UniSwap

Uniswap records a staggering $250 billion in transactions on Layer-2 platforms, signaling strong adoption and activity. Despite the high trading volume, UNI’s price remains relatively low, raising questions about future valuation. Decentralized Exchange Uniswap has reached a new milestone, achieving $250 billion in trading volume on its Layer-2 (L2) platforms such as Arbitrum, Polygon, Optimism, and Base. This milestone highlights the growing adoption and efficiency of L2 solutions, which are designed to handle high transaction volumes while reducing gas costs,…

Uniswap has hiked a majority of its swap fees by 66%, with experts noting that the move is to marshall up enough funds to defend itself against an impending lawsuit by the SEC. The agency issued a Wells Notice to the decentralized exchange last week, with founder Hayden Adams revealing on Friday that he intends to go the Ripple route and fight the SEC to the end. Fighting with the Securities and Exchange Commission in court can take years and…

SEC targets Uniswap, causing market turmoil and raising concerns about regulatory overreach in the crypto space. The crypto community rallies behind Uniswap, expressing solidarity and calling for greater regulatory clarity and dialogue. Uniswap Labs, a prominent player in the cryptocurrency industry, finds itself under the regulatory spotlight as it receives a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This notice serves as a precursor to potential legal action, signifying the SEC’s interest in pursuing a lawsuit against…

The U.S. Securities and Exchange Commission (SEC) has continued to hinder crypto firms, the latest being an enforcement notice to Uniswap. The agency has also postponed its decision regarding offering options trading for crypto on the NYSE. Let’s dig deeper.  Bitcoin The SEC has delayed its decision to allow the New York Stock Exchange to offer options for trading on spot Bitcoin ETFs.  Ripple CEO Brad Garlinghouse has predicted that the crypto market capitalization will double to $5 trillion by…

It’s a green week as the cryptocurrency market recovers from the slump that it had entered before that. The total capitalization stands tall above $2.7 trillion, as trading volume remains stable at around $100 billion on a daily basis. Bitcoin’s price seems to have solidified itself above $70K, at least for the time being. The week was rather tumultuous as volatility increased on the announcement of the recent consumer price index (CPI) data from the US Bureau of Labor Statistics.…

Uniswap (UNI) has suffered a major setback with prices plummeting due to concerns that the U.S. SEC is taking legal action against the project. Whales are leading price action as some cash out leading to a market-wide panic that caused UNI to plummet 17%. Uniswap (UNI) investors are in panic mode after it was revealed that U.S. regulatory bodies led by the SEC are preparing a lawsuit against the project. Confirmed by Uniswap Labs, the organization responsible for the development…

UNI price turned red and declined below the $10.00 support. Uniswap is showing many bearish signs and recoveries could face hurdles near $10.00. UNI started a fresh decline below the $10.00 support zone. The price is trading below $9.50 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $10.25 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair might recover but the upsides might be…

The US Securities and Exchange Commission (SEC) has served a Wells Notice to Uniswap, a leading decentralized exchange (DEX). This pre-enforcement notice, a precursor to potential legal action, triggered a plunge in Uniswap’s native token, UNI. At the time of writing, UNI was trading at $9.37, down 16.2% in the last 24 hours, data from Coingecko shows. The crypto has also sustained a 15% loss in the last seven days. Uniswap Whales Seek Safer Shores The news of the SEC’s…

The post UNI Token Price Crashes: SEC Targets Uniswap Labs, Sparking Massive Sell-Off appeared first on Coinpedia Fintech News Uniswap Labs, the creator of Uniswap decentralized exchange (DEX), received a Wells notice from the SEC, signaling potential legal action. UNI fell 10% from $11.21 to $10 after Uniswap disclosed receiving a Wells notice from the SEC. It’s now trading at $9.66, the lowest since late February. Despite the setback, Uniswap Labs vows to contest the allegations, emphasizing the decentralized nature…