Happy Sunday!
Data/alerts/etc is all below or you can scroll to the bottom for the day’s top stories and news!
Market Update
Overall crypto market cap: +0.8% to $1.27T
$BTC: +1.6% to $29,330
$ETH: +1.8% to $1,809
For tradfi:
S&P 500: N/A
Dow Jones: N/A
Nasdaq 100: N/A
Biggest Price Movers
(From @coingecko top 500)
Up:
-Bella Protocol $BEL +117.7%
-Evmos $EVMOS +37.6+%
-Auger $REP +28.5%
Down:
-Green Satoshi Token on BSC $GSC-BSC -59.7%
-TerraClassic LUNA $LUNC -24.6%
-TerraClassic UST $USTC -19.9%
Biggest TVL Movers
Top chains slightly green today with no big movers.
Among smaller chains, Songbird $SGB @flarenetwork gained another 66.5% in TVL today.
For medium-sized chains, Elrond $EGLD and Astar $ASTR are both down over 20% on the week.
Among top protocols, JustLend $JST is up 51.81% on the week.
Top Twelve Chains (from @defillama):
Top Twelve Protocols (from @defillama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
Other stats
(from @8blocksdaily)
Top Stablecoin Yields
(note: these are the top Stablecoin Yields from pools with over 5M tvl, sourced from @defillama)
-USDC-EUR Perp on @angleprotocol 78.79%
-USDN-DAI-USDC-USDT on @curvefinance 14.78%
-USDC on @SturdyFinance 12.81%
-3EUR LP on @angleprotocol 11.20%
-USDC on cbridge @CelerNetwork 8.84%
New Protocols/Yield Farms
(from newly-added @debankdefi protocols and @rugdoc_io new yield farm calendar entries from last 24 hours - these are NOT endorsements - make sure to do extensive due diligence)
No new protocols today.
However, the @optimismPBC AMM by @balancerlabs and @beethoven_x is launching soon:
As is the upcoming Velodrome launch on May 31st:
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-$DEI stablecoin is still de-pegged, at $0.68.
-$USDN remains very slightly off (@coingecko says $0.984)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Luna 2.0 launched yesterday. Price action was negative. Here is the official announcement thread of the launch from @terra_money:
-Bitcoin miners are starting to see tight margins, as per thread from @DylanLeClair_:
-Thailand’s biggest bank is apparently now using @compoundfinance:
-A large amount of $CVX on Convex Finance is unlocking at the end of June. From @cryptobrucey:
-Federal Reserve Chairman Jerome Powell has engendered controversy for stating that the Fed wants “wages to go down”. Here is the most oft-cited article in discussion of this on Twitter:
-Russia makes news for considering allowing oil payments via crypto:
Conclusion
That is everything for today!
Please follow us on twitter at @thedailydegenhq, and please subscribe here via Substack too!
And huge thanks for the shares and rt’s, they mean a lot to us!
Stay safe frens!