The DeGen Bible to Financial Freedom - Vol.25

Week 28 Mar -  2 APR 2023

Between Ups and Downs, there is Buidl! - Mars Captain

🧠 Observations

• Starfish Finance has renewed its roadmap and intends to lead the new wave of Entertainment-Fi in Web3! Prediction Market ⬆️🆚⬇️ is out on Arbitrum(💙,🧡). Stay tuned for more innovations!
• Captain always says DeFi is the only viable business model. Look at the Arbitrum-led revival of total TVL in DeFi, it's going to be huge in the next bull.
• Stablecoin total market cap continues to fall. A good sign for a stable market, but trading activity fell significantly compared to the last two weeks. Possibly related to the upcoming US tax season.
• No FOMC in April, US CPI is fake (manipulative) data, Easter is coming. Let's spend a peaceful week!

💵 Stablecoin & Market Landscape

• Stablecoin market share remains high in reference to the total crypto market capitalization. 10.84% of stablecoin (132.9B) on 1.22T crypto market.

Reminder: Mid-NOV 2021, this percentage was around 4ish% with a 3T total MC. Now we are at 12ish% with a 1ishT total MC.

• Now at 1.22T.  Still hanging around on the 1T level. Going steady.

Reminder, June and Nov 2022 witnessed a bottom of 800ish B MC vis-a-vis the market’s top in NOV 2021 at 3T.

Infographics

• The underlying insight of these colours is that Ethereum is still so king compared to other L1s.
• Will the narrative of major layer ones return? We will see.

• Binance's influence is phenomenal. Guess most new users will follow the Binance user journey to get into crypto.
• Arbitrum again has an impressive uptick, outperfoming Polygon and Optimism.

🔢 Index

• Still very high for such price level. Unsure how long can this hold.

• Keeping steady. CBBI is an excellent reference to time BTC price movements.

📰 Current affairs

Starfish Finance:

Prediction Market — The First Game of Starfish’s Entertainment-Fi

Play to earn?

MediumStarfish Finance

Starfish Finance II - Attack of the (Dapp) Clones

Far beyond Earth and millions of miles past the moon, there’s a planet where Decentralized Finance (DeFi) and NFT-Fi meet on an interoperable network. First observed in 2022, the world known as “Starfish Planet” is home to degens, hodlers, frens and a starfish named Sean.

CoinDeskCoinDesk Staff

Starfish Finance: A cross-chain DeFi, NFT-finance platform on Astar Network, a Polkadot parachain

Starfish Finance is a pioneer project in the Astar incubation project and the first decentralized finance (DeFi) and nonfungible token (NFT) finance platform on Astar Network.

CointelegraphCointelegraph

BTC

MicroStrategy Repays Silvergate Loan, Spends $150M Buying More Bitcoin - Decrypt

A recent filing with the SEC revealed that Microstrategy has conveniently paid off its loan with the failed Silvergate Bank.

DecryptStacy Elliott

Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin

The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries, the software company behind layer 2 Ethereum zero-knowledge rollup scaling system StarkNet.

CoinDeskFrederick Munawa

ETH

Staked ETH Withdrawals To Activate On April 12 - The Defiant

Ether Rallies 5%

The DefiantSamuel Haig

Layer 1s/ Major DeFi

Circle Stablecoin USDC To Launch on Cosmos

Cosmos will finally have its own native stablecoin, with Circle partnering with crypto startup Noble to deploy USDC directly to the ecosystem in Q2

BlockworksBessie Liu

Trader Joe is Fastest-Growing DEX After Shift to Uniswap v3-Like Model - The Defiant

The DEX launched its Liquidity Book model in November.

The DefiantOwen Fernau

Twitter

NFTs

Gucci and Yuga Labs team up to ‘blur boundaries between physical and digital’ Gucci and Bored Ape owners Yuga Labs are teaming up

The move from fashion house Gucci comes as NFT brands search far and wide for new revenue streams.

The BlockLucy Harley-McKeown

Ticketmaster Debuts NFT-Gated Ticket Sales, Starting With Avenged Sevenfold - Decrypt

After developing the feature with the metal band, Ticketmaster is offering artists a token-gated option for exclusive ticket access.

DecryptAndrew Hayward

Disney cuts metaverse division under Iger’s restructuring

Disney has cut its metaverse division as part of the layoffs that will begin this week.

CNBCAshley Capoot

Macro econ/ Regulations

Tokenized Real Estate: Crypto Hungry for Real-world Assets

Tokenized real estate is a novel solution to this problem, opening the doors to fractionalized digital assets.

BlockworksShalini Nagarajan

CFTC sues Binance and its CEO ‘CZ’ for allegedly violating US laws

The CFTC sued Binance and its CEO on Monday over the exchange’s lack of registration in the U.S. despite allegedly allowing U.S. customers to open accounts.

The BlockSarah Wynn

Mysterious entity may be collecting BTC users’ IP addresses — Bitcoin developer

The entity uses a range of 812 different IP addresses to obscure its identity while collecting data.

CointelegraphTom Blackstone

Bitcoin is poised to blow up Africa’s $86 billion banking system

CNBC spoke to entrepreneurs in Nigeria and South Africa who have integrated the Lightning Network into mobile money.

CNBCMacKenzie Sigalos

Research reports/videos (DYOR)

Nada for this week!