SEC Chair Gary Gensler, who faces potential removal by incoming U.S. President Donald Trump, has reaffirmed his crypto enforcement stance, emphasizing the need for crypto firms to register and disclose information while highlighting the SEC's work on approving Bitcoin ETFs. Gensler defended the SEC's approach as focused on investor protection and compliance.
Coinbase Wallet is set to introduce a “tap-to-pay” crypto feature, aiming to compete with Cash App, Venmo, and PayPal. It plans to expand the feature to 50 countries by 2025 and enable users to link bank accounts and process stablecoin transactions. Ethereum L2 Base is working on achieving layer-2 interoperability within the next six months to streamline cross-chain transactions.
Tether has launched Hadron, a platform to simplify asset tokenization. This will allow users to tokenize a wide range of assets, from stocks and bonds to loyalty points, with robust compliance, security, and control features. The platform is designed for institutions, governments, and private companies. Hadron plans to improve transparency, accessibility, and regulatory compliance in digital finance, using Tether's technology to make tokenization scalable and user-friendly.
Consensys CEO and Ethereum co-founder Joe Lubin outlined his vision for progressive decentralization in his Devcon 7 keynote. He announced plans to transform Consensys into a “Network State” while decentralizing key products like MetaMask, Linea, and Infura. The speech positioned recent U.S. political changes as a catalyst for a global shift toward decentralization and introduced sovs.xyz as a way for individuals to declare their digital sovereignty.
Bitcoin adoption by sovereign nations has shifted from improbable to inevitable, as exemplified by El Salvador's holdings, Abu Dhabi's mining operations, and growing US support for a Strategic Bitcoin Reserve. This piece frames Bitcoin as analogous to gunpowder - a technology that countries must adopt for strategic reasons - and suggests that early movers will benefit from better entry prices as a global race for Bitcoin reserves accelerates.
The rise of Web4, a fusion of decentralized systems, artificial intelligence, and autonomous agency, is transforming the internet from a reactive tool to an intelligent, proactive participant in daily life. This new era, powered by blockchain and AI, is possible due to the rapid evolution of agents capable of decision-making, creativity, and economic impact. It heralds a future where machines play pivotal roles in governance, finance, and creativity.
The success of Off The Grid, a blockchain-enhanced battle royale game, highlights how seamlessly integrating blockchain technology without overwhelming players can drive adoption. With features like opt-in NFT items and an optional marketplace, the game prioritizes gameplay over blockchain, signaling a winning strategy for Web3 gaming's future.
Burner is a new physical wallet with a sleek aesthetic designed to be the gift card of the onchain world. Users can interact with it using NFC. Burner can hold any onchain asset, with users managing the assets on their mobile devices. It also supports gasless transactions on USD II, a stablecoin created for Burner.
Optimism is leading demand in BlackRock's multi-chain expansion for BUIDL, attracting over $26M in new mints among the five newly supported chains.
World Liberty Financial (WLFI) is now using Chainlink's onchain data and cross-chain interoperability standards to secure its DeFi ecosystem and support its goal of democratizing financial access through the WLFI Protocol.
A viral influencer claiming $3.4M in meme coin profits is under scrutiny for allegedly promoting $MANEKI while wallets linked to her dumped over $7M of the token, contributing to a 70% price crash.
The 2024 State of Crypto Report highlights crypto's rapid evolution, record activity levels, stablecoins becoming a "killer app," and crypto's growing role in U.S. politics.
Agent Playground empowers AI agents to create, transact, and analyze data autonomously onchain.
Bitcoin surged past $90,000 and reached $93,000 during US trading hours. The Coinbase Premium Index has hit its highest level since April, indicating strong US demand. BlackRock's IBIT was the fourth most-traded ETF, with $1.2 billion in volume within the first hour of trading. Spot trading volumes indicate a fundamentals-driven rally. Bitcoin is up more than other major cryptos like ETH and SOL.
SEC Commissioner Hester Peirce expressed concerns that the agency lacks the preparation for new crypto-friendly policies under Trump, who has pledged clearer crypto regulations and potentially a new SEC chair more favorable to the industry. Peirce says there is a need for thoughtful crypto rule-making now to facilitate swift action if Trump's administration pushes for more transparent guidance in the sector.
AltLayer has unveiled Autonome, a no-code platform for creating and deploying autonomous AI agents with a Trusted Execution Environment (TEE). Autonome is designed to advance the “Verifiable Agentic Web,” where AI agents have access to onchain interactions. The platform will include a Build Studio that leverages Coinbase Developer Platform's AgentKit, allowing developers to create model-agnostic AI agents that can autonomously manage assets, adapt to market conditions, and interact with decentralized protocols.
2024.11.14·links.tldrnewsletter.com·4 min read·TLDR Crypto BlackRock has expanded its tokenized USD Institutional Digital Liquidity Fund (BUIDL) to multiple blockchains, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon. The move allows BUIDL to offer on-chain yield, real-time transfers, and dividend distribution, while enabling developers to integrate the fund into blockchain-based financial products with flexibility in custody and ecosystem choice.
The Midwest Blockchain Conference at the University of Michigan brought together students from major universities with industry professionals. The conference highlighted the potential for memecoins to drive retail investor engagement through the “TikTok-ification of finance.” The University of Michigan's representatives expressed interest in crypto investments and DePIN. The conference highlighted the promising pipeline of crypto-native talent at US universities.
2024.11.14·links.tldrnewsletter.com·3 min read·TLDR Crypto This post explores the rise of Zerebro, a new "agentic protocol" on-chain AI project that combines autonomous digital agents with innovative memory and search features, allowing the AI to evolve with user interactions across multiple social platforms. Zerebro is pioneering a blueprint for "agentic" on-chain projects through rapid community-building strategies, token launches, and cross-chain NFT projects, highlighting a shift from simple AI bots to full-stack, decentralized community managers.
Ethereum has lost its ambitious vision amid development challenges and competing blockchains. It needs to return to its original goal of being a global compute platform for solving coordination problems. There are four major technical objectives for the next five years: implement 1-second block times, achieve single-slot finality, increase throughput beyond 1,000 TPS, and introduce multiple concurrent proposers (MCP). MCP could enable real-time censorship resistance and align Ethereum's market microstructure with its vision of credible neutrality. High fees and centralized block proposition are limiting Ethereum's potential.
World, formerly known as Worldcoin, is pushing forward with ambitious plans to create a global identity and financial network. It has onboarded 7.5M users through incentives like $WLD airdrops and deployed 900 biometric Orbs worldwide. World aims to tackle challenges around AI, transparency, and fair governance while navigating regulatory hurdles with the launch of a redesigned Orb, the World App “Super App,” and World Chain as a dedicated Layer 2.
Utopia Labs, a stablecoin payment processor, has joined the Base team to help Coinbase Wallet with onchain payments.
2024.11.14·links.tldrnewsletter.com·1 min read·TLDR Crypto Espresso, a decentralized sequencer market, is now live on mainnet.
The FBI raided the New York City apartment of Polymarket CEO Shayne Coplan - it's unclear whether he or the company is under investigation.
2024.11.14·links.tldrnewsletter.com·1 min read·TLDR Crypto Solana NFT marketplace Tensor is launching Vector.fun, a SocialFi platform that combines social interaction with token trading.
Italy may reduce its proposed crypto capital gains tax increase from 42% to 28%. Prime Minister Giorgia Meloni's government is likely to accept the lower rate. The proposed 28% tax, down from the earlier 42% plan, still awaits review and approval by Italian lawmakers. It follows a recent increase to 26% in 2023.
Bhutan's Bitcoin holdings have surpassed $1 billion. Fueled by profits from Bitcoin mining powered by the country's hydropower resources, this milestone reflects a global trend of state-level Bitcoin adoption amid rising prices and favorable regulatory shifts.
The Beam Chain is a proposed overhaul of Ethereum's consensus layer that incorporates recent advances like MEV management, SNARKs, and quantum security to improve performance, censorship resistance, and staking efficiency. This redesign, planned for production by 2026, aims to address Ethereum's tech debt and kickstart a leap forward in security and functionality without altering the existing roadmap.
Coinbase worked alongside the Market Vector Index team to create and launch an index of the top 50 eligible crypto assets by market cap to trade as a perpetual future.
This report explores how autonomous AI agents are emerging as influential players in crypto, spotlighting innovative projects like Terminal of Truths and $GOAT and platforms like Virtuals Protocol and Daos.fun. While challenges remain, such as AI accuracy and blockchain integration, the rapid development hints at AI agents' transformative potential in the crypto economy.
Stablecoins, which now circulate over $160 billion, are transforming global finance by enabling real-time, borderless transactions that bypass traditional banking infrastructure. Despite regulatory and privacy concerns, they promise to modernize payments, enhance capital efficiency, and allow even small players to participate in global transactions. Governments are exploring their benefits for monetary control and financial transparency.
The Ethereum Beam Chain's five-year timeline demonstrates the complexity and caution required for upgrading Ethereum, given its large scale (~$60B TVL) and thousands of dependent applications. It includes major changes like 3-slot finality and chain snarkification demand thorough consensus, backward-compatible implementation, and extensive testing to avoid bugs or exploits that could impact millions of users.
Solana applications have now surpassed Ethereum in total revenue generated, a key indicator of ecosystem value creation, positioning Solana as the new leader.
Crypto stablecoin supply has reached ~$168B, marking a new all-time high.
Coinbase Wallet, in partnership with Bridge, now offers free U.S. bank accounts, allowing users to easily link their bank accounts with their noncustodial wallets to enable on-chain transactions directly through the wallet app.
Korbit, South Korea's first centralized exchange, has launched direct send/receive functionality for USDC and ETH on Base (Coinbase's L2).
Genius Group, an AI-driven education company, plans to invest $120 million in Bitcoin as its primary treasury asset.
Bitcoin's recent peak of $85,000 spurred a jump in Polymarket's odds that the cryptocurrency will surpass $100,000 by year-end, with a rapid 78% increase in the price for "yes" shares. Polymarket has seen over $2.6 million in trading on this prediction, which is now at 57%. It has had $6 billion in cumulative volume to date.
2024.11.12·links.tldrnewsletter.com·1 min read·TLDR Crypto MicroStrategy has raised $2.03 billion through at-the-market (ATM) stock sales. It is using the funds to purchase an additional 27,200 bitcoins, which will bring its total holdings to 279,420 BTC acquired at an average price of $42,692. This acquisition boosts its year-to-date BTC yield to 26.4%, supporting the company's ongoing strategy to enhance shareholder value through bitcoin accumulation.
Omo has launched a comprehensive multi-agent coordination layer that enables users and developers to create and orchestrate networks of specialized onchain agents. It addresses the current limitations of the web3 user experience and web2 AI solutions using simplified natural language agent creation, direct onchain operations, and a unified infrastructure through OmoSDK.
2024.11.12·omo-protocol-blog.ghost.io·4 min read·TLDR Crypto Avara, the team behind Aave and Lens Protocol, has announced the production release of Family, a wallet that is both user-friendly and feature-rich. Family supports various EVM L2s, key backup via iCloud, and a messaging protocol for cross-wallet communications.
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AI will be the catalyst for driving crypto into mainstream adoption. Crypto infrastructure is uniquely suited for a future dominated by AI agents due to its ease of payments, wallet creation, and open standards for agent-to-agent interactions. This article highlights three areas of development: agents for automated trading, infrastructure projects bridging off-chain and onchain environments, and consumer-facing applications.
The Fusion Model enables Externally Owned Accounts (EOAs) to function like smart contract accounts without protocol changes, offering an alternative to EIP-7702. The solution allows users to execute complex operations with a single signature by pre-calculating a companion Smart Contract Account address for each EOA and appending transaction data while maintaining full compatibility with existing infrastructure. The Fusion Module keeps EOAs and SCAs separate while enabling the immediate implementation of smart account features.
Binance has been criticized for listing AI agent tokens that are low liquidity and a poor fit for a centralized exchange. The exchange should be more transparent about its listing process and associated fees.
FTX has reached a settlement with Sam Trabucco, co-CEO of Alameda Research. The settlement involves the return of two apartments, a yacht, and disallowed customer claims totaling $70 million. Trabucco received $40 million in the two years prior to the petition date.
ENS has announced its own L2 - Namechain.
Crypto's biggest players often operate in the background without a social media presence.
Coinbase data shows that blockchain fee spending is dominated by a tiny fraction of accounts.