DeFi

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.

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.

Pharmaceutical firm pivots to stablecoins, holds nearly 9% of SKY's supply
Nanocap NovaBay Pharmaceuticals changed its name to Stablecoin Development Corporation.

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.

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.

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.

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.

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.

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.

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.

