Donald Trump Promotes His Family Defi Project, Sony Launches Its Own Blockchain You watch Coin Desk every day. I’m your host, Jen Sani Donald Trump is promoting a family crypto project as he positions himself as a pro-crypto candidate ahead of the November election. The former president is promoting the defi platform, The Provocateurs, to his 7.5 million followers on the social app Truth Social. The post included a link to a Telegram group page for the project that had over 40,000 followers as of Friday. Specific details on the platform’s functionality or launch date remain unknown, according to Steno. Research Defi Summer is making a comeback. The company said the total value locked in the crypto ecosystem could hit an all-time high as early as the first half of next year. The report says DeFi’s impending resurgence is tied to interest rates, particularly in the U.S., as the decentralized finance market is expected to be primarily centered around the U.S. dollar. But interest rates aren’t the only driver of a DFI comeback. There are also crypto-native factors at work. The report says the growth in stablecoin supply, which has increased by about $40 billion since January, is crucial because stablecoins are the backbone of defi protocols. And Sony is launching its own blockchain. Sony Block Solutions Labs, a joint project between Sony Group and Star Tail Labs, said Friday that it will release a new layer-two network built on Ethereum called Sodium Sodium. It’s expected to go live on a testnet in the coming days and will use optimistic rollup technology that allows users to transact on networks on top of Ethereum. For less, it will be built using the Optimistic Blockchain Ecosystems Op Stack, a customizable toolkit that allows developers to create their own networks using Optimistic technology with connections to other networks in the ecosystem via the Superchain. That’s all for Coin Desk Daily, get more updates on coindesk.com and we’ll see you next time.
