TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-11-27

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01MARKETS & BUSINESS

FIFTH CIRCUIT RULES OFAC OVERSTEPPED IN SANCTIONING TORNADO CASH'S IMMUTABLE SMART CONTRACTS

The U.S. Fifth Circuit Court has ruled that the Treasury Department exceeded its authority by sanctioning Tornado Cash's immutable smart contracts, determining that autonomous software lacking centralized control cannot be classified as sanctionable property under existing law. While marking a significant victory for privacy advocates and blockchain developers, the ruling specifically applies only to self-executing code without administrative control, leaving Tornado Cash's broader designation and blocked status intact. The case is returning to district court for further consideration under the new legal framework.

decrypt.co3 min read

TRUMP EYES HANDING CFTC OVERSIGHT OF CRYPTO

President-elect Trump's administration is reportedly planning to shift crypto industry oversight to the CFTC, potentially reducing the SEC's regulatory control over digital assets deemed commodities and crypto exchanges. The CFTC has a significantly smaller workforce and budget and is viewed favorably by the industry for its more measured regulatory approach. Leadership changes in the SEC, including Chair Gary Gensler's resignation and Commissioner Jaime Lizárraga's departure, coincide with the upcoming regulatory restructuring

cointelegraph.com2 min read

02INNOVATION & LAUNCHES

AVALANCHE BLOCKCHAIN'S LARGEST-EVER UPGRADE GOES LIVE ON TESTNET

Avalanche has launched Avalanche9000, its largest upgrade, making it easier to build apps and custom blockchains ("subnets") on the platform. Avalanche900 was launched on the testnet to reduce transaction and validator costs. Its key features include cheaper permissionless validators and lower fees. Avalanche has launched a $40 million grants program to incentivize developers to experiment and create.

coindesk.com3 min read

INTRODUCING EIGENGOV: PART 1

EigenLayer has introduced EigenGov, a novel governance platform designed to coordinate ecosystem participants through a network of specialized councils with specific authorities over protocol decisions. Its structure has councils making primary decisions while EIGEN tokenholders retain veto power and endorsement capabilities, inverting traditional DAO models where tokenholders delegate power to representatives. The platform will have a “Core” branch for production and a “Vision” branch for experimental features.

blog.eigenfoundation.org6 min read

03GUIDES & TUTORIALS

AERODROME DEEP DIVE

AerodromeFi has emerged as the dominant DEX on Coinbase's Base chain. It drives over 50% of Base's TVL, offering unmatched liquidity efficiency through its veAERO flywheel. Aligned with Coinbase's strategy for onchain growth, Aerodrome is positioned to play a pivotal role in expanding global DeFi access, supported by major investors and innovative partnerships like Universal Asset.

threadreaderapp.com5 min read

ETH IS PERMISSIONLESS MONEY

ETH is a new form of permissionless money. It cannot be censored or shut down by a third party. ETH has a low inflation rate of 0.8%, the same as Bitcoin's for the next four years, and is ultimately aligned with the general expectation of a currency's inflation schedule. Even with low rollup fees, enough rollups could lead to massive ETH burn and solidify the asset as the best data availability and settlement layer.

threadreaderapp.com2 min read

04MISCELLANEOUS

AI AGENTS COULD BE THIS CYCLE'S STEP FUNCTION UNLOCK

AI agents are emerging as a powerful new crypto trend. They initially function like memecoins but have the potential to evolve into “ownable agents” with their own tokens that grow in value as their utility and prominence increase. With advances in ease of creation, distribution, and compelling narratives about their future potential, these agents have the potential to catalyze a new cycle of crypto adoption, much like NFTs and DeFi did in previous cycles.

x.com4 min read

THOUGHTS ON BULL CYCLE TIMELINE(S)

The next major market correction is predicted to come around Q1 2025, coinciding with the announcement of U.S. crypto regulations. However, a long-term positive regulatory framework could lead to a rally post-correction, particularly benefiting fundamentally strong “Dino” coins like AAVE, MKR, and ETH, which could set the stage for a potential multi-year supercycle.

threadreaderapp.com1 min read