Top crypto stories of week 30, 2024
Mon 22 to Sun 28 July 2024
The 20 top stories on Kiwi News from Mon 22 to Sun 28 July 2024, ranked by upvotes, comments and clicks, with 28 comments in total. Most-shared sources: x.com, paragraph.xyz.
Text under a title is an AI summary of the linked article.
- Kiwi shares revenue with their users (paragraph.xyz)
Kiwi, a link-sharing app, now pays its most active users in ETH from revenue generated when people mint a Kiwi Pass. Each Kiwi Pass currently costs 0.0319 ETH ($10.06), of which 0.002 ETH goes to the Kiwi treasury and the rest is split among the top 10 users by weekly karma score. Karma comes from submitting links (1 point each) and receiving upvotes (1 point per upvote), and the split counts only weekly scores. Kiwi says it has paid out five times since the program began on July 24, distributing 0.00378 ETH in total.
- How to share your products on Kiwi (app.t2.world)
Kiwi is a decentralized alternative to HackerNews for crypto tech, products and culture, and this guide explains how founders can share their products there. It describes three approaches: sharing a link when a product needs no explanation, sharing a blog post when the technology or non-obvious problem needs context, and sharing a story about the building journey when that story is interesting or clarifies the product. The article says Kiwi has around 1,500 monthly readers, mostly crypto natives, and that HackerNews is unwelcoming to web3 products. Submitters must buy a Kiwi Pass, submit with their primary wallet tied to their ENS or Lens handle, and respond to community comments.
- Polymarket, or how I learnt to love drama (excelmaxi.substack.com)
Prediction markets, led by Polymarket, are argued to be becoming a mainstream part of politics and entertainment, driven by political polarization and short-form media. Polymarket's monthly volume hit an all-time high of $151m as of July 2024, up $6m from the same time last year, and its monthly active users reached 25k, up from 1k in July 2023. Open interest on the Biden versus Trump presidential election market exceeded $283m, and prediction markets are described as the closest source of truth, though risks such as insider trading and disputed resolutions are noted.
- Web3 media platform Blockbeats integrates the Farcaster protocol. (theblockbeats.info)
- Introducing Proton Wallet – a safer way to hold Bitcoin | Proton (proton.me)
Proton has launched Proton Wallet, a self-custodial Bitcoin wallet with early access limited to Proton Visionary and Lifetime users and their invites, plus a waiting list. The company says the wallet uses end-to-end encryption so Proton never has access to users' Bitcoin, and each wallet's recovery seed phrase is known only to the user. Sending Bitcoin works like email when both parties have a Proton Wallet, and the wallet offers integrations for buying Bitcoin in 150+ countries. Proton Wallet is operated by Proton Financial AG, a Swiss subsidiary of Proton AG.
- Where J.D. Vance Gets His Weird, Terrifying Techno-Authoritarian Ideas (newrepublic.com)
Curtis Yarvin's influence on J.D. Vance is the article's central claim, which argues that Vance's authoritarian ideas, shaped by Yarvin and by his ties to Peter Thiel, could shape a Trump administration if Trump wins. The article notes that in 2021 Vance called for a "de-Baathification program" against the left and said Trump should fire every midlevel bureaucrat and defy court orders halting the purge. It links Yarvin's "RAGE" plan (Retire All Government Employees) to Project 2025, which calls for firing an estimated 500,000 federal employees. It also says Thiel spent $15 million on Vance's 2022 Senate campaign.
- SEC officially approves spot Ethereum ETF trading for tomorrow. (x.com)
- ZORA · Sparks (zora.co)
- 30 celebrity coins launched on Solana last month. Here’s where they are now. (x.com)
- Economics of L3s (syndicate.io)
- DevConflict: Credibly neutral forum to settle the spiciest debates in blockchain (devconflict.com)
DevConflict is a credibly neutral forum for debating contested blockchain questions, and its lineup pairs speakers on opposing sides. Vitalik Buterin and Martin Köppelmann are set to debate whether Gnosis should become an L2, and Felix Leupold and Tomasz K. Stańczak are set to debate whether MEV should be tackled at the application layer or protocol level. Other pairings include Toni Wahrstätter versus Nick Dodson, Remco Bloemen versus Vadim Koleoshkin, and Andreas Tsamados versus Michelle (Mosh) Lee. DappCon 2025 in Berlin is named as the next event.
- The New Internet (tailscale.com)
Tailscale's leadership argues that modern software development is buried in unnecessary complexity, and that the Internet's design is a root cause that Tailscale is trying to replace with a "New Internet" at OSI layer 3. The article says most software does not need to scale, yet developers are trained to plan for scale, which adds slow builds, deploys and overhead. It also argues that cloud providers charge rent because individual computers sit behind firewalls, NAT and dynamic IP addresses, making self-hosting hard. The article is cut off before its conclusion.
- Host a "Vitalik: An Ethereum Story" premiere in your city (paragraph.xyz)
Ethereum Film is inviting hosts outside the U.S., Canada, UK and Australia to hold simultaneous community or corporate screenings of "Vitalik: An Ethereum Story" on September 18th. Hosts must secure a venue, pay a $200 "print control" fee and a film buyout fee ($500 for community screenings, $3,000 for corporate), and promote the event. Films are delivered through Gathr's encrypted movie player, and RSVPs are collected on Gathr's platform. A ticketed option lets hosts keep 100% of ticket sales, using Gathr's "Events on Demand" tool so the event proceeds only once enough tickets are sold.
- ETH is 10 years old today! (x.com)
The article marks the tenth anniversary of Ether (ETH), whose ICO began July 22, 2014, when ETH was sold at 2,000 ETH per 1 BTC without VCs or vesting. It states that 1 BTC now buys less than 20 ETH, and that few assets have outperformed BTC over 10 years, with fewer doing so by 100x. The author cites 4.3M ETH burned for gas since EIP-1559, staking that provides $100B of economic security (10x Bitcoin's), and US spot ETH ETFs starting to trade the following day.
- Crypto Data Scale Problems (substack.com)
The author argues that crypto data is hard to use at scale, even though it is public: smart contracts act as separate schemas that each need to be understood individually, and fragmentation across new L2s and virtual machines multiplies that work. Because global questions, such as how much a user relies on bridges, require mapping every bridge and its contracts before any unified model can be built, the author says the ecosystem often lacks a clear picture of real activity, with inflated user counts and hard-to-detect sybils making on-chain metrics unreliable.
- Aave fee switch proposal (governance.aave.com)
The ACI submits a temp check seeking governance feedback on a multi-step roadmap for a protocol fee switch, defined as updated AAVEnomics, that would redistribute net excess revenue to key ecosystem actors. The proposal would segregate StkGHO coverage so it protects only GHO debt, stating that the current $424M Safety Module cannot effectively clear $424M of excess debt because of slippage and peg risk. It also proposes removing AAVE from the Umbrella update, ending the seize-and-sell approach, having the Aave Liquidity Committee manage AAVE secondary liquidity, and replacing the GHO borrow rate discount with a new anti-GHO token.
- InsiderBets – Latest Polymarket big YOLO trades (insiderbets.lol)
- SearchGPT Prototype (openai.com)
OpenAI has launched a SearchGPT prototype built with publishers, along with a new way for publishers to manage how they appear in SearchGPT. The company says SearchGPT is about search and is separate from training its generative AI foundation models, so sites can appear in search results even if they opt out of generative AI training. Publishers and creators have said they want to understand how to engage with AI search products and how their content performs, and OpenAI says it will use the prototype to learn more and share findings. Feedback can be sent to publishers-feedback@openai.com.
- Launch @cast2save：A @warpcast native notion integration bot (warpcast.com)
Cast2save has launched as a Warpcast-native bot that saves Farcaster casts to a user's Notion workspace. To use it, a user follows @cast2save, connects their Notion account, and casts under a favorite cast, after which that cast is saved to Notion automatically. The announcement says the bot is meant to act as a personal curator for the Farcaster ecosystem and thanks beta testers for their feedback. More information is available at cast2save.com.
- Google Is the Only Search Engine That Works on Reddit Now Thanks to AI Deal (404media.co)
Google is now the only search engine that can surface Reddit results, after Reddit restricted crawling by other search engines. According to the article, search engines such as Bing, DuckDuckGo, Mojeek and Qwant show no results from the last week when searching "site:reddit.com," though older results still appear. The article says the change comes after Reddit locked down its site to stop scraping for AI training data, a practice only Google can currently do under a multi-million dollar deal. Colin Hayhurst, CEO of the search engine Mojeek, said Reddit is "killing everything for search but Google."