Happy Friday lads and ladettes! Another busy day for the crypto markets!
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: $3.39T
QQQ (Nasdaq 100): $530.71
Gold: $3,331.30
Oil (WTI): $64.61
US 10Y Treasury: 4.482%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Very cool new announcement from our Official Sponsor @upshift_fi!
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 the thread below, 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 thread 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 red today. Best-performing chains on the weekly with at least $100M TVL are Hydration, Unichain, and Hyperliquid L1.
Protocols are also also quite red today. Best-performing protocols on the weekly with at least $100M TVL are Tulipa Capital (categorized as multi-chain ‘Risk Curators’ protocol), Re7 Labs (categorized as multi-chain ‘Risk Curators’), and PulseX.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 10 Entities By 24 Hour Fee Generation (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!)
-New project called @aixfi_. Twitter bio states “Generative Stablecoin Yields_ | The AI Engine of @interstable_ai”. Followed by 5 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
-Trump vs Elon feud tanked markets overnight and Circle’s stock absolutely soared yesterday after listing, h/t @Tyler_Did_It:
-Will Circle’s success catalyze a deluge of new IPO’s and ICO’s? h/t @pythianism:
-$BTC bounced right off the $100k line last night before recovering substantially, h/t TA from @DaanCrypto:
-Fatalistic bullishness from @LukeGromen, that the debasement is all but guaranteed to continue, pushing asset prices higher (at least in nominal terms):
-@ethos_network Season One is live, generating excitement among airdrop and InfoFi enthusiasts, h/t @NPC_68:
-With next Fed interest rate decision less than two weeks away, President Trump is calling on Jerome Powell to cut a full 100 bps:
-Seeing increased excitement about Pendle’s new Boros innovation on the TL, example c/o @0xDeFiDevin below:
-Lots of focus on big announcement from Morpho today as well, h/t @TheiaResearch:
-There is chatter on the TL- including from Frax founder @samkazemian- that Frax might try to do a SPAC or IPO and go public like Circle did, as well as speculation on what this would mean for their token:
-Interesting thoughts on the Kaito and InfoFi meta and “the road to $1M just by tweeting” from @redhairshanks:
-New discussion between @jediblocmates and popular CT personality Messi @AgentChud:
-@JasonYanowitz and @santiagoroel on the Circle IPO and PumpFun sale and more:
-New macro/crypto discussion from @fejau_inc and @qthomp and co:
-New crypto/macro livestream from @noahseidman (airing live as we publish this):
-New roundtable from @Unchained_pod:
-Reminder that $QQQ/Nasdaq 100 is up over 30% in the last two months since the last mini-crisis we had, h/t parting wisdom from @Pentosh1:
Conclusion
Happy Friday good degens! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Reminder friends that $MNT-enjoyoors are regularly getting huge rewards via Mantle’s partnership with Bybit via their Megadrop process!
This allows users to stake $MNT/Mantle tokens via Bybit and earn access to new airdrops through doing so!
The current one is for $SKATE- and goes through June 7th- but these take place regularly!
Indeed the last two led to insane yields of 182% (on $OBOL) and 42% (on $ELDE)!
This is just one of many extremely bullish things going on with Mantle currently, such as their new institutional-grade MI4 Fund, their new HyperEVM integration into the mETH Protocol Bridge, the extremely cool new Mantle Banking initiative, huge numbers in Q1 (read more about this in a report from @MessariCrypto by clicking here!), and of course their absolutely MASSIVE Kaito campaign that is ongoing!
Follow @Mantle_Official to learn more and stay tuned for additional info as we continue to shine a light on everything Mantle 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.