Welcome to Crypto Long & Short, our institutional newsletter. This week, we focus on the importance of shielding the individuals building DeFi infrastructure.
Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the need to safeguard these innovators, highlighting the introduction of the bipartisan Promoting Innovation in Blockchain Development Act of 2026. Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, analyzes Ethereum's scaling problem, arguing that the rollup model was flawed from the start, and that state channels offer a more viable solution by enabling peer-to-peer transactions without intermediaries. We also review this week's headlines, including the impact of smart contract exploits on the market, and Aave's market share decline following the rsETH exploit.