🌊 Wave Wisdom - November 30th, 2023

DATA
Key Prices

BTC $37,906 (-0.62% 24h)

ETH $2,045 (-0.45% 24h)

SPY $457.15 (-0.07% 24h)

DATA
Market Overview

Total Market Cap $1.43T (-0.41%)

Total Volume $46.09B (-16.43%)

BTC Dominance 51.97% (-0.1%)

ETH Dominance 17.24% (0%)

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

DOLA-USDC on Aura with $5.62m TVL and 41.07% APY

VST-FRAX on Frax with $2.26m TVL and 34.47% APY

USDC-STAR on Aura with $1.88m TVL and 31.04% APY

USDPY on Toros with $1.74m TVL and 28.54% APY

USDC on HoldStation DeFutures with $1.23m TVL and 27.61% APY

USDT on Iron Bank with $753,420 TVL and 25.98% APY

USDT (Clearpool) on Idle with $680,549 TVL and 25.87% APY

DOLA-USDC (Aura) on Beefy with $533,613 TVL and 23.24% APY

BUSD-USDT (0.05%) on Uniswap V3 with $490,154 TVL and 22.37% APY

GRAI-USDC (0.05%) on Liquis with $302,000 TVL and 20.37% APY

NEWS
News Snippets

Philippines' SEC to block access to world's largest crypto exchange Binance - source

Wormhole raises $225 million at a $2.5 billion valuation, finalizing split from Jump Crypto amid firm’s recent pullback - source

US Treasury seeks expanded sanctions powers in digital space - source

Pando Asset files S-1 form with SEC for spot Bitcoin ETF | sec - source

NEWS
Talk of the Town

Let's break down today's newsletters, folks. We're seeing some serious moves in the space, and I'm here to cut through the bullshit and give you the meat of it.

First up, Blast, the new L2 chain, is making waves with its half a billion in deposits. It's not just another L2; it's an Ethereum optimistic rollup with a twist—native yield; thanks to Lido and MakerDAO's DSR. You deposit, you earn points, and if you're a whale, you're possibly looking at a fat airdrop come summer 2024.

However, there are whispers of governance issues and locked deposits until upgrades roll out. Even Paradigm, the big-shot backer, isn't thrilled with Blast's marketing. Keep an eye on this one; it's either going to be a home run or a strikeout.

Moving on, Celsius is finally letting folks withdraw 72.5% of their claims after the whole bankruptcy saga. It's a big deal for the 58,300 users with $210 million on the line.

And while we're on the topic of money, the US GDP is looking up with a 5.2% bump in the third quarter. Amazon's also throwing its hat in the AI ring with a new assistant for businesses.

In the token world, we've got unlocks happening left and right—Sui, Optimism, dYdX, you name it. And funding news? Wormhole bagged $225M, and Coinchange scooped up a cool $10M.

Lastly, the Humble Farmer's Digest is all about that digital agriculture. They're talking about the same Blast that's got everyone buzzing, the shaky bridge tokens, and Circle’s Cross Chain Transfer Protocol, which could be a game-changer for bridging protocols.

So, there you have it. Check the sources if you want to dive deeper into the rabbit hole.

Sources:

Wajahat Mughal's Newsletter

Alpha Packed News

Humble Farmer's Digest

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: 55 (-26.7% 24h Δ)

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

@SalsaTekila indicated a bullish stance, suggesting people will regret their bearish positions when BTC climbs, mocking those always looking to short and advising to start positions on the bid to make money.

@Pool2Paulie provided a skeptical view of the current market, comparing minor pumps in NFT collections to "a Monday morning in a bull market," implying the current enthusiasm is nothing special.

@RunnerXBT expressed frustration with the volatility in BTC open interest and alluded to the exhaustion from leveraged speculation regarding ETF outcomes, suggesting a dry sentiment in the market.

@Tradermayne announced @BreakoutProp, describing it as a prop firm meant for serious traders, emphasizing the blend of crypto and traditional trading, and expecting experienced traders to engage with the platform.

Etherean007 mentioned placing bids on "corn" (Bitcoin) and hinted at cutting positions if things don't pan out, expressing a cautionary tone while also reflecting on a tumultuous but ultimately successful trading experience this year.

Other ct traders shared various thoughts: @deltaxbt asked about positioning and celebrated health-focused efforts, @Etherean007 advocated for a shift from DeGods to Mad Lads, and @CryptoKaleo greeted the "bulls," hinting at positive sentiment or poking fun at the time zone misalignments affecting his schedule.

In conclusion, the past 24 hours saw an assortment of bullish signals, cautious optimism, and reflective strategies among ct traders, with undercurrents of frustration regarding overleveraged speculation and the unpredictability of market movements.

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: 92 (41.5% 24h Δ)

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

@CryptoDamus411 highlighted $DINERO's fast recovery from a dip, suggesting that all-time highs are looming due to the team's efforts. Another mention of $DINERO came when a whale reportedly sold 38k worth, which could potentially indicate a good entry point.

They doubled down, affirming faith in $EMP's potential for a significant rise in value and projected $100 per $EMP by the end of the year and $1,000 per $EMP by the end of 2024. On a separate note, they pushed $MUBI as a decent asset to load upon.

@Crypt0_Andrew shared excitement about an ARB grant secured by $GMX_IO, hinting at a positive impact on the USDC lending pool. They also provided a detailed analysis of how to play narratives in the market, using $UNIBOT as an example.

@KaminoCrypto and @CryptoKaduna both endorsed $BSSB, the first stablecoin on Bitcoin, citing its low market cap and fully diluted value as attractive for investment.

@CryptoKaduna expressed interest in $KAS, $INJ, and $TAO, calling for higher investment targets than a mere 10x. They were also bullish about the potential 20x-30x increase for the long term and critical of settling for short term 5x-10x gains like those potentially offered by safer plays like $SOL.

They later promoted $TRADE, anticipating significant growth and explained why set and forget strategies might outperform active trading in the current bull market. Emphasizing the importance of holding with high conviction was a common theme in their advice to followers.

@Cryp__toad deemed the CEO of $CROWN to be impressive, insisting not to bet against him and indicated an influx of 45k USD into $QUBIC to aid in testing its decentralized algo-stable platform.

@V2Chenz underlined the intriguing potential of $SECT and the advancements by @Uranium3o8 in addressing inefficiencies in the uranium market. They also discussed the scarcity of uranium and its relevance to energy demands, showing particular enthusiasm for $U as an investment due to its role in nuclear power.

Additionally, they praised @AimedisGlobal, with a market valuation they believe should be in the hundreds of millions, highlighting $AIMX as an overlooked gem.

@ItsAverageJO and @TheEuroSniper noted new highs for $DINERO, focusing on the potential growth opportunities it presents.

@Crypto_L00n emphasized the buying activity into $EMP, setting high targets for the token's price by the end of 2024, while @ChadCaff discussed the leverage and yield opportunities of ETH staked on @SenecaUSD.

@Govanisher emphasized the shift from a bear to a bull market strategy, advising to adapt promptly for optimal performance.

@anger_trading and @Rancune_eth discussed ongoing interest around $MONKGG, a GambleFi project with a strong team and promising PvP gaming potential.

Lastly, numerous gem hunters were avid about various coins including $INJ, $GNC, $EMP, $BLOCK, and $U, each with their own positive fundamentals and market expectations. The common emphasis across all these mentions was the remarkable potential for growth, positive development updates, and strategic market positioning that these tokens have.

Mentioned Coins

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

Dinerobet ($DINERO) | Ethereum Ecosystem

Empowa ($EMP) | Cardano Ecosystem

Multibit ($MUBI) | Ethereum Ecosystem

Arbitrum ($ARB) | Arbitrum Ecosystem

Unibot ($UNIBOT) | Telegram Apps

Kaspa ($KAS) | Layer 1 (L1)

Injective ($INJ) | Binance Launchpad

Bittensor ($TAO) | Artificial Intelligence (AI)

Solana ($SOL) | Layer 1 (L1)

ALPHA
New Governance Proposals

Sometimes these are pure alpha 👀

Executive Proposal: Nov. 30, 2023 by MakerDAO is in Active Vote | Medium Importance | Posted 5 hours ago

Ethereum V3 WETH Interest Rate Curve Recommendations (Nov. 29, 2023) by Compound DAO is in Preliminary Discussion | Medium Importance | Posted 13 hours ago

Tally x Lido DAO Research Grant by Lido DAO is in Preliminary Discussion | Medium Importance | Posted 14 hours ago

Liquidity Bootstrapping Program (HIP 6) by Hifi Finance DAO is in Preliminary Discussion | Medium Importance | Posted 14 hours ago