The crypto bled with the regulatory environment seeing how SEC went after Binance and Coinbase for lisiting “securities”. Also, DAOs are in question right now kicking it off with Ooki DAO court case.
Macro: Stock market showed strength, Possible interest rate pause, SEC charges took the crypto with a blow
Trends: Crypto alts bleed, Perp DEX trading volume peak, Telegram bots being the future, Reviewing the 2023 predictions
Defi: Swell network DD, GHO as LSD, Sushi DEX aggregator, FLAIR as new AMM metric, Arb and LSDfi plays, Aori Beta signup
Tools: Entire crypto tool box that you should bookmark, Airdrop hunting tool, LSD protocols directory, botting tool, CSV analyzer, Research framework toolkit
Spicy drama: Crypto.com shutting down US operations, SEC vs Coinbase and Binance, Ooki DAO lawsuit, WSJ and Coinbase interview, Delisting of trading pairs
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
U.S. Stock Markets: U.S. stock markets showed continued strength, with the S&P 500 up over 20% since October 2022 lows. Optimism is driven by a strong economy and expectations of the Fed nearing the end of its interest rate hiking cycle.
Fed Meeting: Attention now turns to the upcoming Fed meeting, with expectations of an interest rate pause. The consumer price index (CPI) report could influence future rate hike decisions.
Bitcoin Price Impact: The news of the SEC charges caused a drop in bitcoin price, briefly hitting around $25.5k USD before retracing back to around $27k USD. Prices have since drifted lower as the market digests the news.
Token Declines: Many tokens mentioned in the SEC lawsuits experienced declines, including Solana, Cardano, Polygon, and Binance Coin.
@arndxt_xo shares a rather rough global economic outlook
@FinanceLancelot crypto lawsuits
@balajis finds the US unreliable
@stackhodler on debt deficit worries
@steveanastasiou on US employment data
@PeterBerezinBCA on inflation is heading lower
@steveanastasiou on US disinflation
@CryptoKoryo vol drying on the main perp dexes.
2. Trending Narratives
SEC Charges Binance and Coinbase: The U.S. SEC announced enforcement actions against Binance and Coinbase, alleging they operated as unregistered securities exchanges and sold unregistered securities. Coinbase stock dropped nearly 25% as a result.
Binance and Coinbase Respond: Both Binance and Coinbase responded strongly to the SEC charges, criticizing the SEC for its approach and lack of guidance in the crypto space.
@arndxt_xo on crypto alts bloodbath presents opportunity
@OnChainWizard views.
@KopremesisE on Weekly liquid staking update
@asxn_r daily notes
@K33Research on DEX trading volume peak
@0xMughal shares farms for the month
@OptimusBull_ on DPHI and ENIGMA
@Dynamo_Patrick reviews his 7 predictions
@_FabianHD on ADA looks like activity picking up
@c_storry on LSD staking metrics
@0xUnihax0r on Telegram bots being the future
3. Defi Happenings
@Auri_0x parking his stables
@Ekonomeest DD on Swell Network
@cap_intern on Cap finance
@lemiscate GHO as LSD
@kindahangry on Hyper Liquid
The Sushi DEX Aggregator
Vela Launch upcoming
@cycleswap_ concentrated liquidity with ve33 mechanism on zkSync
Maia v2
@alphaK3Y on Poolshark stop loss liquidity pool
@MinervaOptimism DEX on OP
@RRioHunter on TraderJoe Autopools
FLAIR, a metric to calculate LP performance
@Crypt0_Andrew on Arb and LSDfi plays
@stakedqueen on GMX v2
@JanisCapital Launching on 13 June 9pm
$ZEXE Private Presale Funding Round on NEAR but long vesting
@tangibleDAO on USDR backed by RWA real estate as core engine for Pearl finance flywheel
@lookonchain on 2 addressed with consistent profits
@toffee248 alpha hunt
@DegenCamp on early projects
Malt protocol…hmmm…
@aori_io beta testing open
@FroggyYields launched on zkSync
@MorphHub cross-chain hub with a built-in omnichain
Ethena fi global internet bond
@blockswap_team LSD staking
@V2Chenz on SWARM
@AllianceMeta creates your own metaverse…hmmm…
@aradtski on vampire attack on Lido
4. Educational resources and tools
@splinter0n collation of all his private tools
@leshka_eth airdrop info tool
@SumCap on LSD protocol map
@FollowMyEyesDAO check if website is copied
@thejuliawu on bridge search
@GretchenHer9 on botting tool
@Bellickkruz on bounty tasks resoruces
@kirbyongeo on discord scams
@thiccythot_ compilation of threads
@wacy_time1 tool for researching projects
@safiullah_rahu CSV analyzer
@xenovacom speech power browser extension
@crypto_linn on Pearl Finance
5. Spicy Crypto Drama
@thiccythot_ on Multichain CEO released from jail
@ki_young_ju on user balance on Binance increasing
@redphonecrypto on Binance vs SEC
@MetaLawMan on SEC sues coinbase
@WuBlockchain on Binance to remove many trading pairs
@BoringSleuth Crypto.com shutting down US operations
@z0r0zzz on Ooki DAO court case
@0xG00gly on Binance proof of reserves
@brian_armstrong on WSJ interview
nice summary