TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-06-04

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01GENERAL

02MARKETS & BUSINESS

BINANCE TO ENFORCE MICA STABLECOIN LAWS

Beginning on June 30, Binance will implement phased restrictions on "Unauthorized Stablecoins" for European Economic Area (EEA) users to comply with new MiCA stablecoin regulations. Binance will transition these users towards "Regulated Stablecoins" as they become available to ensure compliance and to minimize market disruption.

binance.com4 min read

SOLANA SEES ~500K TOKENS LAUNCHED IN MAY

About half a million tokens were launched on Solana in May, driven by the increasing popularity of memecoins and facilitated by intuitive, user-friendly platforms like Pump.fun. This surge is a reflection of Solana's high throughput and low transaction costs, thus positioning it as a leading blockchain for new token initiatives.

theblock.co4 min read

03INNOVATION & LAUNCHES

COINBASE WALLET INTRODUCES TEXT-TO-SEND TOKENS

Coinbase Wallet has introduced a feature to send tokens via text to kick off its Onchain Summer initiative. Recipient phone numbers will receive a link to claim the tokens, which will be returned to the sender if not claimed in 2 weeks.

threadreaderapp.com1 min read

DYNAMIC ETHEREUM ROADMAP

This website provides up-to-date information on Ethereum's roadmap. It breaks down the sections into the Merge, Surge, Scourge, Verge, and Purge categories, explaining each milestone with additional learning resources. Other valuable information is also available, including network health, key Ethereum organizations, and upcoming hard forks.

ethroadmap.comTool

04GUIDES & TUTORIALS

A FEW THINGS HAPPENING IN JUNE

The Taiko, Blast, zkSync, and AO airdrops are confirmed to occur this month. Coinbase will release its smart wallet on June 5, and the FET, AGIX, and OCEAN tokens will merge into ASI on June 13. Macroeconomic news includes the unemployment rate on June 7, inflation numbers and an interest rate decision on June 12, and the presidential debate on June 27.

threadreaderapp.com1 min read

BEST MOMENTS OF GAVIN WOOD X VITALIK BUTERIN

Gavin Wood's new JAM initiative takes a different approach to blockchain scaling by admitting that a base layer does not need to split computation between different sources. He believes Ethereum's strength comes from moderate governance and a lack of internal strife. Both Ethereum co-founders agree that the base layer should be minimal and opinionless. To build an ecosystem, focus on the intersection of community and tech, specifically tech that supports multiple approaches to doing something.

threadreaderapp.com2 min read

05MISCELLANEOUS

ETH ETF EXPLORATION

Experts predict varying levels of inflows into the anticipated Ethereum ETFs, with estimates suggesting inflows could range from $1 billion to 50% of Bitcoin ETF inflows during the first four months. This increased market participation is expected to significantly impact Ethereum's price, potentially increasing it more substantially per billion invested compared to Bitcoin, due to factors like its smaller market size and deflationary supply dynamics since the Merge.

threadreaderapp.com3 min read

RISKS USING KAMINO FINANCE

Concerns are growing about the risks associated with Kamino Finance's Multiply product, particularly after the launch of JupSOL and the promotion of its seemingly attractive 40% APY with no depeg risk. Despite the high user influx, the sustainability of these returns is questionable, as the effectiveness of Multiply depends on the borrowing interest rate for SOL being lower than the APY on the staked tokens, a balance threatened by increasing SOL pool utilization which could lead to negative APYs and potential liquidations for users.

threadreaderapp.com2 min read