The DeGen Bible to Financial Freedom - Vol. 8
![The DeGen Bible to Financial Freedom - Vol. 8](/content/images/size/w2000/2022/09/ST8.jpg)
Week 29 Aug - 4 Sept 2022
Detail info: bit.ly/SEANIDO
Privacy is a human right, and so as crypto! - Mars Captain
🧠 Observations
- Will stop US stock correlation tracking, seeing less relevancy, even with high correlation. 😠
- Quiet week, feels like a storm going up following The Merge is coming. Can’t see any negative news out there, unless Celer Network collapses as hackers eye on bridges. 🥱
- Entering Q4, EU winter approaches, China Standing Committee meeting soon, Russia not backing down. Geopolitics matters. 🕳️
💵 Stablecoin & Market Landscape
Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 15.4% of stablecoin (154.31B) on 1T crypto market. Flattening trend continues
![](https://news.starfish.finance/content/images/2022/09/defillama.jpg)
- (From DeFiLama) MIM has been performing in the last 30 days. 👀
- Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 15.4% of stablecoin (154.31B) on 1T 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.
![](https://news.starfish.finance/content/images/2022/09/chart.png)
- Now at1.02T, the last two months has been playing with the 1T MC line. 😓
Reminder: June 2022 witnessed a bottom of 800ish B MC vis-a-vis the market’s top in NOV 2022 at 3T.
![](https://news.starfish.finance/content/images/2022/09/Screenshot-2022-09-08-at-12.09.16-PM.png)
- Mentioned this the 3rd time. Captain thinks that there will be a lot of values to capture in these L2s after the Merge, and in the next bull run. (Given ETH might capture even more market share in the crypto market.) 👨🏫
![](https://news.starfish.finance/content/images/2022/09/unnamed--2--1.png)
- In that sense, Celer must be handling a lot of attacks since Ronin. And, I bet at some point someone will break Celer and trigger another big headline. Is Polkadot’s XCM safer or risk-free by default? 🎭
- Me as a strong believer of DeFi, and so far the only business model in the blockchain economy that generates revenue. Being a top DEX is still an achievable and profitable goal for any DEX buidlers. 💪
- Curve must have suffered a lot in USTC & other stables blows. Still. That TVL is impressive. ☺️
- Why Sunswap is there though? ❓
![](https://news.starfish.finance/content/images/2022/09/SJM3DG4Z75DXVMNWZXPFSUUHRU.png)
- Web3 engineers won’t be afraid of inflation. 🧠
🔢 Index
Bitcoin Fear and Greed Index is 23 — Extreme Fear
— Bitcoin Fear and Greed Index (@BitcoinFear) September 5, 2022
Current price: $19,774 pic.twitter.com/RDZxaKYNMO
- Stabilizing the 20ish zone for 2 weeks now 🤔
Daily #CBBI status update:
— CBBI - ColinTalksCrypto Bitcoin Bull Run Index (@CBBI_daily) September 5, 2022
https://t.co/YpDBHLshNn
𝐂𝐎𝐍𝐅𝐈𝐃𝐄𝐍𝐂𝐄 𝐒𝐂𝐎𝐑𝐄: 6️⃣
🗓 Sep 5th, 2022
The price of #Bitcoin is $19,695 pic.twitter.com/IrmJxwnbWd
- We need more faith in the King. 👑
📰 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)
![](https://miro.medium.com/max/1200/1*2eSTOTBE30AXVP8zevwg8g.jpeg)
Bitcoin:
![](https://www.tbstat.com/wp/uploads/2020/11/20201117_Mining-Daily.jpg)
![](https://the-defiant-web.s3.amazonaws.com/img/2022/08/31150612/BTCDominanceDOWN.jpg)
Layer 1s & DeFi:
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/08/solana-and-helium-gID_6.png)
![](https://techcrunch.com/wp-content/uploads/2022/08/GettyImages-1400209679-e1661936948789.jpg?w=1200)
![](https://www.coindesk.com/resizer/0JpAL-yy5CrMBekXU_62B249DbI=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WSFJNYCQ5ZH5XAICM5NU5RIHXQ.jpg)
![](https://www.coindesk.com/resizer/r8hQFZIfDnyjRXmPmHl6Ce2tBck=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FRESXIXGVVAV5DBOBDTC3HW2V4.jpg)
NFTs & Metaverse:
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/01/opensea-nft-marketplace-gID_2.jpeg)
![](https://www.tbstat.com/wp/uploads/2021/11/20211115_Crypto_Airdrop.jpg)
![](https://www.tbstat.com/wp/uploads/2022/05/20220518_Meta-Facebook.jpg)
Macro Economy & Regulations:
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/igJh1ib2nQzc/v1/1200x900.jpg)
![](https://www.tbstat.com/wp/uploads/2019/06/iran-btc-1-e1582805504269.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/08/Stablecoins-Shutterstock_2159674393-16x9-1-scaled-gID_5.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/06/celsius-logo-black-background-gID_5.jpg)
Interesting Tweets:
🤔 What's @Polkadot up to?
— CoolWallet (@coolwallet) August 31, 2022
A @MessariCrypto @nickdgarcia report analyzed Polkadot's 2022 milestones, highlighting 435k active chain users and 3.5% increase in $DOT staking
Read more about the chain's achievements so far and their upcoming developments👇https://t.co/jafUEfS6jH
![](https://threadreaderapp.com/images/screenshots/thread/1566433356472094720.jpg)
Research Reports & Videos (DYOR):
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/08/mark-zuckerberg-meta-metaverse-e1661424792823-gID_7.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/08/tycho-1-Cropped-gID_1.jpg)
![](https://www.coindesk.com/resizer/BWJd1iYo8eFTw2qG-Z1zNnNW3KA=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HGP75UOPKJGJZKFVKT5XT2EOLI.jpg)
![](https://www.coindesk.com/resizer/rDrF_FrzWEKN9VnJLiDlnLaIYcw=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HEVE4V5MQVFDVLEIHVWGVNOLHA.jpg)