Happy Thursday good degens! Quite an eventful 24 hours its been! :)
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):
Gold: $2603.30
Oil (WTI): $71.72
US 10Y Treasury: 3.758%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @silentdao_ is continuing to develop their revolutionary new on-chain privacy architecture… which is essentially meant to be a middleware privacy/encryption layer:
“Silent Protocol is building the ghost layer, a modular layer 1.5 providing compliant privacy built on the EZEE framework to become that structured playground for institutions and retail users that can provide compliant, secure and privacy preserving access to ethereum native and cross chain liquidity along with enabling access to applications.”
Our editor @rektdiomedes is helping bang the drum about everything @silentdao_ is working on, so make sure to follow them on Twitter for more updates and check out the great thread on them from @kenodnb below!
Biggest TVL Movers + Else
Chains are quite green today. Top 25 chains up at least 15% on the weekly include Base (#6), Core (#21), and Pulsechain (#24).
Protocols are also quite green. Top 100 protocols up at least 15% on the weekly include Aerodrome (#33), NAVI Protocol (#65), Elixir (#70), PulseX (#76), and Colend Protocol (#91).
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 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-The Fed just cut interest rates for the first time in nearly half a decade anon! Do you have any thoughts on $BTC directionality from here?!? Express your thesis and go long or short via spot or leverage and access 50+ other markets as well at app.vertexprotocol.com!
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 @KyrosFinance. Twitter bio states “Optimize your SOL yield by staking with a diversified NCN allocation”. Followed by 2 of our mutuals. h/t @twindoges:
-Something new called @projectzero2050. Twitter bio states “Project Zero: Building the largest decentralised renewable energy network. Developed by Fuse. (Not available to US persons)”. Followed by 14 of our mutuals. h/t @twindoges:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-Seeing lots of tweets about a Banana Bot security issue, h/t @DegenSensei:
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The Fed cut rates by 50 bps, h/t @NickTimiraos:
-@RaoulGMI on the macro:
-Revolut to launch stablecoin:
-Sui defi continuing to gain TVL + attention, h/t @0xrooter:
-(Related) info on Sui projects, h/t @CryptoStreamHub:
-Additional headlines c/o @0xSalazar:
-Defi news/headlines c/o @TheDeFinvestor:
-Donald Trump made headlines by purchasing cheeseburgers using Bitcoin, h/t @crypto_condom:
-Interesting story on the regulatory front, h/t @dcfgod (click to read in full):
-Cycle thoughts from @0xWelfare:
-In-depth conference observations from @Flip_Research:
-New @JackFarley96 + @FedGuy12 discussion from after the Fed rate cut yesterday:
-New interview from @JackNiewold with @pendle_fi co-founder @tn_pendle:
-Parting bullishness from @davidbrickell80:
Conclusion
Happy Thursday friends! Stay hypervigilant out there!
And please RT/subscribe/etc if you found this valuable!
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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.