China News Daily Official TheBitTimes.com

Former US president and Republican candidate Donald Trump has announced the official launch date of World Liberty Financial, the decentralized finance (DeFi) platform that he and his family have teased for the past two months. “Embracing the future with crypto and leaving slow and outdated big banks behind,” Trump said in a video posted on his X account. “Join me live on Twitter Spaces at 8 p.m. this Sept. 16 for the launch of World Liberty Financial. “ World Liberty Financial Reportedly Being Built On Ethereum And Aave  Over the last few weeks, Trump has made several cryptic posts concerning World Liberty Financial. With these posts, he vaguely positioned the project as a DeFi platform with a focus on lending and borrowing. The project’s whitepaper reportedly says the platform will be built on top of Aave and the Ethereum blockchain. It will also center around a “credit account system.” There have also been mentions of a non-trans...

The Aave price soared 9% in the last 24 hours to trade at $106.02 as of 00:47 a.m. EST on trading volume that skyrocketed 75% to $264 million. AAVE posted the best 24-hour performance compared to other top tokens, which indicates renewed interest in the DeFi platform. Strong protocol performance and new initiatives like Skyward and fee witch proposals are the main drivers of Aave’s recent growth. Aave Price To Could Continue Soaring Over Its Resistance The Aave price took a slight tumble from the $106 resistance to the $90 support, according to data from GeckoTerminal . The price then surged back to the $106 resistance, forming a rounding bottom pattern as the bulls aimed to push the price above the resistance. AAVE trades above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating a sustained uptrend. Moreover, the Relative Strength Index (RSI) is soaring towards the overbought region, currently trading at 66, which shows intense buying pressure. The Movi...