Greetings friends! Another crazy day in crypto :)
Data/alerts/new protocols/etc at top and news/articles/etc at bottom as always!
Market Update
Overall crypto market cap: +1.4% to $0.960T
$BTC: +1.2% to $20,432.82 and a market cap of $389.9B.
$ETH: +4.3% to $1,186.56 and a market cap of $141.9B.
For tradfi:
S&P 500: +0.36%
Dow Jones: +0.22%
Nasdaq 100: +0.64%
Gold: $1,744.43
Oil (WTI): $99.62
Biggest Price Movers
(From @coingecko top 500)
Up:
-Wrapped NXM $WNXM +49.1%
-REI Network $REI +35.1%
-Cult DAO $CULT +34.2%
Down:
-AIOZ Network $AIOZ -19.3%
-AscendEx $ASD -12.6%
-Plex $PLEX -10.7%
Biggest TVL Movers
Chains are mostly green on the day. Tron is actually on track to overtake BSC for the #2 spot by TVL if it keeps growing at the same pace it has been relative to BSC. Arbitrum is down 49% on the monthly. Acala is now in spot #18 with $286M TVL. A smaller chain named Karura is up 72% on the monthly at $26M TVL.
The top protocols are looking quite decent on the weekly. Multichain appears to have been added or have its TVL measurement parameters changed, as it has appeared in the top 12 suddenly with $1.9B TVL, displacing Arrakis Finance. A bridge called JustCrypto is up over 64% on the weekly, with $1.2B, in spot #16. Yearn and Sushiswap continue to struggle, both being down over 50% on the monthly.
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 new dex on Avalanche is being launched by @VenomousFinance, who previously launched a Tomb Fork, as per @ApeOClock.
-Algorand “DeFi Hub” @algofiorg is launching a token in the coming weeks. (via general Twitter research)
-Stumbled across a newish NFT platform/tokenized SaaS(?) being built, that’s followed by a number of mutuals, so might be worth looking at, name is @AlphaShares. (via general Twitter research)
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@certiKAlert released hacking alerts re: Discord of @Universe_BNB, and an exploit on ProjectX $PXT, and a rug or exploit on $KLB, and a rug or exploit on Shade Inu, and announced that after an investigation they found evidence suggesting an exit scam by Zoro Inu.
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)
-Celsius has apparently finished paying off its MakerDAO loan and removed its (large amount of) $BTC, which some are worried is about to hit the market and cause a price drop. @DeFiyst is tracking their wallet activity and giving continued updates:
-More problems in Germany:
-@TheBlock_ published an article suggesting the Axie Infinity hack was a North Korean 'job applicant’ oriented scam/hack:
-Voyager’s bankruptcy docs apparently show a $377M loan to Alameda (of Sam Bankman-Fried fame), which has engendered much discussion on Twitter, though it is unclear what the significance of this is due to the rather Byzantine nature of such accounting:
-@laurashin and @tarunchitra and @hasufl discussed the role of $stETH in recent market chaos on the Unchained Podcast:
-Investors are taking Bitcoin off exchanges in unprecedented numbers:
Conclusion
Have a good Thursday fellow degens!
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