The broader focus remains on the never-ending trade talks between the US and China, with analysts from Goldman Sachs noting over the weekend that fears of the US-China trade war leading to a recession are increasing and that the firm no longer expects a trade deal between the worlds two largest economies before the 2020 US presidential election. The widespread media coverage and the perceived implications of capital flows has prompted a number of crypto market commentators to speculate the advent of another squeeze higher in prices. However, perhaps overwhelmed by all the media noise, a majority of traders are overlooking the recent developments in the Decentralised Finance (DeFi) market. Specially, the dramatic collapse in the amount of USD locked in Maker, which has now fallen to below $300mln. The total amount of ETH locked in the credit ecosystem now stands at 1.25% while the number had been 2.11% earlier in the year.