Markets Slide as Fed Says Higher Rates Are Here to Stay

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NFT Roundup

Trump Drops Self-Styled NFT Trading Cards

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Another Nonsense Crypto Bill From Warren

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News

Market Action

Markets Slide As Fed Says Higher Rates Are Here To Stay

ECB Follows With 50bps Hike

By Owen Fernau

Markets turned lower after the Federal Reserve raised benchmark U.S. interest rates by 0.50% on Dec. 14 and the European Central Bank followed suit on Dec. 15. Bitcoin is down 1.2% in the last 24 hours. Ether, the second-largest crypto asset, is down 1%, and Binance’s BNB is down 0.6%.

Read the full story in The Defiant

Crypto Fundraising

Privacy Protocol Aztec Raises $100M

VCs Make Big Bet on VPN Player as Regulatory Risk Rises

By Aleksandar Gilbert

In a deal that highlights the risks investors may face as crypto privacy clashes with an intensifying law enforcement crackdown, Aztec Network, a London-based company that bills its technology as the VPN for Ethereum, has raised $100M in a funding round led by a16z.

Read the full story in The Defiant

Sponsored Post

DeFi Saver extension is now live within the Compound app

DeFi Saver is an all-in-one dashboard for creating, managing and tracking positions with automatic liquidation protection and leverage management options for only the most trusted DeFi protocols.

Thanks to Compound’s newly released extensions framework, DeFi Saver is now available as an extension within the Compound app. The two teams worked together to make DeFi Saver’s advanced and automation features available to Compound v3 users directly within the Compound application. Features such as 1-tx position rebalancing and automated liquidation protection are now available to users.

With the DeFi Saver extension, Compound users can rely on signature Boost and Repay options for 1-tx position rebalancing, which can, for example, come in handy in case of market crashes where a user may want to partially unwind (or ‘self liquidated’) part of their position to keep it from going under. In addition, all users can now consider automation options if they fear market drops while they are unable to actively monitor their positions.

The new release improves the user experience and makes DeFi Saver features more accessible to a wider audience. Making complex DeFi interactions simpler, more accessible, and more efficient for end-users has always been DeFi Saver’s goal.

With DeFi Saver, Compound users can now manage their positions automatically and more efficiently without leaving the Compound app.

NFT Roundup

Trump Drops Self-Styled NFT Trading Cards

Blur Airdrop Farmers Boost Trading Volumes

By yyctrader

Donald Trump may not be a fan of crypto but he has launched “Trump Cards,” an NFT collection featuring pictures of — you guessed it — himself. Priced at $99 apiece, the collection of 45,000 trading cards was minted on the Polygon blockchain and sold out in less than a day.

Read the full story in The Defiant

Crypto Exchanges

Coinbase Unveils Recovery Tool For Unsupported Assets

Users Will Be Able To Withdraw Almost 4,000 Trapped ERC-20 Tokens

By Aleksandar Gilbert

Users who have accidentally sent unsupported Ethereum-based tokens to Coinbase may soon be able to recover them. The exchange’s “ERC-20 self-service asset recovery tool” aims to solve a problem that has long plagued centralized exchanges. When sent to Coinbase, unsupported tokens are effectively trapped, as on-chain transactions are irreversible, leaving users with no way to recover their assets.