DeFi United Hits rsETH Recovery Target

gm, Defiers!

TL;DR:

• DeFi United reaches fundraising target
• Crypto markets slide after Trump calls off Iran talks
• NFT sector posts best 30-day performance in months
• Energy Web Is Building the Verification Layer for Real-World Markets [MEDIA PARTNERSHIP]

Let’s dive in.

Bitcoin slipped on Monday after briefly tagging $79,500, as oil pushed to multi-week highs on stalling U.S.-Iran peace talks and traders positioned for Wednesday's FOMC decision and a wave of mega-cap tech earnings.

Meanwhile, the DeFi United coalition crossed its fundraising target over the weekend as commitments continued to flow in from the likes of Consensys, Solana, TRON, and Avalanche. Aave founder Stani Kulechov said the recovery fund has reached the level needed to fully back rsETH, subject to pending votes, indicative agreements, and successful execution.

And in a corner of the market many had written off, NFTs are quietly mounting another comeback. Global NFT market cap topped $2 billion over the weekend for the first time in three months, with Yuga Labs' blue chips leading the charge alongside renewed bids for Azuki, Doodles, and Meebits.

Nexo is a digital wealth platform offering crypto yield up to 15% and crypto-backed credit lines from 1.9%. Join and get 30-day access to exclusive rates. Terms apply.

	TICKER	VALUE	24H
	BTC	$76,955	▼ 1.64%
	ETH	$2,292.37	▼ 3.18%
	XRP	$1.39	▼ 2.64%
	BNB	$623.88	▼ 1.82%
	SOL	$84.24	▼ 2.94%

Forwarded this newsletter? Subscribe for daily insights and curated news from The Defiant team, Monday-Saturday. It’s free.

Subscribe

Can Privacy and Transparency Coexist?

A new documentary from The Defiant and Rekt News.

Every wallet is an open book. Institutions sit at the threshold, waiting for an answer to a question that's haunted this industry for a decade: can you build a system that's open enough to be trustless and private enough to be usable?

DeFi United Hits Recovery Target as Consensys, Solana, TRON Pledge Support

Aave founder Stani Kulechov said the DeFi United recovery fund has reached the level needed to fully back rsETH, subject to pending votes, indicative agreements, and successful execution.

Why it matters: The coalition crossed its fundraising target after a flood of weekend commitments from across the Ethereum, Solana, TRON, Avalanche, and Bitcoin ecosystems.

Bitcoin Stalls Below $80K as Geopolitical Risk Returns Ahead of Fed

Bitcoin briefly tagged $79,500 on Monday before reversing sharply, as a renewed move higher in oil prices amid stalling U.S.-Iran peace talks pushed risk assets into the red ahead of this week's FOMC decision.

Why it matters: With oil at multi-week highs, and four mega-cap tech names reporting earnings on Wednesday evening after the FOMC decision, the path of least resistance for crypto this week runs through the macro tape rather than crypto-native catalysts.

NFTs Attempt Another Comeback as Blue Chips Surge

The NFT sector has posted its strongest 30-day performance in months, with Yuga Labs' flagship collections soaring and Azuki, Doodles, and Meebits catching bids.

Why it matters: The global NFT market cap topped $2 billion over the weekend for the first time in three months.

Trending on The Defiant

• Aave DAO Asked to Commit 25,000 ETH to Industry-Wide rsETH Recovery Fund
• Ethereum Foundation Sells 10,000 ETH to BitMNR at $2,387 Average Price via OTC: Ethereum Foundation
• DeFi United Fundraising Chips Away at Kelp Exploit Shortfall
• Lighter Unveils Multi-Asset Margin Starting With ETH
• Bitcoin Holds Near $78K as $10B of Options Settle on Deribit
• Seven-Day Countdown to MEGA Begins as MegaETH Clears First KPI