Happy Saturday my good frogs!
Data/alerts/new protocols/etc at top and news/articles/etc at bottom as always!
Market Update
Overall crypto market cap: +0.2% to $0.904T
$BTC: +0.1% to $19,269.82
$ETH: -0.3% to $1,048.97
For tradfi:
S&P 500: +1.03%
Dow Jones: +0.98%
Nasdaq 100: +0.66%
Gold: $1,812.00
Oil (WTI): $108.30
Biggest Price Movers
(From @coingecko top 500)
Up:
-TerraClassicUSD $USTC +47.4%
-MaidSafeCoin $EMAID +30.6%
-Everipedia $IQ +22.3%
Down:
-Titanswap $TITAN -23.2%
-Chrono.tech $TIME -21.1%
-Moonriver $MOVR -20.1%
Biggest TVL Movers
Chains are mostly red on the day. Interestingly only 7 chains now have at least $1B TVL. Winners on the weekly include Songbird at +59.82% and $26.44M TVL, and Sora at +36.39% and $7.07M TVL. Luna Classic and Luna V2 were also up considerably, though its unclear what variables are involved in catalyzing that.
Protocols were mixed. There are currently 15 protocols with at least $1B TVL. Biggest gainer on weekly among top 100 is Sablier Finance, an Ethereum payments/payroll protocol, at +17.97% and $81.38M TVL.
Here’s The Top 12 Chains By Weekly TVL Growth (from @defillama):
Here’s The Top 12 Protocols By Weekly TVL Growth (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 new lending protocol on Cardano called Lending Pond @lendingpond_ada has been added to @defillama. Twitter bio states: “Borrow/lend using your Cardano NFTs and tokens as collateral.” TVL currently at $0.3M.
-A new protocol on KuCoin Community Chain has been added to @defillama. Name is @TorchesFinance. Twitter bio states it is a “a non-custodial liquidity protocol” and it is labeled as a Compound-fork by @defillama. TVL currently at $0.2M.
-A new Avalanche dex/yield farm called @hunnyswap has been added to @defillama. Currently at $0.5M TVL.
-Watertiger Finance @watertigerf is in process of launching/getting ready to launch. It is a yield farming protocol on NULS.
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released warnings related to the Discords of @TushiPals and @HydroWhalesClub.
-@CertiKAlert just released an important alert less than an hour ago re: Go-Opera and Fantom validator wallets:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @defillama ($1M+ TVL and no-IL and single-exposure only - please ignore the Bancor ones) and @stable_fish)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Voyager has halted all withdrawals:
-3AC has filed for bankruptcy:
-Bitcoin miners sold an amount equaling more than 100% of their output last month:
-The Atlanta Fed is projecting -2.1% GDP growth occurred in Q2. If this proves accurate in the official numbers later this month then the US will be in an actual, official recession (two straight quarters of negative GDP growth), prompting discussion of how this will affect Powell’s actions regarding continued rate hikes:
-Famous defi whitehat @samczsun posted a cryptic sha256 hash on Twitter today (tweet + explanation of what this is below), prompting speculation that it may suggest further contagion/big events on the horizon:
-Rumors and discussion predominated on Twitter today about whether Kucoin might soon be halting withdrawals. Here’s a response from one of the leaders of Kucoin:
-The majority of top 100 holders who have taken action since the Convex unlock this week have re-locked, according to an excellent thread from @DefiShaka:
-JPMorgan is predicting oil could reach $380 per barrel under their ‘worst case scenario’:
Conclusion
See you tomorrow friends!
Also huge appreciation for all the retweets/follows/subscribes/etc!