TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-07-05

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01MARKETS & BUSINESS

RUSSIAN GOVERNMENT CONSIDERING LEGALIZING STABLECOINS FOR CROSS-BORDER PAYMENTS

Russia is considering legalizing stablecoins for international transactions to improve cross-border payments and mitigate the effects of ongoing sanctions. The Russian Central Bank is looking to regulate the transaction chain from entry to utilization. Its initiative would primarily target facilitating transactions with BRICS countries effectively integrating stablecoins into the national framework for international settlements.

cryptoslate.com2 min read

GERMAN GOVERNMENT SELLING UP TO $175M BTC

The German Government recently transferred a total of 3,000 BTC, worth ~$175M, to centralized exchanges (e.g., Kraken, Bitstamp, and Coinbase) and potentially to an institutional service or OTC. This indicates a significant sale or reallocation of the government's Bitcoin holdings.

threadreaderapp.com1 min read

02INNOVATION & LAUNCHES

EIP-7732: ENSHRINED PROPOSER BUILDER SEPARATION

ePBS, a change to the Ethereum protocol that separates blocks into consensus and execution parts, now has an EIP number. Introducing this feature gives attesters more time to execute transactions, makes proposer-builder interactions trustless, and removes the need for staker middleware.

threadreaderapp.com2 min read

ERC-5564 AND ERC-6538 PAVE THE WAY FOR STEALTH ADDRESS PAYMENTS

ERC-5564 and ERC-6538 introduce stealth address payments on Ethereum, providing Monero-like privacy by allowing transactions to be received at one-time, non-reusable addresses generated via cryptographic methods to enhance user privacy. Using this approach, transaction histories aren't visible to the public, which would cater to the next billion users who prefer confidential transactions and enable a range of use cases, from private payments to discrete NFT transfers.

threadreaderapp.com3 min read

03GUIDES & TUTORIALS

THE PRIVATIZATION OF ORDERFLOW AND RESURGENCE OF THE FAT APP THESIS

Nearly half of the $25 billion in orderflow volume over the past month on Ethereum has come from private or proprietary applications. The trend started with DeFi summer, when transaction aggregators, wallet swaps, Telegram bots, and solver networks launched. This development supports the fat app thesis, where applications controlling user attention and order flow would accrue the most value in the ecosystem.

x.com5 min read

HYPERLIQUID THESIS

Over the past year, Hyperliquid has grown to host 150,000 users and over $220 billion in volume. Traders at all levels and across Crypto Twitter like the platform, and it has found product/market fit. Over 95% of Hyperliquid users are down on their trades but continue to use the platform, creating a community moat.

threadreaderapp.com5 min read

04MISCELLANEOUS

FRIENDTECH'S DOWNFALL

Friendtech's journey started with promising tech and a strong community in the SocialFi space, inspiring numerous clones and innovations. However, the project has faced severe missteps, including high fees, community hostility, lack of meaningful updates, and poor handling of sybil attacks, leading to a collapse in sentiment and value.

threadreaderapp.com2 min read

WHAT'S THE DEAL WITH MEGAETH?

MegaETH is an L2 with sub-second latency and 100k TPS. It recently had angel participation from Vitalik Buterin. MegaETH separates transaction processing into three node types - sequencers, provers, and full nodes - that centralize block building but retain trustless verification. It also stores its state in the sequencer memory and optimizes its compiler to improve efficiency.

threadreaderapp.com4 min read