Happy Wednesday good degens! Some nice price action we are seeing!
Let’s dive in!
As always… stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Total Crypto Market Cap: $3.59T
QQQ (Nasdaq 100): $534.54
Gold: $3,329.89
Oil (WTI): $66.52
US 10Y Treasury: 4.43%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
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It is called the ‘Upshift Yield Committee’…
It is a new initiative that will allow yield enthusiasts to earn Upshift Points via posting analysis and education on Twitter!
All the details are in this thread, but it is a very cool opportunity you should look at if you are interested in providing valuable educational content related to yield-maxxing, Upshift, etc - and would like to earn Upshift Points and other benefits!
Make sure to learn more in the tweet below, follow Upshift on Twitter for more updates, and visit their site to access all the exquisite yields they have available!
AND! Make sure to check out co-founder @aya_kantor’s new interview with @DeFi_Dad and @Nomaticcap embedded below that!
Biggest TVL Movers + Other Interesting Data
Chains are quite green today. Only top 25 chains red on all three timelines (daily, weekly, monthly) are Berachain (#13), Sonic (#14), and Core (#21).
Protocols are quite green as well. Only top 50 protocols red on all three timelines (daily, weekly, monthly) are Jito (#16), Lombard Finance (#21), and Avalon Labs (#36).
Here’s The Top 12 Best-Performing Chains By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top 12 Best-Performing Protocols By TVL On The Weekly With At Least $100M TVL: (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Token-Holders’ Revenue (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day and going through newly launched protocols added by @DefiLlama, limited primarily to new projects that have at least some TVL or are followed by at least some of our mutuals… Disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @DescipherFund. Twitter bio states “Swarm of DeSci Agents and Decentralized DeSci Funding”. Followed by 12 of our mutuals. h/t @twindoges (make sure to give him a follow!):
-New project called @yapmonad. Twitter bio states “Yap, yap, yap about Monad!” Followed by 9 of our mutuals. h/t @twindoges:
-New project (appears to be on HyperEVM) called @tinytrade_io. Twitter bio states “In stealth. Waitlist coming soon.” Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @gliquidx has been added to @DefiLlama, categorized as a dex on Hyperliquid L1. Twitter bio states “Next-Gen V4 AMM unlocking hyper-efficient liquidity on @HyperliquidX Powered by @CryptoAlgebra”. Followed by 2 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $25M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Stripe acquiring Privy is the big story of the day, h/t @0x_ultra and @0xngmi:
-CPI (inflation) numbers came in reasonably cold today, h/t @WarrenPies:
-Amidst reports that Trump might nominate Jerome Powell’s replacement soon- despite Powell having almost a year left on his term as Federal Reserve Chairman- rumors are circulating that current Treasury Secretary Scott Bessent could be Trump’s choice:
-Is that Trump/China/tariffs stuff coming to an end? h/t @DegenerateNews:
-A lot of Yappers seem to have done well with $HOME/@defidotapp Kaito airdrop, h/t @DidiTrading:
-Interesting update on total Kaito earnings from @Picolas_Caged:
-@Mira_Network is the latest Yapperboard to go live, h/t @KaitoAI:
-Sonic airdrop Season Two starts June 18th, h/t @crypthoem:
-$AAVE bull case from @hmalviya9:
-$KMNO bull case from @EffortCapital:
-@cobie shared a bit of info on his holdings and some bullish thoughts on future $HYPE-price:
-New Laura Shin interview with Jeff Park @dgt10011:
-New @coinbureau video about the Bitcoin 2025 conference in Las Vegas a couple weeks ago:
-New crypto/macro livestream from @noahseidman (airing live as we publish this):
-“Crypto is still tiny compared to what it's going to be in 20 years.” - parting wisdom from @hosseeb:
Conclusion
Have a great Wednesday friends and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
The AI x Crypto meta has been quiet of late but a tons of building is taking place beneath the surface, and @Cod3xOrg is at the heart of it!
Want to learn more?
-Check out the @Cod3xOrg account on Twitter!
-Check out this cool new Arbitrum DeFAI competition that Cod3x is a part of!
-And follow Cod3x-founder @0xBebis_ on Twitter and watch the new video from him in the tweet below!
And stay tuned as we keep shining a light on everything Cod3x is doing!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Sponsor are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.