🌊 Wave Wisdom - December 13th, 2023

DATA
Key Prices

BTC $40,960 (-1.56% 24h)

ETH $2,171 (-1.65% 24h)

SPY $461.63 (0.46% 24h)

DATA
Market Overview

Total Market Cap $1.54T (-1.84%)

Total Volume $67.01B (-15.36%)

BTC Dominance 52.07% (0.2%)

ETH Dominance 16.94% (0.01%)

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

IDAI-IUSDC-IUSDT on Curve DEX with $5.04m TVL and 40.27% APY

DOLA-USDC on Aura with $4.29m TVL and 39.04% APY

MIM-ARBUSDCE-USDT on Beefy with $3.64m TVL and 34.70% APY

MKUSD-FRAX-USDC on Beefy with $3.24m TVL and 32.14% APY

USDC (Aggressive) on Vesper with $2.89m TVL and 27.29% APY

USDPY on Toros with $2.19m TVL and 25.90% APY

USDT-USDC on Joe V2.1 with $2.12m TVL and 25.49% APY

USDC on HoldStation DeFutures with $1.88m TVL and 24.14% APY

DAI (Clearpool) on Idle with $1.29m TVL and 21.57% APY

USDC on Moonwell with $1.1m TVL and 20.59% APY

NEWS
News Snippets

World’s first Bitcoin bonds receive regulatory approval in El Salvador - source

KuCoin to pay $22 million, exit NY market to resolve crypto suit: BBG

Core CPI y/y: 4.0% Core CPI m/m: 0.3%

NEWS
Talk of the Town

Diving into today's newsletters, let's get straight to the good stuff.

The Daily Degen's got the scoop on MUX Protocol, the '1inch of perps', raking in the volume and fees after snagging a cool 6M in ARB-incentives. Keep tabs on the top 50 blockchains showing some life—Osmosis, Kujira, Aptos, Linea, and Neutron. And for the love of gains, check out DefiSaver and others with at least $50M in TVL making moves.

Castle Chronicle's talking up WhatsApp's new crypto transfer links, LayerZero's $ZRO token, and Aevo's aeUSD vaults. They're also sniffing around IntentX protocol for airdrop farming—could be juicy. And if you're feeling ballsy, they're inviting folks to throw their hat in the ring for funding and advising projects.

So, keep your head on a swivel, watch those market moves, and as always, check the damn sources.

The Daily Degen Castle Chronicle

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 (10.0% 24h Δ)

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

@SalsaTekila expressed a bullish stance, forced into being long given his assessment of strong bids around the 40k area and a lack of offers up to 43k, expecting a possible rally if ETF narrative picks up again.

@CryptoKaleo remained neutral, calling out invalidation on a $PEPE scenario and cautioning against entering long positions until bullish momentum appears.

@TraderMagus laid out a BTC strategy based on various scenarios, with bullishness on an acceptance above 45 going to mid 50s and bearishness if it drops below 38, predicting death for altcoins in the latter case.

@Bluntz_Capital hinted at an impending bounce for $sol due to recent price action, while also acknowledging a potential lower high formation for $eth, showing short-term bullishness tempered with caution.

@LomahCrypto shared a bearish outlook through ditching perps for spot trading and alluding to the broader gamblers' nature of the market as the year ends.

@CryptoParadyme seemed to play both sides, referencing a possible 200W moving average for Solana and giving a mixed view on Bitcoin's direction predicated on ETF decision outcomes.

@Tradermayne was transparent about a losing trade and expecting a retest for $BTC around $43k, which alludes to some bullishness in the short term.

The overall sentiment from these ct traders over the past 24 hours shows a mix of caution, opportunistic bullishness, and a realistic acknowledgment of risks heading into the new year.

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 (-9.7% 24h Δ)

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

@ChadCaff is hyped about $FMC's AI tech that allows the creation of AI influencers across social platforms. The product is live, and he's an early-stage investor, signaling confidence in its growth potential.

@CryptoDamus411 added $ABT to his portfolio, praising ArcBlock_io's decentralized developer platform that leverages AI and LLM to streamline Dapp development. The low market cap and plug-and-play solutions like node running and deployment are key attractions.

@Cryp__toad is bullish on $NEON, predicting a future billion-plus market cap, while also suggesting that $BRGE and $WBRGE, with a live bridge and a unique security model, could follow in $MUBI's successful footsteps.

@CryptoKaduna hinted at a leaked alpha from $ALEX and expressed belief in its potential, holding it with conviction for a year. He also compares $INJ's potential to reach $ADA's old ATH, while $ADA aims for new heights this cycle.

@crypto_popseye and @Crypto_Shaggy are watching $UNIT closely, impressed by its numerous partnerships and progress as an all-in-one toolkit for traders, contrasting it with what $UNIBOT was expected to do.

@Cryp__toad also sees potential in $QUBIC, despite bad takes on its tokenomics, and is front running with confidence.

He's also eyeing $MOZ, noting smart money's interest.

@ZheBrigadier is focused on $STAMP, and @Govanisher is celebrating gains from $STAMP and $KEVIN, with SRC20 volume picking up.

@TheEuroSniper is super bullish on $GB, which combines real-world assets and base currency features, while @anger_trading is keeping an eye on $MONKGG for its upcoming cool features.

@BlocksNThoughts invested in $AIT's IDO, which sold out quickly, indicating high demand for their upcoming AI-focused products.

@ChadCaff is excited about $SEN's upcoming dApp launch, featuring LayerZero OFT integration, an audit, blue-chip collateral, and sophisticated features. He also mentions the on-chain trading platform $MAG, which is already deployed on multiple blockchains.

@CryptoDet_ and @BlocksNThoughts are discussing various tokens like $XCEPT and $WOLF, focusing on their technical analysis and community development aspects.

Finally, @defi_antcrypto is promoting $INJ's increased activity on Twitter, highlighting valuable airdrops and the potential for new tokens to provide significant returns.

In summary, $FMC, $ABT, $NEON, $BRGE, $WBRGE, $ALEX, $INJ, $UNIT, $QUBIC, $MOZ, $STAMP, $KEVIN, $GB, $MONKGG, $AIT, $SEN, and $MAG are the tokens that have caught the attention of crypto gem hunters, each with their own reasons ranging from technical innovation to community strength and market potential.

Mentioned Coins

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

Injective ($INJ) | Binance Launchpad

Katana Inu ($KATA) | Gaming (GameFi)

stoicDAO ($ZETA) | Ethereum Ecosystem

Revest Finance ($RVST) | Ethereum Ecosystem

Pendle ($PENDLE) | LSDFi

Inspect ($INSP) | Ethereum Ecosystem

ApeSwap ($BANANA) | Decentralized Exchange (DEX)

Sector ($SECT) | Arbitrum Ecosystem

Chainlink ($LINK) | Business Services

Celestia ($TIA) | Data Availability