'Meme coins,' digital assets rooted in internet culture, are gaining significant traction, with established coins like Dogecoin taking off and other newer coins like dogwifhat, Pepe, and Bonk having explosive moves and reaching multiple billion dollar market caps. Even though investing in such assets carries high risks, including possible loss of principle, technological failures, and regulatory challenges, users in the space are having fun betting on which coins will be the most viral.
MicroStrategy, which now classifies itself as a Bitcoin Development Company, is planning to raise $500 million through a convertible debt offering. The company intends to use these funds to acquire more bitcoin. This follows MicroStrategy's recent $800 million capital raise, which was used to purchase an additional 12,000 bitcoins. It now owns around 205,000 bitcoins, currently valued at nearly $15 billion.
Consumer crypto's future appears to be on two trajectories: treating crypto as the 'why' and the 'how.' The former category includes assets like Bitcoin and is aimed at early crypto adopters, while the latter uses crypto as a technological instrument, appealing to mainstream users. A new wave of innovation aims to offer unique experiences that can only be developed with crypto, leveraging global payment rails, composable on-chain assets, and creating new markets.
ETF-ization expands access and potential for crypto in traditional finance, with significant implications for future investment landscapes.
Bitcoin ETFs, at $58.7 billion, are closing in on gold ETFs’ $98 billion in assets, bringing a great deal of validity to the argument that Bitcoin could potentially rival gold as a store of value.
Solana meme coin dogwifhat's mascot will be featured on Las Vegas's Sphere for a week.
The Blast Mainnet temporarily halted block production following Ethereum's Dencun upgrade but resolved the issue within an hour.
Cryptocurrency exchange Coinbase intends to raise $1 billion through a private offering of senior convertible notes with repayment due by April 2030. This initiative aims to secure funds for clearing off existing debts due in 2026, 2028, and 2031 and for corporate purposes. The notes will be offered to eligible institutional investors and can be converted into cash, Coinbase shares, or a combination thereof.
Digital Asset has successfully tested its Canton Network, a blockchain service involving major financial firms including Goldman Sachs and BNY Mellon. The trial allowed the seamless transaction and settlement of tokenized assets, with uses ranging from fund registry to margin management. The successful execution of 350 simulated transactions demonstrated potential advantages including reduced risk and optimized capital.
The Primitives Protocol is a system designed to build consumer crypto apps on Solana. The creators exploited Solana's potential for seamless, inexpensive transactions to establish a consumer experience akin to setting up a social media profile. Their system aims to push mainstream adoption of crypto by simplifying the usually complex process. They have started working on a software development kit to support more social applications on Solana, enhancing its infrastructure and facilitating user-friendly minting.
The newly established Tensor Foundation, which supports Solana's Tensor NFT marketplace, has revealed plans for its TNSR governance token. Tensor presently claims around 33.49% of the NFT market share, battling with platforms like Magic Eden. Without mentioning a potential TNSR airdrop, the foundation praised Solana's blockchain benefits, such as speed and cost-efficiency. The foundation aims to nurture a network of creators and builders devoted to the success of NFTs.
This article outlines a comparison between Solana and Ethereum's transaction mechanisms. Solana's advantages include a minimal transaction fee and quick execution time. However, Solana's fee mechanics are insufficient for scalability, unlike Ethereum's dynamic transaction fees which are efficient and resourceful. Despite Solana's continuous block building and multi-threaded scheduler, weak inclusion guarantees and less reliable prioritization make substantial network improvements necessary.
The guide offers tips for identifying small-cap cryptocurrency gems. It recommends using Dexscreener for filtering based on liquidity, pair age, and transaction volume. Etherscan can help in tracking notable wallets in new launches. Automated notifications about potential small caps and the use of tools that track high-profit trades on Ethereum are also encouraged. The guide also suggests monitoring new wallet activity as an indicator of project interest. These methods carry inherent trading risks.
The world of cryptocurrency is shifting towards the “Attention Theory of Value,” where the price of an asset depends largely on the amount of attention and investment it attracts. "Publisher-Exchanges," apps that combine attention and value, are predicted to rise, essentially becoming marketplaces of attention. These platforms could expand chances for asset creation, allowing inventive interaction and coordination. With embedded asset issuance and trading, "Publisher-Exchanges" have the potential to revolutionize how consumers interact with crypto.
Despite a 30% decrease in CleanSpark's (CLSK) price amidst a 30% increase in Bitcoin (BTC) price, CLSK remains a strong investment due to key factors such as competent management and solid growth in hash rate. Notably, the company's decision to reserve call options to potentially double its productivity by year's end is highlighted as an unrecognized advantage. BTC's trend upwards will likely produce positive outcomes for CLSK.
MapleStory Universe switched from Polygon to Avalanche for its blockchain MMO as part of its plans to achieve enhanced security, unique NFT items, and a focus on user-generated content by the end of 2024.
Alt season triggers when Bitcoin's wealth effect boosts investor confidence, hinting at significant market shifts and investor behavior changes. It could potentially move billions into altcoins.
Grayscale plans to launch a smaller, cheaper Bitcoin Mini Trust fund to offer competitive fees and a non-taxable spin-off for GBTC investors. Approval by the SEC is pending.
Wyoming introduced DUNA for DAOs, offering benefits like legal existence, privacy, and limited liability and promoting decentralization. Effective July 1, it supports smart, flexible governance for token-using companies with a U.S. nexus.
Sponsored
Fortune 50 companies like AWS, Google, and Nvidia and fast growing startups like Vercel and Secureframe work with TLDR to reach our audience of over 4 million tech-savvy decision makers with highly customized campaigns (like this one!).
Bloomberg ETF analysts have reduced their predicted odds of a spot Ethereum ETF approval this May to 30%. The primary reason they are reducing these odds is the lack of filing changes for these products. However, the market seems to be pricing in better odds than this as Ethereum has been keeping pace with Bitcoin, surging since the launch of the spot Bitcoin ETFs in January.
Crypto venture firm Paradigm is leading a funding round for Monad Labs, a startup aiming to build an ‘Ethereum killer’. The deal, valuing Monad at $3 billion, includes over $200 million in funding, following the company’s $19 million seed round in February. If successful, it will be 2024's largest crypto fundraise to date. This not only shows that investors are interested in what Monad is building but also that VCs are starting to have an appetite for larger deals.
Espresso Systems is developing a marketplace for shared sequencing that will enable L2s on Ethereum to sell block space. The project aims to tackle the fragmentation that is happening in the Ethereum ecosystem without compromising the benefits of rollups and validiums, allowing for the unified and efficient execution of user intents across multiple chains. Espresso is also creating a decentralized finality gadget, HotShot, to improve transaction confirmation speeds and security. The goal of this is to facilitate greater interoperability and reduce transaction costs and latency for end-users.
Prom is launching a new L2 that will be interoperable with both EVM and non-EVM ecosystems. It offers a cost-efficient and scalable solution by leveraging zkSNARK technology and Polygon Zero’s ZK proof tech. The Prom ecosystem will be powered by its native utility token, $PROM, which enables transactional and governance functionalities.
Ordinals could be the leaders as far as NFTs go this cycle due to the potential resurgence of a 2021-like NFT mania and the perceived security, decentralization, and affordability of Bitcoin. Bitcoin whales could catalyze the Ordinals’ price appreciation even further than was possible with ETH NFTs. This author predicts that most of the top 10 NFT collections will be on Bitcoin by 2025.
This thread provides a helpful lay of the land as far as decentralized AI projects go in the crypto space. It lists several projects in different verticals within decentralized AI or areas that support it. Some of the projects it goes over include Grass, Story Protocol, Bittensor, and Ora.
While the crypto prediction platform, Polymarket, is putting the odds of an ETH ETF approval in May at a 24% chance, the author of this thread believes the chances are much higher. ETH continues to keep pace with BTC, even though BTC has had the benefit of incredibly strong ETF inflows. Regardless of whether or not the ETF is approved in May, the author of this thread is convinced that it will happen at some point and that the market is already attempting to account for that.
This article discusses the prospects of combining blockchain infrastructure with AI agents. This could lead to an "Internet of Agents" where AI-driven activities are facilitated by blockchains’ cryptographic security, incentives, composability, and decentralization. Possible applications of this approach include AI prediction markets, user intent matching, action planning, and shared funds. However, there are potential risks such as the exposure of model vulnerabilities and the steep costs of implementing secure machine learning computations.
2024.03.12·davidecrapis.notion.site·20 min read·TLDR Crypto Coinbase put out a challenge to the SEC's denial of its rulemaking petition in court, claiming the decision is unjust and violates administrative law as it continues to argue for clear regulation in the digital asset space.
After announcing a new tranche of convertible notes last week, MicroStrategy acquired 12,000 BTC for $821.7 million, expanding its holdings to 205,000 BTC.
Kamino Finance revised its airdrop parameters after receiving feedback from unhappy users. The changes aim to manage the distribution of the KMNO token and address challenges in rewarding users fairly with a focus on long term users.
VanEck is temporarily waiving fees on its Bitcoin ETF to attract more investors in response to BlackRock gaining 69% market share of the newly approved spot Bitcoin ETFs.
BlackRock's Global Allocation Fund may soon include investments in Bitcoin exchange-traded products, according to a revised prospectus lodged with the SEC. This is the second fund that BlackRock has filed to include Bitcoin ETFs in. BlackRock says that these ETFs help the funds gain access to bitcoin exposure, helping them create a more diversified investment strategy.
Coinbase, America's largest cryptocurrency exchange, recently met with the SEC to discuss Grayscale's proposed Ethereum ETF. Conversion of Grayscale's Ethereum Trust into a spot ETH ETF would allow investors to access spot Ethereum exposure directly through their normal brokerage accounts. According to documents filed with the regulator, the presentation covered possible market manipulation and described Ethereum as resilient to fraud and manipulation.
Stable Jack, a new protocol on Avalanche, was rolled out to build a yield-bearing stablecoin called aUSD. The aim of the initiative is to produce a capital-efficient, risk-free, decentralized yield-bearing stablecoin, creating an alternative stablecoin option for Avalanche users that is more efficient and easier than other options.
Rollchains, a new blockchain module that combines Cosmos L1 and rollup technology, is rolling out on Cosmos and Celestia. Stride plans to be the first to adopt this hybrid chain architecture. Rollchains are "modularized" Cosmos L1s that post data to Celestia, strengthening immutability and exposing chain data to Celestia's indexers, while offering a variety of validator choices.
This post explains how high-performance blockchain networks like Solana and Aptos are set to play significant roles in DeFi due to their high throughput and low fees. The technical differences they offer, like higher TPS and on-chain order books, open up new possibilities and use cases for application builders.
This thread lays out some common mistakes to avoid during bull markets. Take profits when you feel triumphant, don't switch investments too frequently, and don't panic during market corrections. Diversification should be carefully balanced and exiting trades should be done in stages. It is also essential to cut losses quickly whilst staying flexible as each market cycle performs differently.
This article discusses the rise and significance of MEV in decentralized systems. It provides an exploration of its roots, its implementation, its impact on Ethereum, and the evolution of the MEV supply chain. It also highlights the trust issues involved and the recent changes brought about by the Merge and MEV-Boost.
Wyoming Governor Mark Gordon has implemented a new law that allows DAOs to be recognized as unincorporated nonprofit associations. Crypto investment giant Andreessen Horowitz has hailed the move as a significant breakthrough as it offers better protection and support for blockchain networks. This law extends the state's blockchain-friendly reputation, encouraging DAOs to establish themselves in the region.
Bitcoin's spot trading volume hit a 12-month high, with retail interest surging as Bitcoin surpassed previous all-time highs, briefly breaking $70k.
Ethereum researchers are proposing reducing newly issued Ether to counter liquid staking's dominance, sparking a debate around whether liquid staking has become too big or not.
Bill Ackman playfully suggested investing in Bitcoin due to its potential to drive a self-reinforcing cycle of price increases and economic impacts.
Individuals on Crypto Twitter have taken marketing matters for a popular memecoin, WIF, into their own hands and are attempting to raise money to put the mascot for the coin on the Las Vegas Sphere for a week.
Pantera is raising funds to purchase $250 million worth of SOL from FTX, aiming to buy at a 39% discount from the 30-day average price. This comes following FTX's bankruptcy proceedings, which allow it to sell up to $100 million per week in crypto assets. Pantera would need to hold the tokens for up to four years after purchase as per the deal's condition.
The SEC will delay its decision to approve or disapprove options trading for BlackRock's bitcoin ETF until April 24, allowing for more time to consider the proposal. It has also delayed decisions on allowing Cboe and Miax Pearl to list and trade options on spot bitcoin ETFs, with their deadlines set for the same date.
This paper describes a pioneering design for Automated Market Makers called Auction-Managed AMMs. Addressing informed trader loss and uninformed trader fee revenue optimization issues, this concept allows players to bid to manage pools and dynamically adjust swap fees. The design optimizes transaction fees, benefiting liquidity providers and retail investors and potentially attracting more liquidity than traditional AMMs, thereby enhancing efficiency on DeFi platforms.
Binance has launched a new platform, Futures NEXT, that incentivizes users to accurately predict the next tokens to be listed on its futures exchange. Users can nominate tokens and place bets on them, with successful predictions rewarded through vouchers for futures trading or fee rebates. Binance ensured users that this platform will not influence token listings and is independent of its listing process.
This post compares the concept of Token Toxicity, where stakers don't attack a protocol in fear of depreciating their staked tokens, to Slashing security. Slashing offers stronger security as it individually penalizes malicious actors, resulting in a higher cost of corruption. Protocols stand to gain more from adopting Slashing than relying solely on Token Toxicity.