The Daily Degen- September 6th, 2024
All of today's news/data/alerts...
Happy Friday good degens! Lots of stuff going on!
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: $2541.30
Oil (WTI): $69.82
US 10Y Treasury: 3.753%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
The team at @derivio_xyz - “the idiomatic network unfolding the financial fabric of Ethereum” - has released their Deeno NFT series!
As stated in the thread below…
“Derivio's NFT mint for whitelisted community members is NOW live!
We have released 550 Deeno NFTs at this initial stage.
Owning a Derivio NFT elevates you to a distinguished status in the community, along with unlocking exclusive perks and benefits…”
We’ve been helping spread the word about everything the Derivio team is up to, so make sure to follow them on Twitter for more updates and check out the below thread to learn more!
Biggest TVL Movers + Else
Chains are very red again. Top 50 chains down at least 10% on the weekly include Bitlayer (#23), Cardano (#29), Ronin (#34), MultiversX (#39), and BSquared (#40).
Protocols are also very red. Top 10 protocols down at least 10% on the weekly include Maker (#6), and Solv Protocol (#93).
Here’s The Top 12 Top-Performing Chains By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Top-Performing Protocols By TVL On The Weekly With At Least $100M TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Chart Of The Day
(Courtesy of our Official Sponsor @vertex_protocol)
-$BTC is down and the Fear & Greed Index is signalling ‘Extreme Fear’… however we are on the cusp of the first Fed interest rate cuts in almost half a decade, not to mention the upcoming election… Are you bullish good anon?? 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!)
-Something new called @Infinity_VM. Twitter bio states “Enshrining Offchain Compute”. Followed by 39 of our mutuals. h/t @AresLabs_xyz:
-Something new called @lendonvolt. Twitter bio states “Light Speed Liquidity. Powered by Base”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
-A new dex on Arbitrum called @renegade_fi has been added to @DefiLlama. Twitter bio states “Crypto's first on-chain dark pool. Live on Arbitrum One.” Followed by 101 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, and $1M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-Newest macro data, h/t @NickTimiraos:
-Interesting observation from @DaanCrypto:
-Bond market pricing in some major rate-cutting by Fed, h/t @dunleavy89:
-Tron memecoin season may be over already, h/t @NPC_68:
-August summary from @thedefivillain:
-Stuff to watch in Q4 from @DeFiMinty:
-Additional crypto headlines c/o @blocmatesnews:
-Additional macro headlines c/o @zerohedge:
-Fatalistic bullishness on the macro, h/t @LukeGromen:
-Some interesting exchanges involving Cobie and Vitalik:
-Bullish sentiments c/o @qthomp:
-Episode Two of ‘Tao Talk’ on $TAO/Bittensor from @blocmatesdotcom featuring @563defi and @brodyadreon and @thecryptogus:
-Newest video on all things airdrop-related from @KryptoCove:
-New interview from @0xResearch with @joshuagunnn and @Roeelir from @aori_io:
-New weekly roll-up video from @BanklessHQ going over all the biggest stories in crypto:
-Parting thoughts from @alpha_pls:
Conclusion
Have a great Friday good degens and 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.