TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-04-08

5 sections11 entrieslinks blockcomplete parse

Parse notes

  • Subscription/account footer truncated before parsefooter_truncated

01MARKETS & BUSINESS

COINBASE CLEARED IN LAWSUIT OVER CRYPTO TRANSACTIONS

The U.S. Court of Appeals for the Second Circuit confirmed that Coinbase did not violate the Securities Exchange Act by engaging in secondary sales of cryptocurrencies. This case was related to a lawsuit from Coinbase users accusing the platform of selling unregistered securities and violating related laws – not the recent SEC case alleging they are an unlicensed securities exchange and brokerage. The court ruled that without a contract that can be rescinded, there is no Exchange Act violation, meaning trading cryptocurrencies on Coinbase does not constitute securities trading.

cointelegraph.com2 min read

FTX ESTATE SELLS $1.9 BILLION WORTH OF LOCKED UP SOL

The FTX estate has sold approximately $1.9 billion worth of locked-up Solana (SOL) tokens at a discounted price of $64 each to help clear the collapsed crypto exchange's debt. Galaxy Trading and other investors have shown significant interest in purchasing FTX's discounted SOL holdings.

theblock.co3 min read

02INNOVATION & LAUNCHES

DYDX LAUNCHES LIQUID STAKING

Stride has partnered with dYdX to launch a one-click liquid staking system for dYdX tokens. The system automates compounding USDC rewards into dYdX and distributes staked tokens across validators to strengthen network security.

twitter.com2 min read

JAPAN’S SONY BANK TESTS YEN-BACKED STABLECOIN

Sony Bank, a division of the Sony Group Corporation, is testing the issuance of a yen-backed stablecoin on the Polygon blockchain. The stablecoin is being considered as a potential payment method for businesses utilizing Sony Group's intellectual property, such as games and sports.

cointelegraph.com3 min read

03GUIDES & TUTORIALS

QUIC VULNERABILITY SOLANA

This thread discusses the QUIC protocol's challenges in blockchain networking, including susceptibility to packet overload but not inherent DDoS vulnerability. The author suggests improving QUIC server resilience and packet prioritization to manage the high packet traffic on Solana's network rather than changing protocols.

twitter.com4 min read

DEEP DIVE INTO BITTENSOR

Bittensor is an open-source protocol that aims to decentralize the development of artificial intelligence using economic incentives similar to Bitcoin's to build a market for synthetic intelligence. Through its unique network design, Bittensor allows contributors to earn a native token (TAO) by participating in a variety of subnets catering to different AI applications, from text generation to financial predictions, democratizing AI development beyond the control of centralized entities.

mirror.xyz23 min read

04MISCELLANEOUS

WHAT CRYPTO VCS ARE THINKING ABOUT

Crypto VCs are currently debating the merits of investing in "useful" versus meme-driven projects, with some leaning into the hype while others focus on more substantive areas like stablecoins, real-world assets, and social applications. There is also debate around whether mainstream adoption will be driven by Web 2.5 apps that abstract away crypto complexities or Web3 apps with tokens and protocols front and center.

twitter.com4 min read