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The Defiant
Weekly Recap

🦄 Recap: DeFi Week of Aug. 21

Hello Defiers! Happy weekend! In the battle between The Merge and the Fed it was the latter that had the last word this week. Jay Powell’s hawkish stance on the “pain” to come as the central bank raises rates to combat inflation punished the equities and crypto markets going into the weekend. Spooked investors sold…