Market Wrap: Bitcoin Pushes to $11,450, DeFi Value Locked Now at $4B
The crypto market continues its bullish run and investors are plowing crypto into DeFi.
Matic wants its incubator fund to incentivize promising DeFi projects to build on its scalable sidechain, rather than directly onto Ethereum itself.
This week, bitcoin rallied past $11,000 and value in DeFi climbed toward $4 billion. But what's the point of crypto if regular markets are just as volatile?
The round was led by FBG Capital and NGC Ventures, both Asia-based venture firms.
Bitcoin's sudden price drop triggers a long squeeze across major exchanges.
Ethereum has always struggled with explaining itself to the world. With DeFi, it's found not only a new avenue of development but of self-definition.