DeFi

DeFi

Finance

Crypto finance is beginning to look at lot more traditional, Aave and Ethena founders say

Until recently, crypto users mostly traded tokens or borrowed against them, often chasing high, but unpredictable yields. New tools allow them to lock in returns, even in a market known for big swings.

Aave Labs founder Stani Kulechov and Ethena founder + CEO Guy Young (Margaux Nijkerk/ CoinDesk)

Finance

ParaFi defies crypto market downturn with $125 million raise for new fund: Bloomberg

The firm now manages about $2 billion, having already raised an additional $325 million for existing crypto investment strategies since last year.

Scattered pile of $1 bills (Gerd Altmann/Pixabay)

Finance

Pharmaceutical firm pivots to stablecoins, holds nearly 9% of SKY's supply

Nanocap NovaBay Pharmaceuticals changed its name to Stablecoin Development Corporation.

Money on a printer (Clay Banks/Unsplash)

Opinion

How DeFi is quietly rebuilding the fixed-income stack for institutional capital

The real institutional prize isn’t about tokenized assets. It’s about programmable yield.

CoinDesk

Finance

Grayscale wants to bring the world's hottest crypto trading frenzy to your brokerage account

The Hyperliquid network has seen significant growth, with weekly derivatives trading volume exceeding $50 billion and 24-hour fee revenue of $1.6 million.

Grayscale's new ad campaign can be seen in New York's Penn Station. (Nikhilesh De/CoinDesk)

Tech

DeFi risk management giant Gauntlet sees $380 million exit as OKX crypto campaign ends

Gauntlet noted that deposits are now back to same levels before the campaign, and has navigated large capital swings before due to incentive campaign endings, airdrops, and shifts in market conditions which regularly produce short-period swings in either direction.

Gauntlet's Tarun Chitra speaks on a CoinDesk virtual panel (CoinDesk)

Finance

Browser maker Opera seeks 160 million CELO stake to become key network stakeholder

The proposed allocation represents a major share of Celo's circulating supply and 16% of its maximum supply.

opera browser on smartphone (Zulfugar Karimov/Unsplash/Modified by CoinDesk)

Markets

Bitcoin’s biggest DeFi drawback under attack as OpNet unlocks smart contracts on mainnet

Bitcoin’s biggest limitation is being challenged as OpNet brings native, yield-generating DeFi directly to the Bitcoin mainnet.

Abstract blockchain networks illustration with glowing cubes representing digital assets

Markets

Venus’ XVS token plunges 9% as exploit leaves protocol with bad debt

The exploit, which occurred on March 16, didn’t appear to impact XVS prices until analysis showed major holders moving large amounts to exchanges.

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

CoinDesk Indices

Crypto Long & Short: When price stops working, yield starts mattering

In this week’s Crypto Long & Short Newsletter, Ruchir Gupta writes on how we’re moving toward a true fixed-income market for crypto-native yield. Then, Clara García Prieto on bitcoin becoming mainstream collateral, but most are not prepared for its risks.

Downtown City Skyline across the water