TLDR CRYPTO 2024-01-11

SPOT BITCOIN ETF RECEIVES OFFICIAL APPROVAL FROM THE SEC

The U.S. Securities and Exchange Commission has approved the nation's first regulated spot Bitcoin ETFs, allowing investors to gain direct exposure to Bitcoin's price without owning the cryptocurrency. Applications from 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton were approved and now can be listed and traded on exchanges. The SEC has consistently denied all bitcoin ETF requests in the past, but it was forced to revisit its position after Grayscale won a court case in 2023 that overturned its denial of an application.

WHY ARE BITCOIN ETFS SUCH A BIG DEAL? GOLD PROVIDES A $100 BILLION ANSWER

Bitcoin ETFs have sparked enthusiasm among investors. While there's uncertainty about whether Bitcoin ETFs will match the impact of gold ETFs, analysts predict substantial capital inflows and market growth, potentially reshaping the cryptocurrency industry and integrating it more closely with traditional finance. Gold ETFs transformed the gold market when they were introduced two decades ago, sparking a huge rally in gold's price.

CLEARPOOL INTRODUCES CREDIT VAULTS

Clearpool has introduced Credit Vaults, an innovative product in DeFi private credit and real-world asset lending. Credit Vaults allow borrowers to set their own parameters, like interest rates and repayment schedules, attracting a wider range of lenders and borrower types, including non-crypto firms. Credit Vaults promise higher lending APRs, increased lending volume, and greater protocol revenue, marking a significant evolution in Clearpool's ecosystem.

INTRODUCING KHALANI: THE DECENTRALIZED SOLVER INFRASTRUCTURE

Khalani Network introduced a decentralized platform that shifts the Web3 user experience from transaction-based to intent-driven interactions, where users express desired outcomes and specialized agents execute these intents. This innovative approach, supported by a modular architecture including the Intent Compatibility Layer and Validity VM, aims to enhance expressiveness and efficiency in the Web3 ecosystem.

GUIDE TO STARKNET AIRDROPS

A guide to farming 8 different Starknet protocols for airdrops. 5 of the protocols already have point programs and are highly likely to do an airdrop. The guide covers how to create a wallet and bridge ETH into Starknet. The protocols include Nostra, Fibrous, ZKX, and Avnu.

A DEEP DIVE INTO DEPIN

A detailed look into the Decentralized Physical Infrastructure Network (DePIN) space, with specifics on the different categories of DePIN and why it is such an intriguing investment opportunity. The core idea of DePIN is to build a collective decentralized network of connected physical devices from the ground up. The current market cap of DePIN projects is around $32 billion. The DePIN sector offers many opportunities for builders and investors.

CAPITAL AND ENCLOSURE IN SOFTWARE COMMONS: LINUX AND ETHEREUM

Using examples like Linux and Ethereum, this article explores the dynamics of software commons, including the production processes, constraints, peer roles, and the challenges of private capital influence. It highlights the delicate balance between communal and private interests in these ecosystems. Entities that extract profits from software commons have the greatest incentive and capacity to co-opt them. While it is possible for the people who wield capital to exercise restraint, their underlying motivations will always eventually surface.

OUT, DAMNED SPOT! OUT, I SAY!

Some thoughts on the spot Bitcoin ETF approval from SEC Commissioner Hester Pierce, with criticisms toward the SEC for taking so long to reach this moment. It took over 10 years for Bitcoin ETFs to be approved, but if the SEC had applied the standards it uses for other commodity-based exchange-traded products, it could have approved them years ago. The approval opens a path for other spot crypto ETF approvals.

APPLE PULLS CRYPTO APPS FROM INDIA APP STORE

Apple has pulled apps of at least nine crypto exchanges, including Binance and Kraken, from its App Store in India less than two weeks after most of these global firms were flagged for operating “illegally” in the country.

BASE RELEASES THEIR 2024 ROADMAP

The 2024 mission, strategy, and roadmap for Coinbase’s Base blockchain.

X REMOVES SUPPORT FOR NFT PROFILE PICTURES

X silently removed the ability for paid subscribers to set NFTs as their profile pictures.

RIPPE IS INITIATING A $285 MILLION SHARE BUYBACK

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