🚨Daily Alpha & Highlight (21 Aug'23)🚨
Presented by 😀Layergg

• Thorchain officially launches lending feature

• Maker considers reducing DSR from 8% to 5%. Following this proposal, some whales including Justin Sun have withdrawn from the pool.

• Friendtech plans to distribute 100 million points over a 6-month beta period. Each point is expected to be worth $0.6.

• Vitalik Buterin has deposited 600 ETH into Coinbase at UTC 03:34:35.

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💎Highlights for the Upcoming Week💎
Presented by 😀Layergg

• $BTC - A resolution in the Grayscale-SEC lawsuit may come by the end of August. The scheduled Jackson Hole meeting this week might trigger Bitcoin's volatility.

• ETH/BTC - Bitcoin's dominance is declining. A pennant pattern is anticipated in the ETH/BTC chart.

• Friend.tech - CoinGecko has introduced a Friend.tech screener.

• $RUNE - THORChain launched its lending feature on August 21. *When lending, an amount equivalent to the loan is burned in $RUNE.

• $INJ - Injective 2.0, launched on August 17, incorporates a mechanism to burn tokens weekly.

• $FXS - A V3 launch is slated for the end of August.

• Helio Protocol - Recently secured a $10 million investment from Binance Labs. Users minting $HAY will be rewarded with the $HELIO governance token.

• EigenLayer Protocol - On August 22, they plan to increase the LSD restaking cap to 100k LSTs.

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#Highlight #Upcoming

🚨 #VenusProtocol Exploit Recap🚨
Presented by 😀Layergg

🔸Last Oct: 2M BNB ($600M) exploit.
🔸BNB hacker: Took $150M loan w/ 900K BNB collateral.
🔸BNB short spike in June.
🔸CZ & team intervene. BNB: $220-$260.
🔸Aug 18: $BTC drop leads to $30M BNB liquidation.
🔸Market wary of potential $BNB sell-off (780K, $124M).

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😃@Layergg @Coinkor

🚨Daily Alpha & #Highlight (22 Aug'23)🚨
Presented by 😀Layergg

• Thorchain's Lending RUNE Burnt increased by -232k in just 8 hours, marking a 1.5x rise. Concurrently, $RUNE's price surged by 10%, moving from $1.6 to $1.75.

• $WAVE is a Russian narrative. The correlation with events, like the US Embassy in Belarus issuing an immediate departure recommendation for all American citizens residing in Belarus, is significant.

• Maker's DAI market cap expanded from 4B to 5B in a single day. The ESDR is set to adjust from 8% to 5%, and an upcoming $SPK airdrop is announced.

• SocialFi is gaining momentum, influenced by the Friend.tech app. As a result, $CYBER, newly listed on Binance, saw a 20% spike within 8 hours. Listed on the Upbit BTC market.

• Base Chain's TVL broke through the 250M mark, showing a clear correlation between the growth of Base Chain and the price dynamics of $OP.

• BNB is entangled with the Venus Protocol hacking incident. Its major support level at $220 collapsed. A potential dip below $200 could have significant ramifications for the market.

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😃@Layergg @Coinkor

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