TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-08-14

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01GENERAL

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invest.energyx.comSponsor

02MARKETS & BUSINESS

COINBASE CALLS FOR SEC TO RETHINK RULE ON DECENTRALIZED EXCHANGES, CALLING IT 'IRRATIONAL'

Coinbase has urged the SEC to withdraw its rule requiring decentralized exchanges to register like traditional ones, arguing that it is impractical and based on flawed assumptions. Chief Legal Officer Paul Grewal says that DEXs cannot meet the same compliance standards as centralized exchanges, citing a recent Supreme Court ruling to challenge the SEC's broad interpretation of the law.

links.tldrnewsletter.com3 min read

EVIDENCE THAT KAMALA WILL CONTINUE CRYPTO CRACKDOWN

Kamala Harris is expected to maintain a tough stance on crypto, as indicated by her collaboration with Brian Deese and Bharat Ramamurti, both key figures in Biden's anti-crypto policies. Their involvement suggests that a Harris administration would likely continue the regulatory approach seen under Biden, particularly in the context of "Chokepoint 2.0" and restrictions on stablecoins.

threadreaderapp.com7 min read

03INNOVATION & LAUNCHES

SUNPUMP, TRON'S FIRST MEME-LAUNCH PLATFORM GOES LIVE

SUN.io has announced SunPump, the first memecoin launch platform on TRON. The platform features streamlined, low-cost, and secure solutions for token issuance and trading to improve the meme token trading experience and help innovate within the meme culture ecosystem.

sunio.zendesk.com1 min read

SENTIENT PROTOCOL: ENABLING OPEN SOURCE AI MONETIZATION

Sentient allows open-source and community-built AI models to be open, monetizable, and loyal. It uses smart contracts to align ownership, usage, and reward incentives alongside a node network for decentralized control access. Sentient created a new cryptographic primitive, the OML (open, monetizable, loyal), to ensure a model is transparent yet can track usage and ensure ethical use.

threadreaderapp.com1 min read

04GUIDES & TUTORIALS

DO ALL ROADS LEAD TO MPC? EXPLORING THE END-GAME FOR PRIVACY INFRASTRUCTURE

Increasing onchain privacy is critical for expanding into real-world use cases like financial accounts and minimizing MEV. Though ZK offers strong privacy guarantees, it does not allow multiple parties to interact with the same private state, limiting expressivity, and fully homomorphic encryption limits the strength of privacy guarantees. Multi-party computation (MPC) allows for programmable infrastructure with a shared private state without a single point of failure. Its main challenges are communication overhead and the potential for offchain collusion.

equilibrium.co18 min read

PUMPDOTFUN IS THE OPENSEA OF THIS CYCLE BUT IT'S NOT EXACTLY THE SAME

Pumpdotfun is positioning itself as the top memecoin launchpad of this cycle by rapidly delivering features users enjoy, such as SOL rewards, zero fees for coin creation, and integrated social features. Unlike platforms like OpenSea, which have been criticized for slow development and self-serving practices, Pumpdotfun focuses on community engagement and growth. However, despite its success, concerns are rising about long-term profitability for users in a highly competitive market with fleeting consensus on which coins will hold value.

threadreaderapp.com3 min read

05MISCELLANEOUS

ROBINHOOD CEO SAYS FIRMS EARNS MORE REVENUE FROM CRYPTO THAN EQUITIES

Robinhood's CEO Vlad Tenev allegedly revealed that the firm now earns more revenue from crypto trading than equities, highlighting the strategic importance of crypto and AI in reshaping financial services and the role of stablecoins and asset tokenization in increasing market accessibility and liquidity.

threadreaderapp.com1 min read

HOW WRAPPED BITCOIN (WBTC) HAPPENED AND ITS PURPOSE

Wrapped Bitcoin (WBTC) was launched in 2018 by Kyber Network and BitGo to bring Bitcoin liquidity to Ethereum and boost DeFi. The project used a centralized custodian model for simplicity and transparency, with BitGo managing off-chain tasks and Kyber handling smart contracts and community outreach. WBTC quickly became the leading Bitcoin token on Ethereum due to its clear design, community support, and first-mover advantage. Recently, changes by BitGo have raised concerns about the future trust and stability of WBTC.

threadreaderapp.com3 min read