TLDR CRYPTO 2024-01-15

SCARAMUCCI SAYS GRAYSCALE ETF SALES HELPED FUEL BITCOIN DECLINE

According to SkyBridge Capital founder Anthony Scaramucci, Bitcoin’s sell-off after the much-anticipated Spot Bitcoin ETFs started trading is partially due to sales of Grayscale Bitcoin Trust shares. Investors are reportedly selling to book losses and shift to lower-fee alternatives. Cryptocurrency exchange FTX's bankruptcy estate is apparently also unloading, contributing further downward pressure on Bitcoin.

BLACKROCK CEO LARRY FINK BACKS ETHER ETF

A day after the successful launch of BlackRock’s Bitcoin ETF, its CEO Larry Fink went on CNBC to tout the value of both Bitcoin and Ethereum ETFs. Fink foresees a world in which assets are increasingly tokenized and views Bitcoin and Ethereum ETFs as steps toward that vision. He also classified cryptocurrencies not as currencies, but as asset classes that can provide protection against geopolitical risk and can help fight against corruption and money laundering.

ASTARIA V1 LENDING & INTENTS

This whitepaper gives an overview of Astaria v1, a new lending protocol built on the Starport lending kernel. Astaria provides fixed-rate, open-term lending that optimizes rate and loan-to-value for borrowers and reduces liveness requirements for lenders. The protocol, which accepts a variety of collateral assets, introduces recall intents by any party. Loans have no end date and continue until recalled by replacing the original lender or impairing the loan and seizing collateral.

INJECTIVE ROLLS OUT VOLAN UPGRADE FOCUSED ON REAL-WORLD ASSETS AND CONNECTIVITY WITH COSMOS CHAINS

Injective, a Cosmos-based blockchain, has launched a mainnet upgrade, Volan, adding support for software regarding real-world assets. This upgrade aims to enable users to access products like tokenized fiat currency pairs, treasury bills, and exclusive credit-based products. Volan improves inter-blockchain communication within the Cosmos ecosystem, making complex cross-chain transactions smoother. Another key component of the upgrade includes INJ, Injective's native token, becoming increasingly deflationary over time.

THE BERACHAIN THESIS

This thread lays out the thesis on Berachain, focusing on its combination of technology, culture, and product-market fit. The EVM-compatible L1 blockchain platform utilizes the Polaris for attack protection and fluent execution. It also features an accessible development kit and IBC bridging. Berachain has already built an early culture of creativity and has its roots in NFTs, while also appealing to dapp developers for its liquidity capabilities and user base.

QUICK SUI AIRDROP FARMING GUIDE

Sui has been outperforming lately, drawing attention to the ecosystem. This thread provides a quick guide to interacting throughout the Sui ecosystem to potentially qualify for various airdrops. Several audited protocols such as Navi Protocol, Scallop, Aftermath Finance, KriyaDEX, and Turbos Finance are suggested for lending or providing liquidity. Other opportunities include purchasing a .sui domain or exploring ABEx Finance and Typus Finance.

FROM CRYPTO-NATIVE TO CRYPTO-ENABLED

This article calls for 2024 to be a year of mainstream "crypto-enabled" apps that utilize blockchain tech in the background, rather than focusing on it. The writer differentiates these from current "crypto-native" apps, which mainly focus on experimenting with crypto features. Enabled by recent advancements in scaling, security, and user experience, these new apps could revolutionize traditional digital experiences by integrating benefits of crypto into them.

WE ANALYZED 5000 TOKEN UNLOCKS – THIS IS WHAT WE FOUND

This article was resurfaced recently and provides a summary of a report that analyzed over 5,000 token unlock events to determine what effects they might have on token prices. The report looked at factors such as where tokens were in their vesting periods, how big the token unlocks were relative to supply, and more.

HOW CASH-CREATE SPOT ETFS WORK

With the recent launch of the much-anticipated Spot Bitcoin ETFs, many were left wondering what exactly cash-create means as it relates to ETFs. This post explains the concept in a straightforward manner.

NARRATIVES MEGA THREAD

This thread goes over some of the most popular current narratives in the market like AI, RWA, memecoins, Bitcoin dapps, GameFi, DePIN, and NFT finance.

VANGUARD TO PULL BITCOIN FUTURES FROM ITS PLATFORM

Vanguard reinforced its no-crypto stance on Friday, withdrawing options from its platform for Bitcoin ETFs and futures, emphasizing long-term traditional investing over speculative digital assets.

SEC COMMENTS ON HACK OF ITS X ACCOUNT AND RESULTING FAKE BITCOIN ETF APPROVAL ANNOUNCEMENT

After the fake Bitcoin ETF approval announcement from the SEC’s X account caused extreme volatility across the entire crypto landscape, many TradFi and crypto investors alike demanded answers. The SEC went on to make some preliminary comments about the situation.

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