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- ☕️ Regulatory rumble coming soon🍿
☕️ Regulatory rumble coming soon🍿
June 8

GM Brew Crew, you know that friend that always lets you have the last slice of pizza in the box? Thats like us - we always got your back. Let’s dive in ⬇️
On the menu today:
DEFI GIVES SEC A SMIRK 😼
SEC CHAIR OFFERED TO BE AN ADVISOR TO BINANCE IN 2019 🤯
“STAND WITH CRYPTO” NFT GOES VIRAL AFTER SEC ACTIONS 👏
Today’s Charts:


Snapshot taken at 9:44am EDT

Snapshot taken at 9:44am EDT
DEFI GIVES SEC A SMIRK 😼
Despite the ongoing SEC drama, the value locked in decentralized finance (DeFi) applications operating on blockchain tokens that have been labeled as securities in recent filings by the U.S. Securities and Exchange Commission (SEC) largely remained stable.
According to CoinDesk: Kyle Doane, a trader at crypto investment firm Arca, expressed that the crypto winter has been lengthy, causing most 'tourists' to have already exited the space.
Despite falling prices, the lack of capital flight suggests positive sentiment among global market participants.
Recent data indicates that the value locked on Cardano, Solana, and BNB Chain networks experienced a slight decrease of just over 5% in the past week, aligning with the broader market decline.
