⏬ Bitcoin Hits $80K as Inflation Cools

gm Defiers!

The crypto market slid on Thursday despite cooling inflation, with Bitcoin dropping to $80K. Meanwhile, Ethereum recorded $1.8B in exchange outflows last week.

Aave Labs launched Horizon to tap into the growing $4B tokenized Treasuries market, while AI investment firm MGX made a record-breaking $2B investment in Binance via stablecoins.

✍️ In today’s newsletter:

Crypto slips as inflation cools, Bitcoin hits $80K
Ethereum outflows soar to $1.8B
Crypto funding lags behind last cycle’s highs
Abu Dhabi firm pours $2B into Binance via stablecoins
Aave Labs launches Horizon to connect institutional capital with DeFi

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⏬Crypto Market Dips for Second Day as U.S. Wholesale Inflation Cools

The crypto market slid on Thursday despite a cooler-than-expected inflation report, with Bitcoin dropping 3% to $80,000. Ethereum fell 2.5% to $1,830.

💸Ethereum Exchange Outflows Hit $1.8B Last Week

Ethereum (ETH) recorded $1.8 billion in exchange outflows last week—the highest since December 2022—while prices have plunged nearly 50% in three months, currently sitting at $1,841.

😩Crypto Funding Struggles to Reclaim Last Cycle’s Highs

Despite crypto-friendly signals from the Trump administration, VC funding remains cautious, with February 2025 raising just $1 billion. This is an 85% drop from the $7 billion peak in 2021.

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🇦🇪Abu Dhabi Firm Invests $2 Billion in Binance via Stablecoins

AI investment firm MGX is making its crypto debut with a record-breaking $2 billion investment in Binance. This the largest ever in a crypto company and the biggest made via stablecoins.

🦄 Aave Labs Unveils Horizon to Bridge Institutional Capital and DeFi

Aave Labs has launched Horizon, an initiative to connect DeFi with institutional capital as demand for tokenized real-world assets (RWAs) surges.

With tokenized Treasuries projected to hit $16 trillion on-chain, Horizon will let institutions use tokenized money market funds as collateral for stablecoin loans.