Is the US Government About to Rug DeFi? 🏛️📉⚖️ Crypto news and key statistics summarized in 90 seconds every weekday on @NiftyNoonNFT⬇️: Nifty Thought: Several Democratic senators have introduced a counter-proposal to the existing crypto market structure bill that has sparked significant outcry from the industry. The proposal would empower the Treasury Department to create a “restricted list” for DeFi protocols it considers too risky, effectively banning their use by US nationals. Furthermore, the language suggests imposing Know Your Customer (KYC) rules on the frontends of crypto apps, including non-custodial wallets, and defining anyone who profits from a DeFi front-end as a regulated broker. Crypto advocates and legal experts have been quick to criticize the move, arguing that the measures are unworkable and would “effectively ban” DeFi in the United States. Critics note that such a heavy-handed approach would stifle innovation, push development offshore, and undermine the bipartisan progress made on previous bills. This proposal represents a significant departure from the more crypto-friendly regulatory momentum seen recently and introduces a new level of uncertainty for the industry’s future in America. Highlighted News: 🏪 Senate Democrats are trying to kill market structure: 📜 A dust-up between Senate Democrats and Republicans over a leaked DeFi regulation proposal from Democrats is unfolding behind the scenes, stalling bipartisan market structure talks and potentially pushing a markup date even further out: 🚨 Senate Democrats would effectively ban decentralized finance, wallet development, and other decentralized applications in the United States: 🛄 Monad Airdrop Claim Portal opens on Tuesday, October 14th: Luxembourg’s Intergenerational Sovereign Wealth Fund (Fsil) Has Invested 1% Of Its Holdings In Bitcoin Etfs, Making It The First State Level Fund In The Eurozone To Do So: Project and Community News: - The S&P Digital Markets 50 with S&P Dow Jones Indices are now tokenized onchain, powered by Avalanche: - @BitwiseInvest files an update to their Solana ETF filing to include Staking in the name and provides the fee. Fee will be 0.20%: - 90% of traders who bridged from Solana → BNB Chain are now sitting in losses: - Kraken Derivatives US opens CME futures trading for oil, gold, FX, and equities: - MetaMask launches in-wallet perpetuals trading through Hyperliquid: - By community request, Hyperliquid has listed MON-USD hyperps. You can now long or short the unlaunched Monad token with up to 3x leverage: - $ZORA is now on Robinhood: - @Solana treasury company @defidevcorp (Nasdaq: DFDV) announces to distribute a special dividend in the form of tradable warrants: - Nasdaq-listed DevvStream, a carbon management firm focused on sustainability assets, reports holding over 12,100 $SOL ($2.7M) in its crypto-treasury, staked under BitGo custody: - Introducing JupUSD - the native stablecoin of the @JupiterExchange ecosystem built on Ethena’s Stablecoin-as-a-Service stack: - BSC leads the market again — with over $6.05B in DEX volume and $5.57M in chain fees in the past 24 hours: - 375ai has raised $10m to build a new data layer for the physical world: - YZi Labs Announces $1B Builder Fund to Double down on Founders in the BNB Ecosystem: - @UmbraPrivacy‘s @MetaDAOProject ICO launched just under two days ago, and demand has been astonishing: - $CHKSTR will launch at 12pm EST: - @Ripple is expanding into the Kingdom of Bahrain: - LAB has successfully raised $5M in funding: - @blockchaincap led @Polymarket‘s $55M pre-election Series B: - Polymarket just hinted at their $POLY token: - The official OpenSea Telegram is now live: - @AvgJoesCrypto shares thoughts on the $BASE token: - Vibe Strategy will now serve as Good Vibes Club’s ecosystem token: - Beeple’s “Real Art” just sold to @RaoulGMI for $200,600 at @FairWarningArt: Quick Stats: 👾 Blur ETH Daily Volume: 583.31 ETH (▲ 13.71%) 🌊 OpenSea ETH Daily Volume: 2,866.02 ETH (▲ 13.71%) 🟠 BTC: $122,057.70 (▼ 1.17%) 🔷 ETH: $4,365.89 (▼ 0.80%) 🟣 Solana: $222.23 (▼ 1.49%) 🟪 Polygon: $0.24 (▼ 0.45%) Top NFT Sales: CryptoPunks #4180: 53.97 ETH CryptoPunks #1209: 52.88 ETH CryptoPunks #4523: 52.69 ETH NFT Daily Winners: 👾 Tensorians: 2.61 SOL (▲ 58.18%) 🏳🌈 Chromie Squiggles: 3.99 ETH (▲ 9.50%) 🍭 Mocaverse: 0.51 ETH (▲ 5.08%) 🐵 NodeMonkes: 0.04 BTC (▲ 4.27%) ⛩ Azuki: 1.68 ETH (▲ 3.14%) 😡 Mad Lads: 33.45 SOL (▲ 0.02%) 🧙‍♂️ Taproot Wizards: 0.16 BTC (► 0.00%) NFT Daily Losers: 🐱 Quantum Cats: 0.02 BTC (▼ 0.37%) 👩🏻 Milady Maker: 1.72 ETH (▼ 0.92%) 🚬 CryptoPunks: 47.94 ETH (▼ 1.11%) 🦧 Bored Ape Yacht Club: 8.73 ETH (▼ 1.30%) 🐧 Pudgy Penguins: 9.20 ETH (▼ 2.06%) 💼 Ordinal Maxi Biz: 0.02 BTC (▼ 2.93%) 🏴‍☠ Captainz: 0.31 ETH (▼ 11.10%) 🧦 Bitcoin Puppets: 0.02 BTC (▼ 11.21%) Notes: If you find quick daily crypto updates helpful, please feel free to follow for more informative content: @NiftyNoonNFT The content on this account is for informational purposes only. 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