Ether ETF Application Official 📨, Tether Getting Into Mining ⚒️, What are L3s? ⛓️

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BlackRock has officially filed for a spot Ethereum ETF with the SEC

📈

Markets & Business

BlackRock Files Spot Ethereum ETF Application with SEC (2 minute read)

A week after its registration showed up on Delaware’s site, BlackRock has officially filed for a spot Ethereum ETF with the SEC. The trust aims to mirror Ethereum's price performance, giving investors easy exposure to the asset in their brokerage accounts. Coinbase will be the trust’s custodian. This comes as BlackRock continues to wait for approval of the Bitcoin Spot ETF it filed in June.

Tether Plans Major Expansion into BTC Mining with $500M Investment (2 minute read)

Tether, the firm behind USDT, is investing around $500 million to bring a Bitcoin mining facility online, according to incoming CEO Paolo Ardoino. The ambitious expansion includes the construction of new mining facilities in Uruguay, Paraguay, and El Salvador, aiming to work up to 1% of BTC mining's total computing power. Tether also plans to increase its direct mining operations to 120 MW by year-end, reaching up to 450 MW by 2025's end.

🚀

Innovation & Launches

Liquid Delegate A Premiere Marketplace For Tokenizing & Trading Asset Utility (2 minute read)

A new platform called Liquid Delegate has been launched, providing a marketplace for tokenizing and trading asset utility. It accommodates various asset functionalities including gaming, event ticketing, airdrop access, and social media authentication. The platform introduces Delegate Market, ensuring zero counterparty risk. Users can tokenize, transfer, and trade delegate tokens while maintaining control of the spot asset. Participating projects receive a share in trading fees to incentivize their partnership.

Coinbase Boosts Commerce Product with 'Onchain Payment Protocol' on Ethereum, Polygon, and Base (2 minute read)

Coinbase has enhanced its Commerce product with a new open source Onchain Payment Protocol. Aimed at facilitating a better payment experience, the feature supports Ethereum, Polygon, and Base ecosystems for now. The upgrade also addresses common problems merchants and customers face such as crypto volatility. By offering automatic crypto conversion to USDC, Coinbase is making the product more user-friendly and efficient.

💡

Guides & Tutorials

Wanna shape the future of decentralized innovation and blockchain technology? (Sponsor)

Share your thoughts on blockchain development and your favorite platforms, for a chance to win amazing prizes such as a Raspberry Pi 5, YubiKeys, a Ledger Nano S Plus and many more!

Take the survey now and be part of the blockchain revolution! 🚀💡

MEV on Solana (12 minute read)

This post provides a good overview of the MEV landscape on Solana. Present strategies include atomic arbitrage, liquidations, and NFT mints. MEV on Solana is still in the early stages compared to the EVM ecosystem, with strategies differing from those on Ethereum due to Solana's continuous block building and propagation. The growth of Solana's DeFi ecosystem could lead to more complex MEV extraction tactics and increased validation centralization, which may challenge network decentralization.

Layer 3s In Crypto: What They Are And How They Improve Scalability (8 minute read)

Layer 3 protocols are designed to provide advanced scalability and allow developers to create application-specific blockchains. They aim to solve issues of scalability, interoperability, and customization. Notable examples include Orbs, Arbitrum Orbit, and zkSync Hyperchains. Primarily, they work atop existing Layer 2 solutions, inheriting the security of the Layer 1 blockchain while enhancing the overall functionality and flexibility for developers.

🦄

Miscellaneous

Firedancer Live on Testnet (2 minute read)

Firedancer, the long-awaited new client developed by Jump, is now partially live on testnet. Jump has rewritten three major functional elements of the existing Solana Labs client with the aim of overhauling the software. This will bring scalability improvements for Solana. Early simulations show a potential for almost linear scaling as bandwidth and hardware capabilities increase. The full Firedancer is set for a testnet launch in H2 2024.

How Jane Street-Backed ZetaChain Aims to Expand Bitcoin’s Use Cases (2 minute read)

ZetaChain, a California-based startup, aims to include Bitcoin in the booming DeFi sector via its Layer 1 blockchain. Developers can build apps and get access to other networks without needing bridges or wrapped coins on ZetaChain. Notably, Zetachain enables the deployment of smart contracts that interact with native Bitcoin. Recently, it announced native Bitcoin support on decentralized exchange Sushi, enabling users to swap Bitcoin across 30 networks.

⚡

Quick Links

An Open Letter RE: Blockchain Domain Name Patents (2 minute read)

In this open letter, ENS criticizes Unstoppable Domains for patenting blockchain domain technology despite advocating for open innovation, urging them to legally commit to open standards in web3.

ProtonMail Is Building a Blockchain Feature for Email Validation (1 minute read)

ProtonMail is developing a blockchain-based email authentication feature to enhance privacy and security, automating recipient verification using public key encryption.

World’s Third-Largest Pension Fund Purchases Coinbase Shares (2 minute read)

South Korea's National Pension Service bought $19.9 million worth of Coinbase shares, marking its first foray into the digital asset space.

CoinShares Secures Option to Buy Valkyrie's ETF Unit (2 minute read)

CoinShares has reportedly secured an option to buy Valkyrie Investments' ETF unit, potentially securing a US presence amid expectations of SEC approval for a bitcoin ETF.

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<div style="display:none; font-size:0px; line-height:0px; max-height:0px; max-width:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;">BlackRock has officially filed for a spot Ethereum ETF with the SEC </div>




























































































































































































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<h3><strong>TLDR Crypto <span id="date">2023-11-17</span></strong></h3>
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<h3><strong>Markets &amp; Business</strong></h3>
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                            <span>
                                <a href="https://decrypt.co/206328/blackrock-files-for-spot-ethereum-etf-with-sec">
                                    <span>
                                        <strong>BlackRock Files Spot Ethereum ETF Application with SEC (2 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    A week after its registration showed up on Delaware’s site, BlackRock has officially filed for a spot Ethereum ETF with the SEC. The trust aims to mirror Ethereum's price performance, giving investors easy exposure to the asset in their brokerage accounts. Coinbase will be the trust’s custodian. This comes as BlackRock continues to wait for approval of the Bitcoin Spot ETF it filed in June.
                                </span>
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                                <a href="https://cointelegraph.com/news/tether-plans-major-expansion-btc-bitcoin-cryptocurrency-mining-500-m-investment-report">
                                    <span>
                                        <strong>Tether Plans Major Expansion into BTC Mining with $500M Investment (2 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    Tether, the firm behind USDT, is investing around $500 million to bring a Bitcoin mining facility online, according to incoming CEO Paolo Ardoino. The ambitious expansion includes the construction of new mining facilities in Uruguay, Paraguay, and El Salvador, aiming to work up to 1% of BTC mining's total computing power. Tether also plans to increase its direct mining operations to 120 MW by year-end, reaching up to 450 MW by 2025's end.
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                                <a href="https://twitter.com/0xfoobar/status/1724886397499191385">
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                                        <strong>Liquid Delegate A Premiere Marketplace For Tokenizing &amp; Trading Asset Utility (2 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    A new platform called Liquid Delegate has been launched, providing a marketplace for tokenizing and trading asset utility. It accommodates various asset functionalities including gaming, event ticketing, airdrop access, and social media authentication. The platform introduces Delegate Market, ensuring zero counterparty risk. Users can tokenize, transfer, and trade delegate tokens while maintaining control of the spot asset. Participating projects receive a share in trading fees to incentivize their partnership.
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                                <a href="https://www.theblock.co/post/263356/coinbase-boosts-commerce-product-with-onchain-payment-protocol-on-ethereum-polygon-and-base">
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                                        <strong>Coinbase Boosts Commerce Product with 'Onchain Payment Protocol' on Ethereum, Polygon, and Base (2 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    Coinbase has enhanced its Commerce product with a new open source Onchain Payment Protocol. Aimed at facilitating a better payment experience, the feature supports Ethereum, Polygon, and Base ecosystems for now. The upgrade also addresses common problems merchants and customers face such as crypto volatility. By offering automatic crypto conversion to USDC, Coinbase is making the product more user-friendly and efficient.
                                </span>
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                                        <strong>Wanna shape the future of decentralized innovation and blockchain technology? (Sponsor)</strong>
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                                    <a href="https://survey.developernation.net/name/slcs1/branch/main/" rel="noopener noreferrer nofollow" target="_blank"><span>Share your thoughts</span></a> on blockchain development and your favorite platforms, for a chance to win amazing prizes such as a Raspberry Pi 5, YubiKeys, a Ledger Nano S Plus and many more!<p><a href="https://survey.developernation.net/name/slcs1/branch/main/" rel="noopener noreferrer nofollow" target="_blank"><span>Take the survey now</span></a> and be part of the blockchain revolution! 🚀💡
                                
                            
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                                <a href="https://www.umbraresearch.xyz/writings/mev-on-solana">
                                    <span>
                                        <strong>MEV on Solana (12 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    This post provides a good overview of the MEV landscape on Solana. Present strategies include atomic arbitrage, liquidations, and NFT mints. MEV on Solana is still in the early stages compared to the EVM ecosystem, with strategies differing from those on Ethereum due to Solana's continuous block building and propagation. The growth of Solana's DeFi ecosystem could lead to more complex MEV extraction tactics and increased validation centralization, which may challenge network decentralization.
                                </span>
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                                <a href="https://www.coingecko.com/learn/what-are-layer-3s-crypto">
                                    <span>
                                        <strong>Layer 3s In Crypto: What They Are And How They Improve Scalability (8 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    Layer 3 protocols are designed to provide advanced scalability and allow developers to create application-specific blockchains. They aim to solve issues of scalability, interoperability, and customization. Notable examples include Orbs, Arbitrum Orbit, and zkSync Hyperchains. Primarily, they work atop existing Layer 2 solutions, inheriting the security of the Layer 1 blockchain while enhancing the overall functionality and flexibility for developers.
                                </span>
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<div style="text-align: center;"><strong><h3>Miscellaneous</h3></strong></div>
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                            <span>
                                <a href="https://twitter.com/asxn_r/status/1724910027415179640">
                                    <span>
                                        <strong>Firedancer Live on Testnet (2 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    Firedancer, the long-awaited new client developed by Jump, is now partially live on testnet. Jump has rewritten three major functional elements of the existing Solana Labs client with the aim of overhauling the software. This will bring scalability improvements for Solana. Early simulations show a potential for almost linear scaling as bandwidth and hardware capabilities increase. The full Firedancer is set for a testnet launch in H2 2024.
                                </span>
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                            <span>
                                <a href="https://techcrunch.com/2023/11/16/zetachain-bitcoin-trading/">
                                    <span>
                                        <strong>How Jane Street-Backed ZetaChain Aims to Expand Bitcoin’s Use Cases (2 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    ZetaChain, a California-based startup, aims to include Bitcoin in the booming DeFi sector via its Layer 1 blockchain. Developers can build apps and get access to other networks without needing bridges or wrapped coins on ZetaChain. Notably, Zetachain enables the deployment of smart contracts that interact with native Bitcoin. Recently, it announced native Bitcoin support on decentralized exchange Sushi, enabling users to swap Bitcoin across 30 networks.
                                </span>
                            </span>
                        </div> 
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                        <div class="text-block">
                            <span>
                                <a href="https://twitter.com/nicksdjohnson/status/1725167190914011490">
                                    <span>
                                        <strong>An Open Letter RE: Blockchain Domain Name Patents (2 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    In this open letter, ENS criticizes Unstoppable Domains for patenting blockchain domain technology despite advocating for open innovation, urging them to legally commit to open standards in web3.
                                </span>
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                                <a href="https://joltmailer.com/protonmail-blockchain-key-feature/">
                                    <span>
                                        <strong>ProtonMail Is Building a Blockchain Feature for Email Validation (1 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    ProtonMail is developing a blockchain-based email authentication feature to enhance privacy and security, automating recipient verification using public key encryption.
                                </span>
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                                <a href="https://watcher.guru/news/worlds-third-largest-pension-fund-purchases-coinbase-shares">
                                    <span>
                                        <strong>World’s Third-Largest Pension Fund Purchases Coinbase Shares (2 minute read)</strong>
                                    </span>
                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    South Korea's National Pension Service bought $19.9 million worth of Coinbase shares, marking its first foray into the digital asset space.
                                </span>
                            </span>
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                                <a href="https://www.coindesk.com/business/2023/11/16/coinshares-secures-option-to-buy-valkyries-etf-unit/">
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                                        <strong>CoinShares Secures Option to Buy Valkyrie's ETF Unit (2 minute read)</strong>
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                                </a>
                                <br><br>
                                <span style='font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;'>
                                    CoinShares has reportedly secured an option to buy Valkyrie Investments' ETF unit, potentially securing a US presence amid expectations of SEC approval for a bitcoin ETF.
                                </span>
                            </span>
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BlackRock has officially filed for a spot Ethereum ETF with the SEC

TLDR

TLDR CRYPTO 2023-11-17

📈

MARKETS & BUSINESS

BLACKROCK FILES SPOT ETHEREUM ETF APPLICATION WITH SEC (2 MINUTE
READ) [5]

A week after its registration showed up on Delaware’s site,
BlackRock has officially filed for a spot Ethereum ETF with the SEC.
The trust aims to mirror Ethereum's price performance, giving
investors easy exposure to the asset in their brokerage accounts.
Coinbase will be the trust’s custodian. This comes as BlackRock
continues to wait for approval of the Bitcoin Spot ETF it filed in
June.

TETHER PLANS MAJOR EXPANSION INTO BTC MINING WITH $500M INVESTMENT (2
MINUTE READ) [6]

Tether, the firm behind USDT, is investing around $500 million to
bring a Bitcoin mining facility online, according to incoming CEO
Paolo Ardoino. The ambitious expansion includes the construction of
new mining facilities in Uruguay, Paraguay, and El Salvador, aiming to
work up to 1% of BTC mining's total computing power. Tether also plans
to increase its direct mining operations to 120 MW by year-end,
reaching up to 450 MW by 2025's end.

🚀

INNOVATION & LAUNCHES

LIQUID DELEGATE A PREMIERE MARKETPLACE FOR TOKENIZING & TRADING ASSET
UTILITY (2 MINUTE READ) [7]

A new platform called Liquid Delegate has been launched, providing a
marketplace for tokenizing and trading asset utility. It accommodates
various asset functionalities including gaming, event ticketing,
airdrop access, and social media authentication. The platform
introduces Delegate Market, ensuring zero counterparty risk. Users can
tokenize, transfer, and trade delegate tokens while maintaining
control of the spot asset. Participating projects receive a share in
trading fees to incentivize their partnership.

COINBASE BOOSTS COMMERCE PRODUCT WITH 'ONCHAIN PAYMENT PROTOCOL' ON
ETHEREUM, POLYGON, AND BASE (2 MINUTE READ) [8]

Coinbase has enhanced its Commerce product with a new open source
Onchain Payment Protocol. Aimed at facilitating a better payment
experience, the feature supports Ethereum, Polygon, and Base
ecosystems for now. The upgrade also addresses common problems
merchants and customers face such as crypto volatility. By offering
automatic crypto conversion to USDC, Coinbase is making the product
more user-friendly and efficient.

💡

GUIDES & TUTORIALS

WANNA SHAPE THE FUTURE OF DECENTRALIZED INNOVATION AND BLOCKCHAIN
TECHNOLOGY? (SPONSOR) [9]

Share your thoughts [10] on blockchain development and your favorite
platforms, for a chance to win amazing prizes such as a Raspberry Pi
5, YubiKeys, a Ledger Nano S Plus and many more!
Take the survey now [10] and be part of the blockchain revolution!
🚀💡

MEV ON SOLANA (12 MINUTE READ) [11]

This post provides a good overview of the MEV landscape on Solana.
Present strategies include atomic arbitrage, liquidations, and NFT
mints. MEV on Solana is still in the early stages compared to the EVM
ecosystem, with strategies differing from those on Ethereum due to
Solana's continuous block building and propagation. The growth of
Solana's DeFi ecosystem could lead to more complex MEV extraction
tactics and increased validation centralization, which may challenge
network decentralization.

LAYER 3S IN CRYPTO: WHAT THEY ARE AND HOW THEY IMPROVE SCALABILITY (8
MINUTE READ) [12]

Layer 3 protocols are designed to provide advanced scalability and
allow developers to create application-specific blockchains. They aim
to solve issues of scalability, interoperability, and customization.
Notable examples include Orbs, Arbitrum Orbit, and zkSync Hyperchains.
Primarily, they work atop existing Layer 2 solutions, inheriting the
security of the Layer 1 blockchain while enhancing the overall
functionality and flexibility for developers.

🦄

MISCELLANEOUS

FIREDANCER LIVE ON TESTNET (2 MINUTE READ) [13]

Firedancer, the long-awaited new client developed by Jump, is now
partially live on testnet. Jump has rewritten three major functional
elements of the existing Solana Labs client with the aim of
overhauling the software. This will bring scalability improvements for
Solana. Early simulations show a potential for almost linear scaling
as bandwidth and hardware capabilities increase. The full Firedancer
is set for a testnet launch in H2 2024.

HOW JANE STREET-BACKED ZETACHAIN AIMS TO EXPAND BITCOIN’S USE CASES
(2 MINUTE READ) [14]

ZetaChain, a California-based startup, aims to include Bitcoin in the
booming DeFi sector via its Layer 1 blockchain. Developers can build
apps and get access to other networks without needing bridges or
wrapped coins on ZetaChain. Notably, Zetachain enables the deployment
of smart contracts that interact with native Bitcoin. Recently, it
announced native Bitcoin support on decentralized exchange Sushi,
enabling users to swap Bitcoin across 30 networks.

⚡

QUICK LINKS

AN OPEN LETTER RE: BLOCKCHAIN DOMAIN NAME PATENTS (2 MINUTE READ)
[15]

In this open letter, ENS criticizes Unstoppable Domains for patenting
blockchain domain technology despite advocating for open innovation,
urging them to legally commit to open standards in web3.

PROTONMAIL IS BUILDING A BLOCKCHAIN FEATURE FOR EMAIL VALIDATION (1
MINUTE READ) [16]

ProtonMail is developing a blockchain-based email authentication
feature to enhance privacy and security, automating recipient
verification using public key encryption.

WORLD’S THIRD-LARGEST PENSION FUND PURCHASES COINBASE SHARES (2
MINUTE READ) [17]

South Korea's National Pension Service bought $19.9 million worth of
Coinbase shares, marking its first foray into the digital asset space.

COINSHARES SECURES OPTION TO BUY VALKYRIE'S ETF UNIT (2 MINUTE READ)
[18]

CoinShares has reportedly secured an option to buy Valkyrie
Investments' ETF unit, potentially securing a US presence amid
expectations of SEC approval for a bitcoin ETF.

We help cutting edge companies hire world class technical talent
through our job listings. If you're hiring in crypto, CLICK HERE TO
LEARN MORE [2].

If your company is interested in reaching an audience of crypto
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If you have any comments or feedback, just respond to this email!

Thanks for reading,
Daniel Fritsche [19]

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please click here to unsubscribe [20].

Links:
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[1] https://tldr.tech/crypto?utm_source=tldr
[2] https://share.hsforms.com/1hmOFVmqOTrON_SRvaRqEbQee466?utm_source=tldr&utm_medium=newsletter
[3] https://share.hsforms.com/1OxvmrkcFS4qsxKpNXCi76wee466?utm_source=tldrcrypto&utm_medium=newsletter
[4] https://actions.tldrnewsletter.com/web-version?ep=1&lc=8d666b14-57b3-11ee-af17-61de3cd44759&p=4ef713c8-850e-11ee-a95e-ef609aa0b45d&pt=campaign&t=1700226865&s=787b2a801074a5f15dadb2ceaa79e9ccff9dd29e878060a7f457a04672f9d8d4
[5] https://decrypt.co/206328/blackrock-files-for-spot-ethereum-etf-with-sec?utm_source=tldrcrypto
[6] https://cointelegraph.com/news/tether-plans-major-expansion-btc-bitcoin-cryptocurrency-mining-500-m-investment-report?utm_source=tldrcrypto
[7] https://twitter.com/0xfoobar/status/1724886397499191385?utm_source=tldrcrypto
[8] https://www.theblock.co/post/263356/coinbase-boosts-commerce-product-with-onchain-payment-protocol-on-ethereum-polygon-and-base?utm_source=tldrcrypto
[9] https://survey.developernation.net/name/slcs1/branch/main/?member_id=tldr&utm_source=tldrcrypto
[10] https://survey.developernation.net/name/slcs1/branch/main/?member_id=tldr
[11] https://www.umbraresearch.xyz/writings/mev-on-solana?utm_source=tldrcrypto
[12] https://www.coingecko.com/learn/what-are-layer-3s-crypto?utm_source=tldrcrypto
[13] https://twitter.com/asxn_r/status/1724910027415179640?utm_source=tldrcrypto
[14] https://techcrunch.com/2023/11/16/zetachain-bitcoin-trading/?utm_source=tldrcrypto
[15] https://twitter.com/nicksdjohnson/status/1725167190914011490?utm_source=tldrcrypto
[16] https://joltmailer.com/protonmail-blockchain-key-feature/?utm_source=tldrcrypto
[17] https://watcher.guru/news/worlds-third-largest-pension-fund-purchases-coinbase-shares?utm_source=tldrcrypto
[18] https://www.coindesk.com/business/2023/11/16/coinshares-secures-option-to-buy-valkyries-etf-unit/?utm_source=tldrcrypto
[19] https://twitter.com/plutus_nft
[20] https://actions.tldrnewsletter.com/unsubscribe?ep=1&l=514b3efb-6f16-11ec-96e5-06b4694bee2a&lc=8d666b14-57b3-11ee-af17-61de3cd44759&p=4ef713c8-850e-11ee-a95e-ef609aa0b45d&pt=campaign&pv=4&spa=1700226017&t=1700226865&s=07ec598fbdd3fd90159f467ad059f7e5b289347fd8d7a439be70af8a026d973b

Email Information

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Subject Line: Ether ETF Application Official 📨, Tether Getting Into Mining ⚒️, What are L3s? ⛓️
From: TLDR Crypto <dan@tldrnewsletter.com>
Emails: TLDR Emails
Send Date: November 17, 2023 08:14 AM
Coupons: TLDR Coupons
Industry: Computers Electronics And Technology Programming And Developer Software
Tags: Announcement