The DeGen Bible to Financial Freedom - Vol. 2
![The DeGen Bible to Financial Freedom - Vol. 2](/content/images/size/w2000/2022/06/ST2.jpg)
Week 20 June - 24 June 2022
The unbearable bearness of being - Mars Captain
š§ Observations
- Total MC stayed below 1T all week long, worst day broke 800B briefly and renounced back to current level. š
- Now Celsius, 3Arrows narratives are done. Next crypto systemic risk? (After UST-LUNA, stETH-ETH, now what?) šØ
šµ Stablecoin & Market Landscape
(Last 7 day average) Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 15.92% of stablecoin (152.5B) on 0.98T crypto market.
![](https://news.starfish.finance/content/images/2022/06/Frame-4-1.jpg)
![](https://news.starfish.finance/content/images/2022/06/Frame-5-3.jpg)
Stablecoin % stayed high throughout the last 7 days, now at 15.92%. This index, 6-7 days ago, almost broke 16%.
Reminder, in mid-NOV 2021, this percentage was ~4% with a 3T total MC. Now we are at ~15% with a ~0.99T total MC.
![](https://news.starfish.finance/content/images/2022/06/Frame-6-3.jpg)
This week briefly went under 800B, itās back to pre-2021 bullrun level. š·
Reminder, we are at the lowest point in the last 365 days for three consecutive weeks already.
Extreme high correlation US Stock x Crypto by CaptainMars on TradingView.com
Correlation kept at 0.9ish this week. Boomers still influential here. š
![](https://news.starfish.finance/content/images/2022/06/unnamed.png)
Damn, look at that needleā¦ Broke everything š
Crypto companies are raising less š°, come on, WAGMI! šŖ
š¢ Index
Bitcoin Fear and Greed Index is 11 - Extreme Fear
— Bitcoin Fear and Greed Index (@BitcoinFear) June 24, 2022
Current price: $20,935 pic.twitter.com/gAWDGhcY3p
Well, what can we expect, single digit all week long. Extreme bearish! š»
Daily #CBBI status update:
— CBBI - ColinTalksCrypto Bitcoin Bull Run Index (@CBBI_daily) June 23, 2022
https://t.co/YpDBHLshNn
šššš šššššš ššššš: 1ļøā£3ļøā£
š Jun 23rd, 2022
The price of #Bitcoin is $20,713 pic.twitter.com/JUuQWWbap7
Same level as last week, hope the decline stops? š„¶
š° Current affairs
Bitcoin:
![](https://image.cnbcfm.com/api/v1/image/107076194-16553026601655302656-23746004489-1080pnbcnews.jpg?v=1655302659&w=1920&h=1080)
Ethereum:
![](https://dev-www.tbstat.com/wp/uploads/2021/10/20211001-Etherum_Generic.png)
Layer 1s & DeFi:
![](https://www.coindailynews.io/wp-content/uploads/2022/06/mim.webp)
![](https://dev-www.tbstat.com/wp/uploads/2022/03/20220309_Generic_Funding.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2021/06/ftx-ceo-tsm-esports-gID_6.png)
![](https://threadreaderapp.com/images/screenshots/thread/1538609641625735173.jpg)
![](https://www.tbstat.com/wp/uploads/2022/04/20220421_Do-Kwon.jpg)
![](https://www.coindesk.com/resizer/H8fDj1z3tC_rU8YHMIXdPLtawtE=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UFWBNSIM3VHVDG7GEQMWI7OIZE.jpg)
![](https://www.coindesk.com/resizer/LNSr9DOtlQzzkCe2lZnHeAwEctc=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RDPXVN7725AG5PHDBWEPYDZ4SY.jpg)
NFTs & Metaverse:
![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYWUwZTJkYjMtNTc1NS00M2RkLTkyNmItZWU4OWM5YzYyYjRkLmpwZw==.jpg)
![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZmNjMDZlMWQtOTA1MC00NzVkLTkxYzktYjEyMGRkNjc1MzkwLmpwZw==.jpg)
![](https://www.coindesk.com/resizer/o_chqHwncj-7sJn9UVQQ6HfHTN4=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VCT3V3ACA5DI7A2QNCC2GSNOW4.jpg)
![](https://blockworks.co/wp-content/uploads/2022/04/Uniswap.jpg)
![](https://www.tbstat.com/wp/uploads/2022/01/220113_NFT_Generic.jpg)
Macro Economy & Regulations:
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2021/06/bitcoin-el-salvador-gID_6.jpeg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2021/02/Elon-Musk-gID_5.jpg)
![](https://dev-www.tbstat.com/wp/uploads/2020/04/20200421_Three_arrows_capital.jpg)
![](https://image.cnbcfm.com/api/v1/image/107078092-1655756309613-ISW_Bitcoin2022_Press.jpg?v=1655756409&w=1920&h=1080)
![](https://www.coindesk.com/resizer/JB7eOk99bz6ijuaBwBKkvCt_30o=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/34P37VAORNE5ZECKOYQQEJFMA4.jpg)
Interesting Tweets:
Uhhā¦ a massive DAO just voted to ārefundā one of their investors who was owed a 30x return ($5M+)
— Tim Connors is in NYC (@itstimconnors) June 14, 2022
This is an insane story that impacts all builders in web3 and as a founder I need to speak out
Merit Circle DAO vs YGG š§µ
Putin just gave a speech with massive implications for #Bitcoin and global macro.
— Stack Hƶdler (@stackhodler) June 23, 2022
We won't read a word of it in Western media, so I pulled out the interesting bits š
2/
— Solana (@solana) June 23, 2022
Solana
Mobile
Stack
Itās the toolkit you need to build beautiful, seamless web3 mobile experiences, coming first on Saga, a flagship device from @Solanamobile.
Pre-order at https://t.co/pmJe7MUzQl pic.twitter.com/hSYPBaVM2i
Crypto is reaching a breaking point, and it has nothing to do with the Fed, Celsius, jpegs, or DeFi.
— Jack Niewold š«” (@JackNiewold) June 21, 2022
It's us.
We, the users, are destroying crypto.
Let me explain:
Research Reports & Videos (DYOR):
![](https://bitcoinmagazine.com/.image/t_share/MTkwMDU1MDcxNzU5NzM4MTM3/network-nodes-computers-connection.png)
![](https://assets-global.website-files.com/60118ca1c2eab61d24bcf151/628fecebf591cd843fc2bebf_RA%20-%20SM%20-%20R3%20-%20Open%20Graph%20(2).png)
![](https://res.cloudinary.com/dzef804jl/image/upload/v1655657926/Webinar_Tron_1200x675_brrvoc.png)
![](https://miro.medium.com/max/888/1*Dp-QU9Lza7n0_dZEZx6T3w.jpeg)
4th Annual Global Crypto Hedge Fund Report 2022:
https://www.pwc.com/gx/en/financial-services/pdf/4th-annual-global-crypto-hedge-fund-report-june-2022.pdf