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Monday Morning Market Update
Here are some of the assets that performed the best... and the worst... over the past week, plus whatās moving today.
Precious metals (Gold & Silver)
Gold and silver extended their rally over the past week as safe-haven demand and a softer U.S. dollar continued to drive inflows. That momentum accelerated this morning, with gold pushing to record highs aboveĀ $4,400/ozĀ and silver hitting a fresh all-time peak nearĀ $69.44/oz, cementing silverās roughlyĀ 130% year-to-dateĀ gain.
U.S. Dollar (DXY)
The dollar softened over the past week following November CPI data showing inflation atĀ 2.7%, reinforcing expectations for future rate cuts. This morning, the DXY is holding steady nearĀ 98.6, a level that continues to support commodities and precious metals amid year-end positioning.
Energy (WTI & Brent)
Oil prices weakened through much of last week, with both Brent and WTI finishing down aboutĀ 1%Ā as oversupply concerns briefly outweighed geopolitical risks. Today, prices are edging higher, withĀ Brent near $61Ā andĀ WTI around $57, after weekend developments involving a U.S. interception of a Venezuelan tanker added a modest risk premium.
Equities
U.S. equities posted modest gains over the past week, with theĀ NASDAQ 100 up 0.59%Ā and theĀ S&P 500 rising 0.10%, as investors remained selective into year-end. Futures are higher this morning as the seasonal Santa Claus rally window begins, while in Asia theĀ Nikkei 225 moved above 50,000 for the first timeĀ following the Bank of JapanāsĀ rate hike to 0.75% on Friday, the highest level in 30 years.
Digital assets
Bitcoin spent last week consolidating in a narrow range betweenĀ $88Kā$89KĀ as liquidity thinned ahead of the holidays. That pattern continues this morning, with BTC still searching for direction after a roughlyĀ 30% pullbackĀ from its October record high nearĀ $126K.
ENTRY is building the rails where privacy and compliance work together to bring the next wave of assets onchain.
That means more more opportunities, deeper liquidity, and full privacy in an expanding DeFi ecosystem.
Mass adoption incoming ā”ļø
š„ THE WAIT IS OVER!
csUSDL is now live on @pendle_fi.
Trade, LP, or earn fixed yield on an institutional-grade, yield-bearing stablecoin ā and stack up to 30x Shift points.
Hereās everything you need to know š
TL;DR
⢠Pool Maturity: July 31, 2025 (97 days to go!)
⢠Buy PT-csUSDL: Lock in fixed yield until maturity
⢠Buy YT-csUSDL: Get leveraged exposure to base yield + Shift points
⢠Hold LP-csUSDL: Earn base yield, Shift points, and $PENDLE incentives
1ļøā£ What is csUSDL?
Coinshiftās yield-bearing stablecoin backed by @Paxosā USDL (T-bills) + @MorphoLabs lending.
Where does the base yield come from?
⢠T-Bill yields
⢠DeFi lending markets on Morpho
⢠$MORPHO incentives
2ļøā£ What can you do with csUSDL on Pendle?
i. Lock in fixed yield?
Buy PT-csUSDL to secure a fixed return until July 31, 2025.
(You forgo variable yield and SHIFT points for predictability.)
ii. Bullish on yield and airdrops?
Buy YT-csUSDL to earn 100% of csUSDLās yield +
ā 30x Shift points until May 21
ā 20x thereafter, until maturity
(Just note: YT expires at maturity.)
iii. Want exposure to both sides?
Holding LP-csUSDL earns you:
⢠Yield from SY + PT
⢠$PENDLE incentives (already live)
⢠Swap fees
ā Plus, 30x Shift points on the SY portion (until May 21)
The csUSDL pool is already eligible for $PENDLE emissions. Incentives will increase as votes and demand grow via @Penpiexyz_io / @Equilibriafi (coming soon).
ā¹ļø Whatās SY-csUSDL?
⢠SY is the wrapped version of csUSDL used on Pendle
⢠It gets split into PT + YT
⢠Makes up the majority of LP-csUSDL
⢠You get SY automatically when you zap into the csUSDL pool
4ļøā£ The SHIFT points program is already live!
Ready to get started? š
Zap into the csUSDL pool to get SY-csUSDL and start earning up to 30x Shift points.
Pro tip: To avoid selling your YT during zap-in (and keep full exposure to yield + Shift points), enable āKeep YT Modeā.
A full breakdown of the SHIFT points program is coming soon.
Follow @0xCoinshift for more updates. š
The Shift is Coming.
Complete daily quests. Mint NFTs. Climb the leaderboard.
$1,500+ in rewards up for grabs before TGE! š
Now live in partnership with @megaphone_hq š
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