Bitcoin has experienced a 50% decline, marking its shallowest bear market to date. Despite the downturn, the cryptocurrency's resilience is notable compared to previous cycles. Meanwhile, Aave has proposed a binding risk framework in response to the recent KelpDAO exploit, aiming to enhance security measures and protect users. In other news, Morpho has successfully raised $175 million in a funding round led by Paradigm, a16z, and Ribbit, signaling strong investor confidence in the platform. Additionally, Janus Henderson has acquired a stake in ENA and plans to introduce USDe products, expanding its footprint in the digital asset space.