🌊 Wave Wisdom - January 11th, 2024

DATA
Key Prices

BTC $47,100 (3.56% 24h)

ETH $2,661 (10.90% 24h)

SPY $474.16 (0.57% 24h)

DATA
Market Overview

Total Market Cap $1.80T (5.82%)

Total Volume $122.52B (41.31%)

BTC Dominance 51.22% (-1.15%)

ETH Dominance 17.74% (0.79%)

YIELD
Stablecoin Yields

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

DAI on Gains Network with $27.54m TVL and 86.80% APY

GDAI (For LP | Matu... on Pendle with $12.46m TVL and 46.46% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.62m TVL and 43.41% APY

USDC (USDC lending ... on DeltaPrime with $5.37m TVL and 39.15% APY

USDC (GMX V2 USDC -... on Solv Funds with $4.41m TVL and 35.47% APY

DOLA-USDC on Aura with $3.78m TVL and 34.61% APY

USDC (USDC lending ... on DeltaPrime with $3.68m TVL and 30.22% APY

MIM-ARBUSDCE-USDT (... on Beefy with $2.99m TVL and 26.21% APY

LUSD-USDC (0.05%) on Uniswap V3 with $2.92m TVL and 23.31% APY

LUSD-USDC (1%) on Uniswap V3 with $2.84m TVL and 23.10% APY

NEWS
Talk of the Town

Alright, let's dive into today's newsletters and sift through the bullshit to get you the insights worth your time.

Visa's diving headfirst into Web3 with a new loyalty platform, while the SEC's got everyone on their toes with crypto tax reporting obligations. Buterin's weighing in on ENS, and Coinbase is eyeing the EU for crypto derivatives. VanEck's feeling generous, pledging 5% of potential BTC ETF profits to Bitcoin devs. Meanwhile, the SEC's Twitter got hacked, causing a stir with a fake Bitcoin ETF approval tweet – classic.

On the project front, Radiant Capital and Gamma Strategies got hit for millions, and Mango Farm pulled a Houdini on Solana. Keep an eye on SUI and Stacks; they're the chains du jour with juicy APRs on DEXes. And if you're into on-chain detective work, Amber Group's cozying up to $BEAM, and there's some wallet drama correction thanks to Nansen.

The Daily Degen's betting big on airdrops for 2024, with Parcl and BungeeExchange on the radar. They're also keeping tabs on TVL movers and shouting out to be scam-smart on social media. The Humble Farmer's Digest is all about Solana airdrops, with Tensor looking like the next big thing. They're also hyping up restaking protocols and giving a nod to some promising new projects.

Revelo Intel's all about that Bitcoin ETF life, with ARK and 21Shares making moves and the SEC's Twitter fiasco causing market mayhem. They're also discussing the importance of making crypto investments more accessible to traditional finance folks.

GetMoni's talking about Twitter dropping NFT profile pics and BASE's new roadmap. Fox is getting blockchain-friendly with Polygon, and there's some vague buzz about joining Grass and Finoa's funding round.

Crypto, Distilled is giving us the lowdown on market trends, with Bitcoin and Ethereum making modest gains. They're analyzing the BTC Bull Market Support Band and hinting at a potential ETHBTC reversal. Plus, they're talking about the SEC's first Bitcoin Spot ETF approval and the fee war heating up among ETF providers.

So, if you want to dig deeper into any of these stories, check out the sources. They've got the goods without the fluff.

Castle Chronicle The Daily Degen The Humble Farmer's Digest Revelo Intel GetMoni Crypto, Distilled

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: 85 (30.8% 24h Δ)

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

@Etherean007 was feeling positive, hinting at money-making opportunities post-liquidity event and anticipating potential upward movements, especially mentioning $RNDR for an imminent run. A bullish sentiment through and through, with a good dose of anticipation for what's next.

@Awawat_Trades relayed some bullishness too, retweeting about trade expectations post pre-market adjustments and hinting at a positive outlook with humor regarding trading attire.

@Bluntz_Capital was buying back into $SOL, showing strong bullishness for $ETH and expecting a solid performance from $SOL as well.

@deltaxbt commented on the challenge of taking profits too early and expressed frustration with alt trading compared to BTC.

@RookieXBT seemed to relish the anxious re-entry of traders who sold too early before the ETF news, indicating a bullish market reaction post-news.

@trader1sz seemed more cautious, particularly about $ETHBTC until a clear reclaim of a key mid-range level, adding a strategic layer to his trading approach.

@Pentosh1 was in analysis mode, offering to share insights on selected charts and maintaining a neutral stance while acknowledging the ETF approval.

@RunnerXBT displayed a bit of smugness towards traditional finance pundits, mixed with humor over market flow discussions, suggesting an underlying belief in market strength despite the skepticism from traditional finance.

@CryptoParadyme showed bullishness by pointing to institutional interest in Bitcoin and emotional readiness for the opportunities ahead.

@LomahCrypto reflected on the incredible shift from obscure betting to ETF approval, implying a bullish perspective on market maturity.

@Tradermayne signaled bullishness in a brief recognition of another trader's competence.

Overall, the sentiment among these ct traders over the past 24 hours leaned towards the bullish side, with excitement over recent ETF approvals and anticipation of market gains, though some offered cautious strategies amidst the general optimism.

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 (0.0% 24h Δ)

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

@Cryp__toad is bullish on $NEON, predicting a significant rise in price with the expectation of big Ethereum dapps migrating to it. The same gem hunter is also hyping up $AGRS, citing its long-standing development and potential for innovation. Additionally, @Cryp__toad highlighted $LAKE as still being a micro cap with potential for growth and noted that $CROWN is finally getting the attention it deserves.

@CryptoDet_ mentioned owning owl, scrolly, and zorro but is not rushing into memecoins on chains without tokens, suggesting better entry points might come later. They also called out the copy-pasta nature of some discussions.

@CryptoKaduna is confident about the future of certain projects, although no specific tokens were mentioned in the tweets provided.

@ChadCaff simply equated $XALPA to alpha, suggesting it's a token to watch.

@ItsAverageJO shared info on $RWN, which boasts significant revenue from a partnership with a major solar distributor in the UK.

@TheEuroSniper is impressed with $ORDS, $RVST, and listed $IXS and $GB as top Real World Asset (RWA) positions. They also see potential in $SIN, with several upcoming catalysts, and are betting on $AIMBOT and $BANANA in anticipation of an on-chain boom.

@defi_antcrypto gave a shoutout to $IBIT, hinting at its promising outlook.

@KaminoCrypto pointed out the despair selling of $HILO as a good risk/reward investment opportunity and also mentioned taking a position in $RLB for a swing trade.

@anger_trading retweeted a sentiment about the importance of time in trading and investing. They also shared enthusiasm for the work and support surrounding $TPAD and hinted at potential growth for $WSKR.

@CryptoDamus411 didn't specify a token but shared a general sentiment about the importance of looking ahead and understanding market movements, particularly regarding SOL and ETH.

@BlocksNThoughts retweeted a bullish outlook on $METIS, suggesting it's on the verge of breaking into the top 100.

@QuantMeta mocked the common criticisms of the Ethereum ecosystem, implying its resilience and potential despite the skepticism.

@toptickcrypto reminisced about past narratives and hinted at the ongoing potential of certain plays, without specifying tokens.

@Govanisher expressed excitement for the future and hinted at bullish market conditions ahead, particularly with Bitcoin's movements.

@Crypto_Shaggy revealed $KREST as a previously gatekept alpha, now gaining more attention.

The emphasis among these gem hunters seems to be on tokens with upcoming catalysts, solid partnerships, and those positioned within growing sectors like Real World Assets and on-chain developments.

Mentioned Coins

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

Neon ($NEON ) | Solana Ecosystem

Agoras: Currency of Tau ($AGRS ) | Artificial Intelligence (AI)

Data Lake ($LAKE ) | Decentralized Science (DeSci)

Crown by Third Time Games ($CROWN ) | Animal Racing

Rowan Coin ($RWN ) | Energy

Ordiswap ($ORDS ) | Ethereum Ecosystem

Revest Finance ($RVST ) | Ethereum Ecosystem

IX Swap ($IXS ) | Poolz Finance Launchpad

Sinverse ($SIN ) | DWF Labs Portfolio

AimBot ($AIMBOT ) | Telegram Apps

ApeSwap ($BANANA ) | Decentralized Exchange (DEX)

InfinityBit Token ($IBIT ) | Ethereum Ecosystem

HILO ($HILO ) | Ethereum Ecosystem

Rollbit Coin ($RLB ) | Gambling

Wiskers ($WSKR ) | Ethereum Ecosystem

Metis ($METIS ) | DWF Labs Portfolio

Krest ($KREST ) | DePIN