South Korea's Financial Services Commission plans to regulate cross-border stablecoin transactions, including dollar-pegged coins, under foreign exchange rules. The country will consult with Japan, the EU, and other jurisdictions, aiming to ensure stablecoin transaction soundness and establish a legal framework, beginning with won-pegged tokens.
Jupiter has launched a mobile app for Solana users that offers zero platform fees, one-tap swaps, and built-in crypto on-ramping through Apple Pay, credit cards, and more. The app provides an effortless trading experience with automatic handling of slippage and transaction retries. It is now available on iOS, with Android support coming soon.
Alchemy Pay's virtual card service is now integrated with Samsung Pay, allowing users to make crypto payments in-store and online at various retailers. This integration comes after a recent update to include Google Pay and expands Alchemy Pay's reach, offering quick, seamless crypto transactions to its users through major mobile payment platforms.
A new prediction market competitor could create a unique value proposition by creating non-binary outcomes for predictions, introducing permissionless markets, leverage, and institutional market makers. With the election being the primary driver of attention and volume on Polymarket, it must have a solid strategy for remaining relevant after November, including having copy trading, leaderboards, social features, and betting on more culturally relevant topics. Monetizing the data could prove lucrative.
In a recent research report around web3 gaming, 10% of respondents cited the complexities of crypto wallets as a primary deterrent keeping them from trying web3 games. 7% didn't understand the value proposition, 2% are happy with web2 games, and 9% stated it does not appeal to them. Nearly 60% of web3 gamers said they played for airdrops, indicating a massive discrepancy between the stated goal of onchain games and their actual use case as a tool for speculation and play-to-earn mechanics.
Symbiotic X's social media account was compromised, leading to a phishing attack where users are being lured into connecting wallets to a fake site, potentially losing their tokens. Malware embedded in SVG image files has emerged as a new threat. These files infect users' computers and install remote access software to steal credentials and crypto assets. Crypto users should exercise caution when engaging with unfamiliar links and image files to avoid these evolving threats.
This conversation highlights a core debate around Ethereum's value proposition.
BitGo, the custodian of WBTC, has raised concerns about a new custody model that increases centralization and involves Tron founder Justin Sun.
EIP-7781 proposes reducing Ethereum block times from 12 seconds to 8 seconds, thus allowing for 50% more throughput.
Tether, the world's largest stablecoin issuer, is celebrating its 10th anniversary while taking steps to improve its U.S. image amidst ongoing scrutiny.
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Worldcoin, co-founded by OpenAI's Sam Altman, is prioritizing expansion in the Asia-Pacific and Latin America regions, citing greater openness to emerging technologies compared to Europe. While facing regulatory challenges in Europe, particularly around data privacy, the company continues its efforts in the region but sees larger growth opportunities elsewhere.
A U.S. Bankruptcy Judge approved FTX's reorganization plan, allowing for the liquidation and partial repayment of crypto holdings to creditors. This is all occurring about two years after FTX's initial collapse and legal battles. Since the plan was approved, some creditors are unhappy as they will receive about 10-25% of the current value of their crypto holdings at the time of FTX's bankruptcy (based on crypto denomination).
NANI is a new onchain agent OS for AI-based crypto automation. Its beta is live on Ethereum, Arbitrum, and Base, and enables natural language interactions for wallet management. Its features include text-to-transaction functionality, onchain data feeds, and gas abstraction.
RISC Zero has launched Steel, a smart contract prover that moves EVM app execution offchain while maintaining onchain security. It effectively bypasses gas limits through contract execution proofs, enabling boundless runtime and significant cost reductions. Steel allows EVM devs to optimize expensive onchain operations and build apps that were previously impossible due to gas constraints while preserving EVM compatibility and security.
This article explores the impact of a liquidity shift in global markets, particularly highlighting China's recent economic pivot marked by unprecedented government interventions to boost capital markets. It also discusses how these liquidity trends could influence both traditional and crypto markets, with a focus on macroeconomic cycles, easing policies, and shifting institutional behaviors.
Zero-Knowledge (ZK) Compression is a technique that drastically reduces the size of data stored on a blockchain like Solana without losing any functionality. It works by creating small cryptographic representations (hashes) of data and using zero-knowledge proofs to verify ownership, allowing users to interact with the compressed data while saving storage space and costs.
Gaming token projects are grappling with choosing between DEX and CEX listings. While CEX requirements are increasingly demanding and expensive, they offer guaranteed FDV and increased liquidity. DEX-centric approaches and higher community allocation aim to better support user demand and maintain their identity as gaming tokens instead of vehicles for speculation. This debate captures the larger issue between the accessibility of liquidity from CEXes and the higher degree of freedom of DEXes.
A basket of curated memecoins driven by a “memecoin supercycle” fueled by macro conditions, financial nihilism, and cultural shifts could outperform most crypto investments in 2025. This post outlines strategies for picking potentially successful memecoins, emphasizing strong emotion resonance, wide distribution, and proven resilience. While there are risks, like macro changes and black swan events, memecoins have clear product-market fit.
BlackRock alleged that digital assets are growing faster than other emerging tech like mobile phones and the internet at a digital asset conference in Brazil.
Bitcoin has outperformed all other asset categories in 2024 with a return of 49.2%.
Vitalik Buterin says the best thing for memecoins is for them to donate a portion of their proceeds to charity.
Each investment cycle provides a chance for retail investors to outperform professionals by entering markets that are too risky for professionals.
The UAE has exempted crypto transfers and conversions from value-added tax, improving its appeal as a crypto-friendly jurisdiction and reflecting a broader trend of updated regulations in the region to accommodate digital assets.
The upcoming presidential election presents conflicting approaches to crypto, with Trump adopting a pro-crypto stance and Harris being more cautious. Industry experts generally agree crypto will be fine regardless of the outcome, but a Trump presidency might be more immediately positive due to more transparent policy positions and promises. The election's primary impact will be in alleviating regulatory uncertainty, though the candidates' approaches differ in speed and size.
BerrySwap enables users to trade any ERC20 token on Ethereum using a chatbot. Users will not need to directly manage a wallet as BerrySwap integrates Account Abstraction with Privy and sponsored transactions via Biconomy. BerrySwap plans to support multiple EVM-compatible chains in its production version.
Talus Network has released Nexus, a fully onchain agentic framework. It allows for the creation of Talus Agents that are capable of making complex actions like managing digital assets or automating online interactions. AI Agents must live on the blockchain to ensure censorship resistance, transparency, and composability. Talus is an L1 with support for Move language-based smart contracts.
To launch a hyped token, the community needs to feel like insiders, which can be accomplished through a discounted community round, and everyone else should have a fair launch price. Make the VC vesting and insider holdings transparent with clear rules about what is and is not allowed. Though some level of vesting is valuable for ensuring long-term alignment, it also promotes low float, high FDV tokens that slowly sink from continuous unlocks.
This letter argues that Bitcoin aligns with the progressive ideals of financial inclusion despite opposition from some politicians. There have been recent endorsements of blockchain from politicians in both parties, signaling the positive impact of lobbying and optimism about the future of blockchain regulation in the United States. The letter also covers debates on DePIN networks, with proponents highlighting its potential for capital-efficient infrastructure development and skeptics cautioning about high monitoring and capital costs. Finally, the letter explores the pros and cons of appchains, weighing the benefits of ecosystem integration against greater control over tokenomics, MEV, and blockspace.
EigenLayer accidentally sent $5.5 million worth of tokens to an attacker, who promptly sold them, after its recent token launch. Initially, it was suspected that an insider broke EigenLayer's vesting agreement, but in reality, a malicious actor was able to convince the EigenLayer team they should receive an initial allocation.
Tradfi and crypto sectors continue to integrate, with companies like Gnosis Pay moving into Tradfi while platforms like PayPal and Revolut are launching their own stablecoins. These recent developments suggest the industries are beginning to combine, offering the best of both sectors with innovations like direct stablecoin transactions, under-collateralized loans, and tokenized assets serving as loan collateral.
Decentralized Energy Networks (DENs) are a potential use case for crypto that improves the efficiency of renewable energy systems.
Jesse Pollak, the head of the Base L2, believes privacy is a critical human right and sees its development on Base as a 2025 priority.
Token launches today have lower availability, insider-centric distributions, and complex vesting schedules that arguably do not ensure long-term insider-community member alignment.
As Tether faces delisting from various EU exchanges, there's a marked shift towards well-regulated, audited stablecoins and a potential increase in demand for truly decentralized alternatives.
Institutions have begun developing their own blockchain and tokenization platforms, demonstrating the growing adoption of public chains and tokenized assets.
Swift is launching live digital asset and currency transaction trials on its network in 2025. The trials aim to demonstrate how financial institutions can make transactions across different asset types using their existing Swift connections. With its global reach, Swift is uniquely positioned to interlink digital and traditional finance, potentially broadening crypto adoption.
Franklin Templeton has filed for a new ETF with the SEC that would offer exposure to both Bitcoin and Ethereum, allowing investors to track the performance of these top cryptocurrencies without directly owning them. If approved, the ETF will be traded on the CBOE, with Bank of New York Mellon managing cash and Coinbase handling the cryptocurrency custody.
More Fortune 500 companies are using Coinbase for B2B crypto payments, relying on the platform's long-standing expertise in crypto custody. Companies like PayPal, Google Cloud, and EY are executing and settling payments instantly using stablecoins, improving the efficiency of cross-border transactions and treasury management.
2024.10.04·links.tldrnewsletter.com·2 min read·TLDR Crypto This new framework for assessing defensibility in crypto markets proposes evaluating based on the question: “If I fork this app, with $50M in token subsidies, can I steal and maintain market share?” Traditional moats like liquidity and TVL may be insufficient for long-term defensibility, as they can be subsidized by well-funded competitors. True defensibility may stem from intangibles like brand, superior UX, and a team's innovation ability. Value capture is moving towards front-ends and their wallets, given their proximity to end users and access to order flow.
Though total value secured is typically used as an oracle metric, each DeFi sector has varied price demand requiring more or less updates. Two protocols with identical TVS can have different pricing needs. With Chainlink, for example, Synthetix is a larger contributor to TVS, but dYdX does over 4x more trading volume. Total Transaction Value, calculating but summing the volume of derivative DEXs using an oracle, is a better metric. This metric shows that market leaders are losing.
Celestia and EigenDA offer distinct approaches to blockchain data availability: Celestia focuses on data availability and consensus for developers to build independent rollups, while EigenDA uses a minimalist, scalable architecture that forgoes traditional blockchain elements like consensus and P2P networking, catering to systems requiring high throughput and low latency.
DeFi pioneer Andre Cronje accused Base DEX Aerodrome of taking his open-source code base, removing his credit, and placing a business license on it. If true, this could be both an ethical and legal issue. The truth of the claims is pending. The founder of Aerodrome mentioned that he and Cronje discussed the matter privately, and “all is good.”
There has been an increasing trend of violent, real-world crimes targeting digital asset holders.
The top 5 L2 chains, post-Dencun, have a 95% collective profit margin, showing that only $0.05 of every $1 earned returns to Ethereum as transaction posting costs.
Mark Cuban says there is no reason for memecoins to subsist and that they're a “game of musical chairs” and nothing more.
Over 75% of cbETH's circulating supply is unused, highlighting the importance of monitoring the underlying staked ETH instead of just the liquid staking token supply.
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2024.10.03·links.tldrnewsletter.com·Sponsor·TLDR Crypto