🌊 Wave Wisdom - January 25th, 2024

DATA
Key Prices

BTC $40,147 (-0.07% 24h)

ETH $2,230 (-0.58% 24h)

SPY $487.81 (0.11% 24h)

DATA
Market Overview

Total Market Cap $1.56T (-0.16%)

Total Volume $48.43B (-25.09%)

BTC Dominance 50.44% (0.04%)

ETH Dominance 17.17% (-0.07%)

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

JUSDC (1day lock) on Jones DAO with $11.13m TVL and 222.00% APY

MKUSD-USDC (Prisma) on Beefy with $7.19m TVL and 61.55% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.58m TVL and 46.66% APY

USDC-USD+ on Aerodrome with $3.66m TVL and 45.23% APY

MIM-ARBUSDCE-USDT (... on Beefy with $3.12m TVL and 36.42% APY

DOLA-USDC on Aura with $3.06m TVL and 35.65% APY

EUSD-USDC on Aerodrome with $2.9m TVL and 33.96% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.64m TVL and 33.89% APY

USDC-MAI on Aerodrome with $2.33m TVL and 31.33% APY

USDC on HoldStation DeFutures with $2.25m TVL and 26.13% APY

NEWS
Talk of the Town

Diving into today's newsletters, let's sift through the fluff and get straight to the heat.

Starting with Linn's Leverage, they're dangling some juicy bits about the Ethereum Foundation's ETH sale and the Celsius saga but are holding back on the details – classic tease. They're rallying the troops to back Tornado Cash devs, hinting at some legal drama in the community. Grayscale Bitcoin Trust (GBTC) gets a nod for selling like mad men. DeFi's getting some love with shoutouts to OATH Foundation and their projects like ethos.finance and Reaper.Farm. RabbitX.io's getting applause for its gasless leveraged trading, and Thena's cozying up with Byte Masons for some BNB Chain action.

The Daily Degen's betting big on 'Airdrop Meta' for 2024, dropping names like Phantom, Rainbow, and MetaMask as potential airdrop players. They're pushing their referral links hard – no surprise there. They're also eyeing up TVL movers with Sui and Mantle on the radar, and they're waving the red flag on scams, so watch your back.

The Humble Farmer's Digest is all about Solana's NFT game, thanks to Metaplex. They're hyping up restaking narratives with Eigenlayer's launch in the crosshairs, spotlighting Picasso Network and SSV Network among others.

They've got a laundry list of projects to watch, like Isekai Money and Anzen Protocol, but they're keeping the details close to the chest.

Over at Daily Crypto News, they're reminiscing about the first Mac and drawing parallels to the crypto hustle. They're dropping hints about Andre Cronje's comeback tour and teasing potential airdrops from Aevo and Magic Eden. Arcade's $5 million funding round is getting some airtime, and they're nudging you to keep an eye on their Twitter for investment cues.

Lastly, HFA's announcing a price hike for their Premium subscriptions but promising to lock in current rates for early birds. They're selling their research as top-shelf, unbiased, and honest, with a community vibe in their Discord and Telegram groups.

So, if you want the full scoop on these stories, you know where to look. Check the sources:

Linn's Leverage #274 The Daily Degen- January 24th, 2024 The Humble Farmer's Digest 1/24 Daily Crypto News Edition #899 – Jan 24, 2024 Announcing Price Increases for HFA Premium

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: 58 (-19.4% 24h Δ)

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

@SalsaTekila hinted to his followers not to short with upcoming liquidity changes.

@Etherean007 expressed frustration with "bullshit coins" leading to losses and announced a partnership with Metaplex for a new DAO coin on Ethereum.

@Awawat_Trades noted the resistance at the $40k level and seems tired of the price capping action.

@RookieXBT confidently affirmed his self-worth with a look in the mirror.

@RunnerXBT sarcastically commented on the long-awaited "INEVITABLE FED PIVOT" for his descendants' sake.

@CryptoParadyme shared news about Tesla not selling any Bitcoin in Q4 2023, indicating a bullish outlook on holding crypto assets.

@LomahCrypto mentioned he is treating dips as an opportunity within an overall uptrend, disclosing his engagement around the $38,000 levels and hoping for a temporary low.

@crypto_iso expressed contemplation on the crypto memes' future and commented on the inherent "dirtiness" of the crypto sandbox.

@trader1sz suggested playing level to level on $BTC, hinting at a bear flag possibility, but remains prepared rather than surprised.

@Pool2Paulie reflected on how price points below the $40k mark could change the market narrative, suggesting an optimistic turnaround for Bitcoin.

@CryptoKaleo, amidst the down market, transitioned to discussing food, sharing a meal he enjoyed.

This snapshot of sentiments indicates a mix of cautious optimism, tempered expectations, and a focus on seizing opportunities within current market conditions.

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 (2.7% 24h Δ)

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

@IndianaAltzz is bullish on @Balance_AI, noting the team's stealthy build-up since 2021, pre-dating the AI hype in the crypto space. They believe the project's early development is a strong sign of its potential.

@CryptoKaduna is probing for price targets on $INJ, suggesting it might be a token to watch. They also hint at $TAO potentially hitting a new all-time high soon, with increasing volume as a positive indicator.

@TheEuroSniper sniped a BRC20 launch with $ODGN, highlighting its cross-chain swaps and aggregator to supply $ETH EVM liquidity. They're also holding $AGRS and $SOUTH AI, with $AGRS being a decade-long hold due to its AI project status and $SOUTH AI showing a promising consolidation pattern.

@0xdetweiler is sticking with @0LNetwork, a community-run blockchain with no VCs, hinting at its potential with consistent trading volume.

@Cryp__toad is calling $LAKE one of the clear winners and is bullish on $AGRS, with backing from Nvidia. They also mention $SOL's positive impact on $NEON and anticipate Aave integration.

@Govanisher emphasizes the importance of on-chain analysis to block out noise and manipulation, and they're eyeing $CAD as undervalued with a low circulating market cap.

@defi_antcrypto retweeted warnings about the SPIDER hack and shared thoughts on the FUD around $BAI / $wBAI, waiting on the team's developments.

@BlocksNThoughts shares concerns about the reputational damage from unverified accusations in the crypto space, urging patience for verified information.

@ChadCaff is advocating for privacy in crypto with @illuminexswap $IX, which offers opt-in privacy features.

@QuantMeta has high conviction in the AI sector for this year and believes that AI agents, combined with technologies like $LINK oracles and zk-proofs, could be disruptive. They also see potential in smaller protocols leveraging AI and in alt L1s like $SOL due to computational needs.

@thedefivillain is watching the launch of $ALT by @alt_layer closely, noting its restaking and modularity narrative.

@CryptoKaduna also suggests that new projects on @Injective_ should consider airdrops to $INJ stakers as a marketing strategy.

Remember, this is not financial advice, and always do your own research.

Mentioned Coins

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

Injective ($INJ ) | Binance Launchpad

Bittensor ($TAO ) | Artificial Intelligence (AI)

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

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

DeepSouth AI ($SOUTH ) | Ethereum Ecosystem

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

Solana ($SOL ) | FTX Holdings

Neon ($NEON ) | Solana Ecosystem

Cadence Protocol ($CAD ) | Canto Ecosystem

BAI Stablecoin ($BAI ) |

Chainlink ($LINK ) | Osmosis Ecosystem

Alitas ($ALT ) |

SELL THE TOP
Coinbase App Store Ranking

When this hits #1 the top may be in. Until then, we grind.

Overall Ranking

#475 (-4.62% 24h Δ)

Finance Category

#40 (-21.21% 24h Δ)