The technical foundation of DeFi has proven to be incredibly resilient to the catastrophic market events of the last few months. The opportunity for building a new generation of financial services on DeFi rails has never been bigger, but the space needs to address some notable challenges. Author: Jesus Rodriguez

In an open letter, the firm said earlier offers were misrepresented and it wanted to deal directly. Author: Sheldon Reback

Bitcoin held steady throughout the Christmas holiday weekend at about $16.9K; most other major cryptos were flat, although tinted more green than red. Also: CoinDesk columnist David Z. Morris considers an upside to this year’s various crypto industry debacles. Author: James Rubin, David Z. Morris

DeGods will bridge over to Ethereum while its sister project Y00ts will move to Polygon with a grant from the layer 2’s partnership fund. Author: Eli Tan

Computing power on the Bitcoin network dropped about 40% over the weekend. Author: Eliza Gkritsi