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In a recent letter dated July 9, Uniswap Labs cited the Supreme Court's decision in the case of Loper Bright Enterprises v. Raimondo, which ruled that courts are no longer required to defer to federal agencies' interpretations of ambiguous laws.
Uniswap Labs, the developer behind the Uniswap Decentralised Exchange, has urged the SEC to drop its proposal to rule over Defi, citing a recent Supreme Court decision claiming that the proposed changes would intrude the SEC's authority over the DeFi platforms and are likely to be rejected by the Supreme Court.
Uniswap Labs argues the SEC's proposed legal amendments to give it power over DeFi are being made against “a legal backdrop that no longer exists.”
Uniswap Labs has formally petitioned the U. S. Securities and Exchange Commission (SEC) to revisit the proposed rule changes it has made to the Securities Exchange Act of 1934 with the aim of broadening the definition of an “exchange”.
Latest updates on the coins UNI, ATOM, and FET.
Prominent crypto analytics firm Santiment is unveiling a list of large-cap altcoins that may see short-term rallies following last week's correction. The crypto insights firm says on the social media platform X that the Market Value to Realized Value (MVRV) metric of seven altcoins has dropped to negative territory.
The cryptocurrency market has recently seen a downturn, with many altcoins on the verge of recovery. This sentiment is particularly beneficial for cryptocurrencies approaching significant market cap milestones.
Whales are busy again, and UNI is responding to all that.
Uniswap (UNI), the native token powering the renowned decentralized exchange platform, has found itself amidst turbulent waters in the volatile cryptocurrency market. As of today, UNI's price stands at $8.66, reflecting a recent downturn exacerbated by broader bearish sentiments across digital assets.
Institutional interest and technological advancements in Q3 2024 could significantly boost crypto market valuations and investor sentiment. The post Ethereum ETF, Uniswap V4, and Cardano are major crypto catalysts in Q3 appeared first on Crypto Briefing.
Ethereum isn't the only altcoin affected by the SEC's delay.
Bitcoin (BTC) has seen a sharp drop during the week, with selling pressure continuing to mount. The cryptocurrency is struggling to trade above $60,000 and is down by over 2% during the ongoing session.
UNI, the native token of the decentralized crypto exchange Uniswap is down alongside the other coins. The crypto market has declined again after a slight recovery at the start of the month.
With its swap volume surging to a new all-time high, Uniswap, the leading decentralized exchange (DEX) in the cryptocurrency industry, has achieved a noteworthy milestone, showcasing its position as a formidable DEX.
The price of UNI, the governance token of the Ethereum-based decentralized exchange Uniswap, has maintained a steady decline since June 18, forming a descending triangle.
Since last week, Bitcoin has been trying to recover after dipping to $58,562. Although it nearly reached $63,976 on July 1, increased selling pressure and continued selling of Bitcoin by the German government forced its price back down to $60,490, reflecting a 3.6% drop.
This partnership between Transak and Uniswap empowers users to seamlessly purchase crypto directly through the Uniswap Wallet.
Transak and Uniswap Labs partner to enable fiat-to-crypto purchases in the Uniswap Wallet.
Web3 payment infrastructure provider Transak has partnered with Uniswap Labs and will serve as its fiat on-ramp provider.
In a recent update, Uniswap has enabled users to purchase tokens directly on its platform. This includes various mainstream payment methods such as debit cards, bank accounts, Robinhood, and Coinbase.
Despite bearish predictions, Bitcoin (BTC) has crossed $63,000, rebounding after hitting its support level of $60,000 on Friday, with buyers entering the market and pushing the price higher.
The U.S. SEC, led by Gary Gensler, has recently alleged that prominent DeFi projects like Lido and Rocketpool qualify as securities. This move adds to a growing list of legal actions against major crypto entities, including Uniswap, Kraken, Coinbase, Metamask, and Robinhood.
EigenLayer Research invites proposals for Uniswap v4 Hooks, aiming to collaborate with innovative builders to enhance the decentralized finance ecosystem.
These top exchange cryptos could potentially surge as trading volumes increase during the anticipated altcoin season.
