revolution has profoundly changed how we define and express identity, allowing for anonymous or pseudo-anonymous entities to amass power, particularly in the realms of crypto and online communities. The shift enables us to divide our interests through multiple online identities, democratizes physical constraints like geography, and necessitates a nuanced, active approach to finding one's online community. While it brings more opportunities, it also presents challenges, like alienation and navigating the complexity of online groups.

oldcoinbad.com6 min read