Greetings friends! Looks as though the Inflation Print sent us back to Goblintown!
Some interest stuff going on… data/alerts/etc at top and news/articles/videos at bottom as always!
Market Update
Overall crypto market cap: -6.1% to $1.21T
$BTC: -3.5% to $28,593
$ETH: -9.9% to $1,558
For tradfi:
S&P 500: -2.73%
Dow Jones: -2.91%
Nasdaq 100: -3.52%
Gold: $1,870.93
Oil (WITI): $121.80
Biggest Price Movers
(From @coingecko top 500)
Up:
-MrWeb Finance $AMA +35.2%
-Steem Dollars $SBD +18.2%
-Orion Protocol $OFN +13.2%
Down:
-Celsius $CEL -41.4%
-Everdome $DOME -30.4%
-Polkastarter $POLS -21.7%
Biggest TVL Movers
Among top 30 chains on the weekly the three worst performers for TVL are Near, Elrond, and Celo, though everything looks pretty equally bad.
Among microcap chains, something called Ontology EVM that seems to be based around web3 domain names(?) is a green standout at $1.5M TVL, as as previously-mentioned Songbird, which is also growing rapidly and currently at $25.3M TVL.
Top 12 Chains By TVL (from @defillama):
Top 12 Protocols By TVL (from @defillama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
Other stats
(from @8blocksdaily)
New Protocols/Yield Farms
(note: this is checked via a variety of sources (listed below when used) and general Twitter research - note: this excludes Tomb forks and reflection tokens and tries to only include at least semi-legitimate defi-oriented stuff, but DYOR)
-Ton of Tomb Forks launching on various chains (see @ApeOClock on Twitter if interested) but no other new protocols we can find.
-@AuraFinance is one we previously highlighted, but its LBP launched today so wanted to mention it again. Here is a thread on it from @0xMaki of Sushiswap fame:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@PeckshieldAlert released no new exploit/phishing/rugpull alerts today, but did tweet about the Wintermute/Optimism exploiter returning most of the funsd to Optimism:
-$stETH depeg is still generating extensive discussion on Twitter. Still only a few percentage points depegged though.
Top Stablecoin Yields
Top Stablecoin Yields sourced from @defillama ($1M+ TVL-only). Note: We only included non-IL ones today so mix it up:
And @stable_fish - note: the top 10 or so are the same as yesterday, so here’s the next batch down when sorted by apy:
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-A record inflation print + continued macroeconomic deterioration is affecting market prices and sentiments:
-But adoption continues:
-In tradfi land, gold appears to have lost its correlation to bond yields:
-Bridging to Near will now be available via @MultichainOrg, and there is discussion on Twitter that Near has become the first non-EVM chain to integrate with Metamask (dyor on that though):
-@NickDrakon released an extremely detailed video on the $DEI stablecoin depeg status and the efforts of the Deus team to repeg it:
-@ChainlinkGod released a very in-depth thread on the mechanics of $stETH, for those wishing to understand the current depeg issue and implications better:
Conclusion
That is everything for today friends! Have a good Saturday!
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