Weekly Recap: Bitcoin Rebounds Above $69,000

Happy weekend, Defiers!

Crypto markets recovered some of their losses from the previous three weeks, with Bitcoin rallying above $69K on Friday. ETH and SOL are trading at $2,070 and $86, respectively.

Robinhood launched a public testnet for its Ethereum Layer 2 network, enabling developers to start building apps and infrastructure on Robinhood Chain.

Polymarket launched 5-minute crypto markets and hinted that a token airdrop is coming.

Meanwhile, UNI briefly soared 30% after BlackRock disclosed a strategic investment in the Uniswap ecosystem.

Finally, Aave Labs floated a proposal to align its interests with the DAO, marking the next chapter in a governance dispute that began late last year.

Enjoy!

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Top Stories This Week

Crypto Markets Rally After Softer-Than-Expected US Inflation Report

Crypto markets caught some relief on Friday as investors digested a softer-than-expected U.S. inflation report.

Bitcoin climbed back over $69,000 as total crypto market capitalization surged almost 5% to $2.44 trillion.

Robinhood Launches Public Testnet for Ethereum Layer 2 Blockchain

Robinhood has launched the public testnet for Robinhood Chain, an Ethereum Layer 2 network built on Arbitrum.

Johann Kerbrat, Robinhood’s head of crypto, said in an exclusive interview with The Defiant that the testnet is an early step toward building a broader on-chain financial ecosystem.

Polymarket Launches 5-Minute Crypto Markets and Teases Airdrop

Decentralized prediction market Polymarket is catering to its high-risk audience by introducing 5-minute crypto markets and teasing an airdrop for power users.

Meanwhile, open interest (OI) across crypto prediction markets just hit $1 billion for the first time.

UNI Soars 30% Amid Strategic Investment from BlackRock

Uniswap Labs and Securitize have partnered with financial giant BlackRock to enhance DeFi liquidity for institutional investors through BlackRock's USD Institutional Digital Liquidity Fund, also known as BUIDL.

Aave Labs Proposes New DAO Value Accrual and Growth Framework

Two months after the Aave DAO and Aave Labs clashed over tokenholder rights, Aave Labs has formally submitted a new strategic framework proposal to the DAO.

Trending

• Crypto Markets Rally After Softer-Than-Expected US Inflation Report
• Bluefin-acquired Nexa Terminal Shuts Down Blaming Sui’s ‘Extremely Low’ Volume
• Espresso Token Launches at $275 Million Valuation
• Hyperliquid-Based Ventuals’ Trading Volume Surges 100% in 17 Days
• Aave Labs Proposes New DAO Value Accrual and Growth Framework
• Bitcoin Plunges Under $66,000 as Crypto Sentiment Index Hits Historic Low

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