Daily Edition: Crypto mounted a recovery from the lows of last week, with $BTC & $ETH both posting 5% rallies since Friday as DeFi Protocol Raises $200M. Andre Cronje and Michael Egorov are both back building in the DeFi world, but is the DeFi world ready for that? We dive in 👇 Worries over headlines of insider trading investigations into 200 DAT companies last week haven’t slowed Tom Lee’s $BMNR ( ▲ 5.39% ) from accumulating more $ETH. Company disclosures earlier today show their holdings have reached $11.6B in $ETH. This amount represents over 2% of the total ETH supply. Last 24 hours saw two major protocol raises announced, both headed up by storied names in the DeFi community: @flyingtulip_ and @yieldbasis. Flying Tulip is an “all-encompassing” onchain exchange built by Andre Cronje, known predominantly for his participation in the Fantom (now Sonic) ecosystem. They raised $200M at a $1B valuation. All investors in both this private round as well as the future $800M...
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