This is an eventful week with lots of hope, fud and uncertainty at the same time. TG bots continued to show strength, and I believe that these bots will have a strong use case as they become more user friendly.
Macro: Fed paused rates but cautioned that there could be potential hikes depending on data. People are shifting from savings accounts to MM funds.
Trends: Crypto took a hit and decoupled from the Tradfi market as stocks pumped. Cobie is incredibly accurate at predictions for crypto
Defi: Uniswap v4 is the talk of the town but criticisms came about as they are not open source. Ambient on the other hand has Hooks, which are already open source. LSD backed stablecoins
Tools: Beta PnL tracker, Wallet impersonator tool, Notion page alpha, getting web3 residency
Spicy drama: OHM treasury drama, Hashflow rug, Lybra FUD related to Sifu, USDT depeg
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
The June meeting of the U.S. Federal Reserve concluded with no changes to its key interest rate, maintaining it at 5-5.25%. This decision breaks a streak of 10 consecutive rate hikes and was influenced by a decline in inflation, which reached its lowest point in the past two years.
@arndxt_xo on Fed cautious approach and market dynamics in a Macro Pulse series .
@biancoresearch on shift from savings to MM funds
@concodanomics on transitory pause
@ASvanevik flippening is happnening
@DeFi_Made_Here on cobie predictions on point
@intangiblecoins big day 13 jun
@prometheusmacro weekly macro recap
@Flip_Research bearish feels
@BobEUnlimited on high inflation
@QCPCapital balance of risks are tilted towards a risk-off – lower equities and a higher USD which would drag
@JW100x on Binance selling BTC to defend BNB at 220
@KobeissiLetter Interest rate futures now no longer see ANY rate CUTS in 2023.
2. Trending Narratives
Following the Fed's announcement, crypto prices did not experience a significant increase and instead showed a slight decline. Tether (USDT) faced periodic de-pegging, triggered by imbalances in the Curve 3Pool liquidity pool, leading to fluctuations in the market.
The unveiling of the Uniswap v4 draft had a positive impact on UNI, the native token of Uniswap. UNI saw an increase in value as the company prepared to implement upgrades to its protocol.
@rektdiomedes 10 Thoughts On Macro + Crypto
@docXBT on Cobie using this pic during bear
@tenet_org LSDfi on Tenet’s chain
@insomniac_ac Cross chain monday
@FungiAlpha Weekly recap
@0xToro Raft catching up with TVL
@DeFi_Made_Here alpha issue
@asxn_r Week ahead
@cz_binance on BOC issuing structured notes
@Dynamo_Patrick on crypto events and unlock
@rektdiomedes on Perp dex
@MonetSupply on LSD stablecoin
@Defi0xJeff on PolygonzkEVM shopping list
@apes_prologue weekly alpha
@0xjaypeg summary of Hayes article
@CryptoGideon_ on new narratives
3. Defi Happenings
@arndxt_xo on Uniswap v4
@CryptoNikyous EQB vs PNP valuation
@Defi0xJeff Rodeo
@0xCrypto_doctor on f(x) protocol by Aladdin DAO
@myAlphaDrops on Raft
@NDIDI_GRAM on Satori finance
@SatoriFinance join waitlist
@Jackisnotinabox on Elixir protocol
@VitalikButerin on the 3 transition
@Raman_Fi is a LSD-backed stablecoin liquidity
@DefiIgnas on use case for crypto
@AlanNguyen2909 bullish on GMD
@nobrainflip Layerzero airdrop wallet tiers
@RiddlerDeFi on Dedotfi
@Curvance token distribution drop
@Rewkang on RDNT positive earnings
Mysterious entity impacting ETH price
@stacy_muur breaking down ve33
@AresLabs_xyz young crypto projects
@KopremesisE on LSD series
@GretchenHer9 on NFT projects with strong partnership
@leshka_eth Paradigm success
@CreditSwapFi fully customizeable on-chain money markets
@Flowslikeosmo on Mav protocol
Dynamic Distribution AMM introduces a new way for users to deposit liquidity through Directional LPing
@0xJohannes_ zkSync airdrop
@0xCygaar on ERC6551
@0xthade bullish on FLASH
@traderjoe_xyz on Nitro Cartel
@0xChussie on Anja oracleless free lending to avoid disaster like USDT depeg
Nansen research decode the CEX landscape
@ryanberckmans Crocswap is uniswap V$ but opensource
@splinter0n airdrop list based on cost
@SmallCapScience shilling GRAIL
@valoremxyz Permissionlessly Clear and Trade options, on any ERC20 token. On Arbitrum Görli testnet now.
@frenchie_faro on SYPHEX
@GNLProtocol is a lending Protocol for concentrated LP positions built on top of GND
4. Educational resources and tools
@scicryptoinvest beta access to PnL viewer
@Louround_ on goldmine notion pages
Reddit that have gone dark tool
@francescoweb3 becoming a digital resident of Palau
@AlphaFrog13 not miss airdrop
@0xYugiAI LSD stablecoins
Blockchain visualizer
@itsPaulAi anyone can create logo with AI
@0xsurferboy on bubblemaps
@YohanGGlobal on Parsec finance dashboarding tool
Dark florist impersonator tool
@crossedentropy bullish on TG bots
@ahkek4 shares insights on Options protocols
@wacy_time1 shares must follow accounts
Rows make sense to you excel data
@saucepoint on V4 hooks tools
@0xFinish on Dune analytics wizards
5. Spicy Crypto Drama
@zeetientien OHM treasury drama
@FatManHashflow Hashflow rug
@SmallCapScience USDT depeg
@adamscochran Commenting on SCS tweet just above
@belizardd USDT depeg what happened
@apes_prologueCelsius announced it will sell all altcoins
@0xchadfi on Lybra related to Sifu
@ChrisBlec on Blackrock plans
