TLDR Crypto

TLDR CRYPTO 2024-04-04

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01GENERAL

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02MARKETS & BUSINESS

EU REGULATIONS MAY REQUIRE LICENSES FOR DEFI FRONTENDS

According to MakerDAO founder Rune, EU financial regulators may require all DeFi frontends to hold a MiCA license. This would effectively block frontends from operating in Europe and require either KYC-enabled or locally-hosted solutions. If implemented, the rule would be in effect starting in 2025.

twitter.com1 min read

TOP 8 MOST PROFITABLE CRYPTO NARRATIVES IN 2024

This post breaks down the most profitable industry sectors this year. Memecoins are the clear leader, with a 1,313% market capitalization increase, followed by RWA and AI at around 250%.

x.com2 min read

03INNOVATION & LAUNCHES

ALCHEMY DEMOS ERC-6900, A COLD STORAGE PLUGIN

This plugin makes it so that a special key is needed to move designated NFTs. That storage key and the smart account's private key are then required to transfer the locked NFTs to a different wallet, keeping them protected & accessible.

twitter.com1 min read

COINBASE PARTNERS WITH LIGHTSPARK TO PROVIDE BITCOIN LIGHTNING SUPPORT

Coinbase has partnered with Lightspark to integrate the Bitcoin Lightning Network into its platform, promising its users instant, low-cost transactions. This collaboration, which leverages Lightspark's enterprise-grade infrastructure and AI-based optimization tools, will streamline Coinbase's Bitcoin transactions and set the stage for broader payment applications. The integration underscores a significant advancement for the Lightning Network's adoption, promising to boost network usage and liquidity conversion between Bitcoin, fiat, and other cryptocurrencies.

lightspark.com2 min read

04GUIDES & TUTORIALS

HOW TO SAFELY SECURE ONE’S CRYPTO

This article provides a comprehensive guide on the most secure methods for storing cryptocurrencies. The author discusses the importance of considering one's threat model and offers insights into the advantages and potential vulnerabilities of each storage method (hardware wallet, brain wallet, and paper wallet) and ultimately emphasizes the significance of using cryptography and natural entropy for protection.

officercia.mirror.xyz12 min read

TAIKO ON ZKVMS

This thread compares zkVMs with zkEVMs, making a case for zkVMs. A zero-knowledge virtual machine (zkVM) provides secure and verifiable computation through zero-knowledge proofs, offering a simpler alternative to the complex and resource-intensive zkEVMs. Taiko has implemented a multi-prover system to ensure continued security even if one type of proof is compromised.

twitter.com3 min read

05MISCELLANEOUS

WHY 5-FIGURE ETH IS INEVITABLE

This thread cites several factors for the bull case for Ethereum and an eventual $10,000+ price. The early pivot to Layer 2s and the commitment from innovative companies, like StarkWare and Coinbase, in building L2s demonstrates industry confidence. Even though L1 transaction costs remain high, the mainnet remains a place for the highest-security transactions, and the deflationary nature of ETH incentivizes investors to hold. Institutions and governments seem to be warming up to Ethereum, as demonstrated by BlackRock’s onchain fund and the CFTC’s declaration that Ethereum is a commodity.

twitter.com2 min read

WHERE DOES BITCOIN DERIVE ITS VALUE

Bitwise highlights Bitcoin's ability to let users hold and control their wealth independently of centralized institutions. Despite its volatility and lack of governmental endorsement, Bitcoin's value is underpinned by its scarce supply and high demand. Bitcoin skeptics fail to appreciate its resistant nature to censorship and the fundamental market principles that determine its pricing.

twitter.com5 min read