The Daily Degen- June 15th, 2024

All of today's news/data/alerts...

Jun 15, 2024

Happy Saturday friends! It is the Ides of June and we have been seeing some red price action - let’s dive in!

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):

Gold: $2348.40

Oil (WTI): $78.45

US 10Y Treasury: 4.221%

Biggest Price Movers

(From @coingecko top 1000, by 24 hour change)

Spotlight

Our friends at @silentdao_ keep working diligently behind the scenes to develop a truly revolutionary solution to the issue of on-chain privacy…

In this regard, Silent is essentially meant to be a middleware privacy/encryption project designed to facilitate composable privacy solutions within the EVM itself...

Our editor @rektdiomedes has been helping bang the drum about what the @silentdao_ team have been building, so make sure to follow them on Twitter for more updates.

They also just published a very important article, so make sure to check it out here or via the link in the tweet below!

Biggest TVL Movers + Else

Chains are mixed today. Top 30 chains up at least 2% on the daily include Bitcoin (#9), Optimism (#12), Thorchain (#21), Bitlayer (#23), and Gnosis (#24).

Protocols are mixed today as well. Top 100 protocols up at least 2% on the daily include Blast yield protocol Hyperlock Finance (#59), multichain lending protocol Avalon Finance (#69), TON dex DeDust (#73), and Mode lending protocol Ionic Protocol (#92).

Here’s The Top 12 Fastest-Growing Chains By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):

Here’s The Top 12 Fastest-Growing Protocols By TVL On The Weekly With At Least $20M TVL (from @DefiLlama):

Here’s The Top 12 Chains By 7 Day Stablecoin Inflow % (from @DefiLlama):

Here’s The Top 12 Dex’s By 7 Day Volume (from @DefiLlama):

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Top Trending Tokens:

(from @dexscreener - 24 hour timeframe)

New Projects

(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)

-New project called @rodeodotclub. Twitter bio states “this ain't our first rodeo — a new app by @foundation .” Followed by 4 of our mutuals. h/t @AresLabs_xyz:

-New project called @basedevo. Twitter bio states “Welcome to the based evolution 🌐”. Followed by 2 of our mutuals. h/t @AresLabs_xyz:

-Something new called @myapollo_id. Twitter bio states “Your digital passport & wallet to your favorite venues & events.” Followed by 8 of our mutuals. h/t @AresLabs_xyz:

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($10M+ TVL, single-exposure, and no-IL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)

Security Alerts

-No security alerts today.

Important News And Analysis

(key news, twitter threads, articles, videos, etc from last 24 hours)

-Evolving story from the Fintech/banking sector is generating lots of attention, h/t @nic__carter:

-Speculation ETH ETF’s could go live by July 2nd, h/t @EricBalchunas:

-Interesting data on current drawdowns on a number of high-profile alts, h/t @thedefivillain:

-Interesting new Forbes article estimates that CZ is currently the 24th richest person on earth, h/t @laurashin:

-What feels like an increasingly rare bull case amidst the recent poor price action, from @LDNCryptoClub:

-NVDA and AAPL combined are now worth more than the entire S&P 500 was during 20009 lows, h/t @zerohedge:

-Good thread/tutorial on maximizing farming for the Scroll airdrop, h/t @katexbt:

-Some more random airdrop alfa, h/t @73lV_:

-Additional headlines c/o @Cprinze_:

-Very interesting thread from @balajis about taxes and tariffs, following Trump’s recent comments about eliminating income tax and replacing it with substantial import tariffs:

-First-ever episode of new crypto podcast featuring @crypthoem, @schizoxbt, @CryptMoose, and @Stoiiic:

-New episode of @0xSteadyLads featuring @GwartyGwart:

-New episode of @thebellcurvepod featuring @pythianism, @im_manderson, and @MikeIppolito_ discussing the current crypto + macro landscape:

-New weekly roll-up from @BanklessHQ with @sassal0x filling in for @RyanSAdams:

-New interview with macro gigabrain @WarrenPies from @TaylorMadeMacro:

-Parting sentiments c/o @DreadBong0:

Conclusion

Happy Saturday friends and don’t forget to touch some grass this weekend :)

And please RT/subscribe/etc if you found this valuable!

Note

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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly 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.