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Crypto Will Survive

Email newsletter issued 23 Jun 2022 - Subscribe

Another difficult week for the crypto market, but Bitcoin continues to cling on to the $20k mark at the time of writing. Whilst it's certainly been a very stressful period for crypto, we've seen periods like this before and like the others, this period shall pass.

It's worth taking a moment to remind ourselves why cryptocurrency and in particular Bitcoin is here to stay.

The Bitcoin network has been running non-stop for over 13 years now. During this time it has never missed a beat. Irrespective of politics, financial markets or any other external body it just keeps processing those transaction blocks every 10 minutes. During this time it has never been hacked, never had a major code bug and never paid any attention to any government bans.

Over these 13 years the total number of bitcoin that will ever exist has remained the same at 21 million, with just over 19 million bitcoin mined so far. Meanwhile, over the same period the total supply of US dollars has increased from around $1 trillion to around $6 trillion. Central bank money printing has caused inflation of fiat currencies such as the dollar to become completely out of control.

The domino effect of the failure of one over-leveraged crypto company then having knock-on effects on other crypto companies and funds is painful to watch. However, there is a certain purity about the crypto ecosystem that causes it to self regulate. There will be no government bailouts. No kicking the can down the road. Some crypto companies will fail and in many cases that will be a good thing as it will clear out businesses that were not well managed or were taking too much risk. It is cathartic, and it gets the pain out of the way relatively quickly unlike the endless propping up of the legacy fiat currencies by central banks, which just masks the problem whilst it continues to grow.

What will remain is solid, well-run businesses that will now be further battle-hardened by this crisis. Whilst it can be difficult to see at the current moment, crypto will emerge stronger than ever once the market stabilises. The level of talent in the crypto community is incredibly high, adoption levels are at all-time highs and the idea of sound digital money that can be sent anywhere in the world and which can't be manipulated by governments is too compelling for the crypto ecosystem to do anything other than continue to grow.

We welcome any feedback, so please just email us at info@definda.com if you'd like to get in touch.

Matt & the Definda team

Best Instant Access Bitcoin Staking Yields

This week's best instant access Bitcoin staking yields. The table shows the maximum deposit that the rate is available for. Deposits above these levels will typically attract lower rates.
DeFi 28.7% APY Unlimited Go
DeFi 19.3% APY Unlimited Go
DeFi   17% APY Unlimited Go
DeFi 15.5% APY Unlimited Go
DeFi 11.2% APY Unlimited Go
CeFi 10.5% APY Unlimited Go
DeFi   10% APY Unlimited Go
DeFi 9.11% APY Unlimited Go
DeFi 7.61% APY Unlimited Go
DeFi  6.6% APY Unlimited Go
CeFi    6% APY Up To 0.1 BTC Go
DeFi 5.83% APY Unlimited Go
CeFi  5.2% APY Unlimited Go
CeFi 4.47% APY Unlimited Go
CeFi    4% APY Up To 1.473 BTC Go
CeFi    4% APR Up To 0.1 BTC Go
CeFi 3.77% APY Unlimited Go
CeFi    3% APR Up To 5.891 BTC Go
DeFi 1.75% APY Unlimited Go
CeFi  1.6% APR Up To 1.767 BTC Go
CeFi  1.5% APR Unlimited Go
CeFi  1.5% APY Up To 0.01 BTC Go
CeFi 0.25% APR Unlimited Go
CeFi 0.193% APY Unlimited Go
CeFi 0.0388% APY Unlimited Go
CeFi 0.00004% APY Unlimited Go
CeFi     % APY Unlimited Go
View All Bitcoin Staking Yields

Highest Altcoin Yields

This week's highest yielding altcoins. These are highest yields we could find across all our listed crypto platforms.
3990% APY Go
1130% APY Go
483% APY Go
224% APY Go
218% APY Go
205% APY Go
186% APY Go
166% APY Go
159% APY Go
106% APY Go
Note: Whilst some coins offer high yield it is important to consider the price trend of the coin and its fundamentals. Yield income could be offset by a drop in the value of the coin.
View All Coin Staking Yields

Cheapest Crypto Loan Rates

This week's cheapest loan rates from the thousands of crypto loan products that we track. Use our loan calculator to fully explore available loan, collateral, LTV and term options. We have included just one example loan from AAVE, but AAVE offers many other highly competitive loan rates.
LTV Collateral Accepted Rate
50% 0.00131% APY Go
20% 4.5% APR Go
35% 5.5% APR Go
50% 6.5% APR Go
70% 7.5% APR Go
50% 7.9% APR Go
50% 12% APR Go
25% 13.9% APR Go
30% 13.9% APR Go
33% 13.9% APR Go
View All Loans

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Biggest 7 Day Crypto Price Movements

The biggest price increases and decreases this week across the top 100 cryptos. Change in price over the last 7 days shown.
Gainers Losers
Fantom logo FTM 33.1% BinaryX logo BNX -26.5%
GMX logo GMX 19.8% Curve DAO Token logo CRV -10.4%
Celo logo CELO 15.4% Convex Finance logo CVX -8.6%
EthereumPoW logo ETHW 15.1% Huobi Token logo HT -7.3%
Trust Wallet Token logo TWT 12.7% BNB logo BNB -7.2%
Uniswap logo UNI 12.2% KuCoin Token logo KCS -6.6%
Zcash logo ZEC 11.9% Helium logo HNT -6.4%
THORChain logo RUNE 11.8% Solana logo SOL -5.7%
Terra Classic logo LUNC 11.5% Nexo logo NEXO -5.7%
ApeCoin logo APE 11.2% Chain logo XCN -5%

Biggest 7 Day Movements Against BTC

The biggest 7 day price increases and decreases of the top 100 altcoins against bitcoin. This shows whether an altcoin has done better or worse than bitcoin over the last 7 days.
Gainers Losers
Fantom logo FTM 31.8% BinaryX logo BNX -25.8%
GMX logo GMX 18% UNUS SED LEO logo LEO -11.9%
EthereumPoW logo ETHW 13.6% Convex Finance logo CVX -10.7%
Celo logo CELO 12.3% Curve DAO Token logo CRV -9.7%
Trust Wallet Token logo TWT 12% BNB logo BNB -9.3%
Uniswap logo UNI 10.7% KuCoin Token logo KCS -8.9%
Dogecoin logo DOGE 10.3% Helium logo HNT -8.7%
THORChain logo RUNE 10.2% Chain logo XCN -8.3%
Terra Classic logo LUNC 10% Nexo logo NEXO -7.6%
Zcash logo ZEC 8.9% Solana logo SOL -7.2%
View All Coins
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