Trump is pumping and Bitcoin is jumping.

This is Quaintest Daily.

I'm your host, Christine Lee.

World Liberty Financial, a defy protocol supported by Donald Trump and his family,

is set to start selling tokens Tuesday.

Prediction market betters on polymarket see Trump as the frontrunner of the U.S.

election taking place in three weeks. Trump is pumping the project on social media, referring to

himself as chief crypto advocate. His sons, Eric and Donald Jr. are Web 3 ambassadors, and his

youngest son, Baron Trump, is listed as Defy Visionary. The project is

spearheaded by Zachary Folkman and Chase Hero, who worked previously on Defi platform Doe Finance,

which was drained of $2 million of crypto assets in July in an exploit. World Liberty Financial

proposes to provide liquidity for ether,

raft bitcoins and stablecoins and raise $3 million from the token sales at a $1.5 billion

valuation. Bitcoin on a tear starting the week climbing above $65,000 on the back of renewed hopes of a China stimulus and increased

demand in certain Bitcoin-based assets, boosting other major cryptocurrencies like Ether

and Solano's Seoul. Over 100 million in short positions were liquidated due to the jump in

price. Broader market sentiment leaned towards buying

due to positive economic indicators from both China and the U.S., with U.S. equities reaching new highs.

Bloomberg reporting that China's finance minister promised new steps to support the property sector

and hinted at greater government borrowing at a Saturday briefing.

However, the announcement

fell short of expectations and suggested a low probability of continued outflows into China-linked

...