Happy Wednesday fellow degens! One of the craziest days in crypto we can remember… hope you are all doing okay and hanging in there!
Stats/alerts/etc at top and insanity at bottom as always!
Market Update
Crypto:
Gold: $1,711.00
Oil (WTI): $88.60
Stocks:
Biggest Price Movers
(From @coingecko top 500)
Up:
-bZx Protocol $BZRX +67.5%
-Unidef $U +37.7%
-DFI.money $YFII +21.8%
Down:
-FTX $FTT -76.6%
-BoringDAO [OLD] $BOR -74.7%
-Ecoin $ECOIN -46.8%
Spotlight
Our official sponsor for the month of November is @NestedFi, which is a cool new ‘social trading’ protocol existing across a variety of EVM chains. With Nested you can create a portfolio that people can then copy if they want with just a couple of clicks. It costs about 1.1% to automatically copy trade an active portfolio, and the portfolio creator earns 50% of that 1.1%.
Biggest TVL Movers
Chains are extremely red today. Of the top 50 chains by TVL, all 50 are in the red. Notables include Solana (#9) at -41.20% on the daily, Algorand (#16) at -20.97% on the daily, Acala (#33) at -30.99% on the daily, and Parallel (#38) at -31.29% on the daily.
Protocols are also extremely red today. Of the top 100 protocols, 94 are red on the daily. Some notables include Sun (#16) at -28.85% on the daily. Abracadabra (#31) at -26.78% on the daily, Marinade Finance (#51) at -35.31% on the daily, and Solend (#73) at -60.36% on the daily.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear/Greed Index:
(from @EthereumFear)
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 frens!)
-Previously-mentioned new protocol @MugenFinance has been added to @DeBankDeFi. Again, Twitter bio states “Aggregating #RealYield with LayerZero…”
-Something called @adamnitehq that appears to be building towards launch (if understanding right). Twitter bio states “A blockchain for everyone.”
Rug Pulls/Exploits/De-Peggings/Liquidation Alerts
-@CertiKAlert released an alert regarding a flash-crash on ‘Boxc’.
-@CertiKAlert reiterated a recent alert from @Wallet_Guard:
-Several security-focused accounts have been tweeting updates on the liquidation of the ‘Solend Whale’ relating to the Solana/FTT crash:
-Alert from @spreekaway:
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)
-Amidst the collapse of FTX and the suspension of withdrawals today, @SBF_FTX shocked crypto by announcing he had accepted a bailout offer from @cz_binance:
-@zhusu re-appeared amidst the chaos:
-Summaries of the day’s insanity:
-A number of crypto og’s appear to have money stuck (or potentially lost) in FTX:
-Sentiments:
-Hopeful sentiment:
-Interesting macro visual:
-Contagion finally appears to be spreading to commercial real estate sector:
-@UpOnlyTV hosted a surreal panel discussion that included Martin Shkreli, Do Kwon, regular hosts Cobie and Ledger, and additional guests:
-On-chain leveraged-trading platforms reaped the benefits of the day’s massive volatility:
-@Hsaka retweet of Brian Armstrong clip discussing FTX situation:
-SBF apparently deleted at least one noteworthy tweet he made in run-up to yesterday’s events:
-Another thread from @wassielawyer on FTX situation:
-Fascinating thread shedding further light on the seizure of the Silk Road funds story from yesterday:
-Speculative thread on FTX/Alameda situation (no insights into accuracy of this but it got over 3,000 retweets so was a major topic of discussion):
-Macro gigabrain @LukeGromen appeared on Palisades Gold Radio:
Conclusion
Stay strong and stay alert friends!
And please RT/follow/etc if you found this helpful! :)
-
Note: The gents at @GainsNetwork_io were kind enough to offer us a spot as an ambassador for their new referral program (and made us the cool below graphic!).
If you plan to use Gains and want to support The Daily Degen, we’d be honored if you’d do it through our link (please always ape responsibly though!):