TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-08-27

5 sections13 entrieslinks blockcomplete parse

Parse notes

  • Subscription/account footer truncated before parsefooter_truncated

01MARKETS & BUSINESS

WYOMING IS PUSHING CRYPTO PAYMENTS AND TRYING TO BEAT THE FED TO A DIGITAL DOLLAR

Wyoming plans to launch the Wyoming stable token, a US-dollar-backed stablecoin, in Q1 2025. Its goal is to facilitate faster and cheaper transactions while introducing a new revenue stream for the state. The token will serve as a model for a federally digitized dollar, and the state will invest reserves into Treasury Bills to fund public schools. If successful, Wyoming hopes to expand to tokenizing other assets like commodities and real estate.

cnbc.com5 min read

STABLECOIN MARKET CAP HITS NEW ALL-TIME HIGH, BEATING EARLY 2022 RECORD

This past weekend, the total market cap of stablecoins (excluding algorithmic stablecoins) hit its all-time high at $168.1 billion. This surpassed the previous high from March 2022, and is a $40 billion increase from October 2022 lows. Analysts see this metric as a signal that there is growing confidence and interest in the market from institutional investors.

theblock.co2 min read

02INNOVATION & LAUNCHES

BLOCKWORKS LAUNCHES LIVE SOLANA DASHBOARD

Blockworks' new Solana dashboard provides comprehensive data access, including Total Economic Value (TEV) stats, validator and staker cash flows, as well as detailed transaction activity and segmentation.

threadreaderapp.com2 min read

ORDERLY NETWORK'S $ORDER STAKING & CLAIMS NOW LIVE

$ORDER staking and claims have gone live, allowing users to participate in staking, claim their airdrops, and earn rewards for trading and market making on the platform.

threadreaderapp.com1 min read

03GUIDES & TUTORIALS

SVM VS. EVM

EVM L1s and L2s attempt to attract existing developers and liquidity through incentive programs and novel features. SVM-based rollups also target ETH & BTC liquidity alongside developers in mainstream languages like Rust and C++.

threadreaderapp.com1 min read

DEEP DIVE INTO MANTLE

Mantle is gaining momentum in the crowded Ethereum Layer 2 space, backed by a $3B treasury, strategic products like mETH and FBTC, and upcoming tokens like cmETH and COOK. With a strong track record, significant product traction, and lucrative farming opportunities, Mantle continues to stand out as a key player in Web3.

threadreaderapp.com2 min read

04MISCELLANEOUS

ETHEREUM IS DYING WHILE L2'S DANCE ON ITS GRAVE

Ethereum's reliance on Layer 2 (L2) solutions is leading to its downfall by fragmenting the ecosystem, pushing users towards centralized L2s, and undermining the original promise of decentralization. L2s are siphoning off Ethereum's fees and users, making it impossible for Ethereum to scale effectively at Layer 1, which could ultimately lead to Ethereum's demise while benefiting L2s and their backers.

threadreaderapp.com2 min read

MAGIC EDEN'S MAGIC TICKETS CONTROVERSY

In early 2022, NFT marketplace Magic Eden (ME) airdropped Magic Tickets to users, promising airdrops, points, and whitelist sports. It also introduced the Magic DAO, but it was never implemented, and mentions of the Magic Tickets have slowly been removed from ME's blogposts. When ME's diamonds were introduced as part of its points program, there was a one-time exchange for users - there is now no planned utility for tickets. Users are frustrated with the small conversion value and fees that the marketplace generated from speculative ticket trading.

threadreaderapp.com3 min read