The DeGen Bible to Financial Freedom - Vol. 16
![The DeGen Bible to Financial Freedom - Vol. 16](/content/images/size/w2000/2023/01/ST16.jpg)
Week 2 Jan - 7 Jan 2023
The beginning of a boring year, can you hold on?! - Mars Captain
🧠 Observations
- Pretty sure that 2023 will be a boring market all year long 🤡
- USDC might flip USDT MC this year. 👀
- NFT volume showing some resilience, whether it’s wash trading or real retail, it’s worth watching. 📺
- DCG contagion is likely to end within Q1 2023, let’s see what happens with FOMC decision in Feb 2023. 😠
💵 Stablecoin & Market Landscape
Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 15.52% of stablecoin (137.9B) on 0.88T crypto market. Flattening trend continues
Reminder: Mid-NOV 2021, this percentage was around 4ish% with a 3T total MC. Now we are at 15ish% with a 1ishT total MC.
- Now at 0.858T. We are at the lowest period since NOV 2021 😭
Reminder: June 2022 witnessed a bottom of 800ish B MC vis-a-vis the market’s top in NOV 2021 at 3T.
- Showing some resilience and user stickiness on Solana. 👍
- Still not too sure if it survives this winter though. 😂
- FRAX semi-algorithmic stablecoin seems to be the last man standing in this field. 🪖
- FRAX has quite some impressive development throughout 2022, though it doesn’t necessarily reflect in its token value. Worth keeping an eye on the project. ❤️
🔢 Index
Bitcoin Fear and Greed Index is 25. Fear
— Bitcoin Fear and Greed Index (@BitcoinFear) January 9, 2023
Current price: $17,338 pic.twitter.com/CaGs1holmm
- No heartbeat for 2 weeks. Hanging on the 20ish level. 🥱
Daily #CBBI status update:
— CBBI - ColinTalksCrypto Bitcoin Bull Run Index (@CBBI_daily) January 9, 2023
https://t.co/YpDBHLshNn
𝐂𝐎𝐍𝐅𝐈𝐃𝐄𝐍𝐂𝐄 𝐒𝐂𝐎𝐑𝐄: 6️⃣
🗓 Jan 9th, 2023
The price of #Bitcoin is $17,280 pic.twitter.com/2vASWEax0w
- OK first week of 2023, it starts at 6. Let’s keep this in mind. 👌
📰 Current affairs
Starfish Finance:
![](https://www.coindesk.com/resizer/HLIBFqNSDDZBk7FUcJkHYqL2FnM=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5PYAQCNBT5EPZK7VRYVEV3PH3Y.jpg)
![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lMTNkZWJkYWFiY2ViMzgyZmVkZmZlMTYwYzhhOWRmMi5qcGc=.jpg)
Bitcoin:
![](https://bitcoinmagazine.com/.image/t_share/MTc5Mjk3ODExODYyNDY0MTUx/michael-saylor.png)
![](https://www.tbstat.com/wp/uploads/2021/12/20211213_Evolution_of_bitcoin_Mining-1200x675.jpg)
Layer 1s & DeFi:
![](https://www.coindesk.com/resizer/P0s3B2WJgKj621B72NCriXmn6zw=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/OG2Y3VWC55DMHMOVE3HUJ5EW44.jpg)
![](https://www.bitcoininsider.org/themes/custom/mytheme/images/bitcoininsider-logo-social-1200x630.png)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2022/05/lido-finance-tokens-defi-ai-gID_6.jpg@png)
![](https://the-defiant-web.s3.amazonaws.com/img/2022/12/30012956/BearAttack.jpg)
https://www.axios.com/2023/01/04/celsius-bankruptcy-earn-accounts?utm_source=tldrnewsletter
![](https://www.tbstat.com/wp/uploads/2022/11/20221107_BNBChain3-1200x675.jpg)
![](https://www.coindesk.com/resizer/riXF9Zm7jbw6L5DyPizjhDTnmhU=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/JFINBXRVMZH2VP5NIEEKTJBBFA.jpg)
![](https://www.coindesk.com/resizer/PIEH2Mdwb9ERvWGD1wNFtSIE3GA=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EVM4FKHQQBHXLOM42LVZ3YMR5I.jpg)
![](https://www.tbstat.com/wp/uploads/2021/12/211216_Solidity_Rust_Token_Rewards-1200x675.jpg)
NFTs & Metaverse:
![](https://the-defiant-web.s3.amazonaws.com/img/2022/12/28021429/NFTCollectionsThatBuckedTheBear2.jpg)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/01/nfts-money-bored-ape-shutterstock-gID_4.png@png)
![](https://the-defiant-web.s3.amazonaws.com/img/2023/01/06073235/MktsDec22.jpg)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2021/08/avalanche-avax-gID_4.jpg@png)
Macro Economy & Regulations:
![](https://www.coindesk.com/resizer/5mw49N1PAkQiX6CCWzXH0tw-2cQ=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AGTTU24JJRHPHJAHM2G2JWT6TI.jpg)
![](https://cms.blockworks.co/wp-content/uploads/2022/12/crypto-political-2022.jpg)
![](https://www.tbstat.com/wp/uploads/2022/11/20221109_Sam-Bankman-Fried-2-1200x675.jpg)
![](https://www.tbstat.com/wp/uploads/2022/08/20220808_Coinbase-Red-1200x675.jpg)
![](https://cms.blockworks.co/wp-content/uploads/2023/01/kyiv-ukraine.jpg)
![](https://www.tbstat.com/wp/uploads/2019/07/france-flag-french-1200x675.jpg)
![](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2020/06/shutterstock_1246842904-gID_4.jpg@png)
Interesting Tweets:
The most valuable thing you need do for 2023:
— Edgy - The DeFi Edge 🗡️ (@thedefiedge) December 29, 2022
The Yearly Crypto Reflection.
It’s how you can turn this year’s pain into life-changing lessons.
I've made it simple for you.
Answer these 14 questions to become a better Crypto investor:
Market concurrences btwn FTX + Genesis (SBF + Barry)
— Zhu Su 🔺 (@zhusu) January 5, 2023
1) FTX and Genesis lowered steth collat ratio from near 100% to 0% on the same day in May, while themselves shorting steth
2) FTX and Genesis bought unlocking Solana together in huge size pre-cliff, Genesis promising loans
All indications are that the Uniswap team is working on a V4.
— michaeljcohen.eth (@mjayceee) January 3, 2023
In this thread, I’m going to discuss what Uniswap V4 might look like and why.
1/🧵
You can generate wealth if you're early to the right crypto narratives.
— Edgy - The DeFi Edge 🗡️ (@thedefiedge) January 5, 2023
Here are 13 narratives you should watch in 2023 (and a few to avoid):
Research Reports & Videos (DYOR):
![](https://cms.blockworks.co/wp-content/uploads/2022/12/positive-crypto-2023.j.jpg)
https://drive.google.com/file/d/1ET__oUi5LeoKBxX2pBZu0FL9AaQ9B56R/view