Together With
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Crypto funds see $206M in outflows (3 minute read)
Investors recently withdrew ~$206 million from crypto investment products (e.g., ETF/ETP), likely due to expectations of persistently high interest rates. U.S. spot bitcoin ETFs had significant withdrawals, while crypto futures in the U.S. saw even larger outflows, contrasting with inflows in Canada and Switzerland.
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Thailand to block certain crypto platforms (1 minute read)
Thailand's SEC is expected to restrict access to unapproved crypto platforms to prevent illegal activities like money laundering. This aligns with measures in India and the Philippines and follows Thailand's positive regulatory steps towards cryptocurrency this year.
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GPU-EVM: The Most Performant Parallel-EVM by 100x (2 minute read)
GatlingX has released GPU-EVM, a mechanism to GPU-parallelize the EVM that beats CPU-based EVMs by 100x. GPUs, made for simultaneous operations, dramatically improve performance over sequential CPUs. This high throughput brings numerous new applications, including training reinforcement learning-based AI agents with the EVM, L2 acceleration, and DeFi simulations.
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Introducing BIP-420: formal Bitcoin Improvement Proposal for OP_CAT (5 minute read)
The OP_CAT opcode has formally received proposal number 420. BIP-420 will allow two values to be concatenated in the Bitcoin scripting language. Though trivial in implementation, this feature greatly increases Bitcoin's functionality by introducing covenants that enable smart contracts, cryptographically secure bridges, zero-knowledge proof verification, and other useful features. OP_CAT has received much attention recently because the Taproot Wizards promoted the opcode through its Quantum Cats Ordinals.
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A full breakdown of ZKasino's $33m theft (4 minute read)
In a brazen $33 million rug pull, the crypto betting platform ZKasino converted over 10,500 ETH of user funds into $ZKAS tokens at an inflated price without consent and imposed a 15-month vesting schedule. Despite numerous red flags, including the founder's shady past, unpaid employees, and abruptly canceled token listings, ZKasino managed to raise a massive war chest before ultimately shutting down communication channels and banning users who called out the scam.
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Unpacking the Stacks Bitcoin L2 Nakamoto upgrade (2 minute read)
This tweet thread discusses the Stacks 2.5 upgrade, named Nakamoto, which introduces significant improvements to security, speed, and Bitcoin L1-L2 interaction. It enhances the Stacks network's (Bitcoin L2) resilience by aligning its security with Bitcoin's and improves transaction speed, reinforcing its position as a mature Bitcoin L2 solution. The upgrade is set to unlock new potential for Bitcoin in DeFi as it facilitates native and decentralized Bitcoin movement across layers.
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Punk6529 on the progression of memes relating to freedom (4 minute read)
The increasing centralization of power, exacerbated by AI, poses significant risks to society. Decentralized systems like open-source software, public blockchains, and NFTs, combined with the power of memes and culture, can serve as an essential safety valve against potential centralized nightmares.
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Crypto Will 10x Internet UX (4 minute read)
Crypto's path to hundreds of millions of users will come by making the user experience drastically better than Web2. Passwordless keys, web wallets, smart contract accounts, and open social graphs remove many frustrations around having multiple accounts, two-factor authentication, and siloed information. Signing into new apps will be a one-click process, with all relevant information and finances immediately available. Crypto will make the internet more usable and interconnected than ever before.
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Stablecoin gains filter to market leader (1 minute read)
Although overall stablecoin supply has increased year-over-year, USDT, the market leader, has seen the majority of gains ($85 billion to $110 billion market cap) whereas USDC supply has risen from $31 billion to $34 billion.
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