TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-03-18

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01GENERAL

Sponsored

COINSPECT: SECURITY AUDITS AND PENTESTING FOR WEB3

If you’re a Web3 developer, now is the time to make sure your app code is secure. Vulnerabilities in wallets, dApps, or new blockchain implementations can quickly lead to disaster. And with the crypto market on the rise, hackers are on the prowl. Over the past decade, Coinspect [4] has partnered with dozens of companies to audit, report vulnerabilities, and propose improvements [4] to Web3 code. Their experts will stress-test your app from every which way — uncovering the holes in your security strategy before the bad actors find them.

coinspect.comSponsor

02MARKETS & BUSINESS

SOLANA'S MEMECOIN MANIA PUSHES ON-CHAIN VOLUMES AND FEES TO NEW HIGHS

The memecoin frenzy that has been brewing on Solana has boosted on-chain volumes to new records, exceeding $3.79 billion in volume per day. The success of coins like dogwifhat and the Book of Meme presale helped drive these volumes to new heights. This trend has helped Solana pass Ethereum in on-chain DEX volumes and has pushed the price of Solana to over $200.

theblock.co2 min read

$190B WEALTH MANAGER GREENLIGHTS 4 BITCOIN ETFS FOR ALLOCATORS

Cetera Financial Group will now let its advisors include four bitcoin ETFs into client portfolios. The approval of these ETFs, offered by BlackRock, Fidelity, Invesco, and Franklin Templeton, for client portfolios marks another important step in adoption with established wealth managers’ support. Cetera will provide educational training for its financial professionals on the Bitcoin ETFs. As of now, the firm manages $190 billion in assets, and it plans to continually assess the implications of bitcoin ETFs for its clients.

blockworks.co3 min read

03INNOVATION & LAUNCHES

IT’S RAINING RUNESTONES AS BITCOIN ORDINALS PROJECT LAUNCHES AIRDROP

A new Ordinals collection called Runestones was airdropped to early ecosystem participants last week. Runestones will transform into Runes tokens with the launch of the new UTXO-based Runes protocol, pioneered by Ordinals' creator Casey Rodarmor, offering a more efficient alternative to the BRC-20 token.

thedefiant.io1 min read

STURDY SUBNET: A BITTENSOR SUBNETWORK

Sturdy Finance has launched the Sturdy Subnet Bittensor subnetwork on testnet as part of its efforts to build yield optimization infrastructure. Sturdy, backed by Pantera and Y Combinator, utilizes a groundbreaking architecture that experts claim could cut risk while maintaining liquidity. Furthermore, the Sturdy Subnet opens up opportunities for DeFi protocols and off-chain funds to increase yields in a secure, decentralized manner.

twitter.com2 min read

04GUIDES & TUTORIALS

ON DUNAS AND BORGS

This thread lays out two new crypto law concepts that were recently introduced - DUNAs (Decentralized Unincorporated Nonprofit Associations) and BORGs (Cybernetic Organizations). DUNAs are intended to grant legal personhood to DAOs, allowing them to contract, sue, and pay taxes under US tax law. BORGs are legally wrapped multisigs that limit liability while setting parameters for their activities. Experts suggest these concepts, while not universal solutions, add to the growing toolkit for managing DAOs within a legal framework.

twitter.com8 min read

EIGENLAYER: MY VALUE ANALYSIS OF ECONOMIC SECURITY

EigenLayer, a security abstraction and application layer, offers Ethereum validators the ability to earn additional revenue by lending out staked capital for various uses. By utilizing staked capital that's already serving as security collateral, modules established on EigenLayer can leverage the existing Ethereum validator pool and introduce additional slashing conditions. This process, known as "restaking," has the potential to reduce the financial strain associated with security for users of decentralized applications, lowering the bar for innovation and reshaping the landscape of protocol financing.

dirtroads.substack.com15 min read

05MISCELLANEOUS

IN DEFENSE OF MEMECOINS

Memecoins, from Dogecoin to lesser-known tokens, play a vital role in pushing the boundaries of financial freedom and societal commitment to digital property rights. Memecoins are both a cultural and a financial phenomenon that represent a form of collective expression gained through emerging technologies.

twitter.com6 min read

ON POLICYMAKERS’ PERSPECTIVES ON BITCOIN

Policymakers' opposition to Bitcoin, especially Bitcoin ETFs, is more rooted in concerns about the financial system's stability than investor protection or criminal use. Bitcoin acts as a stark signaling device, highlighting problems with excessive government spending and monetary policy. The ETFs also provide an easy ‘exit ramp’ for all people, which could prove to be problematic for a regime reliant on excessive government spending.

twitter.com3 min read