Happy Thursday gents! The “hated bear market rally” continues! Will we drop back down soon or go higher?
Stats/alerts/etc at top and news/events/links at bottom as always!
Market Update
Overall crypto market cap: +4.7% to $1.23T.
$BTC: +3.6% to $24,815.58, and a market cap of $474.4B.
$ETH: +5.8% to $1,920.87, and a market cap of $230.8B.
Gold: $1,806.20
Oil (WTI): $92.69
Stocks:
More Crypto:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Cache Gold $CGT +1,031.4%
-Manifold Finance $FOLD +67.3%
-iExec RLC $RLC +55.6%
Down:
-Green Satoshi Token On Eth $GST-ETH -11.9%
-apM Coin $APM -10.8%
-Ferro $FER -9.9%
Biggest TVL Movers
Top 25 chains are all green on the daily except Avalanche, which is down 3%. Optimism (#8) is now just a few percentage points of TVL away from overtaking Cronos (#7).
Protocols are extremely green today. Lido (#2), Aave (#3), and Instadapp (#10) are all up more than 16% on the weekly.
Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly (from @defillama):
Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly (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)
-A new protocol called @foil_labs building towards launch. Appears to be a stableswap/dex on Aptos.
-A new protocol called @Starfish_Fi is doing its IDO. Twitter bio states “Building the DeFi x NFT-Fi headquarters in the Polkadot ecosystem”.
-A new insurance protocol called @FairsideNetwork is building towards a launch.
-New project called @BhavishFinance. Twitter bio states “Protocol on Prediction Markets Powered by @0xPolygon… Bet on Crypto, Stocks & Commodities”.
-New defi protocol launching on @zksync testnet, called @1kxprotocol:
-New protocol called @PrismDefi:
-Something called @Coredao_Org is launching. It is “the official decentralized org developing the Satoshi Plus ecosystem. We are building web3 infrastructure & promoting public chains on Bitcoin’s PoW.”
-An oracle/infrastructure(?) network called @razor_network is launching soon (if we’re reading everything correctly):
-Launch of new protocol called @ExpressProtocol:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding rugpulls on $BTNTY and @TradingProtocol, flash-crashes on $HIDOGE and @Sektor_sektor and $WF, and a Discord hack of @MogulOfficial_.
-@PeckShieldAlert issued an alert regarding a flash-crash on $FIFA.
-@Hotbit_News is suspending all user withdrawals:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ tvl and no-IL and single-exposure 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)
-Goerli testnet has been successfully merged:
-More institutional adoption:
-Visual representation in ETH gas consumption by entity type over time:
-Stablecoin dominance going down:
-Stocks keep bouncing higher:
-Great thread from @SalomonCrypto on Chainlink:
-Energy crisis continues in Europe:
-Several threads on Umami Finance came out today. Here’s one from top-ranked Debank whale @bizyugo:
-@TaikiMaeda2 just released a new video on Arbitrum, Optimism, and a variety of other defi-oriented topics:
@dcfgod and @SmallCapScience released a new episode of their Market Capping podcast, going over a variety of ongoing defi developments and potential alpha:
Conclusion
Get after it frogs!
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