🌊 Wave Wisdom - December 14th, 2023

DATA
Key Prices

BTC $43,199 (5.47% 24h)

ETH $2,300 (5.95% 24h)

SPY $464.49 (1.38% 24h)

DATA
Market Overview

Total Market Cap $1.63T (5.61%)

Total Volume $67.51B (0.75%)

BTC Dominance 52% (-0.08%)

ETH Dominance 17.02% (0.08%)

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 180.00% APY

DOLA-USDC on Aura with $4.32m TVL and 40.94% APY

MIM-ARBUSDCE-USDT (... on Beefy with $3.65m TVL and 40.27% APY

MKUSD-FRAX-USDC (Pr... on Beefy with $3.56m TVL and 35.35% APY

USDC on HoldStation DeFutures with $1.89m TVL and 30.70% APY

DAI (Clearpool Port... on Idle with $1.29m TVL and 25.60% APY

MKUSD-USDC (Prisma) on Beefy with $1.28m TVL and 24.66% APY

USDC.E-USDC on Joe V2.1 with $1.1m TVL and 23.28% APY

USDT (Clearpool Fas... on Idle with $643,940 TVL and 22.23% APY

CEUR-AGEUR-EUROC on Convex Finance with $585,374 TVL and 20.92% APY

NEWS
News Snippets

Three Arrows’ Su Zhu probed in Singapore court as liquidators step up hunt for assets - source

Coinbase to offer spot crypto trading outside US in global expansion - source

First US crypto accounting rules to capture token highs, lows - source

FED: no changes in rates. - source

SEC delays Invesco & Galaxy spot Ethereum ETF - source

U.S. CFTC approves Bitcoin Futures platform Bitnomial's Derivatives Clearing application - source

Invesco & Galaxy filed an updated version of its spot Bitcoin ETF s-1 application - source

Bitwise Bitcoin ETF added to the DTCC website - source

NEWS
Talk of the Town

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

First off, the big talk of the town is the Federal Reserve's decision to keep interest rates steady at 5.25% - 5.50%, which could have some interesting implications for the market.

Coinbase is stepping up its game with Project Diamond, aiming to draw in more institutional investors with a user-friendly platform. Meanwhile, WhatsApp's rolling out crypto transfers, and LayerZero Labs has confirmed their $ZRO token, stirring up some buzz.

On the NFT front, Trump's collection is raising eyebrows, not just for the dinner invite but also for the transfer restrictions slapped on them until December 2024. Polygon's making moves too, collaborating with L2 devs, and LINE's NFT project has bagged a cool $140 million.

In the DeFi realm, MUX Protocol is killing it with high volumes and revenue, thanks to a 6M ARB-incentive from Arbitrum's STIP campaign.

They're being called the '1inch of perps' for their liquidity aggregation prowess. And let's not forget the airdrop farming scene, which is heating up, especially in the Solana ecosystem.

Security-wise, keep an eye out for alerts from PeckShieldAlert and always scrutinize those stablecoin yields before diving in.

Lastly, the newsletters are dropping some serious alpha on smart money in/outflows, with significant outflows from tokens like PEAS and inflows into BEAM. On-chain activity is a hot topic, tracked by OnChainWizard, and there's a notable interest in Real World Assets and AI tokens.

So, if you're looking to stay ahead of the curve, keep an eye on these developments and always do your own research. Check out the sources for all the juicy details: The Daily Degen, Castle Chronicle, and Getmoni Talks

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 (18.2% 24h Δ)

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

@Etherean007 seems bullish, highlighting that $LINK is positioned to climb, showing excitement for a public sale, and noting $RNDR's strong performance.

@deltaxbt underscores the importance of patience in trading and the pitfalls of greed and FOMO while admitting personal challenges with comparison to others on CT, and humorously shares watching a moose butchering guide.

@RunnerXBT criticizes traders who frequently change their bias because of single candle movements, hints at a potential BTC ETF approval, and advocates that there are many ways to profit in the market, disparaging the "permabear macro doomer retard" mentality.

@Bluntz_Capital, having cut leverage positions ahead of Christmas, signals cautiousness around current reactions of $ETH and $BTC at channel highs, suggestive of a potential bearish setup.

@crypto_iso is positioning for a rebound he describes as a "mean reversion hockey stick pattern," while buying dips believes an upward break is imminent.

@CryptoParadyme observes that a "generational trade" pattern on $QQQ may counter bearish macro bias, signals a similar setup on $SOL, and comments on sideways market movements hinting at upcoming increases.

@Tradermayne highlights Dow Jones hitting a new all-time high and reflects on the thought process of macro doomers given the current state of equities and BTC.

@trader1sz anticipates messiness in $EURJPY and expects $XAVA to hit its marked range levels if $AVAX and BTC maintain their upward trajectory.

@SalsaTekila humorously addresses counter-trading his ideas and resolves to never short again after a recent loss, showcasing a light-hearted approach to his misstep.

@CryptoKaleo predicts a forthcoming breakout for $TSLA after a period of accumulation and recognizes a "Santa Rally" with the S&P 500 nearing new highs.

@TraderKoz is optimistic about $INJ's performance, shrugging off the dip, and announces a partnership on a personal endorsement level.

The ct traders exhibit a mix of perspectives with several hinting at bullish sentiment and cautioning against quick bearish reactions, while others have taken a more neutral or humoristic approach amidst market movement anticipation.

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 (15.4% 24h Δ)

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

@Cryp__toad is bullish on $QUBIC, citing it as a potential big winner, and also highlights $OLAS and $KUJI for respecting the recent pump. They also mention $IXS, noting Coinbase's investment for their institutional clients and its partnerships with major banks as a solution for liquidity in real-world assets (RWAs).

@defi_antcrypto is eyeing $MCC and shares excitement over the $FWB TGE, indicating a focus on these tokens. They also reference a successful position in $MUBI and express interest in setting up dollar-cost averaging (DCA) strategies for certain coins in anticipation of an ETF sell-the-news event, with a nod to $PINT.

@TheEuroSniper and @IndianaAltzz both signal interest in $VAULT and $GB respectively, with IndianaAltzz emphasizing the growing significance of RWAs in light of recent developments involving JPMorgan and Barclays.

@Rationalape1 draws attention to $wBRGE as a multichain bridge for BRC, suggesting it's an opportunity not to be missed, especially if you missed out on $MUBI.

@KaminoCrypto reflects on the past performance of $KUJI and suggests patience with $HERA, while also showing confidence in $CROWN with a mention of PFPs and horses.

@Crypto_Shaggy, @anger_trading, and @CryptoKaduna highlight $DEXTF, with CryptoKaduna also celebrating an all-time high portfolio and Crypto_Shaggy teasing about loading up on $KREST.

@ChadCaff's tweet implies a strategy of aping into projects first and asking questions later, reinforcing the high-risk, high-reward nature of crypto gem hunting.

@0xFalcs, @CryptoDet_, and @Crypto_L00n don't specify tokens but share resources and thoughts on the market, while @Govanisher expresses gratitude for the success of the GH DAO.

@0xGabbens is curious about $HACKER and mentions a potential $GROK killer, $GLITCH, indicating a speculative interest in these tokens.

@BlocksNThoughts shares optimism about $MIND and $WOLF, noting the latter's strong community and development activity.

@thedefivillain, @toptickcrypto, and @kevSandersonz provide commentary on market narratives and specific tokens like $LAI, which is linked to AI and data management.

@Crypto_Shaggy also mentions a one-month anniversary of the $MUBI call, and @CryptoKaduna celebrates the performance of $INJ.

In summary, the mentioned tokens with notable emphasis from multiple gem hunters are $QUBIC, $OLAS, $KUJI, $IXS, $MCC, $FWB, $wBRGE, $GB, $DEXTF, $KREST, $HACKER, $GLITCH, $MIND, $WOLF, and $LAI. The gem hunters are particularly focused on the potential of RWAs and the growth of AI-related tokens.

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