Bitcoin Rallies Over $75K
Plus, Sky's TVL surges
Olivia Capozzalo & Camila Russo
March 16, 2026
Happy Monday, Defiers!
Bitcoin soared above $75,000 on Monday, boosted by Strategy’s largest purchase of the year so far. Layer 1 tokens led the charge, with ETH surging 10% and SOL, DOT, ADA, and XRP also posting solid gains.
In other news:
- Sky TVL surges almost 40% this month
- SEC, CFTC officially promise to coordinate
- BlockFills files for bankruptcy
- WhiteBIT and 10 Other Firms Enter Ghana's First Crypto Regulatory Sandbox [MEDIA PARTNER]
Read more below! But first, please give our sponsors some love; they make this newsletter possible.
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We’re back! Here’s what you need to know in web3 today
📈 Markets in the Past 24 Hours
| TICKER | VALUE | 24H | |
|---|---|---|---|
 | Bitcoin | $73,467 | 2.90 % |
 | Ethereum | $2,282.19 | 9.12 % |
 | XRP | $1.5 | 6.16 % |
 | BNB | $673.17 | 2.10 % |
 | Solana | $93.28 | 6.41 % |
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🎬WATCH
Will Aave’s New Plan Change DeFi Forever? | Stani Kulechov Explains
In this episode of The Defiant Podcast, Cami sits down with Aave founder Stani Kulechov.
Aave is navigating a pivotal moment with the recent "Aave Will Win" proposal. This initiative aims to redirect 100% of protocol revenue back to the Aave DAO, a move that many in the community have embraced. But with any major change comes scrutiny.
Watch the full interview:
Top News Since Friday
Sky TVL Surges 38% in March
Sky, the successor to MakerDAO, is off to a strong start this month, with its total value locked (TVL) climbing to $7.52 billion, a 38% increase since March 1, according to DefiLlama.
Why it matters: As DeFi yields have dried up in the wake of the market downturn, Sky’s fixed 3.75% savings rate is higher than stablecoin supply rates on major protocols like Aave and Morpho.
SEC and CFTC Sign Memorandum to Coordinate Crypto Regulation: Agencies
The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission have signed a memorandum of understanding aimed at improving their combined regulatory approach to the digital asset sector.
Why it matters: The historic move for crypto follows months of joint efforts between the agencies to harmonize crypto regulation and align their oversight frameworks
Crypto Lender BlockFills Files for Chapter 11 Bankruptcy: BlockFills
BlockFills, an embattled crypto lender, has filed for Chapter 11 bankruptcy protection in the United States. The filing comes weeks after the platform suspended all deposits and withdrawals, citing difficult crypto market conditions. The bankruptcy marks a major failure in the centralized lending sector.
Why it matters: Last month, BlockFills suspended customer access to funds after sustaining a $75 million loss.
Trending on The Defiant
- SEC and CFTC Sign Memorandum to Coordinate Crypto Regulation: Agencies
- Ethereum Foundation Sells 5,000 ETH for $10.2M in OTC Deal: Ethereum Foundation
- F1's Multi-Million Crypto Sponsorships at Risk as Middle East Conflict Forces Race Cancellations: FIA
- Sky TVL Surges 38% in March
- Bitcoin Hits 20 Million Mined Milestone, Leaving Only 1 Million Coins Left: Mining Industry
- US CLARITY Act Unlikely to Pass Senate Banking Committee Before April: Senator John Thune
That’s it for today — if you enjoyed this newsletter, tell your friends! https://thedefiant.io/subscribe
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