TLDR CRYPTO 2024-07-03

ROBINHOOD CRYPTO NOW AVAILABLE IN ALL 50 U.S. STATES

Robinhood Crypto has expanded its availability to all U.S. states, including Puerto Rico and the U.S. Virgin Islands, giving users across all territories the ability to trade 15 different crypto assets (e.g., BTC, ETH, etc.). This expansion was facilitated by regulatory adaptations (e.g., the Hawai'i-specific MTL license is no longer required) and additional licensing. Robinhood is now well positioned to be ahead or already ahead of U.S.-based competitors like Coinbase and Kraken in terms of geographical availability.

BITCOIN NET INFLOWS CONTINUE FOR THE 5TH STRAIGHT DAY

Bitcoin spot ETFs recorded a total net inflow of ~$129M on July 1, marking five consecutive days of net inflows. Fidelity's FBTC and Bitwise's BITB ETFs achieved ~$65M and $41M in single-day inflows.

OBOL RELEASES CHARON V1.0.0

Charon is a middleware client that allows distributed validators (DVs) to stake ETH on behalf of users. It has already been adopted by Lido and EtherFi, with $1.5 billion staked to Obol DVs. This release marks a step toward long-term support of DVs and the beginning of rapid scaling.

BLOBSTREAM ZERO: A NEW-GENERATION ZKVM-BASED BLOBSTREAM BRIDGE

RISC Zero has collaborated with Celestia to create Blobstream Zero, which bridges Celestia's DA layer to other prominent chains. It allows modular apps to access ZK Coprocessors, meaning there can be data-intensive ZK programs on chains like Ethereum and Solana but enabled by Celestia and RISC Zero. It also allows for apps to prove and verify Celestia DA on any chain, effectively bridging Celestia DA to the rest of the crypto ecosystem.

A DEEP DIVE INTO THE LIGHTING NETWORK

The Lightning Network operates as an L2 protocol on top of the Bitcoin network, permitting faster, low-cost transactions through private, secure channels between nodes without the need for broadcasting on the main blockchain. This network improves Bitcoin's functionality by allowing immediate settlements and reduced transaction fees through a system of bilateral payment channels and commitment transactions, improving Bitcoin's utility for everyday transactions.

ONCHAIN AI AGENTS: ARCHITECTURE, EXAMPLES, AND PROJECTS TO FOLLOW

This post explains why blockchain, with its payment and ownership properties, is an excellent fit for AI agent use cases. It expands upon the difference between single-agent and multi-agent architectures, memory and planning considerations, and examples in literature and crypto, like agent-managed multisig wallets, game NPCs, and autonomous onchain artists. The post concludes by highlighting agent-specific projects and ideas for onchain agents.

ACCUSATIONS OF RUNNING A SCAMFLUENCER TWEET RING

BITTENSOR HALTS NETWORK AFTER REPORTED SECURITY ATTACK ON WALLETS

Bittensor developers have halted their blockchain network following the discovery of a suspected security exploit targeting users' wallets initially reported by on-chain analyst ZachXBT. The halt was enacted to prevent further unauthorized access while an investigation is conducted. Approximately $8 million worth of TAO tokens were stolen, causing a 15% drop in the token's value.

PRODUCT AND INFRA THINGS TO BE EXCITED ABOUT FOR ‘24-25

On the product side, mobile will become increasingly normalized, NFTs will evolve and become relevant, and stablecoin rails will become sufficient for global adoption.

SOLVERS VS. PAYMASTERS - THE AA/INTENT TRANSITION WILL BE TOUGH

Paymasters are simple, and serve the role of executing calldata and taking a fee in account-abstracted systems, while solvers take an intent, do intelligent order routing, compete for the most liquidity, and complete the trade.

LOCKBIT STEALS 33 TERABYTES OF EVOLVE BANK CUSTOMER DATA

Evolve Bank, a crypto-friendly bank, has acknowledged a significant data breach involving the theft of 33 terabytes of user data by the Russian ransomware group Lockbit affecting users of Bitfinex, Copper Banking, and Nomad.

WORLDCOIN HIRES PRIVACY EXECS FROM APPLE AND GOOGLE

Tools for Humanity, the builder of Worldcoin, has hired former execs from Google, X, and Apple to improve the privacy, security, and identity management aspects of its project.