TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-05-28

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01GENERAL

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nexo.comSponsor

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nexo.com

02MARKETS & BUSINESS

VANGUARD FILES FOR SPECIALIZED FUNDS TRUST, DEFINES DIFFERENT CRYPTO ASSET TYPES

Vanguard's Specialized Funds Trust registration statement defines various types of crypto assets. It labels digital currencies as assets that are a store of value, medium of exchange, or unit of account that is blockchain-based and not issued by a central authority. A digital security token invokes some type of ownership over a separate asset. A digital utility token derives value from providing access to a particular product or network.

threadreaderapp.com2 min read

FTX BANKRUPTCY HEADLINES MISLEAD THE PUBLIC

Despite mainstream media headlines suggesting FTX creditors will recover over 100% of their funds, the actual value users will receive is significantly less than what the assets could/would have been worth. Creditors will receive ~118% of their funds fixed to the fiat value of their assets on FTX's bankruptcy filing date. Many of the lost currencies (e.g., BTC, SOL, and ETH) have appreciated significantly since then.

links.tldrnewsletter.com2 min read

03INNOVATION & LAUNCHES

ETHEREUM LAYER 2 TAIKO GOES LIVE ON MAINNET

After two years and seven testnets, ZK rollup Taiko has launched its mainnet. Taiko is a based rollup, meaning Ethereum validators are responsible for sequencing transactions instead of foundation-controlled entities. Vitalik Buterin proposed the inaugural block.

theblock.co2 min read

WHY ARBITRUM STYLUS IS A BIG DEAL

Arbitrum Stylus is reducing the barrier of entry for developers by allowing EVM-compatible smart contracts programmed in C, C++, and Rust. Stylus improves execution by 10x and scales memory by 50-100x. Since Solana programs are written in Rust, Stylus applications can be interoperable with the Solana ecosystem. It's expected to go live on mainnet in the coming months.

threadreaderapp.com3 min read

04GUIDES & TUTORIALS

FARCASTER VS. LENS PROTOCOL

Decentralized social media protocols aim to give users ownership and power over their data. Farcaster is known for its engaging content and Frames – mini-apps allowing unique interactions with onchain content. Lens Protocol has been creator-focused, with customization around following and post collection. It has a similar albeit less-used Frames competitor called Open Actions. Farcaster's memecoin DEGEN and Lens' BONSAI act as a tipping and quality content incentivization mechanism, though DEGEN has grown much larger and has its own L3.

threadreaderapp.com3 min read

ANALYZING THE PERFORMANCE OF CELEBRITY-PROMOTED CRYPTO PROJECTS

Historically, celebrity-owned or promoted cryptocurrency projects have generally failed, often due to a lack of genuine interest and commitment from the celebrities themselves, who typically engage more for immediate financial gain than for long-term project development. The trend suggests minimal effort in project execution, with many using low-quality art and lacking substantial backing, casting doubt on the potential success of Caitlyn Jenner's new coin venture.

threadreaderapp.com1 min read

05MISCELLANEOUS

12 EXAMPLES OF CHAINLINK POWERING RWA TOKENIZATION

Chainlink provides data, interoperability, and security to various RWA projects, including verifying the ARKB BTC ETF reserves. It supports the digitization of gold reserves, provides tamper-proof data about PayPal's PYUSD, and secures the minting and moving of tokenized T-bills. Based on the number of GitHub commits in the past month, Chainlink has been the most active RWA-related protocol.

threadreaderapp.com1 min read

UNISWAP TO GO THROUGH WITH FEE SWITCH VOTE ON 5/31

Uniswap plans to go through with its vote to implement fee collection and distribution to UNI token holders on May 31. This comes after Uniswap Labs was served a Wells Notice by the SEC for operating as an unlicensed brokerage.

gov.uniswap.org3 min read