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Faraway`s RIFT Airdrop Leaves NFT Holders Furious

Faraway , a crypto gaming company that purchased two of Yuga Labs previous gaming endeavors, had an airdrop today for its new AI-driven token RIFT, but some holders of the ecosystem’s non-fungible tokens (NFTs) were left in the cold with zero token allocation. Within an hour of its launch RIFT quickly surged as high as a $300 million market capitalization, but has trended down since and is currently changing hands at $.09, or a $92 million valuation. The ecosystem NFTs, which were originally launched under Yuga Labs , consist of HV-MTL, a 24,000 supply collection with a floor price of 0.04 ETH, and Kodamaras, a 7300 supply collection with a 0.075 ETH floor. NFT whale Dingaling took to X to convey his dismay saying , “Holding 264 Mara, 263 Otherdeeds, 198 HV-MTL. Zero $RIFT airdrop LMAO. Amazing.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Decrypt

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Ripple CEO Praises New Treasury Secretary—Expects Pro-Crypto, Pro-Tech Reforms

Scott Bessent, a billionaire hedge fund manager, is now the 79th U.S. Treasury Secretary under Trump. Crypto leaders, including Ripple’s Brad Garlinghouse, celebrate his pro-innovation stance, anticipating major policy shifts. Scott Bessent Confirmed as Treasury Secretary, Signaling Pro-Crypto Shift Scott Bessent has been confirmed as the 79th U.S. Treasury Secretary under President Donald Trump, following Decrypt