emily: anne wojcicki, ceo of 23andme. thank you as always. anne: good to see you.: coming up, coinbase and crack in the where, there is a new -- kraken beware, there is a new peer-to-peer crypto exchange in town. we will tell you who, next. ♪ emily: it is time for our crypto report. a conference is underway in the bahamas. our crypto and remitter sonali basak here for more. sonali: defi here is supposed to be the big bank killer, the big wafer appeared to pure transactions to happen outside of the normal financial system. it was also the big trade that mike novick read said would be the big trade for this year. but it has been down quite a bit. if you look at the defi index we have between bloomberg galaxy, it is down almost 72% on the year. it tracks bitcoin to some degree, although the moves are much more volatile. bitcoin is up 2%. you also have a rise in other defi assets. so it's time now to dive deeper into how defi is changing among the asset classes. emily: stay with us. we will move into a defi exchange infrastructure provider that just raised $70 million.