Happy Wednesday gents! CPI print just came in at 8.5%, below expected of 8.7% (more about that in news/events/etc section at bottom!).
Market Update
Overall crypto market cap: +0.8% to $1.15T.
$BTC: +2.1% to $23,730.67, and a market cap of $453.7B.
$ETH: +4.6% to $1,780.50, and a market cap of $213.4B.
Gold: $1,805.90
Oil (WTI): $88.86
Stocks:
More Crypto (pre-CPI print though):
Biggest Price Movers
(From @coingecko top 500)
Up:
-bZx Protocol $BZRX +66.7%
-Hifi Finance $MFT +50.8%
-TracerDAO $TCR +32.1%
Down:
-BoringDAO [OLD] $BOR -42.1%
-Sportium $SPRT -21.4%
-Green Satoshi Token On Eth $GST-ETH -18.4%
Biggest TVL Movers
Top 25 chains are all red on the daily, except Optimism (#8). Acala is up 15% on the weekly and has moved into spot #16. Waves is down 13% on the weekly and has slipped to spot #17. Algorand (#19) is up 18% on the weekly.
For protocols, the daily is pretty flat. Top gainers on the weekly among top 50 protocols are Aave (#3) at +9%, Benqi (#29) at +13%, and PinkSale (#46) at +9%.
Here’s The Top 12 Chains By TVL (from @defillama):
Here’s The Top 12 Protocols By TVL (from @defillama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
New Protocols
(note: this is checked via a variety of sources (listed below when used) and general Twitter research - note: this excludes Tomb forks and reflection tokens and tries to only include at least semi-legitimate defi-oriented stuff, but DYOR)
-Previously-mentioned new Astar lending protocol @SiO2_Finance has been added to @defillama.
-A newish yield aggregator protocol called @MagikDotFinance has been added by @debankdefi.
-A new “on-chain Pinterest”-type protocol on Avalanche called @curate_dao has launched:
-Another new Avalanche protocol (at least judging by the red triangle in their bio) is launching, called @VinciProtocol:
-@SiloFinance has launched on Eth Mainnet:
-A new protocol called @spicetradeai (on Polygon it looks like?) has been added by @debankdefi. Twitter bio states “Your favorite value stable protocol”, however they also have the following tweet pinned:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding an exit scam on $TRUSD, rugpulls on $AMO and $SRT and @farcaster_xyz, a flash-crash on $VENUS, and Discord hacks of @OtakuClubNFT and @ArticlesLtd.
-@PeckShieldAlert issued an alert regarding a rugpull on $BLR.
-Hackers compromised part of @curvefinance’s frontend/DNS and earned approximately $570,000 before the issue was fixed:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($250K+ tvl only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The CPI print came in minutes ago at 8.5%:
-Circle CEO @jerallaire released a thread in response to the Tornado Cash pronouncement yesterday and Circle’s blacklisting of on-chain $USDC in response to it:
-440 prominent addresses have had funds sent to them via Tornado Cash, presumably as a form of trolling/activism/awareness-spreading:
-Circle $USDC also confirmed that they will only be supporting the main Ethereum POS chain post-merge:
-Arbitrum news:
-On a related subject, @blocksmithtech released an excellent thread on the possibility of an ‘Arbitrum Rotation’ and how to take advantage of it:
-And @curvecap released an extremely well-written article on the Tornado Cash news and its implications/significance:
Conclusion
See you tomorrow frens!
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