TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-07-01

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01GENERAL

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02MARKETS & BUSINESS

SEC SUES CONSENSYS OVER STAKING SERVICES

The SEC has filed a lawsuit against Consensys, the parent company of MetaMask, accusing it of operating as an unregistered broker and engaging/facilitating in unregistered securities sales through MetaMask Swaps and Staking since 2020. The SEC claims that Consensys collected over $250 million in fees through these activities without the required registrations, thus denying investors essential legal protections.

cointelegraph.com3 min read

WHY VCS ARE SO BULLISH ON THE TON TOKEN

VCs like Pantera Capital are particularly excited about TON as a distribution play due to its exclusive integration with Telegram and its 900 million monthly active users. It's slowly becoming a hub for mini-apps in gaming, payments, and other use cases that could explode in popularity overnight. The network is still in its early stages. Its most significant risk is being solely reliant on Telegram, and therefore app issuers Apple and Google, for support.

theblock.co3 min read

03INNOVATION & LAUNCHES

ORBIT SSF: SOLO-STAKING-FRIENDLY VALIDATOR SET MANAGEMENT FOR SSF

Orbit SSF uses a stable core of large validators and a rotating group of smaller validators to achieve high economic security with a smaller, but still sufficient, number of nodes so that single slot finality is not constrained by validator set economics. It selects validators based on proportionate balance, adjusts rewards for proper compensation, and uses issuance curves to incentivize consolidation without overly penalizing smaller validators.

threadreaderapp.com34 min read

INTRODUCING PAY ON WARPCAST

Warpcast has introduced a new feature where users can now pay someone with USDC in under 10 seconds using an existing wallet on a mobile-first platform. This will help eliminate the need to remember addresses.

threadreaderapp.com1 min read

04GUIDES & TUTORIALS

GUIDE TO TOKENOMICS

An angel investor provides insights on tokenomics, stressing its critical role in crypto investing. He outlines essential metrics to diligence like total token supply, token types (inflationary vs. deflationary), and distribution methods, emphasizing the need to understand a token's allocation, distribution, and demand.

threadreaderapp.com7 min read

GRAYSCALE'S Q3 2024 INSIGHT REPORT SUMMARY

Grayscale's quarterly report examined narratives, fundamental value drivers, and market dynamics for various tokens. ETFs and significant DeFi activity have positively impacted Bitcoin, Ethereum, and the ETH ecosystem. Idiosyncratic tokens like TON, SOL, and PENDLE have seen strong adoption and price increases. The report also includes Grayscale's Top 20 research-driven investment picks.

threadreaderapp.com3 min read

05MISCELLANEOUS

EPOCHS AND SLOTS ALL THE WAY DOWN: WAYS TO GIVE ETHEREUM USERS FASTER TRANSACTION CONFIRMATION TIMES

Ethereum blocks confirm within 5-20 seconds, though applications like rollups could benefit from sub-second latency. Single-slot finality improves block finality from 13 minutes to 15 seconds and makes Ethereum consensus look closer to Tendermint, but adds significant load to the communication layer. Based preconfirmations allow Ethereum validators to offer promises about the eventual inclusion of a transaction into a future block. L2s should optimize for Ethereum's base layer properties, be a “server with blockchain scaffolding,” or compromise with a fast chain and Ethereum interoperability/security.

vitalik.eth.limo8 min read

CRYPTO-POWERED STATUS GAMES

This author explores the interplay between social and financial capital in social finance (SocialFi) platforms, emphasizing the design space for creating engaging, high-skill information games that can financialize social networks. They categorize social platforms into four types — cozyweb, influencer, professional, and earner — based on their focus on social versus financial capital and whether the dynamics are implicit or explicit.

threadreaderapp.com19 min read