The crypto industry could gain significant mainstream attention following Trump’s eldest son’s plans to launch a bank-rivalling DeFi platform.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.
The crypto market staged a significant recovery this week after the largest crypto sell-offs in over a year wiped over $510 billion from the global crypto market cap, briefly tanking Bitcoin's (BTC) price to a five-month low of $49,000.
Beyond the correction, there have been significant positive developments in the wider decentralized finance (DeFi) space after presidential candidate and former President Donald Trump’s eldest son revealed plans to launch a DeFi platform to rival the banking industry.