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The Daily Degen - March 19th, 2023

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The Daily Degen - March 19th, 2023

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

The Daily Degen
Mar 19, 2023
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Happy Sunday degens! Big, big week coming up!

Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!

Market Update

Crypto:

Twitter avatar for @TickerTop
Top Cryptocoins Ticker @TickerTop
1: Bitcoin price is $27101.27 (0.02% 1h) 2: Ethereum price is $1781.90 (0.03% 1h) 3: Tether price is $1.00 (0.02% 1h) 4: BNB price is $336.00 (-0.07% 1h) 5: USD Coin price is $1.00 (0.02% 1h) 9: Dogecoin price is $0.07 (0.23% 1h)
9:48 AM ∙ Mar 19, 2023
Twitter avatar for @cryptobubbles24
СryptoBubblesDaily @cryptobubbles24
The global #crypto market cap today is $1.19T, a -2.20% change in the last 24h. Total trading volume in the last 24h is at $224.4B. #BTC dominance is at 43.82% and #ETH - 17.92%. 19.03.2023 7:13:45 (UTC) #DeFi #NFT #BSC #Tether #AVAX #XRP #TRX #Solana
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7:16 AM ∙ Mar 19, 2023

Gold: $1,989.30

Oil (WTI): $66.74

Stocks: N/A

Biggest Price Movers

(From @coingecko top 1000)

Spotlight

The good gents at @NestedFi are our official sponsor for the month of March! Nested is a Social Trading protocol which lets users create portfolios and copy-trade the portfolios of other traders. It currently supports ETH Mainnet, Arbitrum, Polygon, Avalanche, Optimism, and BSC.

They are building all sorts of cool stuff for 2023 so make sure to follow their Twitter account and keep a close eye on them!

Here’s the latest update from the team:

Twitter avatar for @NestedFi
Nested 🧩 @NestedFi
Had a good week in the markets? You can now select the specific timeframe you want to display when sharing your Nested portfolios 🙏
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7:30 PM ∙ Mar 18, 2023
35Likes7Retweets

Biggest TVL Movers

Chains are mixed today. Top 20 chains up at least 25% on the weekly include Tron (#2), Optimism (#6), Mixin (#9), DeFiChain (#11), Klaytn (#14), and Bitcoin (#17).

Protocols are mostly red today. Top 100 protocols up at least 30% on the weekly include JustLend (#7), Venus (#16), Velodrome (#27), Bwatch (#29), DeFiSaver (#50), Blur (#53), DeFiChain Loans (#73), CamelotDEX (#74), Beethoven X (#76), Katana Dex (#80), and Canto Dex (#92).

Here’s The Top 12 Chains By TVL (from @DefiLlama):

Here’s The Top 12 Protocols By TVL (from @DefiLlama):

Here’s The Top 12 Stablecoins By Market Cap (from @coingecko):

Other Data Points

Bitcoin Fear/Greed Index:

(from @BitcoinFear)

Twitter avatar for @BitcoinFear
Bitcoin Fear and Greed Index @BitcoinFear
Bitcoin Fear and Greed Index is 63. Greed Current price: $26,953
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12:00 AM ∙ Mar 19, 2023
678Likes112Retweets

Ethereum Fear And Greed Index

(from @EthereumFear):

Twitter avatar for @EthereumFear
Ethereum Fear and Greed Index @EthereumFear
Ethereum Fear and Greed Index is 63 — Greed Current price: $1,760 opensea.io/assets/0x7fa81… etherscan.io/token/0x7fa813…
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12:00 AM ∙ Mar 19, 2023
109Likes20Retweets

Crypto Volatility Index

(from @CVIdaily)

Twitter avatar for @CVIdaily
CVI Daily @CVIdaily
The Crypto Volatility Index is at 69.28 📊 The CVI ranges between 0-200 0-85 ≈ Low volatility 85-105 ≈ Medium volatility 105-200 ≈ High volatility Trade #volatility ($CVI): Platform 👉🏻 cvi.finance Sushiswap 👉🏻 sushi.com/swap?token0=0x… @official_CVI $CVI $GOVI
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8:47 AM ∙ Mar 18, 2023

New Protocols

(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)

-New chain building called @VenomFoundation. Twitter bio states “The asynchronous blockchain building a more connected future. Secure by design, scalable by nature”. h/t @Asyl101021:

Twitter avatar for @Asyl101021
volcano @Asyl101021
This thread is highlights from whitepaper of Venom Blockchain (VB) @VenomFoundation 1/
7:52 AM ∙ Mar 19, 2023

-New dex on Core has been added to @DefiLlama called @PalmaSwap. Twitter bio states “Exotic DEX platform on #Core”.

Twitter avatar for @PalmaSwap
PalmaSwap @PalmaSwap
A new brand exotic #DEX on Core Mainnet 🌴 Join the most exotic #CoreDAO community 🌞 t.me/palmaswap #CoreDao_Org #CoreMainnet
t.mePalmaSwap | Official ChatYou can view and join @palmaswap right away.
11:53 PM ∙ Mar 17, 2023
5Likes2Retweets

-Previously-mentioned @FactorDAO has been added to @DefiLlama (Arbitrum). Description states “Factor gives exposure to a wide variety of community-generated yield opportunities, including passive and active strategies, thematic indices, and more.”

Twitter avatar for @FactorDAO
Factor 🏭 @FactorDAO
We are thrilled to announce that Roundtable Index, our early-access vault, has been launched, featuring four assets: $GRAIL $GMX $VELA $JONES At present, the vault can be accessed by veFCTR holders, and it is expected to grow with additional assets in due course. ⚔️ /1
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12:37 PM ∙ Mar 17, 2023
468Likes99Retweets

-New Arbitrum protocol called @arbidex_fi has been added to @DefiLlama. Twitter bio states “💵REAL YIELD - EARN 100% PROTOCOL FEES in $BTC $ETH $USDC 💰Dual Farn Rewards Kyc'd, Audited & Doxxed $ARX - 0xD5954c3084a1cCd70B4dA011E67760B8e78aeE84”.

Twitter avatar for @arbidex_fi
Arbitrum Exchange @arbidex_fi
ARBIDEX LIVE 🟢 ✅ REAL YIELD- Stake $ARX Earn $BTC $ETH $USDC ✅ Provide Liquidity to Earn $ARX & $ETH ✅ $ARX single staking - flexible & locked ✅ $ARX Trading Get $ARX now to earn real yield & provide liquidity to earn the best yield on #Arbitrum ▶️arbidex.fi
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1:33 AM ∙ Mar 17, 2023
44Likes22Retweets

-Something called @synthe_x. Twitter bio states “Most Advanced and Efficient Synthetics protocol… Join the chat 💬”.

Twitter avatar for @synthe_x
synthex @synthe_x
1/ Synthetic assets are the future of #DeFi derivatives and SyntheX is leading the way! Our protocol enables a free-flowing form of #derivatives that can be used as a token, invested in, transferred, and traded freely. 🧵
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7:54 AM ∙ Feb 28, 2023
26Likes16Retweets

Top Stablecoin Yields

(note: these are the top Stablecoin Yields, sourced from @DefiLlama (all types, minimum $1M+ TVL) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)

Other News And Analysis

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

-Credit Suisse continues to generate headlines and speculation:

Twitter avatar for @Investingcom
Investing.com @Investingcom
*UBS SEEKS $6 BILLION IN GOVERNMENT GUARANTEES FOR CREDIT SUISSE DEAL *10,000 JOBS MAY HAVE TO BE CUT IF UBS BUYS CREDIT SUISSE 🇨🇭🇨🇭
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5:42 AM ∙ Mar 19, 2023
539Likes152Retweets
Twitter avatar for @biancoresearch
Jim Bianco biancoresearch.eth @biancoresearch
A source I trust tells me that the Swiss Governing council will hold a press conference about Credit Suisse tomorrow (Sunday) at 6:30 PM local (Zurich) time. No idea what they will say, and it can always be delayed or canceled. But this should add to the expectations that we… https://t.co/gVJePnRRKn
1:01 AM ∙ Mar 19, 2023
1,116Likes203Retweets
Twitter avatar for @StealthQE4
QE Infinity @StealthQE4
Wow. Goodbye Credit Suisse. I haven’t seen the details Curious to see if the stockholders get wiped out. The world is changing fast folks. This is 2008 type stuff. Cant believe it’s happening all over again. Let’s see how the markets react
wsj.comUBS Nears Deal to Take Over Credit SuisseThe talks are part of an urgent effort engineered by Swiss and global authorities to restore trust in the banking system.
10:03 PM ∙ Mar 18, 2023
850Likes140Retweets

-US regional banks continuing to dominate news/discussion as well:

Twitter avatar for @SpecialSitsNews
Special Situations 🌐 Research Newsletter (Jay) @SpecialSitsNews
Breaking $FRC $WAL $PACW $ZION $KEYB $TFC Two-Year Guarantee: A coalition of midsize US banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks. https://t.co/OHp1oT0myx
9:26 PM ∙ Mar 18, 2023
79Likes13Retweets
Twitter avatar for @KobeissiLetter
The Kobeissi Letter @KobeissiLetter
On Friday, ~20 private jets landed in Omaha, Nebraska. According to flight data, many of these jets came from HQs of Regional Banks. Today, it was revealed that Biden was discussing the bank crisis with Warren Buffet. Is Warren Buffet preparing a deal to save the banks?
3:39 AM ∙ Mar 19, 2023
1,069Likes231Retweets
Twitter avatar for @zerohedge
zerohedge @zerohedge
If the Fed does not contain the regional bank collapse, there will be another great depression. Small/medium banks account for 50% of US commercial and industrial lending, 60% of residential real estate lending, 80% of commercial real estate lending, and 45% of consumer lending
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1:46 PM ∙ Mar 18, 2023
12,927Likes3,602Retweets

-Uncertainty regarding Fed rate hike decision this week:

Twitter avatar for @biancoresearch
Jim Bianco biancoresearch.eth @biancoresearch
2/2 Why the history lesson? Here is the chart of the probabilities for the meeting this week, March 22, 2023. Friday, the probabilities were 62% for a 25-basis point hike and 38% for no move. Not only is this the most uncertain meeting since forward guidance began in 1994,… https://t.co/70jt4zHGz9
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8:35 PM ∙ Mar 18, 2023
193Likes24Retweets
Twitter avatar for @charliebilello
Charlie Bilello @charliebilello
Current market expectations for the path of the Fed Funds Rate... -Mar 22, 2023: 25 bps hike to 4.75%-5.00% -Pause -Rate cuts start in June 2023 w/ a Fund Funds Rate below 4% at the end of 2023 and below 3% at the end of 2024.
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3:20 PM ∙ Mar 18, 2023
1,055Likes309Retweets
Twitter avatar for @Josh_Young_1
Josh Young @Josh_Young_1
FED TO CONSIDER A PAUSE AS FALLOUT FROM SVB ROILS MARKETS
finance.yahoo.comFed to Consider a Pause as Fallout From SVB Roils Markets(Bloomberg) -- Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.Most Read from BloombergWarren Buffett in Contact With Biden Team o…
1:52 AM ∙ Mar 19, 2023
110Likes19Retweets

-Total crypto market cap back over $1.2T:

Twitter avatar for @WatcherGuru
Watcher.Guru @WatcherGuru
JUST IN: Global #cryptocurrency market cap surpasses $1.2 trillion.
7:09 PM ∙ Mar 18, 2023
7,337Likes1,472Retweets

-@DefiLlama’s dex aggregator hits $5B in volume:

Twitter avatar for @DefiLlama
DefiLlama.com @DefiLlama
🧵 The DeFiLlama aggregator launched in early January this year and has reached $5b in volume today!! Here's some data about activity on the most popular DEX aggregator out there and what's next for the aggregator and DeFiLlama. More below 👇
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7:14 PM ∙ Mar 18, 2023
341Likes55Retweets

-Interesting story re: the London Metal Exchange:

Twitter avatar for @jenstilmanydots
JennyManyDots @jenstilmanydots
The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam, in a revelation that will deliver another blow to confidence in the embattled exchange.
mining.comLME rocked by new nickel scandal after finding bags of stonesThe LME has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam.
7:36 PM ∙ Mar 17, 2023
43Likes10Retweets

-@CamelotDEX getting a lot of attention in run up to Arbitrum airdrop:

Twitter avatar for @FroyoFren
Ice @FroyoFren
It's clear that on Arbitrum, $GRAIL is the place to be — especially for protocols. The Camelot Launchpad's pipeline of high-quality projects is another source of TVL and fees Current and new protocols are choosing to put their liquidity on Camelot, and this trend will continue
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7:12 PM ∙ Mar 18, 2023
15Likes1Retweet
Twitter avatar for @trmachine888
Burgerflipper @trmachine888
One of GCR address just bridged into Arbitrum using SYN bridge to buy 1m USD worth of $GRAIL. He is still holding 33m USD on his wallet.
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4:29 AM ∙ Mar 18, 2023
216Likes25Retweets

-@JaviarBlas on oil:

Twitter avatar for @JavierBlas
Javier Blas @JavierBlas
The lopsided world of oil: WTI down briefly to near $65 a barrel WTI time-spreads deeper into contago (and Brent prompt time-spread is flirting with it) And yet, 321 WTI crack spread surges to $40 a barrel, one of the highest levels in six months. #OOTT
5:38 PM ∙ Mar 17, 2023
299Likes40Retweets

-Interesting security thread from @functi0nzer0:

Twitter avatar for @functi0nZer0
laurence @functi0nZer0
I've noticed a new type of 'attack' taking place that makes use of Etherscan, and I've seen at least one victim of it today It falls into that zone between lazy bait and sick genius, so it's worth highlighting for everyone Serious thread for a change [1/whatever]
10:19 PM ∙ Mar 18, 2023
184Likes34Retweets

-@GCRClassic on prices and the Balaji $1M Bitcoin bet:

Twitter avatar for @GCRClassic
GCR @GCRClassic
@balajis as the years pass, we will increasingly trust code over governments but it happens over years and decades, not months 1 million usd is obviously unrealistic; but even a more reasonable target, breaking all time high of 69k, will not happen in 2023 nature is still healing
11:21 PM ∙ Mar 18, 2023
1,598Likes96Retweets

-Very thorough thread from @korpi87 on 30 Arbitrum protocols to know about:

Twitter avatar for @korpi87
korpi @korpi87
Arbitrum is on fire! With $ARB airdrop worth >$1B, a lot of liquidity will trickle into its ecosystem projects. "A rising tide lifts all boats" If you still look for INVESTMENT OPPORTUNITIES, this is a mega thread with 30 innovative projects building on Arbitrum:
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11:02 PM ∙ Mar 18, 2023
629Likes180Retweets

-An account called @Defi_Maestro has been live-tweeting a fascinating trading journey, latest update below:

Twitter avatar for @Defi_Maestro
Defi_Maestro 🫐 @Defi_Maestro
Day 49 - $268k in Stables - $66k in $JOE (+35%) - $42k in $ETH (+0%) - $15k in $KWENTA (+44%) Total Value ~ $391k (+291%) Changes: - Sold $178k $JOE for Stables - Sold all $RDNT for $ETH debank.com/profile/0xd14a…
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Twitter avatar for @Defi_Maestro
Defi_Maestro 🫐 @Defi_Maestro
Day 48 - $266k in $JOE (+53%) - $93k in USD - $35k in $RDNT (+29%) - $15k in $KWENTA (+50%) Total Value ~ $409k (+309%) 🔥🔥🔥 Changes: - Sold $210k $RDNT for $JOE - Sold all $LQTY for USD - Sold $65k $JOE for USD https://t.co/vmr6wHHvTs https://t.co/e9hQvPxt6g https://t.co/cpDY8DbSZL
7:47 AM ∙ Mar 19, 2023
69Likes7Retweets

-Good macro article from @LastBearStanding:

Twitter avatar for @LastBearStandng
TheLastBearStanding @LastBearStandng
🚨🚨 The Death of QT 🚨🚨 Just like last time, it ended with a bang... 👇👇 thelastbearstanding.substack.com/p/the-death-of…
thelastbearstanding.substack.comThe Death of QT#46: Just like last time, it ended with a bang.
12:01 PM ∙ Mar 17, 2023
243Likes47Retweets

-New episode of @Blockbytescom’s Across The Chains, discussing a variety of current crypto-focused stories/events, featuring @crypto_klay, @0xDoubleSharp, @0xSouvlaki, and more:

-New livestream from @RealVision featuring @RaoulGMI and @AndreasSteno:

-Parting humor from @CL207 and @Citrini7 and wisdom from @DeFi_Creed:

Twitter avatar for @CL207
CL @CL207
price up = good price down = transfer to stronger hands pos funding = leverage drive us higher neg funding = bullish reset inflows = exchange obtaining bitcoins to sell to institutions outflows = holders moving to cold wallet rates up = banks implode rates down = hyperinflation
2:23 PM ∙ Mar 18, 2023
874Likes117Retweets
Twitter avatar for @Citrini7
Citrini “Fed Rug Pull” @Citrini7
I am in the unique minority that thinks the Fed should pause, not because we’re facing a recession if they don’t but because I think it’ll reaccelerate inflation & Im really good at trading in an inflationary environment apparently
7:35 PM ∙ Mar 17, 2023
235Likes14Retweets
Twitter avatar for @DeFi_Creed
CREED @DeFi_Creed
Consistency is a Key Virtue of Success. The More you show up the more advancement you make even in the midst of failure and pain A popular Movie Quote says: "The hardest Choices requires the Strongest will" Gm gm to those who keep showing up!
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7:01 AM ∙ Mar 18, 2023
50Likes7Retweets

Conclusion

Have a great Sunday friends and rest up for the big week ahead! :)

And please RT/follow/etc if you found this valuable! :)

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Note

We are huge fans of @DefiLlama! The amazing free data they provide is used extensively in every issue of The Daily Degen…

If you have the capability, we would highly recommend donating to their amazing team! Note: We are not affiliated with them nor is this sponsored or anything, just trying to give credit/spread awareness of how to support them :)

Here’s a screenshot showing how to access the ‘Donation’ page:

Twitter avatar for @0xngmi
0xngmi (llamazip arc) @0xngmi
Built a donations page for defillama defillama.com/donations
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8:31 PM ∙ Sep 11, 2022
141Likes38Retweets

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