GM Digest #122 (Ah fk wrong graphics lol)
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
TMarket is Back Up
• BTC & ETH rallies back up to $37.3k & $2k while altcoins follow suit
• Bitcoin is facing strong resistant at $38k level, $SOL and $AVAX both show positive PA, increasing 5.5% and 7% respectively
Money Mates Rugged!?
• @moneymatestech, a socialfi platform with financial tooling (that I’ve previously invested in) pulled its liquidity after its public round
• The team has been rolling out different features & tools on its app since socialfi season 2 months ago. Team has gone radio silenced but TG channel & Twitter are still up
Synthetix Perps V3
• The latest upgrade to the Synthetix platform, Perps V3 is about to launch on @BuildOnBase via the Andromeda Release
• Perps V3 introduces several new features to the protocol. These include the addition of new collateral types such as $sUSD, $sETH, and $sBTC. Furthermore, it also incorporates a cross margin account and an enhanced liquidation mechanism for larger positions
• @synthetix_io currently averages around $180M volume per day, with the majority of it coming from @Kwenta_io
• Thoughts: As market volatility makes a comeback, Perps DEXs are experiencing higher volumes and revenue. If you're optimistic about the Perps sector and believe that volatility will persist, the $SNX token appears to be a good play
Unstoppable App Early Access
• @UnstoppableFi is a suite of products that includes a DEX, bridge with direct fiat to crypto rails, and a wallet. Its goal is to provide an on-chain experience similar to a CEX
• The closed early access program for the Unstoppable App has been ongoing, but users can still apply for the public waitlist which will allow them to try the Unstoppable App in the following phase
• Next item on the roadmap for Unstoppable is the launch of Margin DEX early access, scheduled to happen sometime next week
Kronos Research API Keys Compromised
• @ResearchKronos disclosed on X that there were unauthorized access to some of their API keys and they have paused all trading as a result while the team investigates
• The team later updated on the hack and confirmed that losses were about $26m in crypto assets but assured that losses are to be covered internally
• One of the projects affected by Kronos’s trading halt is @_WOO_X due to Kronos Research being their primary LP. However, the issue was quickly resolved with perps and spot trading resuming quickly after
Sam Altman to Remain as Chairman of Worldcoin
• As covered yesterday, Sam Altman who was removed from OpenAI will be keeping his position at Tools for Humanity — the company behind Worldcoin
• The $WLD token is currently trading at $2.30 and has recovered from the sudden drop to $1.80
• There have also been reports of ongoing negotiations for Sam Altman to return to his previous position at OpenAI. According to reports by The Information, these discussions have broken down and Emmett Shear Becomes Interim OpenAI CEO
Misc News
• @citadelswap public sale enters it’s third and final day
• @landxfinance private sale for $LNDX is underway
• Pro-Bitcoin Javier Milei elected as president of Argentina
• @ether_fi Ambassador Program
• @pendle_fi ARB/USDC GM Pool is Live
• $TIME & $WMEMO pumped 1100%+ during the last 24 hours, could not find a reason why
Jeff on holiday so things might be a bit slow this week. Have a great one guys
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*