TLDR CRYPTO 2024-07-23

open-to-the-public investment round.

This century will be defined by lithium. Don't miss your chance to

invest in the future.

SEC OFFICIALLY APPROVES SPOT ETHEREUM ETF TRADING

ANY NEAR-TERM REBOUND IN CRYPTO MARKET LIKELY TO BE TEMPORARY: JPMORGAN

JPMorgan anticipates that any near-term rebound in the crypto market will be short-lived, as Bitcoin's current price is deemed too high relative to its production cost ($43,000) and its volatility-adjusted comparison to gold ($53,000). Bitcoin and gold may gain from a potential Trump election win due to perceived crypto-friendly policies.

OKX LAUNCHES BITCOIN PRICE GUESSING GAME 'OKX RACER' AS TELEGRAM MINI-APP CRAZE CONTINUES

OKX, one of the largest crypto exchanges, launched the free-to-play ‘OKX Racer' game as a Telegram mini-app. The game, which has users guess Bitcoin price movements every five seconds, is the first from an established company to leverage Telegram's app ecosystem and its 900 million potential users. There is an expectation, but no confirmed plans, that the TON blockchain will be integrated.

TOKENIZED ASSET MANAGER SUPERSTATE DEBUTS NEW FUND TO PROFIT FROM BITCOIN, ETHER 'CARRY TRADE'

Blockchain-based asset management firm Superstate has launched a new tokenized fund that employs a "cash and carry" investment strategy to generate yield for investors. Superstate buys spot bitcoin and ether while simultaneously taking equivalent short positions in BTC and ETH futures. This fund is for qualified investors and emphasizes a highly-regulated, low-risk approach to generating yield.

BITCOIN LAYER 2 REPORT | Q2 2024

This report analyzes 12 L2s and sidechains. CORE had almost 9x more unique addresses (19.2M) than second-place BounceBit. BSquared, CORE, and BOB had the most transactions. Merlin and Bitlayer are tied for the highest TVL at slightly below $400M. These chains are still in their infancy and actively developing their ecosystems.

KEY CHARTS FROM BINANCE'S H1 REPORT

Binance's H1 2024 Research Report highlights key trends in the cryptocurrency market, including the rise of Bitcoin dominance, the impact of BlackRock's ETFs, and the surprising performance of runes and sequencers. It also discusses the growth of decentralized exchanges on Solana, the challenges faced by zk-rollups, and the enduring strength of DeFi on Ethereum.

WHAT IS POLYMARKET? DECENTRALIZED PREDICTION MARKETS EXPLAINED

Polymarket is a decentralized prediction market on Ethereum and Polygon that allows users to bet on outcomes like elections or sporting events without using traditional intermediaries. It has increased liquidity and privacy compared to more centralized markets and is arguably more financially accessible (uses crypto), although it faces regulatory challenges as it is decentralized.

ETHEREUM'S PECTRA UPGRADE: A SHALLOW DIVE

The new EVM Object Format (EOF) optimizes the developer experience and increases the EVM's speed. PeerDAS improves Ethereum DA by allowing blobs to be sharded across nodes. BLS12-381, a new signature aggregation scheme, improves multisigs and proving things on the execution layer, while historical block hashes in the state will move validators toward verifying a transaction without needing all the data. Other upgrades include increasing the Ethereum validator maximum balance and smart contract account capabilities for regular wallets.

A BRIEF LOOK INTO BINANCE REWARDS

Users automatically qualify for four types of rewards by "subscribing" BNB to Simple Earn: APR on holdings, new project tokens through Launchpool, exclusive airdrops through Megadrop, and historical balance-based airdrops with Hodler Airdrops.

ATARI LAUNCHES ONCHAIN ARCADE ON BASE

Atari has launched an onchain arcade on Base. Its first game is Asteroids.

ETH IS THE HIGH QUALITY LIQUID ASSET (HQLA) OF CRYPTO

ETH is the most suitable candidate for a natively digital High Quality Liquid Asset (HQLA) in the crypto world due to its superior liquidity, economic fundamentals, low inflation, and positive real yield.

THE NUFFLE FAST FINALITY LAYER (NFFL)

The Nuffle Fast Finality Layer is an EigenLayer AVS aiming to bring finality and interoperability to L2s.