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Highest Inflation in 40 Years

Email newsletter issued 14 Jul 2022 - Subscribe

So US inflation just hit 9.1%, the highest rate in over 40 years, and in response the Federal Reserve is maintaining its threat to continue raising interest rates and reducing money printing.

The problem is, the FED can't continue to raise rates and sooner or later it will also be forced to increase its money printing programme.

Whilst the FED hopes to reduce consumer demand by raising interest rates, those rate rises also have significant implications for US government debt payments.

The US debt burden currently stands at $30.5Tn with annual interest payments of $439Bn. Just a 1% increase in interest rates, if applied to the entire government debt, would add another $305Bn to interest payments, almost doubling them from current levels and making debt interest payments higher than the entire annual US defence budget.

This only considers the official debt burden, but if you include all the unfunded government liabilities such as social security and medicare, the true debt burden rises from $30.5Tn to an incredible $143Tn. 

This is further compounded by the fact that the US is more than likely heading into a long overdue recession, which will reduce government tax receipts and increase government spending, thereby increasing the debt burden even further.

Interest rates have been so low for so long now that even modest FED rate rises have massive implications for the government budget, likely leading to increased deficit spending and even more debt.

Then you have the issue of who is going to buy all this government debt? Foreign countries aren't going to be in any rush, especially after many have watched the US arbitrarily freeze other countries' funds. Plus most other countries are also busy grappling with their own financial crises.

So that only leaves us with the buyer of last resort, the FED. Despite their claims of reducing money printing, the FED will inevitably end up reversing course and printing massive new quantities of dollars to buy up this debt.

For all these reasons, everyone knows that the FED is going to be forced to change course, reduce interest rates and start printing again.

Once the course change is announced (or even strongly suspected) we can expect to see a significant turnaround for crypto. Until that time, crypto will continue to struggle to make a significant breakout upwards.

When might the FED change course? A few people think it could be as early as August this year. Many people think it will happen in 2023 at the latest.

Throughout this period, Bitcoin has continued to tick along, with no central bank to manipulate its total supply of coins or to change its mining costs, and also remaining completely immune from government coercion. 

The bottom line is that it is only a matter of time before Bitcoin bounces back.

Meanwhile we continue to bring you a summary of the best savings rates, loans and deals from across the DeFi space.

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 30.9% APY Unlimited Go
DeFi 19.3% APY Unlimited Go
DeFi   17% APY Unlimited Go
DeFi 15.4% APY Unlimited Go
DeFi 11.1% APY Unlimited Go
CeFi 10.5% APY Unlimited Go
DeFi 9.73% APY Unlimited Go
DeFi 9.16% APY Unlimited Go
DeFi 7.01% 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  4.4% 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 0.039% 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
224% APY Go
215% APY Go
205% APY Go
186% APY Go
177% APY Go
159% APY Go
127% APY Go
109% 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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Latest Crypto Deals

Get $100 free in USDC when you deposit $2,000
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When you deposit $11,000
Enter promo code: HPYBDY
When you deposit $1,000 or more in CRO
Enter promo code: ugmfpp539h
When you take out a loan
When you deposit $100 or more in assets on the platform
Earn $10 USD for any friend that you refer to Kraken
When you buy or sell more than $100
When you buy or sell £100 in crypto
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Earn 0.2% of every exchange amount, 0.2% of every loan amount, and 0.1% monthly of every interest account deposit made by friends your refer to Coinloan
When you take out a Binance card
View All Deals

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 32.2% BinaryX logo BNX -16.9%
GMX logo GMX 25.5% Nexo logo NEXO -9.5%
ApeCoin logo APE 22.6% Convex Finance logo CVX -8.2%
Uniswap logo UNI 14.9% Helium logo HNT -7.8%
EthereumPoW logo ETHW 14.4% BNB logo BNB -7.3%
Celo logo CELO 14.3% KuCoin Token logo KCS -6.5%
THORChain logo RUNE 11.4% Solana logo SOL -5.9%
Terra Classic logo LUNC 10% Curve DAO Token logo CRV -5.4%
Trust Wallet Token logo TWT 9.3% Chiliz logo CHZ -5.3%
Dash logo DASH 8.8% Chain logo XCN -4.5%

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 31.6% BinaryX logo BNX -16.6%
GMX logo GMX 23.8% Nexo logo NEXO -10.7%
Uniswap logo UNI 12.7% Convex Finance logo CVX -10.5%
EthereumPoW logo ETHW 12.1% Curve DAO Token logo CRV -10.2%
Celo logo CELO 11.7% BNB logo BNB -9.7%
Trust Wallet Token logo TWT 9.8% KuCoin Token logo KCS -8.9%
THORChain logo RUNE 9.8% Helium logo HNT -8.4%
ApeCoin logo APE 9.1% Chain logo XCN -8%
Terra Classic logo LUNC 8.7% Casper logo CSPR -7.3%
Zcash logo ZEC 7.5% Solana logo SOL -7.3%
View All Coins
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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