🌊 Wave Wisdom - November 21st, 2023

DATA
Key Prices

BTC $37,187 (0.02% 24h)

ETH $2,005 (-1.06% 24h)

SPY $450.53 (0.77% 24h)

DATA
Market Overview

Total Market Cap $1.41T (-0.7%)

Total Volume $53.31B (22.47%)

BTC Dominance 51.61% (0.37%)

ETH Dominance 17.11% (-0.07%)

DATA
Chain TVL

DATA
Protocol/Chain Fees (24h)

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

USDT on Thorchain with $6.86m TVL and 59.55% APY

DOLA-USDC on Aura with $6.19m TVL and 32.81% APY

VST-FRAX on Frax with $2.03m TVL and 26.25% APY

USDPY on Toros with $1.36m TVL and 25.45% APY

USDC-STAR on Aura with $1.31m TVL and 24.85% APY

USDC on HoldStation DeFutures with $1.22m TVL and 23.31% APY

PUSD-FRAXBP on Curve DEX with $1.14m TVL and 21.60% APY

USDT-USDC (0.008%) on KyberSwap Elastic with $1.12m TVL and 21.60% APY

USDT on Iron Bank with $825,344 TVL and 20.27% APY

EUROPOOLLP on Angle with $717,168 TVL and 20.27% APY

NEWS
At a Glance

That old Wall Street suit who used to run the NYSE just snapped up CoinDesk, the crypto news hub, in a power move that's got everyone talking - source

Tether's gone all vigilante on us, freezing a cool 225 mil of stolen USDT tied to some global crime ring, no shit - source

Hey, get this, 21Shares and ARK are shaking things up with their Bitcoin ETF spot filing, and they're slapping on an 80bps fee, cheeky buggers - source

Well, ain't this a kick in the teeth, Uncle Sam's got his grubby mitts out for a cool $4 billion from Binance to put the kibosh on their criminal case, according to BBG - source

NEWS
Airdrop Actions

So, dude, the Pyth airdrop is up and running, and it's like a goddamn money shower. Over 90K wallets can grab their share until Feb 18th, 2024. It's like Christmas came early, man.

Next up, Alpha Insiders are talking up the Hinkal protocol in their latest thread. Worth a look.

And last but not least, Alpha Drops are hyping up the Maverick Liquid Staking / veMAV Airdrop in their latest thread. If you're not on this, you're missing out.

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: 49 (-22.2% 24h Δ)

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

@Trader_XO suggests that after an unsuccessful market strategy, it's time to move on, using humor to brush off the setback. They also note big potential moves in yen currency pairs, hinting at a bullish stance on those markets.

@CryptoCred hints at bearishness for $MATIC's Bitcoin pair, advising to expect lower prices unless it breaks above certain levels, indicating a downward market direction.

@Trader_XO mentions taking profit on $MATIC, hinting that the market might have topped out for now, showing a short-term bearish view.

@TraderKoz notes that he believes the market will range into January, pointing to factors like ETF approval odds and end-of-year activities, suggesting a neutral to slightly bearish market sentiment.

@Hsaka comments on past Thanksgiving weekend sell-offs as a historical pattern, however, remains optimistic by implying any dips should be bought, showing a long-term bullish outlook.

@CryptoISO shares a personal investment decision on $OX after big market down days, expressing confidence in a future positive turnaround, a bullish stance.

@Pentoshi reflects on recent airdrop events and seems bearish on $BLUR resuming a downward trend.

@K_A_L_E_O suggests taking some profits while leaving a position open for a potential 'Santa rally,' indicating some short-term bullish expectations.

Multiple traders mention regulatory challenges and overall market unpredictability, with a mix of humor and concern, showing an awareness of risks in the current market environment.

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: 65 (0.0% 24h Δ)

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

@____ProfessorX believes that $RVST has numerous upcoming catalysts and feels it's poised for growth, while also bullish on $NEON, predicting a significant price increase pending Solana's stability. The gem hunter notes $RVF's development as one of the best cross-chain DEX aggregators, citing continuous work on partnerships, integrations, and grants as positive indicators.

@SmarDex mentions a new partnership with @KyberNetwork, integrating SmarDex on their platform, which is seen as a significant step forward.

@Crypto_Blinder1 is focusing on $TOOLS, a SaaService platform with a relatively low market cap, expecting noticeable growth.

@OpCryptoUK discusses $GENE, pointing out the token’s buying activity and the potential for its next price leg up.

@AQTIS_IO teases a packed Q1-2024 for $AQTIS, listing multiple milestones including the launch of their dApp, AI development, and a focus on privacy features.

@BlocksNThoughts introduces $RKR (Reaktor Token), tying its utility to PC gaming and free distribution of applications.

Finally, @ChadCaff draws attention towards $MAGNET, outlining the project's potential for handling big money through a variety of revenue streams, including platform fees and tax revenue, with a roadmap filled with yield-generating features.

Mentioned Coins

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

Revest Finance ($RVST) | Ethereum Ecosystem

Neon ($NEON) | Solana Ecosystem

RocketX exchange ($RVF) | Decentralized Finance (DeFi)

AirTor Protocol ($ATOR) | Privacy Coins

Blocktools ($TOOLS) | Ethereum Ecosystem

Gene ($GENE) | Ethereum Ecosystem

AQTIS ($AQTIS) | Ethereum Ecosystem

Yield Magnet ($MAGNET) | Ethereum Ecosystem