HAPPY NEW YEAR TO ALL! The last newsletter for 2022 on the very last day.
It’s been an eventful one and while reflecting through, it was probably the best decision I have made to be sharing this newsletter. May not be the best around but I will strive to be one that bring the most condensed information about what is happening around everything, at least weekly.
Let me know what you want to see more or less of. Shill this jam packed info to your friends to end the week and the year on a nice note. 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
We all know how the macro plays will affect crypto so I believe its a good idea to keep up with them. I really get confused, with so many outlook reports for 2023; with where to look for them. Here are 2 extremely well collated ones in a LinkedIn post, simplifying your life:
List of market outlooks for 2023
Goldman Sachs https://lnkd.in/eKzF_2K4
J.P. Morgan https://lnkd.in/eHb6-622
Morgan Stanley https://lnkd.in/e2nAMjmM
Bank of America https://lnkd.in/e8XFD8TW
BlackRock https://lnkd.in/eYxCBRGj
HSBC https://lnkd.in/eNfBiJvH
Barclays https://lnkd.in/eRT4dsFY.
NatWest https://lnkd.in/euftbUw6
Citi https://lnkd.in/eXwA-Y4X
UBS https://lnkd.in/exudCU6V
Credit Suisse https://lnkd.in/e4CEK5NZ
BNP Paribas https://lnkd.in/ec4hWEdm
Deutsche Bank https://lnkd.in/eAWCSV_7
ING https://lnkd.in/eNpdmVH8
Apollo Global Management, Inc. https://lnkd.in/ewwq_62M
Wells Fargo https://lnkd.in/euMkQnKE
BNY Mellon https://lnkd.in/ezMfVgND
Fidelity International https://lnkd.in/eJwK6tVx
Lazard https://lnkd.in/eku-xhqp
List of Crypto Market Outlooks for 2023
Coinbase: https://lnkd.in/eZXa8meu
Messari https://lnkd.in/ecCBypB9
a16z https://lnkd.in/ezJjAT5u
Pantera Capital https://lnkd.in/eFYkcsNQ
Arca Funds https://lnkd.in/eTF6K8ZP
New Order DAO https://lnkd.in/ef_9YqWF
Crypto.com https://lnkd.in/e3Yj7_Qz
Huobi Research https://lnkd.in/e6SbRqSa
Binance https://lnkd.in/eU62aVZV
Delphi Digital https://lnkd.in/eHwjAtr2
DeFi Lama https://lnkd.in/eUZvdK2H
Cointelegraph https://lnkd.in/eFGnb_XG
CoinDesk https://lnkd.in/ec6kHAfy
The Block https://lnkd.in/eSQQHvyd
Bloomberg https://lnkd.in/e-2yYBEF
Forbes https://lnkd.in/ebg7vxeQ
Saxo Bank https://lnkd.in/e_TAY9kg
VanEck https://lnkd.in/eRPeETKV
PwC https://lnkd.in/eMDtZ42r
Accenture https://lnkd.in/esh65Q6F
10y bonds and $DXY chart would be key to watch in Q1 2023 @TeeJayFinance
Peter Schiff: ‘Inflationary depression’ hitting 2023, stocks, Bitcoin 'nowhere near bottom' @PeterSchiff
Japan’s BoJ Decision Could be Key for Bitcoin
1) The central bank (BoJ) in #Japan has just announced a policy change that is increasing the purchasing power of the Japanese #Yen.
2) Together with the leading crypto exchange being listed on the US stock market in mid-2023, #Binance is re-entering Japan with the acquisition of regulated crypto exchange #Sakura and Japanese customers of #FTX likely receiving all their money back due to Japan's strict "cold wallet" policy, #Bitcoin prices could benefit from Japanese having extra cash to spend.
3) Crucially, as Japanese stocks tend to benefit from a #weaker #Yen due to the #export link, a stronger Yen will make Japanese stocks less attractive to foreigners as well as to locals. This might increase the interest in #alternative #investments - such as Bitcoin.
4) Japan's "#yield #curve #control" strategy was designed to provide maximum stimulus and today's adjustment of this policy is either the result of improving economic conditions, #inflation expectations, financial market #concerns or simply concerns about the #bond market.
5) The Bank of Japan's (#BoJ) statement indicated that the central bank is largely concerned with "improving bond market" functioning and this is why we could see further #dialling back of this "yield curve control" policy.
👇 6) Today's -2.7% move lower in #USDJPY (stronger Yen) is a clear sign that the "maximum Yen" bearishness is behind us and that the Japanese Yen will get stronger now as the market will expect an eventual (complete) unwinding of the "#Yield Curve Control" strategy.
7) This will imply that the days of the "Yen funding trade" are over for now. The #BoJ could unwind its negative interest rate strategy by March/October next year when BoJ #Kuroda's term runs out (April 8, 2023) and next spring's annual wage increases could have a severe impact on inflation expectations.
8) Last month, #Binance announced a deal to buy Japanese crypto company #Sakura Exchange #BitCoin which is a licensed entity with Japan's Financial Services (#FSA). Binance will likely try to make their Japan business a success.
9) Japan was also the safest place to be an #FTX customer as Japan has a 95% cold wallet rule that helps to protect against losses. Therefore, Japanese clients were not ‘burned’.
10) As we wrote in our 2023 outlook report, #Coincheck, Japan’s largest crypto exchange, plans to list on the NASDAQ through a $1.25bn merger with #Thunder Bridge Capitals Partners IV, a special purpose acquisition company, on July 2, 2023. The deal is valued at $1.25bn with the Thunder Bridge #SPAC trading at $9.86.
Crypto Alpha Trades You Might Have Missed
1) #Solana declined -18% last 1w following the announcement that the platform’s top 2 NFT projects, #DeGods and y00ts, are to migrate onto #ethereum and #Polygon in the first quarter of 2023. The #NFT creators have cited that the decision was made to expand their reach and explore new opportunities on platforms that they see will drive the next wave of #NFT adoption. The move is indicative of the platform’s slowed growth which has likely made investors less optimistic about Solana’ future. Mkt cap $3.7bn..
2) #Flow declined -9.1% last 1w as the platform has been facing a plummet in NFT trading volumes in recent months, a decline in activity on #NBA Top Shot and #NFL All Day platforms as well as layoffs at #Dapper Labs in November. NFT trading volume on Flow has fallen 60% in October, 50% in November, with December trading also trending below last month’s volume. Mkt cap $729m
3) #Terra Classic rallied +16.6% last 1w as the network’s market capitalization spiked to above $1bn. The rally may also be carried by the news of #Binance’s completion of its second round of airdrops to Terra Classic and TerraClassicUSD holders, with the remaining #LUNA to be distributed over the next 24-48 months. Mkt cap $921m.
4) #Dogecoin declined -5.6% last 1w following speculation that Elon #Musk may be stepping down as the CEO of Twitter. Previously Musk had been hinting at the integration of #Dogecoin as a payment method into #Twitter, so if Musk leaves the helm the memecoin may be set to fall further. Mkt cap $9.8bn.
5) #Uniswap declined -5.4% last 1w despite the platform’s recent partnership with #MoonPay that will enable users to buy cryptocurrencies directly from credit and debit cards on the Uniswap Web App. While Uniswap aims to provide a good user experience, their increasing partnerships with centralized companies and traditional payment methods may be shifting their focus away from the adoption of decentralized finance. Uniswap’s NFT transaction volumes have also fallen 72% since their launch in late November which reflects the general low #NFT sentiment in the market. Mkt cap $3.8bn.
6) #Ethereum Classic declined -4% last 1w as investor interest has been on the decline since Ethereum’s shift to Proof of Stake. The network’s #hashrate has fallen nearly 50% in the last 3 months which could be attributed to the rising popularity of Dogecoin. Mkt cap $2.1bn.
7) #OKB rallied +4.9% last 1w as OKX announced their partnership with #DappRadar, a DApp app store, to allow users access to a broader base of DeFi and #GameFi Apps via its Dapp Discovery Tool. The partnership also allows users of OKX’s Web3 Wallet to directly access their assets from #DappRadar. Mkt cap $6bn.
2. Trending Narratives
The real TLDR that you all will probably need. It will save you from going blind. So, here is the Part 1 and 2 of the VCs/Institutions outlook summaries! @CJCJCJCJ_
Below are some crypto/Web3 startup ideas and themes that AllianceDAO is excited about. Regularly updated. @alliancedao @QwQiao
Weekly Friday Alpha @TheDeFinvestor
17 potential emerging trends for crypto By 14 @DefiLlama team members @1_Point_618
I cannot share how excited I always am to read threads sharing about portfolio baskets. Credibility checked! Alpha checked!
Thread: Arbitrum Portfolio - December Update @rektdiomedes
OpenAI CEO Sam Altman | AI for the Next Era
Not the most visually compelling slides I have ever seen but packs a punch. Latest edition of Just Crypto where we unpack the year and talk about our views for 2023. @QCPCapital
The Kaiko Research end-of-year review is now live employing a data driven approach. Here’s 10 analyses that best capture the year in crypto @KaikoData
Predicting trends into 2023 and beyond @0xkyle__
3. Defi Happenings
Weekly on-chain updates @DegenSensei
Take this chance smile over the happy moments and morn over the tragic ones of 2022 @BackTheBunny
If I recall one of the narratives that I held through and till this day is that aggregators type of crypto projects will be leading trends. Because there are so much more to aggregators to do. With the sheer number of crypto projects around, aggregators will play a huge role i.e DefiLama, Dune, DeBank in providing aggregated insights. And in this post its Unidex being the aggregator of aggregators; @UniDexFinance $UNIDX @ChadCaff
Part 2 of deep dive research series will be on FANTOM. @jake_pahor
Another thread about the future of Fantom @aibra
While we see Andre accumulating his bags of Fantom projects like $EQUAL and continuously accumulate $MMY @0x_az
Lets dive now into the protocol level strategies and you can play them! My favourite stablecoin degen farming juicy APYs. @0xCrypto_doctor
From one of the top strategist around: how you can play the @ThenaFi_ $THE ve(3,3) dex launch on BSC? and how to play the @DictumExchange $DIC ve(3,3) dex launching TODAY on Arbitrum? @Slappjakke
Now to protocol news, launches, some alpha maybe…
Sharing share some $GRAIL alpha @SirBootsOfIron
Playing and testing @B2Option is much fun. Now play with other gryptos too and prepare for holidays my farms on $LQDR @Nils_crypter
The CVI presents: CVI v3
Crypto is pretty volatile right? What if you could bet on that volatility? Or earn some of the best stablecoin yield in defi from people who make that bet? @Slappjakke
https://cviofficial.medium.com/cvi-presents-cvi-v3-38c904448b73
This is an interesting project that resonated with me personally. Looking at web2 website ownership, its always not entirely own by you and I have always been looking for a web3 seamless website solution. I think this can be a good solution for many people who wants to truly own their own website, including myself.
Become a free early testnet adopter @portrait_gg
Gamma Strategies officially launches on @arbitrum! @GammaStrategies
Trader Joe is live on #Arbitrum! #Arbinauts can now access the power of the innovative Liquidity Book AMM @traderjoe_xyz
@SturdyFinance is a promising #DeFi lending protocol to keep an eye on, and how potential synergies with @LiquityProtocol and @ChickenBonds may help further distinguish it as it advances its product development @Syncubate
OpFi. Options Finance, or as @tztokchad from @dopex_io explains, Defi infrastructure powered by options. @purplepill3m @tztokchad
How Is IPOR Innovating Interest Rates in Crypto? @NickDrakon @ReveloIntel
Thread with great project shills @FourthIR
Orange Finance launch. @0xOrangeFinance
Now comes the dashboard master… Let’s take a deep dive into @ede_finance @defi_mochi
Vesta finance a hidden gem on Arbitrum. @defi_mochi.
Do you know you can leverage trade NFTs the way you do on Tokens/Coins?? @TheDeFISaint
What's the most interesting DAO you've seen? @shivsakhuja
4. Educational resources and tools
Here are 6 analytics tools you can use to be ahead of the curve in 2023. @permanentgainz
Are there any under-the-radar Alpha tools that you find useful? @CryptoSnooper_
23 crypto tips, tricks, and tools to take into 2023 (steal these to become a pro) @crypthoem
For those who don’t see the potential play behind @y2kfinance , let me walk you through traditional catastrophe bonds. @0xBobdbldr
Free Liquidation Levels indicator @leviathancrypto
5. Spicy Crypto Drama
I have gotten some feedbacks that this is the favourite part for some! Encouraging to hear that, indeed entertaining for what is happening around.
Sifu is back to be in the game!. If u thought Sifu FULLY controlling the $SIFU oracle & borrowing w 70% LTV was bad…@BarryFried1
The significance of @avi_eisen's arrest, and what that meant for DeFi.@DataaRocks
BREAKING: Sam Bankman-Fried is likely to enter a plea of not guilty, per WSJ. @unusual_whales
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