Interesting: The DeFi stress seems to be over. After the KelpDAO hack a few weeks ago, the situation on Aave was still critical – lending rates for dollar stablecoins like USDT and USDC shot up to 13-14%. Whales withdrew massive liquidity, and suddenly traders had to borrow stablecoins against their own stablecoin deposits. A pretty crazy scenario.

Now, things have eased significantly. The borrowing costs have fallen below 5% – a massive decline. Adam Haeems from the Tesseract Group confirms this: Aave V3 USDC is now trading at around 3.86%, Morpho vaults range between 3.5% and 5.4%, and Sky's USDS savings rate is about 3.65%. That’s basically back to normal.

What helped? The Aave governance acted quickly, and ecosystem players mobilized over 160 million dollars in aid funds. This shows how resilient the DeFi infrastructure has become. The entire cycle – from crisis to stabilization to normalization – occurred completely independently of where Bitcoin was at the time. For institutional investors, this is the more important story: crypto markets can self-regulate without external factors throwing everything into disarray.

Talking about Bitcoin: It jumped over $82,000 early this morning, currently around $81,070. The interesting part is that oil prices have plummeted by 6% – due to speculation about a peace agreement between Iran and the USA. This pushes energy prices down, which in turn lowers interest rate expectations. A classic risk-on scenario.

Analysts are now closely watching the 200-day moving average at $83,800. If Bitcoin consolidates above that, it would be a strong bullish signal. But caution: at $83,000, a profit-taking phase could set in – that’s a classic level for taking profits.

Oh, and ZEC: The price has climbed to the highest level since late 2025, now at $567.91. The December high at $556.59 has been surpassed. If today’s candle closes above this resistance, it could head toward $700. Interesting to watch.

Overall: The crypto market shows maturity. DeFi crises are being resolved without large spillover effects. That’s bullish for long-term adoption.