Welcome to The Daily Crypto Briefing, here are today's headlines! The crypto world continues to evolve at a rapid pace, bringing both challenges and opportunities for investors, developers, and enthusiasts alike. Today, we'll explore some key developments shaping the digital asset landscape and what they might mean for the broader ecosystem. In today's episode, we'll cover the concerning decline in crypto developer numbers, Bitcoin's price performance following recent market volatility, regulatory developments from key global watchdogs, major partnership announcements in the DeFi space, and emerging trends in NFT marketplaces. Let's dive into these stories. First up, alarming data from Artemis Terminal reveals a dramatic 38.6% drop in weekly active developers across the crypto space. From March 2024 to March 2025, the number of active developers plummeted from 12,380 to approximately 7,600. This decline spans over 1,500 Web3 ecosystems and raises serious questions about innovation sustainability in blockchain technology. Developer participation has long been considered a crucial indicator of project health and network maintenance. Industry experts point to narrative-driven hype cycles and insufficient incentives as key drivers behind this exodus. Optimism contributor Binji Pande noted that meaningful on-chain activity has waned, leading to disinterest among builders. To reverse this trend, Pande advocates for renewed focus on developer-led innovation and comprehensive product thinking across the ecosystem. Turning to market performance, Bitcoin has shown remarkable resilience despite recent macroeconomic headwinds. After briefly dipping below the $60,000 support level last week, the flagship cryptocurrency has rebounded, holding steady around the $65,000 mark. This recovery comes amid mixed signals from traditional markets and continued institutional interest in digital assets. Notable inflows to spot Bitcoin ETFs suggest that institutional conviction remains strong despite retail market jitters. Analysts point to Bitcoin's upcoming halving event as a potential catalyst for price action in the coming months, with historical patterns suggesting possible upside following initial post-halving volatility. On the regulatory front, we're seeing coordinated efforts from global financial watchdogs to establish clearer frameworks for digital assets. The Financial Stability Board has published new guidelines for stablecoin regulation, emphasizing the need for transparency in reserve backing and operational resilience. Meanwhile, the European Securities and Markets Authority has initiated a consultation on the classification of certain tokens under MiCA regulations. These developments signal a maturing regulatory environment that, while imposing compliance burdens, may ultimately provide greater certainty for businesses operating in the space and potentially attract more institutional participation. In partnership news, a major collaboration between a leading DeFi protocol and a traditional finance institution has caught market attention. This cross-sector initiative aims to build infrastructure for tokenized real-world assets, potentially unlocking trillions in traditionally illiquid markets. The project will focus initially on real estate and private credit markets, with plans to expand to additional asset classes. This represents another significant step toward the convergence of traditional and decentralized finance, potentially bridging the adoption gap that has limited mainstream DeFi usage. That wraps up today's coverage of the crypto landscape. The developer decline represents a concerning trend that industry leaders must address to maintain blockchain innovation. Meanwhile, market resilience, regulatory clarity, and cross-sector partnerships demonstrate the ecosystem's continued maturation despite these challenges. Thank you for tuning in to The Daily Crypto Briefing. Remember to subscribe for daily updates on the most i