🌊 Wave Wisdom - January 10th, 2024

DATA
Key Prices

BTC $45,408 (-2.63% 24h)

ETH $2,395 (4.25% 24h)

SPY $471.87 (-0.15% 24h)

DATA
Market Overview

Total Market Cap $1.70T (-0.87%)

Total Volume $86.68B (7.51%)

BTC Dominance 52.35% (-0.91%)

ETH Dominance 16.95% (0.84%)

DATA
Chain TVL

DATA
Protocol/Chain Fees (24h)

The key to reading this graphic is to look for new entrants. This shows they are gaining adoption.

DATA
CEX Inflows & Volume

In order by assets

YIELD
Stablecoin Yields

Criteria: Stablecoins in audited pools with 20% or higher APY and greater than $200k TVL

DAI on Gains Network with $26.85m TVL and 39.81% APY

GDAI (For LP | Matu... on Pendle with $11.83m TVL and 37.54% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.71m TVL and 35.92% APY

USDC (GMX V2 USDC -... on Solv Funds with $4.39m TVL and 35.67% APY

DOLA-USDC on Aura with $3.77m TVL and 34.35% APY

DAI-USDT (0.01%) on Uniswap V3 with $2.83m TVL and 32.86% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.76m TVL and 32.46% APY

MIM-ARBUSDCE-USDT (... on Beefy with $2.75m TVL and 24.93% APY

PUSD-FRAXBP on Curve DEX with $2.39m TVL and 24.04% APY

MKUSD-FRAX-USDC (Pr... on Beefy with $1.97m TVL and 22.37% APY

NEWS
Talk of the Town

Alright, let's dive into the thick of today's newsletters. No fluff, just the straight dope.

The BowTiedBull team is buzzing about the potential Bitcoin ETF approval. They're schooling us on how big players buy Bitcoin in bulk, stressing economies of scale. They're also calling out the usual big money market bullshit, but with a twist: multiple ETF approvals could mean less finger-pointing over favoritism. The real juice is in the consistent demand post-approval, not the initial investment. They're also hinting at Wall Street's slick marketing possibly boosting Bitcoin demand through wealth management firms.

Revelo Intel dropped a bomb with their Annual Intel, a 500+ page beast of insights now up for grabs for free. They're practically begging you to sign up and get your brain fed with their deep industry takes.

The Daily Degen's got the scoop on the 'Airdrop Meta' of 2024, listing projects expected to issue airdrops. They're also tracking price movers, TVL growth, and fee generation leaders.

They're throwing shade at scams and reminding us to stay sharp. They've got their eyes on new projects like SatoshiVM and Trestle Protocol, and they're not shy about sharing their love for other projects and services.

GetMoni talks are all about ETFs, too. Valkyrie's Spot BTC ETFs are on the launchpad, and the SEC Chairman's throwing shade, but they're telling us to keep our cool. They're also dishing on Starknet's $STRK token for gas payments and Ondo's new points system. Solana's still got a strong dev base despite the flak, and Cosmos is stirring the pot with a vote on $ATOM inflation. Polyhedra's funding round is making waves, and Saros on Solana bagged a cool $3.75m. They're also teasing some AI project fundraises.

Check the sources if you want the full monty:

• BowTiedBull

• Revelo Intel

• The Daily Degen

• GetMoni Talks

SENTIMENT
Trader Thoughts

We bring you the best thoughts from top traders and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 65

Let's dive into the CT traders' market outlook over the past 24h.

@Crypto_Chase suggested that the SEC's mistaken tweet regarding an ETF could have been a missed opportunity for exploitation, hinting at the market's immaturity.

@deltaxbt expressed uncertainty in the market, focusing on scalping rather than swing positions, while noting that Bitcoin looked boring and anticipated potential movement for Ethereum.

@Tradermayne shared a list of Ethereum-related trades to monitor, implying an expectation of a market shift towards Ethereum.

@Bluntz_Capital commented on the market's direction, noting that certain DeFi coins like $SNX and $AAVE looked promising.

@CryptoKaleo offered a long-term bullish outlook, dismissing short-term market noise and predicting new all-time highs later in the year despite recent security breaches on Twitter.

@CryptoParadyme suggested Ethereum might reach $3500 in the coming months and commented on the community's reaction to SEC-related events.

@Pentosh1 speculated that the SEC tweet leak revealed market intentions and future trends.

@Tradermayne and others discussed rumors of ETF approval and the implications of the SEC's tweet, debating whether it was a hack or a premature announcement.

@trader1sz hinted at teasing market predictions for Bitcoin and various altcoins.

In summary, CT traders displayed mixed sentiments with a general lean towards cautious optimism, particularly with Ethereum's potential movement and a speculative focus on ETH-related assets. Bitcoin was generally viewed as stagnant, with community attention geared towards Ethereum's promising signals and the drama surrounding a possible ETF announcement.

SENTIMENT
Gem Hunter Thoughts

We bring you the best thoughts from top gem hunters and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 75 (0% 24h Δ)

Let's dive into what the gem hunters on ct are eyeing over the past 24h.

@CryptoKaduna is eyeing $RENDER and $AKT, hinting at potential growth by comparing it to Nvidia's performance. They also mentioned a 10x on $AKT within a year and highlighted $KUJI for some 'staking and chilling' action.

@ChadCaff is bullish on $DUEL, noting its upcoming token generation event (TGE) and the fact that it has secured listings on six centralized exchanges (CEXs), hinting at its potential to be big.

@Cryp__toad is backing $WNT for 2024, suggesting that Wicrypt could redefine connectivity, and also highlighted $MOZ, expressing some regret for not buying more at a lower market cap. They also put a spotlight on $AGRS, emphasizing its unique position in improving machine learning and logical AI without competitors.

@CryptoDamus411 is a long-time bull on Ethereum, reminding us that seasoned crypto veterans have seen this cycle before and suggesting a strategy of selling other coins like SOL, SEI, and SUI at a loss to buy Ethereum.

@KaminoCrypto retweeted about Clearpool's Q4 2023 report, indicating strong performance metrics, and also mentioned the integration of Popsicle Finance into Hera on MetisDAO, which could suggest potential growth opportunities.

@Rationalape1 pointed out $LBR's significant total value locked (TVL) compared to its market cap, suggesting it might be undervalued.

@TheEuroSniper shared excitement about $AIMBOT's arrival on Solana, which aims to automate trading on the network.

@CryptoKaduna also mentioned $TRIAS, referring to its price action as a 'beauty'.

@V2Chenz took a position in $CHUB, seeing it as a decent risk-reward play after it bottomed out at a 350K market cap.

@ChadCaff added $AGN to his portfolio, intrigued by its combination of blockchain and AI, and its development roadmap that includes a testnet and mainnet launch.

@anger_trading noted some interesting moves by $MSTR, while @defi_antcrypto warned followers about a hack on @Polytrade_fin's $TRADE account.

@Crypto_Shaggy commented on the strength of ETH when the ETF news was mistakenly released, suggesting bullish sentiment for $RSTK and $BANANA.

@zolandinho and @crypto_popseye discussed $BANANA's removal of tax fees and teased upcoming big updates, which could lead to increased volume and a positive price impact.

Mentioned Coins

Disclaimer: This process is automated, so the links may be different than the coin actually mentioned.

Neon ($NEON ) | Solana Ecosystem

TokenSight ($TKST ) | Ethereum Ecosystem

Bridged Binance-Peg Ethereum (opBNB) ($ETH ) |

KOI ($KOI ) | Solana Ecosystem

InfinityBit Token ($IBIT ) | Ethereum Ecosystem

BeeChat ($CHAT ) | Ethereum Ecosystem

THORChain ($RUNE ) | Bridge Governance Tokens

Render ($RNDR ) | DePIN

Oasis Network ($ROSE ) | Smart Contract Platform

LayerAI ($LAI ) | DWF Labs Portfolio

ChartAI ($CX ) | Ethereum Ecosystem

Tectum ($TET ) | Layer 1 (L1)

Reaktor ($RKR ) | Ethereum Ecosystem

Arbitrum ($ARB ) | Arbitrum Ecosystem

Restake Finance ($RSTK ) | Ethereum Ecosystem