TLDR CRYPTO 2024-07-25

WYOMING SEN. LUMMIS PLANS TO ANNOUNCE LEGISLATION FOR STRATEGIC BITCOIN RESERVE AT NASHVILLE CONFERENCE

Pro-crypto Senator Cynthia Lummis plans to announce legislation for establishing a US Strategic Bitcoin Reserve at the Bitcoin 2024 conference in Nashville. Under this plan, the Federal Reserve would hold BTC as a strategic reserve asset, similar to how it holds gold and foreign currencies. Lummis is expected to make the announcement on Saturday before Trump speaks, but details have yet to be finalized.

ETHEREUM ETF DAY 1 RECAP

Ethereum ETFs now boast $10.2 billion in assets across 9 ETFs, with over $1 billion in volumes on the first trading day and over $500 million on day two. Total net flows were $107 million, even after nearly $500 million left Grayscale's Ethereum Trust.

INTRODUCING PROTON WALLET – A SAFER WAY TO HOLD BITCOIN

Proton Wallet is a new self-custodial Bitcoin wallet that features a one-click Lightning node installer and an app store for Bitcoin-native applications. Proton aims to simplify Bitcoin transactions and improve user autonomy over their digital assets.

SOLEND REBRANDS TO SAVE AND LAUNCHES NEW PRODUCTS

THE DEFI PROTOCOL GIGATHREAD

This thread provides a one-tweet summary of 47 top DeFi protocols. It covers various industries, including DEXes, lending, bridging, and restaking, and provides links to find more information.

THE BEGINNER'S GUIDE TO ACCOUNT ABSTRACTION

Account Abstraction (AA) revolutionizes crypto wallets by integrating smart contract capabilities, making them more versatile and user-friendly. With AA, wallets can authenticate through various methods, allow third-party transaction sponsorships, accept different tokens for gas fees, and batch transactions. AA significantly enhances security and usability compared to traditional Externally Owned Accounts (EOAs).

POLITICAL PIVOT ON BLOCKCHAIN - PANTERA MONTHLY LETTER

There has been a significant shift in the political landscape regarding blockchain, and the market has responded positively. Q1 had strong growth, but there was a pullback in Q2 caused by an outsized focus on BTC and ETH, new token launches diluting capital and attention, and the “low float, high FDV” meta being criticized. Despite this, Pantera remains bullish, citing potential market tailwinds and “Phase 2” of the bull market where altcoins tend to outperform.

HOW SOLANA IS TRANSFORMING CROSS-BORDER AGRICULTURAL TRADE

Solana-based AgriDex significantly reduced transaction fees (gas fee + 0.15% facilitation fee) and settlement times (seconds) for a cross-border trade between a South African vineyard and a London importer, facilitating payment for agricultural goods like wine and olive oil over Solana. AgriDex hopes to bring the international agricultural trade onchain and remove complications around managing multiple currencies and extensive paperwork.

EVERYTHING YOU NEED TO KNOW ABOUT THE MOST IMPORTANT THREE LETTER ACRONYMS IN CRYPTO

This thread breaks down key cryptographic technologies in crypto and their roles in enhancing privacy and security: Zero-Knowledge Proofs (ZKPs), Multi-Party Computation (MPC), and Fully Homomorphic Encryption (FHE).

RUNE ON MAKER ENDGAME

The Maker Endgame aims to revolutionize saving and earning in DeFi with the upcoming Launch Season with new tokens, rewards, and a redesigned ecosystem.

RUSSIA ALLOWS CRYPTO FOR INTERNATIONAL TRADE

Russia has allegedly passed a bill within parliament that allows bitcoin and other cryptocurrencies to be used in international trade.

TRUMP'S REASON FOR CRYPTO PIVOT

Trump didn't become pro-crypto to win over single-issue crypto voters – he is using this to signal to Silicon Valley that he will be pro-tech in general – and it is working.

MARK CUBAN SAYS KAMALA HARRIS' CAMP REACHED OUT WITH “MULTIPLE QUESTIONS” ABOUT CRYPTO

Cuban stated that feedback from her campaign suggests that she will be more open to business, AI, and crypto.