🌊 Wave Wisdom - December 15th, 2023

DATA
Key Prices

BTC $42,779 (-1.07% 24h)

ETH $2,273 (-1.18% 24h)

SPY $472.5 (0.32% 24h)

DATA
Market Overview

Total Market Cap $1.62T (-0.61%)

Total Volume $68.84B (1.96%)

BTC Dominance 51.81% (-0.19%)

ETH Dominance 16.91% (-0.11%)

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 105.00% APY

USDC (USDC lending) on DeltaPrime with $4.49m TVL and 56.46% APY

DOLA-USDC on Aura with $4.31m TVL and 40.27% APY

MIM-ARBUSDCE-USDT on Beefy with $3.67m TVL and 40.23% APY

MKUSD-FRAX-USDC on Beefy with $3.56m TVL and 38.84% APY

USDPY on Toros with $2.19m TVL and 33.16% APY

USDT (MUX USDT - A) on Solv Funds with $2.17m TVL and 30.08% APY

USDC on HoldStation DeFutures with $1.89m TVL and 27.00% APY

USDC-STAR on Aura with $1.66m TVL and 22.87% APY

MKUSD-USDC (Prisma) on Beefy with $1.35m TVL and 20.50% APY

NEWS
News Snippets

Solana Saga phones sold out as they come with 30M BONK currently valued at $$840 and cost of the phone was only $599. At current prices, buyers got paid to get the Solana phone. Basically they sold fully refundable in-the-money BONK calls that come with a free $600 phone that may get future airdrops.

Trader Joe's rolling out this new thing called Merchant Moe, it's a DEX specifically cooked up for Mantle L2. They're tossing 7.5% of Merchant Moe’s fresh token stash to the JOE holders as an airdrop - source

The big brain behind Frax Finance is dropping some heavy hints about a possible airdrop tied to their Fraxchain - source

Redacted Cartel just unleashed DINERO, a stablecoin that's got its back covered by Ethereum blockspace. This Dinero Protocol is a mashup of ETH staking, block creation, and an RPC - source

Pendle's giving us a sneak peek at their Pendle V3 that's about to drop - source

NEWS
Talk of the Town

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

Security Breach Alert: A major security breach has hit the scene with a compromised Github library affecting several big names like Ledger and SushiSwap. Users were advised to halt transactions and secure their assets. All should be secure now.

Solana Mobile: Solana phone buyers got a sweet deal with $850 in BONK tokens included with phone purchase and there's talk of future airdrops for phone holders. The phones sold out over night.

AI's Rising Stars: Decentralized AI is crushing, merging AI tech with blockchain. Bittensor (TAO) is leading the charge, according to a Messari report. Keep an eye on this space; it's heating up faster than a GPU on a mining rig.

Airdrop Season: It's raining tokens with Project Points Programs becoming the new airdrop meta. Jito's points program on Solana is a prime example, rewarding early users handsomely.

If you're not airdrop hunting, you're leaving money on the table.

Market Moves: Bitcoin's been shaky, but altcoins like Solana and Avalanche are showing resilience. With NFT trading volumes on the rise and retail Bitcoin accumulation in play, the market's sending mixed signals. And with FASB's new crypto asset reporting rules coming in 2024, things are about to get real interesting.

Institutional Eyes: Coinbase is expanding its crypto trading services internationally, and institutions are first in line. This could be a big play for global exchange dominance.

That's the rundown. Keep your eyes peeled and wallets secure. For the full scoop, check out the sources below.

Linn's Ledger #124 The Daily Degen- December 14th, 2023 Narratives of the week : December 14 The crypto was hacked, lol. The crypto was hacked, dudes 🔎It's Airdrop Season 🪂 Crypto, Distilled #48

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: 72 (10.8% 24h Δ)

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

@Bluntz_Capital is feeling bullish, celebrating a breakout and eyeing the next few weeks with excitement, particularly for $AAVE.

@SalsaTekila sarcastically advises to close longs due to taxes, indicating a personal short position, but mixes humor with his trading talk.

@deltaxbt hints at DeFi coins grabbing the spotlight, suggesting a shift in market attention.

@CryptoParadyme sees a wild Solana summer ahead and notes $GBTC hitting the high of the year, while mocking Sam Bankman-Fried's current predicament.

@LomahCrypto is elated about the prospect of making 'life-changing dog money' again.

@Tradermayne is eyeing $BONK, a potential play on meme coins, and later humorously suggests taking his laptop to the club to trade during the bull market.

@CryptoKaleo is enthusiastic about the performance of $BONK and believes we are in a continuous upward trend, urging bears to stop waiting for dips.

@Pentosh1 offers sage advice to keep egos in check, acknowledging that the market will humble the overconfident.

Overall, ct traders are exhibiting a mix of bullishness, especially around certain assets like $AAVE, DeFi coins, and $BONK, with moments of sarcasm and cautionary wisdom regarding market ego.

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 (22.7% 24h Δ)

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

@Rationalape1 is hyped up about Binance listings suggesting that tokens like $MUBI, $BSSB, $WBRGE, $TRAC, and $ROUP are likely to be listed on Binance, potentially boosting their profiles and market caps. He's urging folks to get positioned before it's too late.

@ZheBrigadier is tracking the progress of $P3D from @3Dpass_official, noting its slow but steady climb.

@CryptoKaduna is asking around for any BRC20 tokens with an ERC20 counterpart that are still under a 5M market cap, indicating a search for undervalued assets. He also believes Coinbase might follow Binance's lead in listing more BRC20 tokens and warns that most will sell these tokens too early.

@defi_antcrypto is bullish on $MYBAGS, calling it the future of France. He also highlights $DEXTF from @DomaniProtocol as a hot topic at Deutsche Bank, suggesting significant potential.

He's also shouting out $HMX for its low fees and revenue share for stakers and liquidity providers, as well as listing a slew of bullish assets like $JTO, $TIA, $STX, $ORDI, $AVAX, $INJ, $DOT, $SEI, and $ATOM that are being considered for listing.

@ChadCaff is looking at $AVAX projects and suggests that $RPG might be the next to pump after $COQ.

@TheEuroSniper compares $BONK to the last cycle's $PEPE and points out $CUTE as a young chart with good odds.

@CryptoDamus411 is hinting at someone's keen interest in $MAP, and @BlocksNThoughts is celebrating $WOLF's new all-time high and its potential to keep soaring.

@anger_trading smells a casino season run with tokens like $MONKGG, $WIK, $CAESAR, and $CC.

@toptickcrypto observes fresh money entering the market, while @kevSandersonz dives deep into $LAI, comparing it to $OCEAN and $TRAC in terms of potential for data monetization in AI.

@CryptoDet_ and @defi_antcrypto are congratulating the @fwb_network_ team on their launch, and @CryptoDet_ is also puzzled by a 600% pump in his travai bag.

Lastly, @ChadCaff is seeking opinions on which high conviction token to hold throughout the bull market, while @defi_antcrypto teases the next UNIBOT as a potential 10x to 100x opportunity.

Mentioned Coins

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

Multibit ($MUBI) | Ethereum Ecosystem

OriginTrail ($TRAC) | Decentralized Science (DeSci)

Domani Protocol ($DEXTF) | Real World Assets (RWA)

Hermes DAO ($HMX) | Polkadot Ecosystem

Jito ($JTO) | Liquid Staking Governance Tokens