Democratic Senators Propose Crypto Framework as MetaMask Develops Token
Democratic Senators Propose Crypto Framework as MetaMask Develops Token
🏛️ Senators unveil crypto framework
12 Democratic senators unveiled crypto legislation framework with 7 priorities including regulatory gap closure and platform oversight. Consensys confirms MetaMask token development to combat declining market share from 80% to <1%. BitGo files for NYSE IPO despite profit drop from $30.9M to $12.6M, joining crypto firm listing wave.
🚨 Big move in crypto: U.S. SEC & CFTC just issued a joint statement allowing registered institutions to conduct crypto spot trading. This could accelerate institutional adoption & market legitimacy.
📢 Today’s Top Crypto Headlines: 🏛️ US Commerce to Publish Data on Blockchain • Commerce Sec. Howard Lutnick announced GDP & other economic stats will be issued directly on blockchain for transparency & tamper-resistance. A pioneering step for public sector blockchain
📢 Today’s Top Crypto Headlines: ⛏️ Bitcoin Mining Difficulty Hits Record •Difficulty climbed to 134.7T, an all-time high •Profit margins tightening for large operations → centralization concerns •Yet small miners on Solo CK Pool still secured full block rewards worth
📢 Today’s Top Crypto Headlines: 🤖 Google Links AI, Stablecoins & Payments • Updated its open-source protocol to let AI process transactions, including stablecoins • Partners: Coinbase, Ethereum Foundation, Salesforce, AmEx, Etsy • Signals deeper AI + crypto + traditional
🚨 Breaking: 12 US Senate Democrats have unveiled a new crypto market structure framework with 7 key points. Highlights: ⚖️ CFTC to regulate non-security tokens 📊 Clearer token classification & issuer disclosures 🔒 Stricter compliance on trading platforms 💰 More funding for
📢 Today’s Top Crypto Headlines: 🏛️ Fellowship PAC Launches • New crypto-focused PAC aims to raise $100M+ for pro-crypto candidates • Aligns more with Republicans & Trump than Fairshake PAC • Backed by Tether US unit, tied to USAT stablecoin under GENIUS Act • Signals
📢 Today’s Top Crypto Headlines: 🔥 Ethereum Strength Despite Market Dip • August on-chain volume hit $320B → highest since May 2021 • Driven by institutional allocations, ETF inflows & lower fees • DeFi TVL remains strong, staking continues to thrive • Reinforces $ETH as
📢 Today’s Top Crypto Headlines: 📑 SEC Sets New Standards for ETPs • New rules for exchange-traded products (ETPs) covering commodities & digital assets • Eases approval process → no need for Section 19(b) proposals • ✅ Approved: Grayscale Digital Large Cap Fund (CoinDesk
📢 Today’s Top Crypto Headlines: 🏛️ Bipartisan Push for U.S. Crypto Legislation • 12 Democratic senators call for collaboration on market structure bill • Outline 7 key priorities: - Close non-securities regulatory gaps - Clear oversight for issuers/platforms - Combat illicit
📢 Today’s Top Crypto Headlines: 📉 Bitcoin’s “Red September” Risk • Historically, $BTC averages a -3.77% dip in Sept since 2013. • Current predictions: 75% chance of drop to $105K • Still, institutional adoption & maturing markets may cushion the seasonal effect if key
📢 Today’s Top Crypto Headlines: 🏦 BitMine Expands ETH Holdings • Despite the downturn, BitMine bought 190,500 $ETH last week. • Now holds 1.71M ETH (~$7.9B) • Maintains $562M cash reserve → capacity for further buys • Total assets down from $8.8B peak due to market dip.
📢 Today’s Top Crypto Headlines: ⚖️ SEC & CFTC Cooperation • Exchanges with existing registrations from either body can now offer spot crypto trading services legally • Aims to boost institutional trust, liquidity & compliance clarity • Positions the U.S. as a stronger hub
🚨 US Congress is back from recess and crypto is now front and center. 🏛️ Senate Banking aims to revise the market structure draft before September ends. 🌾 Senate Agriculture will follow with CFTC-focused proposals. 🇺🇸 Senator Lummis says the bill could be signed into law by
🚨 Regulatory Shift in Crypto 🚨 SEC’s Paul Atkins unveiled Project Crypto: ✅ Clear & predictable rules ✅ Most tokens not securities ✅ On-chain fundraising made compliant ✅ One framework for trading, lending & staking ✅ “Minimum effective dose” regulation to stop monopolies
📢 Today’s Top Crypto Headlines: 🥇 Tokenized Gold Rally • Gold neared $3,499/oz, its highest since April • Tokenized gold sector hit $2.57B market cap • @tethergold $XAUT & @Paxos $PAXG see strong inflows as investors hedge with digital gold. ⚡ WLFI Frenzy on Spot Launch
📢 Today’s Top Crypto Headlines: ⚡ Aave Token Volatility & WLFI Rumors AAVE swung sharply after rumors it would receive a 7% WLFI allocation. •WLFI denied the claims ❌ •But a past Aave DAO proposal for 7% WLFI tokens + 20% protocol revenue remains active •Price dropped
🚨 Big moves in DC 🚨 @Coinbase CEO Brian Armstrong says the Crypto Market Structure Act is gaining strong bipartisan momentum in the Senate after high-level meetings in Washington. He calls the process a “fast-moving train” with a real shot at passage this year. Executives
📢 Today’s Top Crypto Headlines: 🟣 Ethereum: Institutional Interest vs. Revenue Decline • Network revenue fell -44% MoM → $14.1M • Transaction fees dropped -20%, linked to Dencun upgrade • Concerns: weakened fundamentals vs. benefits of lower costs & staking yields • ETF
📢 Today’s Top Crypto Headlines: 💳 Stablecoin Payments Race Heats Up • Fireblocks launched a global #stablecoin payment network (100+ countries, 40 compliance partners). • Stripe introduced Tempo blockchain for enterprise payments. • With stablecoins at $260B+ cap,
📢 Today’s Top Crypto Headlines: 🏦 Nasdaq Proposes Tokenized Trading • Submitted plan to SEC: trade traditional + tokenized securities side by side • Orders merged into a single book, cleared via DTC, mirrored on-chain • If approved, tokenized settlements could launch Q3
Trust Wallet Token Now Available on Bridgers Cross-Chain Platform
Trust Wallet Token ($TWT) is now live on Bridgers, enabling secure cross-chain routing with non-custodial execution. The platform recently added 5 new tokens this week (KAITO, ONDO, BGB, ENA, HYPE), expanding to 400+ tokens across 50+ blockchains. Users maintain full control while Bridgers finds optimal liquidity paths through smart contracts.
Metaplanet Becomes 5th-Largest Corporate Bitcoin Holder
**Japanese company Metaplanet has acquired 5,419 BTC** worth $633 million, bringing its total holdings to **25,555 BTC valued at $2.91 billion**. The purchase was funded through a **$1.45 billion equity raise** announced earlier this month, with an average buy price of $116,724 per Bitcoin. **Key milestones achieved:** - Now the **5th-largest corporate Bitcoin holder** globally - Hit **85% of its 2025 acquisition target** - Generated **129.4% Bitcoin yield** in Q2 The company has set an ambitious goal of reaching **100,000 BTC** in its treasury, positioning itself as Japan's leading Bitcoin treasury company.
Daily Community Check-in
The web3 community continues its daily ritual with another **"gm frens"** greeting on September 22nd. This simple morning salutation has become a consistent pattern, appearing regularly across the community timeline. - Community members maintain daily engagement through these brief check-ins - The greeting format remains consistent with sunny emoji accompaniment - Regular participation demonstrates ongoing community activity These daily touchpoints reflect the community's commitment to staying connected through simple, consistent interactions.
Fed Rate Cut Expectations Create Market Paradox
Markets are pricing in a **25 basis point rate cut** from the Federal Reserve, but the outcome may surprise investors. If the Fed delivers only the expected quarter-point reduction, the **dollar could strengthen** rather than weaken - opposite to typical market behavior following rate cuts. Key market implications: - Dollar rally potential despite rate cut - Stock markets may experience **profit-taking** - Trader expectations already fully priced in This scenario highlights how market positioning can create counterintuitive outcomes when central bank moves are widely anticipated.