Gm friends! Last week newsletter presentation might not be the best because of Twitter links not being able to embed. The issue is still on-going, so I have a workaround today and it should look much more readable and presentable now.
This week is super exciting as we saw rather good CPI numbers with new local highs for BTC and ETH. Possibly along with the alts too (though some might disagree that its an alt season because pump was surrounding assets in the LSD narrative)
Macro: Markets reacted positively to the CPI numbers. Fed likely to pivot when unemployment numbers goes below inflation
Trends: Shanghai withdrawal is welcome as ETH rally past 2k and BTC past 30k. Though we want to exercise caution here as the total supply of stablecoin remains the same, meaning that there isn’t any new money flowing into crypto yet
Defi: LSDs are doing really well. Seeing an influx of TVL into zkSync and people are bullish on projects launching there. There are over 30 zkSyncs that are shared and many have yet to launch.
Tools: Pretty good earnings for scammers, different type of presales
Spicy crpyto news: Snarklaunch rugged along with backlash on Mochi (lets be objective here, you got to DYOR when you ape). This sparked a hooha over sponsored threads disclaimer. And Solana phone is coming!
If you have not read the previous week’s highlight, here it is:
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
@arndxt_xo shares FED's quick action and clear communication restores hope in the market
@likitang0 shares that German banks are now obtaining digital money licenses from
@BaFin_Bund on an industrial scale.
@AviFelman on crypto bullish developments from Hong Kong
@_FabianHD on CPI where energy did all the heavy lifting making headline CPI less appealing, with one more hike priced in for May.
@MacroAlf on how how money creation really works. A thread.
@Convertbond on a monthly deficit of $378B, 6th largest monthly deficit and largest absolute increase.
@nickgerli1 thinks that The Fed will pivot once the Unemployment Rate goes above Inflation.
2. Trending Narratives
@apes_prologue Weekly Alpha
@dennis_qian MDMA: Monday DeFi Market Alpha 04/10/23
@TheDeFinvestor on weekly defi happenings
@TheoDelarosa_’s Weekly Epilogue: BTC > 30k, ETH > 2k, Stablecoin no inflows
@insomniac_ac’s Cross-Chain Monday's #34 03 - 09 April 2023
@FungiAlpha’s Weekly DeFi Update (Apr 10th 2023)
@ViktorDefi on account abstraction narrative a step towards crypto mass adoption
@HashCurveKris believes in stochastic AMMs as the next evolution for AMM
@Deebs_DeFi on ETH whales about to flooding into LSDs with data
@ViktorDefi on Gamblefi
@KingJulianIAm on Shanghai Upgrade is Unlocking Billions.
@ThorHartvigsen on 25 protocols with large catalyst
@CryptoShiro_ best crypto threads
@0xCrypto_doctor on Meta-Strategies being a bigger abstract as compared to portfolio.
3. Defi Happenings
@CryptoShlug RWA portfolio
@the_smart_ape 45% APY strategy on $ETH
@gabavineb on Pendle strategies - yield farming part 1 and 2
@DegenSpartan bearish on unshETH
ThorHartvigsen watch smart money over the last 30 days
@0xsurferboy shares 5 early stage projects
@0xkhan_ on concentrated liquidity designs being superior
@wacy_time1 shares alpha on projects built on @LayerZero_Lab
@GasFinance allows users to trade on chain gas costs.
@midoji7 on Kwenta being the next big thing in perps trading
@0xShinChannn on game theory of Uniswap v3
@apixtwts belives that gaming will be key for mass adoption in web3
@mrjasonchoi interviews with $RON cofunder
@AlphaSyringe shares over 30 zksync projects
@themlpx shares Arbitrum user adoption numbers
@nofedz on $XIO token bullish
@nickbit2011 shares that $FLASH could be at a -87% Discount.
@100y_eth shows nansen number for Ethereum withdrawals enabled.
@SCSLabsResearch covered the massive $KAVA incentive program, $MARE lending markets, and $VARA the main DEX.
@0xSisyphus thinks that Sui at $1bn fdv public sale seems cheap but found some things rather strange
@shaundadevens on Debank Challenge Day 9
4. Educational resources and tools
@rektfencer interviewed a scammer
@Flowslikeosmo shows you how to use DefiLlama
@Moomsxxx did a speed research run on 5 projects
@2lambro secrets on how to invest right into IDO
@CJCJCJCJ_ breaks down the type of presales
@0xShual shares how you can use Arkham and some predesigned dashboards!
5. Spicy Crypto Drama
@solanamobile is launching its Solana phone
@defi_mochi promoted a project that scammed (he probably deleted it himself)
@diceminded warns about @Flutterchain
@glassnode shares that 40k $BTC from wallets associated with US Government law enforcement seizures are on the move.
@zksync twitter account got compromised (lols)
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