🌊 Wave Wisdom - December 16th, 2023

DATA
Key Prices

BTC $42,280 (-1.17% 24h)

ETH $2,252 (-0.91% 24h)

SPY $469.49 (-0.57% 24h)

DATA
Market Overview

Total Market Cap $1.60T (-0.74%)

Total Volume $54.29B (-21.1%)

BTC Dominance 51.59% (-0.22%)

ETH Dominance 16.86% (-0.04%)

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 85.11% APY

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

MIM-ARBUSDCE-USDT on Beefy with $3.84m TVL and 39.54% APY

MKUSD-FRAX-USDC on Beefy with $3.56m TVL and 37.74% APY

DAI-USDT (0.01%) on Uniswap V3 with $2.74m TVL and 37.71% APY

USDT (MUX USDT - A) on Solv Funds with $2.17m TVL and 34.17% APY

USDC on AAVE V3 with $2.1m TVL and 29.90% APY

USDT (USDt lending) on DeltaPrime with $1.9m TVL and 23.51% APY

USDC (Clearpool) on Idle with $1.72m TVL and 22.69% APY

USDC-STAR on Aura with $1.66m TVL and 21.47% APY

NEWS
News Snippets

SEC denies petition for rulemaking filed on behalf of Coinbase - [source](https://www.sec.gov/news/statement/gensler-coinbase-petition-121523)

NEWS
Talk of the Town

Diving into today's newsletters, we're seeing a blend of project updates, market reactions, and strategic moves. Let's unpack the highlights.

Starting with Arbitrum, the ecosystem's unsung heroes are getting some overdue recognition. Castle's newsletter spotlights protocols like Rage Trade and Dolomite, which have been innovating without $ARB token incentives. Rage Trade's "recycled liquidity" and Dolomite's overcollateralized loans are just a couple of examples of the creativity brewing on Arbitrum. Shell Protocol's evolving AMM engine and Socket.Tech's interoperability solutions are also ones to watch.

On the NFT front, 1155.tech is shaking things up on Canto with a bonding curve mechanism for minting NFTs, aligning incentives for creators, key holders, and developers. This could be a game-changer for NFT distribution and the broader Neofinance ecosystem.

In the realm of airdrops, the Avalanche ecosystem is abuzz with opportunities. Hubble Exchange, CavalRe, and Struct Finance are just a few names dropping tokens to their communities. Blocmates' newsletter suggests keeping an eye on these for some potential "free money."

Meanwhile, the Federal Reserve's dovish stance hints at a bullish end to the year, with the dollar potentially peaking.

This could spell good news for risk assets, as noted by blocmates. And with central banks now allowed to hold a slice of their reserves in cryptocurrencies, we could be on the cusp of a significant shift.

As for the DeFi sector, Redacted Cartel, Vertex, Florence Finance, and Injective are making moves with token launches and partnerships. It's a reminder that the DeFi space is constantly evolving, and staying informed is key.

For those looking to keep their finger on the pulse, following the right Twitter accounts can provide a wealth of information. Crypto Narratives' newsletter compiles a list of tweets and insights that could enhance your market understanding.

Remember, these are just the highlights. For the full scoop, check out the sources below:

• Castle

• Humble Farmer Army Newsletter

• Blocmates

• Crypto Narratives

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: 58 (-19.4% 24h Δ)

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

@RookieXBT essentially brushed off any criticism towards traders' decisions, pointing out the insanity in both holding and selling meme coins at high profits. The take is neutral, highlighting the unpredictability of the market.

@RunnerXBT gave a short and bullish nod, suggesting the market is still pushing upwards with little elaboration.

@Bluntz_Capital showed enthusiasm for Solana NFTs, in particular the SMBs, indicating a bullish sentiment about their long-term potential. He's bullish on the trade and prepping for significant gains.

@CryptoParadyme displayed a mix of sarcasm, calling out a sketchy move by a mutual who deleted a token-related tweet, signifying bearishness on trust. He also tossed some shade at market toppers with his meme coin play, suggesting a top might be near—an indirect bearish signal.

@Pool2Paulie had a bullish take on Solana, both with the phone play and the daily volume surpassing Ethereum's, suggesting rising momentum for Solana tokens.

@Etherean007 mixed bullishness with a touch of humor, suggesting solid potential gains and demonstrating confidence in certain on-chain metrics.

@Tradermayne offered a cool perspective, stressing the point that the market's big players don't need advice from the peanut gallery, even when holding substantial profits.

@SalsaTekila gave a candid take on risk management, hinting that many who preach it are likely over-leveraging—a cynical view on traders' practices.

@crypto_iso was open about the risks, admitting a willingness to throw money at new ventures, signaling a bullish but cautionary stance.

@trader1sz provided insight into the forex market, specifically the yen pairs, and mentioned the potential for significant moves—displaying an opportunistic and somewhat bullish outlook.

@CryptoParadyme also tweeted out some light-hearted content and engaged with the community over his need for a small amount of cryptocurrency.

Overall, ct traders' posts varied from bullish to bearish with a mix of sarcasm, caution, and opportunism, all while navigating the volatile landscape of cryptocurrency markets.

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: 50 (-45.7% 24h Δ)

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

@RookieXBT essentially brushed off any criticism towards traders' decisions, pointing out the insanity in both holding and selling meme coins at high profits. The take is neutral, highlighting the unpredictability of the market.

@RunnerXBT gave a short and bullish nod, suggesting the market is still pushing upwards with little elaboration.

@Bluntz_Capital showed enthusiasm for Solana NFTs, in particular the SMBs, indicating a bullish sentiment about their long-term potential. He's bullish on the trade and prepping for significant gains.

@CryptoParadyme displayed a mix of sarcasm, calling out a sketchy move by a mutual who deleted a token-related tweet, signifying bearishness on trust. He also tossed some shade at market toppers with his meme coin play, suggesting a top might be near—an indirect bearish signal.

@Pool2Paulie had a bullish take on Solana, both with the phone play and the daily volume surpassing Ethereum's, suggesting rising momentum for Solana tokens.

@Etherean007 mixed bullishness with a touch of humor, suggesting solid potential gains and demonstrating confidence in certain on-chain metrics.

@Tradermayne offered a cool perspective, stressing the point that the market's big players don't need advice from the peanut gallery, even when holding substantial profits.

@SalsaTekila gave a candid take on risk management, hinting that many who preach it are likely over-leveraging—a cynical view on traders' practices.

@crypto_iso was open about the risks, admitting a willingness to throw money at new ventures, signaling a bullish but cautionary stance.

@trader1sz provided insight into the forex market, specifically the yen pairs, and mentioned the potential for significant moves—displaying an opportunistic and somewhat bullish outlook.

@CryptoParadyme also tweeted out some light-hearted content and engaged with the community over his need for a small amount of cryptocurrency.

Overall, ct traders' posts varied from bullish to bearish with a mix of sarcasm, caution, and opportunism, all while navigating the volatile landscape of cryptocurrency markets.

Gem Hunter Sentiment

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: 50 (-45.7% 24h Δ)

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

@CryptoKaduna is all in on BRC20, calling it their favorite ecosystem and hinting at its potential for significant growth. They've even put their money where their mouth is by adding $COM to their long-term portfolio, citing similarities to early Uniswap vibes and the potential for IFOs to yield high APYs.

@anger_trading is hyped about $MAP, predicting "weekly god candles" and suggesting that most are sleeping on BTC-related projects. They also have their eyes on $MONKGG, noting smaller streamers getting involved and the appeal to crypto casino investors. Additionally, $XCEPT is on their radar for its role in the BOT category and MEV development.

@CryptoKaduna and @defi_antcrypto both mentioned BRC20 gems, with @defi_antcrypto also throwing their weight behind $CHTH after a nod from @defipeasant.

@BlocksNThoughts is bullish on $PRINT, $CRE, and $AIX, pointing out their strong performance and fundamentals. They also highlighted $WOLF, expecting a bounce back to new highs.

@CryptoDamus411 let everyone know that $GNC is now available outside of OTC, which could signal broader interest.

@ChadCaff took a chance on $ADA for the first time and shared a notable $RPG wallet movement, suggesting insider knowledge.

@defi_antcrypto is also betting on $WRAP, attracted by its potential to wrap non-ERC20 tokens for lazy fuckers like him.

@V2Chenz returned to active status and is backing $MUBI, confident in its rise to $1.

In summary, the tokens with buzz from the gem hunters include BRC20, $COM, $MAP, $MONKGG, $XCEPT, $CHTH, $PRINT, $CRE, $AIX, $WOLF, $GNC, $ADA, $RPG, and $WRAP. Many of these tokens are praised for their strong fundamentals, unique value propositions, or anticipated airdrops, signaling a bullish stance from the hunters.

Mentioned Coins

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

MAP Protocol ($MAP) | DWF Labs Portfolio

Monk.gg ($MONKGG) | Gambling

XCeption ($XCEPT) | Ethereum Ecosystem

Carry ($CRE) | Ethereum Ecosystem

AIgentX ($AIX) | Ethereum Ecosystem