Trump Jr. to launch DeFi platform, $510B sell-off wipes 2024 crypto gains: Finance Redefined

The crypto industry could gain significant mainstream attention following Trump’s eldest son’s plans to launch a bank-rivalling DeFi platform.

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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.

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