TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-09-18

5 sections12 entrieslinks blockcomplete parse

Parse notes

  • Subscription/account footer truncated before parsefooter_truncated

01MARKETS & BUSINESS

CRYPTO PROJECT WORLD LIBERTY FINANCIAL, PROMOTED BY TRUMP FAMILY, CONFIRMS PLAN FOR TOKEN

In an X Spaces audio stream, the team behind the Trump Family's new crypto project confirmed plans to launch a governance token called WLFI, available only to accredited investors under an SEC Regulation D exemption. The token, which is non-transferable and offers no economic rights, will focus on governance participation amid ongoing regulatory uncertainty in the U.S. In the stream, Donald Trump called crypto “one of those things we have to do, whether we like it or not.”

coindesk.com3 min read

JAMIE DIMON SAYS JPMORGAN CHASE IS 'PROBABLY ONE OF THE BIGGER USERS OF BLOCKCHAIN'

Jamie Dimon, CEO of JPMorgan Chase, reiterated his skepticism of cryptocurrencies but highlighted that JPMorgan is a major user of blockchain technology, calling it an efficient way to share data. Despite dismissing crypto as "worthless," Dimon emphasized that the bank's Onyx blockchain network has processed over $700 billion in transactions since 2020.

threadreaderapp.com2 min read

02INNOVATION & LAUNCHES

INTRODUCING BOUNDLESS: THE VERIFIABLE COMPUTE LAYER

Boundless allows for ZK verification of off-chain programs on any blockchain. Applications previously limited by the computational cost of blockchain execution can now be built and cryptographically verified onchain, including verifiable AI interactions, centralized identity services, and super-fast DEXs. Developers can build with familiar languages like Rust while Boundless handles the complex cryptography and cross-chain composability.

threadreaderapp.com1 min read

FERMAH: THE UNIVERSAL PROOF GENERATION LAYER

Fermah is a marketplace for ZK proof generation consisting of GPU suppliers capable of generating proofs for any ZK program or circuit. By aggregating the proof generation marketplace, Fermah hopes to lower costs and create more efficient markets. Ultimately, its goal is to make zero-knowledge proofs the default layer for all computation.

threadreaderapp.com2 min read

03GUIDES & TUTORIALS

STABLECOIN MARKETMAP 2024

This map highlights the various companies building across the expansive stablecoin industry. Categories include exchanges like MoonPay and MoneyGram, payment cards from Gnosis and Naka, and remittance platforms like Bitso and DolarApp.

threadreaderapp.com1 min read

TRANSACTION SEQUENCING POLICIES HEAVILY INFLUENCE HOW MEV VALUE IS CAPTURED ON LAYER 2 NETWORKS

This thread breaks down how over $4B in MEV (Maximal Extractable Value) has been captured on Layer 2 (L2) networks like Arbitrum, Optimism, and zkSync, highlighting the impact of transaction sequencing policies such as Arbitrum's FCFS, Optimism's Priority Gas Auction (PGA), and FastLane. These policies influence how MEV opportunities like arbitrage and sandwich attacks are handled, with solutions like Timeboost aiming to balance fairness and efficiency by introducing auctions and reducing latency races.

threadreaderapp.com4 min read

04MISCELLANEOUS

RISE, THE GIGAGAS LAYER 2

Rise is a new Ethereum Layer 2 capable of a throughput of 1 billion gas units per second, over 20 times higher than the current highest rollups. Using technology like parallel EVM execution and innovative state access design, RISE aims to enable applications like high-frequency trading, large-scale gaming, and billion-user social networks.

threadreaderapp.com2 min read

BINANCE CONTROVERSY OVER LISTINGS

Binance lists low market cap tokens, yet imposes strict conditions on founders looking to list their tokens, requiring large concessions and cap table adjustments. This potentially demonstrates a change in its token listing model.

threadreaderapp.com1 min read