The DeGen Bible to Financial Freedom - Vol.25
Starfish Finance is leading Entertainment-Fi with Arbitrum's ONLY prediction market. DeFi is the only viable business model. Stablecoin total market cap continues to fall. No FOMC in April! Happy Easter!
![The DeGen Bible to Financial Freedom - Vol.25](/content/images/size/w2000/2023/04/ST25.jpg)
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.
![](https://news.starfish.finance/content/images/2023/04/Screenshot-2023-04-03-at-5.56.07-PM.png)
- 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
![](https://news.starfish.finance/content/images/2023/03/image-5.png)
- 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.
![](https://news.starfish.finance/content/images/2023/04/image.png)
- 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
Bitcoin Fear and Greed Index is 63 - Greed
— Bitcoin Fear and Greed Index (@BitcoinFear) April 3, 2023
Current price: $28,340 pic.twitter.com/qsTG0pqKhO
- Still very high for such price level. Unsure how long can this hold.
Daily #CBBI status update:
— CBBI - ColinTalksCrypto Bitcoin Bull Run Index (@CBBI_daily) April 2, 2023
https://t.co/YpDBHLshNn
𝐂𝐎𝐍𝐅𝐈𝐃𝐄𝐍𝐂𝐄 𝐒𝐂𝐎𝐑𝐄: 2️⃣5️⃣
🗓 Apr 2nd, 2023
The price of #Bitcoin is $28,399 pic.twitter.com/qaQyomivm1
- Keeping steady. CBBI is an excellent reference to time BTC price movements.
📰 Current affairs
Starfish Finance:
![](https://miro.medium.com/v2/resize:fit:1200/1*ZZiyKdodQxpvWIcsrxxZkg.jpeg)
![](https://www.coindesk.com/resizer/HLIBFqNSDDZBk7FUcJkHYqL2FnM=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5PYAQCNBT5EPZK7VRYVEV3PH3Y.jpg)
![](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/storage/uploads/view/e13debdaabceb382fedffe160c8a9df2.jpg)
BTC
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2020/08/microstrategy-bitcoin-investment-gID_1.jpg@png)
![](https://www.coindesk.com/resizer/lwD2cqY6zJVv6_c0qy4pwikDNXU=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3NHKAY3VMRETJGCBICQFF2KMOE.jpg)
ETH
![](https://the-defiant-web.s3.amazonaws.com/img/2023/03/29153858/April12Shapella.jpg)
Layer 1s/ Major DeFi
![](https://blockworks.co/_next/image?url=https://blockworks-co.imgix.net/wp-content/uploads/2023/03/USDC.jpg&w=1920&q=75&webp=false)
![](https://the-defiant-web.s3.amazonaws.com/img/2023/03/29203137/TraderJoeLiq.jpg)
Playing devils advocate here...
— Dylan LeClair 🟠 (@DylanLeClair_) March 30, 2023
Maybe the $BTC rally to start '23 is an illiquid name that got beat to a pulp in '22 catching some flows YTD, instead of it suddenly being treated as a banking system hedge.$META - 2022: -63.7%, 2023: +73.8%, $BTC - 2022: -64.5%, 2023: +69.4% pic.twitter.com/zeClJWR0Sc
I just interviewed @0xWangarian, co-founder of Tangent Ventures with @mrjasonchoi.
— Miles Deutscher (@milesdeutscher) March 28, 2023
Over an alpha-packed 70 minutes, we discussed:
• The top narratives to look out for
• L2s and ZK
• The best strategy for smaller traders
and more.
Here are the 13 most important takeaways.👇
NFTs
![](https://www.tbstat.com/wp/uploads/2023/03/YLxGucci_partnership_keyArt_2x3-1013x675.png)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/03/avenged-sevenfold-logo-gID_7.png@png)
![](https://image.cnbcfm.com/api/v1/image/107192351-1675986019649-NUP_200635_00023r.jpg?v=1680009367&w=1920&h=1080)
Macro econ/ Regulations
![](https://blockworks.co/_next/image?url=https://blockworks-co.imgix.net/wp-content/uploads/2023/03/digital-real-estate-tokenization.jpg&w=1920&q=75&webp=false)
![](https://www.tbstat.com/wp/uploads/2023/03/20230317_Binance_Color-1200x675.jpg)
![](https://image.cnbcfm.com/api/v1/image/107215223-1679839185536-signal-2023-03-22-092958_006.jpeg?v=1679839249&w=1920&h=1080)
Research reports/videos (DYOR)
Nada for this week!