BizwavemediaPersonal Finance and Crypto Updates

The Nasdaq 100 has surged 130% since January 2023, drawing comparisons to the dot-com era as AI advancements drive rapid valuations across major technology companies.

Recent analyses highlight parallels between current AI-driven market enthusiasm and the late 1990s focus on internet adoption during the dot-com bubble. The historical period saw overinflated valuations of internet startups that ultimately led to a prolonged market downturn.

Investor sentiment on social platforms reflects concerns over potential corrections similar to the dot-com crash, with observers noting patterns of routine market pullbacks before major peaks.

However, discussions emphasize that today’s tech leaders demonstrate stronger fundamentals compared to the speculative startups of the dot-com period, potentially mitigating the severity of any downturn.

New York, USA, November 6th, 2025, Chainwire

New vault architecture introduces standardized rails for DeFi and CEX strategies, anchored by stETH as the flagship asset.

Mellow today announces the launch of Core Vaults, a next-generation vault architecture designed to give institutions and curators a programmable surface for building and deploying onchain structured products.

Opportunities to generate yield across DeFi protocols and centralized exchanges are plentiful, but the landscape is highly fragmented and difficult for institutions to navigate. Core Vaults bring them together into a single framework with standardized strategy design, embedded risk controls, and plug-and-play integrations across protocols and exchanges. At launch, the system is anchored with Lido’s stETH, the most widely used staking token on Ethereum, as the flagship asset.

“Structured products are going to be the native language of institutional DeFi. Core Vaults give allocators and builders a fluent vocabulary – modular, transparent, and ready for any market condition.” – Nick S., founder of Mellow.

Institutional-grade infrastructure

Core Vaults address one of the most persistent challenges facing professional allocators: the need for clarity, control and compliance in an environment that is often messy.

• Granular controls – per-vault limits, asset whitelists, and permissions verified by independent actors
• Programmable flexibility – curators can run delta-neutral, leveraged, restaking, or liquidity provision strategies across DeFi and centralized venues
• Frictionless integration – protocols and exchanges connect out of the box without custom adapters or additional engineering.
• Custodial settlement rails – integrations with Copper ClearLoop and Binance Ceffu keep assets under secure custody while enabling CEX execution
• Embedded risk management – AML and KYC modules, two-tier oracle safety, and audit-backed contracts are included from the outset
• Built for decentralization – a progressive roadmap toward permissionless oracles, autonomous execution, and trust-minimized curator roles
• Instant access for trusted actors – signature queues enable one-transaction deposits and withdrawals for fast-moving opportunities

Proof in practice: the Lido stRATEGY Vault

One of the first strategies built on Core Vaults is the Lido stRATEGY Vault available through the Earn tab on https://stake.lido.fi/earn.

Users can deposit ETH, WETH or wstETH and receive strETH in return, representing their share of the vault. Capital is then programmatically allocated across established DeFi venues such as Aave, Ethena, Uniswap and others. Rewards accrue in the background and are supplemented by Mellow Points.

In effect, the stRATEGY Vault shows how Core Vaults can be used in practice. Instead of managing multiple dashboards and manual integrations, depositors interact once and access a diversified, risk-isolated strategy built on Ethereum’s largest liquid staking token.

“Lido Protocol’s stETH already underpins much of DeFi, and the stRATEGY Vault builds on that foundation. Powered by Mellow’s Core Vaults, it gives users a simple way to access a diversified set of strategies built around stETH in one place.” – Jakov Buratović, Master of DeFi, Lido Ecosystem Foundation.

Why it matters

The launch of Core Vaults comes at a moment when institutional inflows into Ethereum are accelerating. Spot ETH ETFs in the United States have drawn billions in recent months, while MiCA in Europe and stablecoin regulation on the horizon are creating clearer rules of the road.

Institutions are seeking structured access and defined risk, not a patchwork of venues. Core Vaults consolidate this landscape bringing fragmented yield opportunities into a single trustless framework. Protocols connect without custom adapters or added engineering. The vault design abstracts execution, reducing integration timelines to near-zero.

For institutions, they provide auditability and trustless custody. For curators and protocol teams, they unlock a broader design space where curators can plug in protocols without writing a single line of code. And for end-users, they deliver accessible, user-friendly routes to strategies powered by stETH and other assets.

About Mellow

Mellow is a modular infrastructure protocol for building onchain structured products. Founded in 2021, Mellow enables asset managers, curators, and protocols to design and operate vaults with full control over strategy, risk, and fees. The platform supports both DeFi and centralized exchange integrations, with features such as risk isolation, compliance tooling, and plug-and-play connectivity. Backed by leading investors, Mellow has evolved from early work in automated liquidity management to become a leading provider of institutional-grade vault infrastructure.

Users can learn more: 

Thesis: https://mellowprotocol.notion.site/Mellow-Thesis-Infrastructure-for-the-Next-Trillion-in-Onchain-Assets-23c02ad8627680949c63e0bbd4562646 

Vaults documentation: https://mellowprotocol.notion.site/Mellow-Core-Vaults-23302ad8627680d794b4dbfd4d6810ec 

About Lido

Lido is an open-source, liquid-staking middleware that provides a way to participate in the blockchain network validation process and reap rewards for this activity. With a mission to democratize staking, Lido middleware lets users connect with node operators and stake their digital assets without the need to individually maintain hardware. Lido users can interact with various third-party DeFi applications that have independently integrated and support the liquid staking tokens. For further information, users can visit https://lido.fi

Lido on X: https://x.com/LidoFinance 

Lido on LinkedIn: https://www.linkedin.com/company/lidofi/

Contact

Communications lead
Ilya Astashevskiy
Mellow
[email protected]

Kazakhstan plans to establish a national crypto reserve fund valued between $500 million and $1 billion, Bloomberg reported today. The Central Asian nation aims to diversify its economy beyond oil dependence through strategic digital asset investments.

The reserve fund will target ETFs and crypto-related companies to gain exposure to digital assets including Bitcoin. Kazakhstan’s deputy central bank governor publicly confirmed the initiative as part of broader economic diversification efforts.

The central bank is considering channeling portions of its gold and foreign exchange reserves into crypto assets. This strategy represents Kazakhstan’s effort to reduce its traditional reliance on oil revenues through alternative financial instruments.

The move positions Kazakhstan among nations integrating digital assets into sovereign reserves for strategic financial positioning. The fund structure would provide indirect crypto exposure through established investment vehicles rather than direct digital asset holdings.

Zcash, a privacy-focused cryptocurrency, has surpassed Hype in market capitalization following a 358% price surge over the past month.

The milestone signals a reordering in the privacy-coin landscape, with Zcash gaining momentum through its optional-privacy features and cross-chain utility capabilities.

Recent developments have sparked renewed interest in privacy coins despite broader market weakness. Zcash’s rise represents a potential power shift as it challenges previously dominant positions in the privacy-focused crypto sector.

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Evernorth Holdings, an XRP-centric treasury entity with strong connections to Ripple executives, has seen nearly $100 million wiped off the value of its XRP portfolio since the firm began accumulating the digital asset in late October.

According to CryptoQuant’s analysis, the Ripple-backed firm purchased around 389 million XRP for roughly $947 million.

With XRP trading at over $2 at press time, Evernorth’s holdings are valued at over $850 million, representing an unrealized loss of over $95 million.

XRP, Ripple’s native crypto asset, plummeted around 24% in the last 30 days amid a market-wide correction that sent Bitcoin tumble below $100,000 for the first time since June.

The decline continues despite recent positive developments, including Ripple’s $500 million fundraising from top-tier institutional investors.

Intel shares climbed 2.3% in early trading Friday after Elon Musk, CEO of Tesla, said at the company’s annual meeting that he was open to talks with the semiconductor giant about potential chip production partnerships.

Even if Tesla’s current suppliers (TSMC and Samsung) are able to meet the best-case scenario, it will “still not be enough” to meet Musk’s long-term demands, Musk stated.

Tesla has been developing its own AI chips while exploring manufacturing partnerships to support its self-driving technology initiatives. The electric vehicle maker is considering Intel as a potential partner for chipmaking to advance its AI hardware development.

Musk’s comments sparked investor interest amid broader industry efforts to diversify semiconductor supply chains for AI applications. The discussions come as Tesla continues to expand its AI capabilities for autonomous driving systems.

Nvidia, a leading AI chipmaker, fell 5% today, extending its losses to $800 billion since Monday amid cooling AI hype and rising competition from emerging players.

The decline reflects broader investor concerns over the sustainability of AI-driven growth, as market participants question lofty valuations in the tech sector.

Heightened competition from rivals like AMD—which recently secured key partnerships with OpenAI—and major tech giants developing their own AI chips, has prompted investors to reassess Nvidia’s market positioning. Fears of potential export restrictions continue to weigh on the company’s global supply chain outlook.