Originally published on: September 13, 2024
Welcome to our weekly roundup of DeFi insights in Finance Redefined, delivering the latest updates from the decentralized finance landscape.
**Trump’s Crypto Platform Announcement**
Republican candidate Donald Trump is gearing up to unveil his DeFi platform, promising features like crypto lending and borrowing. Trump envisions a future intertwined with crypto, leaving traditional banks behind. The World Liberty Financial crypto project launch, spearheaded by the former president and his sons, is set for September 16.
**Uniswap CEO Dispels Deployment Fee Accusations**
Uniswap CEO, Hayden Adams, took to clarify rumors alleging charges for DeFi protocol deployment. Adams emphasized Uniswap Labs’ stance on protocol deployment being determined through governance votes without any fees from the foundation.
**The Lightning Speed of Sonic Blockchain**
Marking a breakthrough in blockchain technology, the Sonic blockchain achieved a transaction finality of 720 milliseconds during its testnet. Specially designed for rapid transaction processing, Sonic offers unparalleled speed in transaction finality.
**Friend.tech Token Plummet Following Ownership Transfer**
Following the ownership transfer of its smart contracts to Ethereum’s null address as a precautionary move, the FRIEND token of social media platform Friend.tech witnessed a significant drop in value. The strategic transfer was made to safeguard the token’s original functionality.
**Coinbase Unveils Wrapped Bitcoin on Ethereum Network**
Coinbase introduced cbBTC, a wrapped version of Bitcoin based on the Ethereum network and its layer-2 scaling network, Base. The tokenization process linked to standard Bitcoin creates seamless interoperability between the two networks.
**Cryptocurrency Market Performance**
Concluding the week on a positive note, most of the top 100 cryptocurrencies showcased upward trends in value, with BinaryXtoken and Popcat Sol emerging as notable gainers.
Stay tuned for more compelling DeFi narratives, trends, and insights in the ever-evolving financial landscape. Experience the innovative spirit of decentralized finance with Finance Redefined!
