TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-03-19

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01MARKETS & BUSINESS

FIDELITY AMENDS SPOT ETHEREUM ETF PROPOSAL TO INCLUDE STAKING

Fidelity has amended its spot Ether ETF proposal to include staking to give customers an option to earn income on their holdings. If accepted, the firm will stake an undisclosed portion of its assets using one or multiple reliable staking providers. The news temporarily boosted Lido, a leading Ethereum staking protocol. While this is a seemingly positive development, analysts and betting markets are putting the likelihood of an Ether ETF approval by May at 35% or less.

cointelegraph.com2 min read

OKX TO PULL USDT TRADING PAIRS IN EUROPE

OKX, the world's fourth largest cryptocurrency exchange, is discontinuing its support for Tether trading pairs in the European Economic Area. This move comes ahead of the EU's implementation of the Markets in Crypto-Assets law, which restricts the use of certain stablecoins. OKX also plans to roll out new product offerings and Euro fiat onramps for EEA customers.

theblock.co2 min read

02INNOVATION & LAUNCHES

CYCLONE STACK: A PARALLEL EXECUTION EVM BUILT FOR PERFORMANCE AND FLEXIBILITY

Canto's proposed Cyclone Stack is a set of upgrades aimed at improving the network's performance and scalability via a parallel execution engine. The update involves three steps: the Callisto Upgrade, which will transition Canto towards ABCI 2.0; the Elara Upgrade, which implements the Cyclone EVM for concurrent transaction processing; and the Kallichore Upgrade, which will integrate mem-IAVL to address storage bottlenecks. All existing apps are expected to function normally post-upgrade. The new changes are set to be launched by H2 2024.

canto.mirror.xyz4 min read

LIGHT: A NEW APPROACH TO TACKLE EVM UX FRAGMENTATION

Light is a new approach meant to address the fragmentation of user experience across EVM chains. The tool enables users to interact with any EVM chain, including L2s and L3s, as if using one network. It functions like network abstraction, cross-chain asset management, and batch transaction execution. Light is fully open source and aligns with open standards such as ERC-4337 and ERC-7579.

twitter.com2 min read

03GUIDES & TUTORIALS

A HITCHHIKER'S GUIDE TO SOLANA PROGRAM SECURITY

Solana's program security is critical to ensuring applications behave as intended, affecting performance, scalability, and interoperability. As such, developers must understand potential attack vectors and vulnerabilities such as logic bugs, data validation flaws, and access control vulnerabilities and employ strategies like rigorous testing and code auditing to mitigate risks. This comprehensive guide delves into common vulnerabilities developers might face, offering insights and mitigation strategies to safeguard Solana programs against exploits.

helius.dev5 min read

THE SPECTRE OF MEV ON BITCOIN

MEV has returned to Bitcoin due to the introduction of Ordinal Theory, leading to a reordering of blocks in Bitcoin’s chain and threats to the network's decentralization and neutrality. This analysis explores different forms of MEV in Bitcoin, such as Replace-By-Fee, Lightning Watch Tower Attacks, and Sniping Sidechain Auctions, emphasizes the importance of recognizing and addressing these issues, and proposes several potential solutions, including Rollups, BitVM, and Bitcoin-backed stake chains.

cyber.fund16 min read

04MISCELLANEOUS

SOLANA MEME SLERF NOTCHES $1.7B IN VOLUME AFTER DEVELOPER LOSES ALL PRESALE FUNDS

Slerf, a sloth-themed memecoin on Solana, recently attracted $10 million in funding from a presale. The developer subsequently accidentally burned the liquidity pool and the presale proceeds. The coin unexpectedly surged in value due in part to the attention the mishap drew to the project. Despite the colossal mistake, Slerf recorded $1.7 billion in trading volume and was listed on several exchanges.

coindesk.com3 min read

DEPIN: CRYPTO MEETS AI REAL-WORLD USE CASES

This article discusses the rising prominence and potential of the DePin space, an often overlooked sector in crypto. DePin uses blockchain technology to accelerate and make infrastructure projects more efficient and globally accessible. With over 650 projects in six core subsectors, DePin's market cap is anticipated to reach about $3.5T by 2028.

cryptopragmatist.com8 min read