ToE's Weekly Highlights # 12

Digging up the grinds for the week.

arndxt

Feb 25, 2023

It's been a super packed week for me. But nonetheless, the weekly highlights is still set to go:

Macro: PCE numbers came in higher than expected. Markets took a hit. Is the bottom in?
Narratives: Chinese coins were pumping as China printed money. Crypto sentiments in HK is getting positive with regulatory easing. On-chain indexes is on the rise.
Defi: Lots of alpha projects, both degen and real yields
Spicy crypto drama: LVL hack, SEC eyeing on stablecoin firm, Machi dumping NFTs possibly to wash trade for $BLUR airdrop

If you have not read the previous week’s highlight, here it is:

arndxt @arndxt_xo

ToE's Weekly Highlights #11 - CPI yields +ve sentiments - Old narratives revive i.e. casino, LSD, NFTfi, Index funds - DeFi - $GRAIL, $LVL, $THE pumping - CT chads shares whale hunting, anti-scam tool - Lawsuits, Umami drama, Do kwon, $USP

threadingontheedge.substack.comToE’s Weekly Highlights #11Digging up the grinds for the week.

Hope you enjoy the content, and feel free to connect with me on Twitter here.

Segmenting the megathread of content into 5 parts:

Macro news
Trending narratives
Defi happenings
Educational resources and tools
Spicy crypto drama

1. Macro News

@BobEUnlimited on the reversal of the disinflationary impulse, putting pressure back on headline core numbers. That is exactly what is playing out. And external data suggests it will continue.

Bob Elliott @BobEUnlimited

Past cycles show that inflation, once entrenched, is hard to beat. And it has proven darn near impossible to beat without significant economic weakness. There is no "immaculate disinflation". PCE data in line with recent CPI, PPI, GDP data. Inflation persistence.

@QCPCapital notes on sharp reversal in almost all benchmark macro markets.

QCP Capital @QCPCapital

2/ Crypto Circular #10: Wile E Coyote: Ever since January’s Crypto Circular #9, there has been a sharp reversal in almost all benchmark macro markets.

@DeFi_Cheetah on forthcoming recession

DeFi Cheetah 🐆 ¤🫐🦇🔊🌿 @DeFi_Cheetah

Recession is forthcoming: 1. Yield curve inversion of 2yr (3mth)/10yr has always been followed by a economic recession, with no exception 2. Historically there has never been a time where recession did not occur when CPI had reached higher than 5%

@arndxt_xo shares that some FED members express unease over the recent stock market rally

arndxt @arndxt_xo

Macro update as of 23 Feb In January, the market anticipated an approaching recession, which would force the Fed to lower interest rates again by the end of 2023. 1/n

@arndxt_xo provides market udpate on the 25 Feb where PCE came it higher than expected.

arndxt @arndxt_xo

Macro update as of 25 Feb: 🚨Inflation Alert🚨 The PCE came in hot as hell: 4.7% instead of the expected 4.3% YoY. First little indicator for a second inflation wave. 🧵👇 1/

@_FabianHD shares that we could see the repricing we will see in the Dollar and yields for the next couple weeks.

Fabian D. @_FabianHD

FOMC Minutes didn't do much today because markets already know the Feds stance and have largely priced it in with a 5.5% terminal rate and no pivot in 2023. Imo this is probably the extent of the repricing we will see in the Dollar and yields for the next couple weeks.

Fabian D. @_FabianHD

FOMC Minutes and PCE are the ones to look out for this week but I'm not betting on them being enough to materially change anything on their own. https://t.co/upQBLbpUr8

@_FabianHD on PCE data came in even hotter than was expected. Generally speaking PCE doesn't have as huge of an impact as CPI because it lags it for the same month, but price momentum was already starting to fade and more pressure is added now.

Fabian D. @_FabianHD

Gm PCE data came in even hotter than was expected this morning on almost all fronts, not great. Generally speaking PCE doesn't have as huge of an impact as CPI because it lags it for the same month, but price momentum was already starting to fade and more pressure is added now.

@delphiintern shares notes on latest macro interview with @crypto_banter and @ZeMariaMacedo hosted by @milesdeutscher.

(Delphi, Intern) @delphiintern

XL intern notes from the latest @crypto_banter with @ZeMariaMacedo hosted by @milesdeutscher on: - Lessons from last cycle 📚 - 2023 narratives 📝 - New primitives 🛠 And much, much more! An immense amount of alpha in this big brain conversation 🧠 1/4

2. Trending Narratives

@Brionicx on Asia poised to lead the next crypto cycle

Brionic @Brionicx

1/ Why Asia will be leading the next crypto cycle🚀 A mega🧵

@TheDeFinvestor on all that happened in DeFi in the past week

The DeFi Investor 🔎 @TheDeFinvestor

All of this happened in DeFi in the past week👇

@apes_prologue’s Weekly Alpha 17/02

An Ape's Prologue @apes_prologue

Weekly Alpha

@apes_prologue‘s Weekly Alpha 24/02

An Ape's Prologue @apes_prologue

1/3 Weekly Alpha 24/02 This week's fundamentals

@SnowiiNFT dishing out daily NFT news

Snow ❄️ @SnowiiNFT

STOP! 🫵 Here’s everything that happened on CT (Crypto Twitter) today in 30 seconds! 😄❤️ Today’s Recap (02/22/23) 👇🧵 (1/9) - @BoredApeYC announced Dookey Dash: Toad Mode is live (2/9) - @NFTNerdsAI & @LooksRare partnered up (3/9) - 85 days until @veecon (4/9) - Next… https://t.co/KYLzAL4tnu

@doomsdart sharing a a list of the China coin narrative.

Bera @doomsdart

Here is a list of the China coin narrative. Some are Chinese coins and some are non-Chinese coins that my Chinese friends seem to like a lot. This is for information purposes. Do what you want with it. $ach $cfx $phb $mdt $klay $dent #mob $ygg $key

@rektdiomedes on Market Thoughts + Polygon Portfolio Update - February 2023

rektdiomedes @rektdiomedes

Thread: Market Thoughts + Polygon Portfolio Update - February 2023 🧵 So what the heck is going on with ze markets friends... that's the question... 1/x

@DefiIgnas bullish on on-chain Index products in Defi

Ignas | DeFi Research @DefiIgnas

1/ Stock indexes account for 18% of the TradFi equity market. For crypto on-chain indexes it's only 0.007%. Yet the moment for on-chain indexes to shine might come sooner than you think. Here's why: 🌞

@kirbyongeo has his own telegram channel sharing actionable crypto insights

t.me/kirbycrypto (https://t.me/kirbycrypto)

3. Defi Happenings

@milesdeutscher compiles a list of best accounts to follow. I AM IN IT! Remember to head to page 2 of this thread guys.

Miles Deutscher @milesdeutscher

Making money in crypto is easier when you're following high-alpha accounts. I've compiled a list of the BEST accounts under 15k followers, so you can spot trends EARLY! Many of them are criminally underrated. 🧵 MEGA THREAD: 30+ small accounts that are must-follows.👇

@BillyBobBaghold shares a degen play called $CHAOS @ordernchaos_fi, which is a twin system of algorithmic stable coins $ORDER (the stable) and $CHAOS (the utility token).

Effectively it's a novel ponzi game, taking inspiration from the best parts of $OHM and $LUNA, but with reduced downside risk.

Billy Bob Bagholder @BillyBobBaghold

1/ DEGEN ALERT This play is not for the faint of heart. Team is not doxxed, smart contracts are novel, and it's a clear ponzi game. However, it just launched on Arb yesterday, not yet on @dexscreener, has a MC of $2m, and it's team has been around for 6 months. The coin is...

@ElBarto_Crypto shares Li.fi bridges spikes in activity after $BLUR drop

ElBarto_Crypto @ElBarto_Crypto

Every time an airdrop happens, people FOMO into any and all protocols without tokens -A day after $BLUR, this contract spikes =You have to guess the protocol, no free lunch here :)

@ZeroLiquid_xyz allows users to use their LSD tokens to get self-repaying, 0% interest loans without the risk of liquidation.

Zero Liquid @ZeroLiquid_xyz

This first article of the series explaining the Zero Protocol is out. zeroliquid.medium.com/the-zero-proto… In the next article, we will discuss the use cases of the protocol. #ZeroLiquid $stETH, $rETH, $frxETH

zeroliquid.medium.comThe Zero ProtocolOverview:

@DeFi_Made_Here on @ArchimedesFi creating opportunities with leverage

DeFi Made Here @DeFi_Made_Here

In this Thread 🧵 I will explain: • What is leverage • Why use it • Parties involved and their risks • How @ArchimedesFi creates opportunities for them

@francescoglt on a $TON Blockchain

francesco @francescoglt

The New Narrative? An Overview of the Launch of $TON Blockchain’s L1 Network &DeFi Ecosystem” @ton_blockchain @rogozov A thread 🧵👇

@renegade_fi’s dark pool, trades are end-to-end encrypted and guaranteed to trade at NBBO midpoint prices.

Renegade @renegade_fi

It’s time to kill CeFi. Introducing Renegade, the on-chain dark pool. We’ve raised $3.4M from @dragonfly_xyz and @naval to build the first MPC-based DEX, a completely anonymous decentralized exchange.

AHK | ETHDenver 🎫 @flasskoworld

Let's talk about @renegade_fi 🧵👇

@arndxt_xo shares on Satin, a Solidly fork that combines the best DEX + ve(3,3) + flywheel mechanics

arndxt @arndxt_xo

It's the @SolidlyDEX fork season. Thena, Velodrome seen great success. @SatinExchange stands out with its innovation around locking LP tokens! It combines the best DEX + ve(3,3) + flywheel mechanics A 🧵 on what you should know before aping into @SatinExchange public sale 👇

@caviarAMM officially launch its first NON-FLOOR public pool for the @miladymaker collection

Caviar @caviarAMM

Caviar is proud to officially launch its first NON-FLOOR public pool for the @miladymaker collection🥳, liquidity provided by @FloorDAO! For the first time ever, users will now be able to trade and earn yield on Milady liquidity at the 'Mid-Tier'. Details Below 👇👇

@Wheat_Care is an an $EGGS fork?

Wheat (🌾) @Wheat_Care

Are you an $EGGS fork? Uh.... yeah. Yes, we are. But... 1 block takes 12 seconds on mainnet and on #Arbitrum, there are like, 10 blocks per second.... 🙉 $ZYB $SLIZ $GRAIL $OREO $VELA $SHARKY $FISH $GMX $MAGIC $GNS $VOLTA

@EggsCare experiment project? hmmm….

Eggs 🥚💊 @EggsCare

Introducing $EGGS documentation website! 🥚 Check it out here: docs.eggs.care Everything will be Open Sourced later so everyone can improve and contribute in different languages. We are currently supporting English and Chinese.

@omo_exchange having $OMO #IDO token #presale on Feb 24,

OMO Exchange @omo_exchange

Exciting news!📢 Mark your calendars for the $OMO #IDO token #presale on Feb 24, 2023, at 14:00 UTC. The sale will be split into private and public phases. Learn more on our Medium: medium.com/@omo_exchange/… #arbitrum @arbitrum #DeFi #DEX @arbitrum_daily

@zaddycoin shares a list of protocols building on GMX.

Gabe @zaddycoin

Over 35 protocols are building on GMX, harnessing real yield, and creating new Defi primitives. Let's dive into GMX, "real yield", and a list of protocols building on GMX. 🧵 shoal.substack.com/p/gmx-a-real-y…

shoal.substack.comGMX: A Real Yield & Defi Primitives LaunchpadDefi composability, real yield, and 35+ protocols leveraging GMX perps protocol

@HolyMoneyFi hopes to launch on Feb 24 & will confirm on Feb 23.

Holy Money @HolyMoneyFi

Not launching on Feb 22. Deadline is too short. Hope to launch on Feb 24 & will confirm on Feb 23. Please read docs and give suggestions. Treasury should payout Holy Money users even when emissions are over but needs more incentives ⚔️ $TOMB $GRAIL $HOLY $HXS

@catinaboxfi is a dynamic lending protocol for yield-bearing assets

Cat-in-a-Box Finance @catinaboxfi

1/ Let's talk liquidity... Why is Cat-in-a-Box Finance raising ETH? To break the chicken and the egg problem. Why would someone use a protocol if there is no initial liquidity? And... Why would someone create liquidity if there are no users? <Insert ETH raised.>

@derivative_dr shares discord discussion

0xDerivadev @derivative_dr

1/ Gm A few thoughts on the @catinaboxfi pre-sale that have come up while having discussions with our Discord community... (you can join here: discord.gg/JfuWbcMgjX)

discord.ggJoin the Cat-in-a-Box Discord Server!Check out the Cat-in-a-Box community on Discord - hang out with 847 other members and enjoy free voice and text chat.

@unsheth_xyz is a LSD staking protocol taht BOOST your staked ETH's ROI

unshETH @unsheth_xyz

(1/6)🚀$USH Update: unshETH brings 💰MAXIMUM yield for staked ETH💰🔥🚀 Get ready to 💪BOOST your staked ETH's return on investment💪 with our cutting-edge router 💻 mirror.xyz/0x749Dc728A682…

mirror.xyzUSH: Maximizing Staked ETH Yields with Competitive Routing and E…In this article, we will discuss the airdrop distribution, USH token distribution, and the roadmap for unshETH post-Shanghai. unshETH will launch a router for staked ETH liquidity, maximizing yield for deposited LSDs and preferentially depositing new ETH waiting to be staked. In order to achieve thi…

@LandfSmile on @Dsquaredfinance launch, in depth analysis

0xJeff @LandfSmile

Since $DSQ - @Dsquaredfinance is Launching its Public Sale is FAST APPROACHING on 15 Feb Here is a 🧵Thread (0/21) on the Summary of the Key Details Surrounding $DSQ Public Launch - Launch Method, FDV, Mcap, Vesting, Airdrop, Personal Take(s), and much more Here We Go 👇

@JBCFinance is a decentralized lending, leveraged yield farming protocol

JBC.Finance @JBCFinance

🔥 We are a strong community 🔥 Get ready to fly bullish 🚀🚀🚀 👉 Stay tuned for updates on TG We have updated our roadmap and please read more about $JBC #GLP #yieldFarming $GMX #Leveraged #JBC

@Defi_Maestro discuss The "Fair - Launch " Model by @CamelotDEX

Defi_Maestro 🫐 @Defi_Maestro

The "Fair - Launch " Model on @CamelotDEX is widely critiqued for being predatory for users. Lets dive into what went wrong for $TROVE and alternative models that should be explored. A thread on Launchpads. Lets go.

@defi_candle shares that @coinbase is aiming to achieve that by building @BuildOnBase on top of @optimismFND

DeFi Candle🕯️ @defi_candle

To onboard the next billion users in #crypto we need to make Ethereum more scalable.⚡️ @coinbase is aiming to achieve that by building @BuildOnBase on top of @optimismFND .🔴 Here's everything you need to know about Base.🧵/

@systems_value bullish on @CamelotDEX

Mesky @systems_value

MEGATHREAD 🧵 on @CamelotDEX - #Arbitrum's undeniable number one DEX right now. 👀 In this thread we'll be looking at growth figures, future prospects and making some predictions. As usual, none of this is financial advice. I hold 0 $GRAIL. Heavy alpha leak below...👇 $GRAIL

4. Educational resources and tools

@Louround_ on lessons learnt that you should have known

Louround 🥂 @Louround_

I lost 90% of my net worth due to greed during the last bull run. 1.5 years later I am sitting at portfolio ATH. Let me share with you 5 tips I wish I would have known back then 🥂

@ThorHartvigsen on VC wallet hunting

Thor⚡️Hartvigsen @ThorHartvigsen

VC wallet hunting 🐳 The top 20 crypto funds have 1200+ wallets combined. I've been monitoring these closely throughout Jan/Feb 🔎 I present 8 of the largest VCs, their biggest holdings and recent investments👇

@0xTindorr’s list of accounts used as proxies to find alphas, narratives, and techniques.

Tindorr 🚢 @0xTindorr

To make your portfolio hit your ATH during bear, you need ALPHAs Good is not enough, you need that level of "BEST" alphas. Let me share my secret sauce: the list of accounts used as proxies to find alphas, narratives, and techniques. Here are 19 accounts you must follow: 🧵

Pretty cool resource here

https://cryptomarketpool.com/

@CJCJCJCJ_ on how you can avoid scams

CJ @CJCJCJCJ_

Wondering why you’ve bought a token that popped up on Dexscreener with the correct address after checking but still unable to sell it? You got honeypotted. Read on to understand how the new trending scam works and how to avoid losing your shekels to them.

@DeFi_Taha on cult crypto communities

Taha | DeFi Research 🍄 @DeFi_Taha

Why do Most DeFi Communities feel Like Cults? How Daniele Sesta went from DeFi’s golden boy to getting death threats? Understanding WHY will make you a better Crypto Investor.

5. Spicy Crypto Drama

@bccponzi recaps the $LVL situation: The protocol is getting exploited by 2 wallets (prob 1 trader) since february 16. So far the damage to LPs is around $500k from those 2 wallets.