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A wallet connected to Ethereum's Genesis block appears to have launched a memecoin that soared to a $100 million market cap within an hour.
August has seen a market downturn, leading to price dips for many assets. Whales, aiming to capitalize on the current conditions, have started accumulating certain altcoins in anticipation of potential gains in the coming month.
A new meme coin linked to the Ethereum Genesis block quickly climbed to the top of Uniswap's trading charts on August 28.
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UNI, the native token of Uniswap, one of the top decentralized exchanges (DEXes), is under immense selling pressure. From the daily chart of the UNIUSDT, the token is down 62% from March highs, though prices have stabilized in the past few trading weeks.
Uniswap price recently experienced a downturn after a period of significant gains. The current market conditions suggest increasing volatility as bearish trends start to dominate.
In its latest move, Uniswap has integrated uni.eth usernames directly into its mobile app. This offers users a simple, gasless, and free way to claim their on-chain identities.
Uniswap investor recently reactivated their wallet after six months of inactivity, withdrawing a substantial 1.48 million UNI tokens—valued at approximately $10.4 million—from Coinbase Prime. This significant movement has captured the attention of the cryptocurrency community, especially given the current market's volatility.
After a decline following the market crash earlier this month, Uniswap has made a strong return.
BlackRock has now surpassed Grayscale in total cryptocurrency holdings, marking a significant shift in on-chain assets. This change establishes BlackRock as the preeminent ETF-related institution within the Arkham network.
With the broader market swing suggesting that most cryptocurrencies are in a bull run, Uniswap has continued its upward trajectory, capturing some of the momentum of the broader market. According to CoinGecko, the token is up nearly 12% since last week despite the market dipping slightly yesterday, August 21st.
Uniswap (UNI), an Ethereum-based altcoin is making waves in the cryptocurrency landscape due to its impressive price surge and recent breakout. On August 22, 2024, following the breakout, a whale reactivated after six months and withdrew a significant 1.48 million UNI tokens worth $10.
Uniswap price surged 12% to $6.9 on Wednesday, outperforming the general market uptick. The high momentum rally could be attributed to whale accumulation and Prometheum Capital's announcement of adding Uniswap (UNI) and Arbitrum (ARB) to its custodial platform.
Prometheum is expanding its custody operation beyond Ethereum's ETH, and that means it would be holding UNI and ARB as securities.
Prometheum Capital has plans to add Uniswap's UNI and Arbitrum's native ARB to the custodial platform it intends to launch in the coming weeks, the company said Wednesday.
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Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security.
Prometheum Capital, an SEC-recognized cryptocurrency firm, has announced the addition of Uniswap (UNI) and Arbitrum (ARB) to its custodial services for US customers. This expansion marks a significant step in the company's ongoing efforts to enhance its cryptocurrency offerings and cater to the growing demand for secure digital asset storage solutions.
Prometheum's custodial arm said it plans to add two new "digital asset securities" to its ranks, UNI and ARB.
The debate on the regulation of cryptocurrencies in the United States
Digital assets firm Prometheum has revealed its plan to offer Uniswap (UNI) and Arbitrum (ARB) custody for US clients alongside Ethereum. Notably, the firm has previously launched Ether custody as a security offering earlier this year.
Polygon and Uniswap gain ground as Litecoin and others drag CoinDesk 20 index down by 0.3%.
Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission's view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether the rest of the industry agrees or not.
Growing selling pressure forced BTC back below $60,000, with the cryptocurrency currently trading around the $59,500 mark.
