TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-10-24

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01MARKETS & BUSINESS

FORMER CELSIUS CEO TO RETURN TO COURT ON NOV. 13

Former Celsius CEO Alex Mashinsky will return to court on November 13 to address his motion to dismiss fraud and market manipulation charges. Mashinsky faces multiple felony counts related to manipulating the price of Celsius' CEL token. He will also have a pretrial conference on January 16, with his jury trial set to begin on January 28. His co-defendant Roni Cohen-Pavon has pleaded guilty and will be sentenced on December 11.

cointelegraph.com2 min read

BITCOIN BOUNCES BACK ABOVE $67,000 AS TRADERS NAVIGATE A ‘LIQUIDITY HUNT' POST-SURGE

Bitcoin has stabilized around $67,500 after a brief dip to $65,000, with analysts attributing the recent pullback to a “liquidity hunt” following last week's surge near all-time highs. Market experts expect Bitcoin to retest $70,000 resistance, with volatility anticipated around the November 5 presidential election. Other factors impacting price could be the Non-Farm Payroll data on November 1. A break above $71,000 could occur after the election.

decrypt.co7 min read

02INNOVATION & LAUNCHES

UNISWAP INTEGRATES ACROSS FOR IN-APP BRIDGING

Uniswap has partnered with Across Protocol to bring bridging directly to the Uniswap interface. It will initially support 9 EVM chains with native assets, stablecoins, and WBTC. Uniswap and Across also co-authored ERC-7683 to standardize cross-chain Intent-based interactions. This ERC will increase the speed and simplicity of cross-chain transactions.

threadreaderapp.com4 min read

PRACTICAL ENDGAME ON ISSUANCE POLICY

This comprehensive proposal outlines two potential approaches to Ethereum's long-term issuance policy. The first is a “hard endgame” that caps stake growth through negative infinity yields as stake increases, and the second is a more viable endgame that maintains positive yields while probabilistically limiting stake growth. The proposal recommendeds to set a maximum issuance of 0.5% of circulating supply annually with reward curves that maintain solo staker viability. It notes the importance of considering and burning MEV to achieve optimal outcomes.

threadreaderapp.com40 min read

03GUIDES & TUTORIALS

UNDERSTANDING PARALLELIZATION

Solana's use of parallelization in both transaction processing and block propagation increases throughput as it successfully simultaneously runs multiple processes. This method was not commonly used in earlier blockchains like Ethereum. Solana achieves efficiency by requiring transactions to specify which blockchain resources they access, while other blockchains like Ethereum use “optimistic parallelization”, which processes everything in parallel and addresses conflicts afterward.

x.com7 min read

CRYPTO'S ROLE IN THE AI REVOLUTION

There has been a pivotal shift between AI and crypto, where blockchain is emerging as essential infrastructure for AI development rather than merely a speculative proxy. Major apps are increasingly verticalizing by launching their own chains. There has been significant progress in token value accrual mechanisms, and AI agents beginning to demonstrate real economic activity on blockchain networks.

panteracapital.com30 min read

04MISCELLANEOUS

POSSIBLE FUTURES OF THE ETHEREUM PROTOCOL, PART 3: THE SCOURGE

The Scourge tackles the centralization risks present in block construction and staking economics. Proposals for block construction include implementing inclusion lists and encrypted mempools to reduce builder centralization, which is currently dominated by two actors controlling 88% of blocks. With 30% of ETH supply staked, developers are considering mechanisms to prevent over-staking, including adjusted issuance curves. The proposals aim to balance decentralization with economic incentives.

vitalik.eth.limo35 min read

WHY CONSUMER CRYPTO COMPLETELY SCREWED UP

Crypto's fundamental misstep in 2021 was attempting to create artificial scarcity in digital goods, which directly opposed the Internet's trend toward democratization and abundance. Music NFTs attempted to monetize digital content when historical trends showed the value of experiences over assets. More successful approaches align with Internet principles by focusing on democratizing experiences and disintermediating middlemen.

threadreaderapp.com12 min read