Alpha issue #58
DMH's spotlight, new concepts and narratives, guides & more!
DMH Newsletter is a vital news hub with crucial updates & narratives and trends
Today you will find Alpha on:
Spotlight
Updates & Upgrades in DeFi
OnChain & Macro & News
Alpha by Threadors
Exploits & Bugs
Today’s Newsletter is brought to you by Kyberswap
Multichain #DeFi exchange & aggregator on 13 chains⚡Swap at the best rates⚡LPs earn more | $KNC alpha: http://Discord.gg/kyberswap | TG: http://t.me/kybernetwork
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KyberSwap Description
My friends from KyberSwap are one of the OGs in the space. They launched in 2017 and since then they have built the most integrated DEX aggregator with over 70 DEXes on 14 chains.
They have a unique concentrated liquidity design. Liquidity Providers do get not only high fees from the trading pools but also extra farming rewards on top of them.
Kyber also reworked Discovery Tool into KyberAI which brings a lot of insights about the market but it is still in Beta. I will update you when it is available for everyone
#KyberSwapOnBase campaign
Celebrate KyberSwap's expansion to @BuildonBase by showcasing your creative brilliance!
🌟Post submissions on X, tag @KyberNetwork, and use #KyberSwapOnBase.
Win 600 $KNC in our #KyberOnBase Contest. Get thinking and participate before the contest ends on 29 September! ⏰Read more - link!
2/➯ Updates & Upgrades in DeFi
① Huobi wallet security violation
② MakerDAO has once again increased its RWA assets by $100 million
③ Optimism to distribute unclaimed funds from the first airdrop
④ Introducing Velodrome Slipstream
⑤ Prisma Finance: new debt caps filled in 1H 40M
⑥ Aztec now has an innovative contract framework for privacy
⑦ Gelatonetwork launching their zkRaaS in Q4
⑧ Avalanche's HyperSDK has reached 143k TPS on the test network
⑨ Safe integrates with Polygon zkEVM
Astar powered by Polygon’s CDK utilizing Polygon zkEVM to form Astar zkEVM
⑩ Wallet Health & Value at Risk by Revoke Cash
⑪ Elixir’s latest native exchange integration- Bluefin
3/➯ Macro Metrics 📈
① Small changes can have a big impact on GDP growth.
A $30b decrease in a quarter equals a 2pp reduction in annualized growth rate, which can be the difference between positive and negative growth.
By the way, the auto industry is around $200b per quarter, with the Big 3 comprising half of that.
② German bund yields keep rising w/10y, 20y, and 30y yields at highest level since 2021.
③ Open interest up over 10% in 3 hours
④ Active Inventory in August: -
Summary of active listings for housing markets in August.
Inventory is down 4.7% YoY, slightly smaller decline than July.
⑤ Bank deposits are still contracting at an unprecedented rate
⑥ Treasury Yields Rise To Begin Fed Week - Walter Bloomberg
⑦ Economic Data Precedes Fed Meeting, Affects Stock Trading
Market Movements:
S&P 500: -0.4%
Dow: -37 points
Nasdaq: -0.5%
4/➯⛓️On-Chain Data
① Base formed, bear-zooka candle printed. If we break 28k, it upgrades to bear-nuke-a candle
Failure to break means another dip before bears are nuked - CrediBULL Crypto
② World's Top 10 Bitcoin Holders
③ 2012 and 2015 did it. Can #Bitcoin do it now?
One break below the 20 Week Exponential moving average is all you got then
But many are copy-pasting last cycle onto this one
Black swan failure and all. If Bitcoin reclaims this Moving Average and tests it as support, I think the bull is back. Both 2012 and 2015 did this in one swoop up. Can we do it again?
④ Chainlink Bearish Signal: Whales Deposit $350M In LINK To Exchanges
④ Trading volume on Binance US is now down 99.2% over the last 6 months - JJcycles
⑤ Over $1.0 Billion USD has been traded on GMX v2 since its launch on August 2nd - JJcycles
5/➯ VITAL NEWS📰₿
① THE $300 TRILLION QUESTION (Bloomberg)
How long can the world’s borrowers hold on as higher interest rates bite?
② APPLE’S JUST-GOOD-ENOUGH LINEUP WILL HOLD IT OVER UNTIL NEXT YEAR
③ FTX reopens claims portal following security incident
④ Coinbase earned $1 million from a trade related to the Curve hack, but victims claim they won't return the money.
⑤ US lawmakers advance legislation blocking the digital dollar
⑥ South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
6/➯ Alpha by Threadors
① More than 100 Hours of Research to Answer these Questions:
Why do airdrops happen? leshka_eth
② The AUM of Hedge Funds is $5 Trillion in 2023.
Hedge funds have a history of producing High Returns for investors.
A Hedge Fund like platform on Arbitrum ( $ARB ) explained -
③ Deep dive into friendtech - by Aylo
④ Account Abstraction: The Pathway to Mass Adoption - andrew.moh
⑤ Tokenization is inevitable - AlΞx Wacy
7/➯ Exploits & Bugs
① Remitano exchange hacked for $2.7M; $1.4M frozen by Tether
② Regarding the JPEX crypto exchange Rugpull, Hong Kong police arrested four men and two women today for suspected fraud.
1,408 people reported the crime to the police, involving around HK$1 billion.
③ This Is How Billionaire Mark Cuban Lost $870,000 In the Latest MetaMask Wallet Hack🙁
That’s it for today frens!
Thank you for staying with us. Your future self will be grateful.
You can follow me on Twitter ➯ DeFi_Made_Here
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