📉Crypto Assets Crash To Fresh 2024 Lows

DeFi Alpha

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Crypto assets are in free-fall, with the combined crypto cap tumbling 16% in two weeks. However, Bitcoin and DeFi assets are performing stronger than the broader digital asset sector, posting losses of 5% and 7.5% respectively.

In other news, the Ethereum Foundation has offloaded $1.6M worth of Ether, EtherFi's TVL is up 140% since the start of January, and the Rari Chain Layer 3 network is live on mainnet.

Also, Terraform Labs has taken the "strategic step" of filing for bankruptcy.

✍️ In today’s newsletter:

Crypto market cap crashes 16% in two weeks
Ethereum Foundation sells $1.6M in ETH
EtherFi TVL nearly doubles in three weeks
Terraform Labs initiates bankruptcy proceedings

🎙️The Defiant Podcast & Interviews

DEX Aggregator Matcha Adds NEW Cross-Chain Functionality

🎬 WATCH

Check out our interview with the popular crypto trader and commentator, Fiskantes, to get his take on the recent bullish market momentum. Also watch our podcast with Mustafa Al-Bassam, CEO and Co-Founder of Celestia Labs, to learn more about modular blockchain architecture and data availability.

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