📰 What you need to know this Friday, August 23
🇺🇸 Donald Trump backed a crypto project promoted by his children in the DeFi space. Trump invited those interested to follow the Telegram channel of The DeFiant Ones, an initiative led by Eric and Donald Trump Jr related to the decentralized finance space.
⛓️ Sony announces development of Soneium, its first Blockchain network for Web3. Soneium will be a Layer 2 Blockchain network that will work on Ethereum, which will offer improvements in scalability and practicality, and will be aimed at use cases focused on Web3, intellectual property, and fair remuneration for content creators.
🇷🇺 "Russia is preparing a strong blow to the dollar." Elvira Nabiullina, director of the Central Bank of Russia, proposes a new BRICS payment system, challenging American hegemony.
⛓💥 Tron's USDD stablecoin is no longer backed by Bitcoin. USDD is backed primarily by TRX, the cryptocurrency of the Tron network.
⚠️ In the past 24 hours, 29,293 traders were liquidated, and the total liquidations reached $54.43 million.
The largest single liquidation order occurred on OKX - ETH-USD-SWAP worth $2.00M.
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