TLDR Crypto 2024-09-20

There's a new way to increase the amount of Bitcoin you hold…

On September 23, EverValue is introducing the EVA token, a new Bitcoin-backed cryptocurrency that allows investors to grow their Bitcoin holdings over time. Unlike other projects that require staking or locking tokens, EVA stays in the investor's wallet, with appreciation happening passively.

The EVA token is secured by the Burn Vault , a smart contract audited by Hacken. It's designed to be whale-proof and to appreciate against Bitcoin. The increase in value comes from the continuous addition of Bitcoin from EverValue's mining operations, while the token supply is capped at 21 million and can only decrease through token burns.

The tokens will never be worth less than the Burn Price, which is calculated by dividing the amount of Bitcoin in the Burn Vault by the total supply. Since the supply decreases and the Bitcoin backing increases, the Burn Price is mathematically guaranteed to rise.

Join the presale ↗️

Standard Chartered's Geoff Kendrick is expecting a sustained rally for Bitcoin and other digital assets since the Fed Reserve's rate cut, attributing the expected growth more to favorable macroeconomic conditions than to the outcome of the U.S. presidential election.

The lawsuit from blockchain infrastructure company Consensys against the SEC has been dismissed. It was filed in April, with Consensys accusing the SEC of opening an investigation into Ethereum and issuing Consensys a Wells' Notice over MetaMask's Swap feature. The SEC's investigation into Ethereum was dismissed as moot - the SEC previously announced this summer it had dropped any investigation into the asset.

The next version of the Solana phone, the Solana Seeker, has been announced. It improves upon the previous model with a better camera, longer battery, cheaper price, and secure Seed Vault for private keys. The phone comes with a soulbound token offering benefits like free Helium internet access for four months and has integrations with AI agents. It costs $450 and is available for preorders.

Hyperlane has expanded to the Solana and Eclipse blockchains, improving cross-VM interoperability within the Solana Virtual Machine ecosystem. This includes live routes for token transfers between Solana, Eclipse, and Ethereum, positioning Hyperlane to facilitate the growth of multi-chain applications.

Just like how each stablecoin has unique characteristics based on its issuer, credit cards use dollars that are almost identical, but are different based on their network and issuing bank. Stablecoin payment flows will likely involve an orchestration service that transfers buyers' stablecoins to sellers' preferred assets, providing significant benefits in cross-border transactions thanks to lower fees and instant settlement.

This post shares advice on landing a crypto job through building a personal portfolio around your interests — whether it's creating tools, analytics dashboards, or an online presence — and being proactive about seeking opportunities. It emphasizes the importance of networking, showcasing your skills publicly, and maintaining a good reputation while offering resources and tips for both technical and non-technical roles in the crypto space.

Symbiotic introduces a modular approach to achieving fast finality in blockchains, which can accelerate cross-chain communication and shared sequencing. It uses operator commitments from restaking alongside fraud proofs to enhance trust. As a modular solution, it can be integrated with various chains without modifications, offering improved speed and reliability for interchain transactions. Other potential modules could support MEV and censorship-resistance.

This post details an investigation into two individuals, Box (Jeandiel Serrano) and Greavys (Malone Iam), who allegedly stole millions and used the funds for luxury lifestyles, including purchasing cars and designer goods. With the help of Binance and other investigators, over $9M was frozen and both suspects were arrested, with further developments expected as the legal case unfolds.

The conversation around chain abstraction focuses too much on a speculative future without addressing current user preferences, which gravitate strongly towards certain chains and apps.

This post highlights nine projects in various categories, including chains, gaming platforms, DeFi protocols, and memecoins.

Despite Vitalik Buterin's support, Account Abstraction (AA) has seen minimal real-world adoption because of unfavorable cost-benefit ratios for developers and users (e.g., higher network costs and complex user onboarding).

After detecting unauthorized wallet transfers amongst Banana Gun users, the developers deactivated the bot front-end and initiated a security review.