Trump Promotes Family’s New Crypto Platform, ‘The DeFiant Ones’

Former President Donald Trump is about to launch a crypto platform called “The DeFiant Ones,” according to a post of his on Truth Social. “For too long, the average American has been squeezed by the big banks and financial elites,” Trump wrote. “It’s time we take a stand — together.” From a report: The post marks the first time the Republican nominee for president has used his personal platform to promote the as yet unactivated digital bank. Within minutes, his son Donald Trump Jr., shared the post with his 12 million X followers. Trump’s post includes a link to a Telegram channel called “The DeFiant Ones,” which had approximately 29,000 followers as of Thursday morning, and climbing. An Aug. 15 post describes the group chat as “the only official Telegram channel for the Trump DeFi project” which is building “the future of finance.”

Two of Trump’s sons, Eric Trump and and Donald Jr., have spent weeks teasing the forthcoming platform, which Eric recently described as “digital real estate.” “It’s equitable. It’s collateral anyone can get access to and do so instantly,” Eric told the New York Post earlier this month. “I don’t know if people realize what a shake up that is for the world of banking and finance. I hope we can help change that.” The Trump brothers have also promoted the project with posts declaring that “decentralized finance is the future” and asking people to “stay tuned for a big announcement.”

The mention of digital real estate could be a reference to selling digitized versions of assets in the metaverse, a concept which peaked in popularity in 2021 during the last bull market cycle in crypto. Digitized real estate could also mean that the project would tokenize real-world assets. […] Trump’s eldest son recently said that the family wasn’t launching a memecoin and instead, was working to develop a crypto platform that would rival the traditional banking system. “What we want to do is take on a lot of the banking world,” he said Aug. 8. “I think there has been a lot of inequality in that only certain people can get financing […] so this notion of decentralized finance is obviously very appealing to guys like me who have been debanked,” Donald Trump Jr. said in the interview on Locals.

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Sonos CEO Says the Old App Can’t Be Rereleased

The old Sonos app won’t be making a return to replace the buggy new version. According to Sonos CEO Patrick Spence, rereleasing the old app would make things worse now that updated software has already been sent out to the company’s speakers and cloud infrastructure. The Verge reports: In a Reddit AMA response posted Tuesday, Sonos CEO Spence says that he was hopeful “until very recently” that the company could rerelease the app, confirming a report from The Verge that the company was considering doing so. […] Since the new app was released on May 7th, Spence has issued a formal apology and announced in August that the company would be delaying the launch of two products “until our app experience meets the level of quality that we, our customers, and our partners expect from Sonos.” “The trick of course is that Sonos is not just the mobile app, but software that runs on your speakers and in the cloud too,” writes Spence in the Reddit AMA. “In the months since the new mobile app launched we’ve been updating the software that runs on our speakers and in the cloud to the point where today S2 is less reliable & less stable then what you remember. After doing extensive testing we’ve reluctantly concluded that re-releasing S2 would make the problems worse, not better. I’m sure this is disappointing. It was disappointing to me.”

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