TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-10-23

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01MARKETS & BUSINESS

GARY GENSLER'S CONTENTIOUS REIGN OVER CRYPTO APPROACHES ITS TWILIGHT

SEC Chair Gary Gensler's controversial oversight of the crypto industry is nearly over. He will likely depart following the 2024 presidential election, though he could technically remain as commissioner until 2026. His tenure has been marked by aggressive enforcement actions, including a House-passed bill for digital asset regulations, and resistance to crypto-specific rulemaking leading to court battles and congressional pushback. Gensler's remaining agenda includes potentially finalizing crypto exchange and custody rules. His successor's approach will likely depend on the election outcome.

coindesk.com12 min read

SEC LISTS CRYPTO AS AN EXAMINATION PRIORITY IN 2025

The SEC's Division of Examinations will prioritize crypto, including Bitcoin and Ether ETFs, in 2025 because of the need to monitor the volatility and tech risks of the market. Despite potential leadership changes, the SEC plans to continue examining crypto-related activities to ensure investor protection and regulatory compliance.

cointelegraph.com3 min read

02INNOVATION & LAUNCHES

CHAINLINK ANNOUNCES PRIVATE TRANSACTIONS

Chainlink has introduced CCIP Private Transactions, allowing financial institutions to securely connect private blockchains to the multi-chain economy while maintaining data privacy. Australia and New Zealand Banking Group (ANZ) will pilot this capability for cross-chain settlement of tokenized real-world assets under Singapore's Project Guardian to demonstrate the potential for end-to-end privacy between blockchain networks.

threadreaderapp.com3 min read

WORLD'S FIRST ZK-BACKED DIGITAL IDENTITY LAUNCHED IN BUENOS AIRES FOR 3.6M ELIGIBLE CITIZENS

Buenos Aires has launched the world's first ZK-backed digital identity, successfully granting 3.6M citizens access to government services and the ability to verify credentials without exposing personal data, thanks to blockchain and zero-knowledge(zk) cryptography. By integrating QuarkID into the miBA platform, a digital platform for accessing government docs, residents now gain self-sovereign control over their digital identities, with the government no longer having visibility into how or when these identities are used.

zksync.mirror.xyz20 min read

03GUIDES & TUTORIALS

AS STABLECOINS GAIN TRACTION, WHAT'S NEXT FOR CRYPTO'S 'KILLER USE CASE?'

Stablecoins have become a dominant use case in crypto ($177B market cap and ~$5.1T in transactions in H1 24), rivaling traditional payment systems like Visa. They offer investment opportunities through public companies, potential competition with money market accounts, and may drive the growth of blockchain networks like Ethereum.

links.tldrnewsletter.com6 min read

HOW BLOCKCHAIN CAN HELP FIGHT FAKE AI

Blockchain-based identity platforms like Civic and Worldcoin are potential solutions for verifying human authenticity online. These systems combine biometrics, zero-knowledge proofs, and other cryptographic methods to prevent Sybil attacks in token airdrops and facilitate proof of humanity. While privacy concerns around biometric collection remain prevalent, client-side storage and consent-based access address these issues.

cointelegraph.com9 min read

04MISCELLANEOUS

BRIDGE INVESTMENT MEMO

This investment memo from March 2022 describes Bridge, a stablecoin API platform, as a “crypto native American Express” that enables users to transact across any chain while settling in their preferred currency. It acknowledges the team's exceptional background and the massive potential market opportunity, though it notes the immediate need for payment intermediaries in crypto remains uncertain.

threadreaderapp.com7 min read

SKY MULLS CHANGES TO BRAND IDENTITY, POTENTIAL RETURN TO MAKERDAO

Sky, formerly known as MakerDAO, is considering a return to its old branding after a token migration in September. Founder Rune Christensen presented three options for the protocol: stay as Sky, return to the original Maker vision, or rebrand to Maker but make small changes to the new USDS stablecoin and foster better subDAO alignment. Though there are concerns about SKY's utility, the USDS stablecoin has achieved over 1 billion in total supply and integrations with DeFi protocols like Aave.

links.tldrnewsletter.com3 min read