TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-01-09

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01MARKETS & BUSINESS

BITCOIN BLASTS PAST $47K FROM ETF EXCITEMENT

Anticipation over a possible spot Bitcoin ETF approval this week has led Bitcoin to go over $47,000 for the first time since April 2022. Investors are awaiting a regulatory decision for the first spot-based bitcoin ETF in the US. Most market observers expect an approval, which would dramatically expand the investor base for the asset and attract large inflows. Multiple issuers have revealed the fees they plan to charge investors.

coindesk.com2 min read

SPOT BITCOIN ETF APPLICANTS RACE TO THE BOTTOM FOR FEES

Spot bitcoin ETF applicants, including BlackRock, Fidelity, and VanEck, are competing on fees to gain market share if approved. Bitwise leads with zero fees initially, then 0.24%, followed by Ark/21Shares with similar terms and a 0.25% fee. BlackRock offers fees as low as 0.2%, increasing later, while other firms like VanEck, Fidelity, and Invesco/Galaxy have varying fee structures.

theblock.co3 min read

02INNOVATION & LAUNCHES

INTRODUCING SAMO AND SAGA TOOLS

Solana project Samoyedcoin is launching two new products. The first is an airdrop of SAMO tokens for the first 3000 Saga phone holders who submit a claim. The second is a tool that makes it easy for any project to launch an airdrop for Saga holders.

twitter.com5 min read

MANTA ANNOUNCES AIRDROP FOR CELESTIA USERS (1 MINUTE VIDEO)

Following up on its initial airdrop announcement, Manta Network has confirmed that an additional airdrop will include the Celestia community, although the eligibility criteria have not been released yet. This is the third major airdrop that’s been confirmed for Celestia stakers in the past week, following Dymension and Saga.

twitter.com

03GUIDES & TUTORIALS

MASTER THREAD FOR AIRDROP FARMING AND POINTS PROGRAM

A collection of 45 confirmed and potential airdrops for projects in verticals ranging from Restaking to Starknet. The list includes cross-chain airdrops, Solana airdrops, Cosmos airdrops, and more.

twitter.com5 min read

SEVEN CONCLUSIONS FROM DELPHI’S YEAR AHEAD FOR INFRASTRUCTURE REPORT

Crypto research firm Delphi Digital has released its Year Ahead for Infrastructure Report. The report includes updates on L2s, alternative data availability layers like Celestia, and Solana infrastructure projects. L2s are still mostly on Stage 0. Solana is reaching all-time highs on DEX volumes, NFT volumes, and DAUs relative to ETH. Solana Payments is predicted to break out in 2024.

twitter.com8 min read

04MISCELLANEOUS

FISCAL AND MONETARY DIVERGENCE

This post discusses the divergence between U.S. fiscal and monetary policies and their impact on different parts of the economy. In recent years, the U.S. experienced a shift from monetary to fiscal dominance, impacting inflation, bond markets, and liquidity. The Fed's aggressive rate hikes to combat inflation contrasted with the Treasury's liquidity-boosting measures, leading to a complex macroeconomic environment. These actions affected financial markets and the broader economy, highlighting the significant impact of centralized fiscal and monetary policies. This divergence is expected to continue, with fiscal policy likely remaining dominant in the 2020s and 2030s, influencing U.S. GDP growth and the performance of various asset classes, including crypto.

lynalden.com20 min read

RETHINKING LIGHTNING

The Bitcoin community's enthusiasm for the Lightning Network has waned due to its complexity and reliance on custodial wallets. The Lightning Network faces key issues like channel liquidity and the inability to receive challenges offline. Mutiny Wallet aims to improve this by integrating fedimint technology, offering a more user-friendly, self-custodial solution that can dynamically share ownership of UTXOs and interoperate with Lightning. It represents the current best approach to scaling Bitcoin.

stacker.news7 min read