TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-09-17

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01MARKETS & BUSINESS

SEC PLACES HEAVIER SCRUTINY ON BINANCE'S TOKEN LISTING, TRADING PROCESS IN PROPOSED AMENDED COMPLAINT

The SEC has filed a proposed amendment complaint against Binance, addressing issues previously dismissed by the court and emphasizing arguments about some cryptos being offered as unregistered securities. The new filing includes more detailed allegations about Binance's role in promoting digital assets, particularly BNB, SOL, ADA, and MATIC, and argues that Binance provides selective information to encourage investment. The SEC also moved away from “crypto asset securities” to emphasize that the associated contracts, not the asset itself, can constitute a security.

coindesk.com6 min read

50 DAYS UNTIL US ELECTION, CRYPTO SUPER PAC POURS $7.8M INTO SENATE RACES

With 50 days left until the U.S. election, the crypto-backed Protect Progress Super PAC has poured $7.8 million into Senate races in Arizona and Michigan to support Democratic candidates. The PAC, along with others tied to the crypto industry, aims to influence key elections as it advocates for pro-crypto regulation.

cointelegraph.com2 min read

02INNOVATION & LAUNCHES

SONY COLLABORATES WITH USDC

Circle has partnered with Sony Block Solutions Labs to integrate Bridged USDC on the Soneium blockchain, enhancing its use as a primary token for secure, borderless transactions. This collaboration aims to empower creators in the digital economy, leveraging decentralized technologies to drive innovation and global accessibility on Soneium, a versatile Ethereum layer 2 platform.

threadreaderapp.com2 min read

GRAYSCALE LAUNCHING FIRST US XRP TRUST FUND

Grayscale has announced the launch of the first U.S. XRP Trust, providing select investors with exposure to the Ripple token. Following a similar trajectory to its Bitcoin and Ethereum trusts, which eventually became ETFs, the market is now speculating that an XRP ETF could be next.

links.tldrnewsletter.com2 min read

03GUIDES & TUTORIALS

DEPIN'S IMPERFECT PRESENT & PROMISING FUTURE: A DEEP DIVE (2 HOUR READ)

Decentralized Physical Infrastructure Networks (DePIN) are emerging as a transformative force in crypto, disrupting centralized models across multiple industries through blockchain and token incentives. This report explores critical sectors, including telecom (e.g. Helium), energy (e.g. Plural Energy), compute (e.g. Akash), and others. While DePIN faces regulatory hurdles and unsustainable tokenomics, it offers opportunities for improved efficiency, democratized ownership, and innovative solutions to real-world problems. Future use cases include disaster response, healthcare, and space debris tracking.

compound.vc

A DEEP DIVE INTO BITTENSOR (TAO)

Decentralized Physical Infrastructure Networks (DePIN) aim to revolutionize traditional infrastructure models by leveraging blockchain technology to enable community-driven, decentralized management and ownership of physical assets. This piece explores the potential of DePIN to disrupt established industries like telecom, energy, and data management, while acknowledging challenges such as token incentives and scaling demand and offering a detailed breakdown of six key subsectors where DePIN could have the most impact.

threadreaderapp.com4 min read

04MISCELLANEOUS

ARBITRUM FOUNDER'S THOUGHTS ON L1 GRANTS

Early in Arbitrum's history, it was offered money from an alt L1 to build for their network in addition to Ethereum. Though Arbitrum would have had more money then, its long-term growth and adoption would have suffered. Co-founder Steven Goldfeder recommends new projects to keep their “eye on the prize” and focus on the bigger picture.

threadreaderapp.com1 min read

HIGH FDV COINS, THE ICARUS MYTH OF THIS CYCLE

Crypto projects launching with excessively high fully diluted valuations (FDVs) often face a quick downfall. Factors like anchoring bias, inflated VC valuations, poor incentive structures, and token distribution create imbalances between early investors and public buyers. The lack of genuine price discovery harms the project's chance at long-term success. Avoiding high FDV launches, raising VC funds wisely, and ensuring product-market fit before launch can help mitigate these issues.

x.com5 min read