🌊 Wave Wisdom - November 25th, 2023

DATA
Key Prices

BTC $37,660 (-0.21% 24h)

ETH $2,071 (-1.31% 24h)

SPY $455.07 (0.06% 24h)

DATA
Market Overview

Total Market Cap $1.43T (-0.28%)

Total Volume $47.51B (9.41%)

BTC Dominance 51.48% (0%)

ETH Dominance 17.41% (-0.19%)

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

USDC-USDT (0.05%) on Uniswap V3 with $8.44m TVL and 53.20% APY

GHO-USDC-USDT-DAI on Sommelier with $2.94m TVL and 40.78% APY

VST-FRAX on Frax with $2.2m TVL and 29.58% APY

USDPY on Toros with $1.72m TVL and 25.35% APY

USDC on HoldStation DeFutures with $1.24m TVL and 24.83% APY

USDC-USDT (0.008%) on KyberSwap Elastic with $1.08m TVL and 24.73% APY

FUSDC (For LP) on Pendle with $847,969 TVL and 22.41% APY

USDT on Iron Bank with $826,665 TVL and 21.97% APY

EUROPOOLLP on Angle with $745,362 TVL and 21.13% APY

USDT (Clearpool) on Idle with $685,916 TVL and 20.15% APY

NEWS
Talk of the Town

Let's break down today's newsletters and sift through the noise.

Revelo Intel's spotlight on Teleport, a decentralized ride-sharing service leveraging Solana's blockchain, is stirring up conversations. It's a bold move against giants like Uber and Lyft, aiming to cut fees and fatten drivers' wallets.

Meanwhile, Blast's layer-2 blockchain is raking in a cool $225 million in staked assets, and Binance's Changpeng Zhao is grounded in the U.S. until his February court date. CZ is facing a $4.3 billion slap on the wrist for playing fast and loose with sanctions and anti-money laundering laws.

Over at DL News, they're buzzing about a potential Bitcoin rally, with $4 billion in options expiring and over half of U.S. investors surveyed by Coinbase betting on a price surge in 2024. Binance's hefty fine is somehow twisted into a positive, signaling a traditional finance takeover with big dogs like BlackRock and Fidelity sniffing around the sector.

The Daily Degen is all about the green, with chains like Solana and Terra2 shooting up over 100% in TVL. They're also giving a nod to AI tokens and $BLUR's rise. Serenity's got the scoop on stablecoin yields, with Aerodrome and Pendle offering juicy returns.

They're also dishing out the dirt on Binance's CEO agreeing to a $50 million fine and stepping down, and Tether's record $225M freeze in illegal dough.

Now, let's talk about the prison yard. Sam Bankman's trading fish for haircuts and dishing out crypto tips to guards, while Do Kwon might be getting a one-way ticket from Montenegro to South Korea or the U.S. KyberSwap's hacker could pocket a cool $4.7 million if they return the stolen loot, and the Rabby vs. Metamask Twitter spat is popcorn-worthy.

Alpha Packed's headline is Do Kwon's extradition drama, but they're also tracking South Korea's digital currency pilot and the UK's tokenization green light. Sam Bankman-Fried's sharing a cell with some high-profile inmates, and Kyber's hacker is being tempted with a bounty.

So, if want more details, check out the sources: Revelo Intel, DL News, The Daily Degen, Serenity, and Alpha Packed.

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 (0.0% 24h Δ)

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

@cryptorooster_ signaled a bullish stance, pointing at $GMT's potential to break out of its current channel and highlighting the heat in the $SOL NFT market.

@Awawat_Trades maintained a bullish perspective, indicating dips should be bought with a longer-term view, while also jokingly referencing market movements during New Year celebrations.

@CryptoParadyme sarcastically commented on the market's sideways movement, suggesting a mega-range period before a potential upward trend.

@Tradermayne highlighted that the price is moving sideways, not upwards, but maintained a bullish market structure, encouraging hope for an uptrend as long as bullish patterns remain.

@RookieXBT shared a skeptical stance, mocking the inconsistent and seemingly clueless market responses, calling out others’ incorrect predictions, and expressing frustration over weak market movements.

@HsakaTrades gave a more measured outlook, pointing to the Loomdart saga while commenting on the drama surrounding a boxing event sponsored by crypto entities.

@CryptoKaleo expressed bearish sentiment regarding the overall market, suggesting that despite the bullish trend into Monthly resistance, there is a possibility of a market downturn and stressed his comfort with being contrarian.

@Pentosh1 showed careful optimism, noting the upward price movement in BLUR but also remaining alert for any signs of a market reversal or continuation patterns.

@Bluntz_Capital expressed a bullish sentiment on $GMT after observing trends in the STEPN ecosystem and the broader Solana market.

@RektProof shared a short success on an Ethereum trade and hinted at a possible future short setup, highlighting a cautious but active trading approach.

Overall, ct traders shared mixed sentiments with a lean towards bullishness on specific altcoins and cautious optimism for the market's direction, punctuated by concerns over market liquidity and price resistance points.

Each trader uniquely blended analysis with moments of sarcasm, reflecting diverse strategies and outlooks amidst a volatile trading 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: 85 (0.0% 24h Δ)

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

@resdegen is stoked about buying more $EMP post-migration to Ethereum, hinting at an expected rise after the EmpyrealSDK’s API opens up, signaling a solid bullish stance.

ShurikenTrade's stats have @CryptoDamus411 hyped for $BLADE, suggesting the dashboard's insights point to an epic future, encouraging followers to engage and reap rewards.

RocketX's announcement about their APIs going live caught the attention of both @defi_antcrypto and @CryptoDamus411, who are bullish on $RVF due to anticipated integrations and trading volume spikes.

@marwolwarl reminisced about $QNT's previous success and speculated a similar run for undervalued gems like $KAS & $QUBIC, given their recent performances and despite the lazy efforts from traders to OTC them.

@Cryptoforceplay sparked excitement about a 5% drop chance of 1 million COF, teasing traders with potential high-yield rewards for battling the new demon.

The health of corrections in uptrends was noted by an enthusiast who remains long-term bullish on $TAO, scrolling past FUD and noise, advocating for not trading but holding gold.

Several tokens were mentioned by multiple users, including $TAO, $RVF, and $QUBIC, with commentary ranging from price action to platform updates, and each offered a compelling case for attention from sophisticated investors.

In the end, most hunters seem to be positioning themselves for an upcoming bull run, banking on potential gems to provide substantial returns, while others like @CryptoDamus411 lambasted lazy traders who miss out due to their reluctance to adopt less conventional trading methods.

They allude to a shared sentiment: there's no room to be sidelined with upcoming surges—all hands need to be on deck and ready to seize opportunities.

Mentioned Coins

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

Dubbz ($DUBBZ) | Polygon Ecosystem

Carbify ($CBY) | Gaming (GameFi)

Empowa ($EMP) | Cardano Ecosystem

BladeWarrior ($BLADE) | Gaming (GameFi)

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

Quant ($QNT) | Protocol

Kaspa ($KAS) | Layer 1 (L1)

Qubic Network ($QUBIC) |

Bittensor ($TAO) | Artificial Intelligence (AI)