Weekly Summary and Alpha V6
In ze past weeklies, I usually start with Defi, but today, let's talk about the state of the market
There's a lot happening in tradefi & ze broader market
State of the market:
One thing that caught my attention is San Francisco's rapid decline into a messy quagmire.
Imagine Dragons
Just like imagining dragons, which aren't real,
it's equally unrealistic to imagine Elon doing this in San Francisco at this point due to the rampant drug consumption and its widespread impact in the city.
The SEC has denied Vaneck's application three times, and Fidelity's as well.
Will Blackrock be different? Bedrock holds significant political influence.
If the SEC approves a spot ETF, it could have a very bullish effect on the market.
Gary Gensler is facing pressure
Blackrock could exploit this situation as a political move against the Democrats
Approval of the spot ETF for crypto seems unlikely which suggests that this could be a political message
Dems regulations against crypto is harsh
Bedrock sends ✉️
Two more rate hikes on the horizon, & if rates increase, it could crash the market.
This could lead to bank failures once again.
Inflation remains stubbornly high, consumers continue to spend, debt is piling up, and unemployment is rising
Best is to keep rates at 0 for now
The Federals interest rate hikes can unintentionally lead to a compounding debt spiral.
Instead of effectively combating inflation, these hikes make the issue worse by causing debt to grow
It's a sad situation: an alleged scammer is suing a celebrated detective who saves the day by exposing ruggers, among other tins
Machi has influence & wealth;
Zach prefers to remain anon & avoid being doxed
This is indeed a sad moment
We hope for the best possible outcome
Drama unfolds as Chainlink proposes to sell 70 million $LINK (equivalent to $366 million) annually.
However, ChainLinkGod clarifies that these fees$$ will be used to cover project expenses until a better approach is found.
Personally, I don't think this is the best move, but hey, what do I know?
Even with the fud, one thing’s for sure Chainlink will keep building
Chain CCIP and why you should be bullish
Hong Kong puts pressure on Banks to take crypto clients
Uniswap V4 unveils with the Hook upgrade.
“Hooks are powerful plugins that allow for the creation of highly customizable pools. They can be utilized to add new functionalities to Uniswap, such as:
- Dynamic fees
- Limit orders
- TWAP Orders
And much more!”
Detailed info on hooks
Celsius will be selling all customers funds to buy BTC and ETH on July
Following the market turnmoil after bearish news from the FEDs
There was a USDT depeg brought by speculation and arbitrage
EigenLayer beta launched with an LST cap of 3.2k limit per asset and a deposit limit of 32 tokens per txn
Tokens accepted
Lido stETH (stETH)
Rocket Pool ETH (rETH)
Coinbase Wrapped Staked ETH (cbETH)
Detailed info on Eigen launch
Polygon 2.0 will come with a spring of announcements these coming weeks
Starting from Monday
Expect unified liquidity among all chains, zk everything and a better tokenomics to unite this upgrade
More on Polygon 2.0
Couldn't be a better macro summary.
Oke let’s get to Defi
Free defi alpha by Linnussy
The yields on Pendle is amazingggg
No wonder it’s growth is brazzyyy 15m to 100m TVL this year
The Queen of LSDfi
Passive income with yo LSTs
A very detailed dive on Pendle yielding
Bullish on Pendle
Bullish on Equilibria
Ominchain money market completes $6m seed raise. Congrats! TapiocaDAO
Will launch soon utilizing LayerZero tech
Frax Finance will launch an ETH L2
Sam is bullish on the L2 narrative
And this makes me more bullish on ETH
And $FXS too
Ekubo an AMM with singleton design, concentrated liquidity and Gud capital efficiency will be launching on Starknet
Expect Aark open Beta launch sooon
Partnership between Ryze and y2k
Peg the options market
Ryze is an options market where you bet on crypto assets (yet to launch)
Y2K; you bet on ze peg of stablecoins
More on Ryze
Binance is facing regulatory concerns and Netherlands is one
Lido ETH dominance is truly a concern and ETH community should look into it
FTX 2.0 is coming sooner than I thought
Actually. Tbh; Polkadot has one of the highest dev activities. It’s dev commits is very high
It’s second to ETH in dev activity amongst all chains
They’re definitely building something
Building in silence >>>
VC analyst Moom dives into Jump
Last week Jump sold lot of its tokens from Robinhood
Stay data pilled with Defillama
Fuggin tons of alpha from ze notions
Rug and staying Rug proof
$600k loss from Hashflow
Even Rekt got Rekt
Rekt 😢
Guide to stay safe from Rugs
Airdrop
Another improved zksync airdrop guide
Mega airdrop guide
An update LayerZero airdrop guide
Guide on Starknet airdrop
Venom airdrop
ze end 🐍