Happy Fed-day fellow degens! Time to see what Powell will unleash next :)
Data/alerts/new protocols/etc at top and news/articles/etc at bottom as always!
Market Update
Overall crypto market cap: +1.3% to $1.02T.
$BTC: +1.5% to $21,317.46 and a market cap of $407.3B.
$ETH: +6.0% to $1,471.09, and a market cap of $175.3B.
Tradfi:
Dow: -0.71%
S&P 500: -1.15%
Nasdaq: -1.87%
Gold: $1,725.35
Oil (WTI): $96.01
More Crytpo Stats:
Biggest Price Movers
(From @coingecko top 500)
Up:
-Radicle $RAD +65.1%
-BoringDAO [OLD] $BOR +49.7%
-RSK Infrastructure Framework $RIF +47.4%
Down:
-Xido Finance $XIDO -16.9%
-Marlin $POND -13.4%
-Maple $MPL -10.6%
Biggest TVL Movers
Chains are mixed today. DefiLlama is showing a huge 56% jump on the daily for Polygon, though it is unclear if this is a reporting issue.
For protocols, Uniswap (#2) is up 21% on the daily. Velodrome (#94) is up 12.8% on the daily.
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/Yield Farms
(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 newish US real estate (mortgage) backed “stablecoin” protocol called @homecoinfinance has been added to @defillama. Only $8,000 TVL though so perhaps just a creative idea at this point.
-A new Hedera AMM called @bubbleswapio has been added to @defillama, though again, no TVL being reported.
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert issued alerts regarding Discord hacks of @taketadojo and @TheAmericans_US and @IDNTTS, flash-crashes and/or rugpulls on Larp Finance $LARP and $SGMT, and a general alert regarding a project called “CyberChain”.
-@PeckShieldAlert released an alert regarding rugpulls on @neotericfinance and @SuperStepO.
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)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Fed interest rate announcement today:
-Powell’s preferred yield curve indicator now flashing recession:
-It appears Uniswap is actively considering switching on the “fee switch”, or at least experimenting with doing so on several pools. Here’s a good thread on this from a couple days ago from @bizyugo:
-Harmony is proposing rectifying losses from the bridge hack it sufferred by forking its chain and minting new $ONE tokens:
-US home prices declining:
-Europe’s energy problems continuing:
-@blocmatesdotcom did an excellent interview with The Calculator Guy @phtevenstrong:
Conclusion
See you tomorrow frens - will be interesting to see how the Fed’s interest rate decision affects markets!
And please follow/subscribe/retweet/etc if you found this helpful - we appreciate it tremendously! :)
Spotlight:
We’re partnering with our friends at @Cre8rDao to provide some good info on Radiant Capital. Here’s a thread on them from the @rektdiomedes account (as always DYOR though):