DeFi

As inflation continues to wreak havoc on the lives of regular Americans, all eyes are on the Federal Reserve's efforts to alleviate the situation in the United States. Meanwhile, while St. Louis Fed president James Bullard wants to quickly raise the benchmark bank interest rate, Atlanta Fed president Raphael Bostic believes that the central bank should proceed with prudence in raising the rate.

While the total value locked (TVL) in decentralized finance (defi) is hovering just above the $214 billion level, a defi protocol known as Lido has been creeping closer to overtaking Curve as the protocol with the most TVL in a defi protocol, according to Blockstream. In addition to Ethereum, Solana, Terra, Polygon, and Kusama blockchain networks, the liquid staking solution Lido currently has $19.2 billion in staking assets sourced from five different blockchain networks, including Ethereum, Solana, Terra, Polygon, and Kusama.

In the blink of an eye, he provided a one-time Apple ID code to whoever he believed to be Apple. His crypto was gone the following day.

There is a good chance that Ripple Labs will win a big case against the U.S. SEC. In court last week, the XRP (CRYPTO:XRP) developers won a procedural motion.

The Secret Service of the United States is tightening down on illegal digital currency transactions.

According to the CEO of blockchain firm Ripple, 'tribalism' around bitcoin and other cryptocurrencies is dragging back the entire $2 trillion sector.

Ouch! Ouch! Ouch!

Blockchain.com is planning to go public and could be the next crypto company to do so.

The American economy continues to look bleak, and indicators of an impending recession continue to emerge. Goldman Sachs' chief economist stated last week in a note to clients that the bank views the "odds of a recession as around 15% in the next 12 months and 35% in the next 24 months." Additionally, John Mauldin, a prominent financial expert, states that he would not be surprised if the stock market plummeted by 40% this year, as he believes a recession is imminent.