TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-11-18

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01MARKETS & BUSINESS

WINTERMUTE'S PROPOSAL TO OVERHAUL ETHENA PROTOCOL REVENUE SHARE APPROVED BY RISK COMMITTEE

Wintermute's proposal to allocate a portion of Ethena protocol revenue to staked ENA (sENA) and related programs was approved by Ethena's risk committee. Wintermute hopes to better align sENA holders with the Ethena protocol's growth and revenue generation. The Ethena Foundation is committed to ensuring all future revenue benefits the protocol exclusively and will be governed transparently via ENA and sENA stakeholders.

links.tldrnewsletter.com2 min read

NFTS WEEKLY SALES SURGE 94% AS CRYPTO MARKET CONTINUES BULLISH RUN

Last week, NFT volume reached $181 million, a 94% increase on the previous week, largely driven by increased speculation and price action in the crypto market. Ethereum led trading with $67 million in NFT sales, while Bitcoin followed with $60 million. NFT volume reached an all-time low of $300 million in September and broke a seven-month downturn.

cointelegraph.com2 min read

02INNOVATION & LAUNCHES

ZEREBRO: THE ALL-IN-ONE AGENT

Zerebro is a recently released AI personality that has taken Crypto Twitter by storm. It is designed to create content autonomously across several verticals. It can also search the web via Perplexity and interact with DeFi protocols. The $ZEREBRO token was independently created. An ecosystem is now developing around it that includes a Solana LST that buys and burns the token.

x.com3 min read

OP_VAULT EXPLAINED: HOW IT COULD ENHANCE BITCOIN SECURITY

OP_VAULT, introduced in BIP 345, introduces security features to Bitcoin that enable users to create vaults with built-in clawback mechanisms and monitoring capabilities. It implements three key components - a recovery path, an unvault key, and an unvault target - allowing for enhanced security without complex key management requirements while offering benefits like batched recovery management and protection against social engineering attacks. OP_VAULT remains in the proposal stage with some limitations, including fixed destinations and no batched unvaulting.

cointelegraph.com6 min read

03GUIDES & TUTORIALS

ON SEIZING THE MOMENT IN CRYPTO

The post-US election landscape marks a pivotal moment for crypto, with regulatory clarity and bipartisan support potentially enabling U.S. crypto builders to focus on innovation rather than survival. Key areas of development include stablecoins revolutionizing global payments, Ethereum's future advancements like the proposed “beam” chain for improved scalability and security, and broader adoption of blockchain technology by governments and institutions.

a16zcrypto.substack.com5 min read

A USEFUL FRAMEWORK FOR UNDERSTANDING STABLECOINS: BANKING HISTORY

Stablecoins have rapidly evolved into a $160B global market with two primary categories: fiat-backed stablecoins and asset-backed stablecoins. Drawing parallels to banking history, fiat-backed stablecoins dominate because of their simplicity and perceived safety, while asset-backed stablecoins, issued through decentralized lending protocols, are expected to grow as onchain lending matures as they offer transformative potential for payments and financial ecosystems.

a16zcrypto.com13 min read

04MISCELLANEOUS

THE ROLE WARPCAST PLAYS IN THE FARCASTER ECOSYSTEM

Warpcast, as the largest app on the Farcaster protocol, has to consistently confront the challenge of driving user growth while balancing feature integration and competition with ecosystem partners. The protocol's survival depends on achieving significant user adoption.

warpcast.com1 min read

WHY A BITCOIN STRATEGIC RESERVE COULD BACKFIRE

Proposals for a Bitcoin strategic reserve could backfire by signaling doubt in the USD's stability, potentially undermining its status as the global reserve currency. While the best-case scenario positions the U.S. as a crypto leader, pairing such a reserve with actions that erode trust in the Federal Reserve, like prematurely replacing Federal Reserve Board Chair Jerome Powell, could damage institutional credibility and U.S. economic leadership.

linkedin.com2 min read