TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-09-09

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01GENERAL

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The global economy invests trillions into renewable energy annually. A lot is riding on lithium-ion batteries, which are essential for energy storage.

invest.energyx.comSponsor

02MARKETS & BUSINESS

KALSHI CLEARED TO OFFER CONGRESSIONAL PREDICTION MARKETS IN VICTORY AGAINST CFTC

Kalshi, a US-regulated prediction market platform, won its lawsuit against the Commodity Futures Trading Commission over launching markets on which party will control the Senate and House of Representatives after the November elections. Though Kalshi does not integrate blockchain, this is a win for prediction markets like Polymarket, which have been operating solely outside of the United States. The CFTC has filed an emergency motion to stop Kalshi from listing its markets.

coindesk.com2 min read

THE BOOMING CRYPTO USE CASE THAT'S HAPPENING RIGHT NOW

Bloomberg's ‘Odd Lots' podcast this week covered stablecoins and their legitimate use globally as a payment and settlement platform. Stablecoins significantly improve legacy payment systems by offering cheap, near-instant, and light-regulation options for citizens of any country to send US dollar-backed digital assets. This marks one of the leading legitimate use cases of the highly speculative crypto industry.

bloomberg.com3 min read

03INNOVATION & LAUNCHES

JAPAN'S THREE MAJOR BANKS TO TEST CROSS-BORDER STABLECOIN TRANSFER PLATFORM

MUFG, SMBC, and Mizuho, the megabanks of Japan, are piloting a cross-border stablecoin transfer platform. The initiative, “Project Pax,” will use stablecoins issued by bank-backed Progmat and run by Datachain and TOKI. It will use SWIFT's existing APIs to settle on blockchain networks and be commercialized by 2025.

theblock.co2 min read

THE GRASS AIRDROP CHECKER IS LIVE

The Grass Foundation has launched an airdrop eligibility checker for its decentralized movement aimed at returning control of the internet to users. This first airdrop distributes 10% of the 1 billion GRASS tokens. Some users claim it is not yet live and others have warned about scams.

x.com1 min read

04GUIDES & TUTORIALS

EIGEN SIMPLY EXPLAINED

EigenLayer repurposes Ethereum's existing security for new projects without needing separate validation processes. This simplifies the use of shared resources and improves overall network efficiency. The approach allows participants to leverage their original resources (that they have staked) across multiple applications, streamlining operations and governance within the Ethereum ecosystem.

threadreaderapp.com2 min read

CREATING SOLANA MINI APPS

The Solana starter kit for Telegram simplifies creating mini apps, facilitating user authentication via Phantom with features like easy transaction signing. It may potentially integrate with Solflare.

threadreaderapp.com1 min read

05MISCELLANEOUS

ZILLIQA RETROSPECTIVE

Zilliqa is an alt L1 from the 2017 bull market that was similar to Solana but never gained traction. Though it had good tech, the protocol pivoted to focusing on RWAs and enterprise projects instead of developer tooling and experience. Solana, who focused primarily on DevEx, exchange integrations, and ecosystem growth, ultimately won.

threadreaderapp.com2 min read

WEAK NARRATIVE FORMATION IN CRYPTO

The Twitter ‘For You' feed emphasizes engagement-farming and election-related posts instead of quality content. With the recent sentiment around too much infra and not enough apps, we are now seeing copycat projects of existing apps like Polymarket and Pump.fun. Both of these projects could have indirectly benefited from the emphasis on election content and short-term attention spans.

threadreaderapp.com3 min read