All articles tagged with #uniswap
Uniswap's UNI token has recently declined but could see a bullish revival if Bitcoin and DeFi sentiment improve, with potential resistance levels at $12, $15, and $19, depending on market conditions and a breakout above key support levels.
Uniswap's UNI token has seen a significant increase in activity, with $38 billion in monthly volume across Ethereum Layer-2 networks, leading to bullish sentiment and a current trading price of $12.95. The token is testing a key resistance level at $13, with potential for further gains if it breaks through. On-chain data shows positive indicators such as increased large transactions and network growth, but the RSI suggests overbought conditions, indicating possible pullbacks. Traders should be cautious as exchange reserves and liquidation data present mixed signals.
Bitcoin hit a two-week high above $71,000 before paring gains, while several altcoins like Uniswap (UNI), Starknet (STRK), and BNB saw significant price increases. Uniswap surged over 20% following a cryptic social media post, Starknet rallied over 10% due to its vision to scale Bitcoin, and BNB advanced 7% due to increased Binance activities. The broader crypto market showed positive trends, with the CoinDesk 20 Index up 1.8%. Bitcoin miners also saw substantial gains, led by Core Scientific's 40% surge after a deal with CoreWeave.
Bitcoin briefly surpassed $70,000, leading gains in the CoinDesk 20 Index, which saw a 1.3% decline overall. Cardano was the only other asset in the green, while Uniswap was the worst performer, dropping 14% due to a delayed governance vote.
This week in the cryptocurrency market, Pepe (PEPE), Uniswap (UNI), and Lido DAO (LDO) emerged as the biggest winners, with PEPE leading the gains by hitting multiple all-time highs and increasing by 57.62%. On the other hand, Arweave (AR), Akash Network (AKT), and Fantom (FTM) were the biggest losers, with AR experiencing a 14.73% decline. The market remains highly volatile, emphasizing the importance of thorough research before making investment decisions.
This week on Crypto Twitter, attention was focused on the legal drama surrounding the crypto industry, with the criminal trial of Avraham Eisenberg and the SEC's lawsuit against Uniswap. Eisenberg's trial could have far-reaching implications for DeFi and automated on-chain transactions under U.S. law, while Uniswap founder Hayden Adams vowed to fight the SEC's charges. Additionally, excitement for the launch of Bitcoin Runes, particularly dog-themed meme coins, generated buzz despite some skepticism about the necessity of these tokens.
Uniswap's CEO received a Wells notice from the SEC, drawing parallels to Ripple's legal battle, with potential lessons to be learned from Ripple's resilience. Despite a recent market downturn, XRP sustained positive trading momentum, with some investors viewing the drop in prices as a buying opportunity. UNI token holders may anticipate a significant value rise in the coming days, as Uniswap navigates its legal challenges and draws insights from Ripple's experience.
Bitcoin's price has dropped to below $67,000 just a week before its halving event, down nearly 2% over seven days and struggling to regain its March all-time high. Ethereum is also down over 3% at $3,226, while Solana has plunged 13% to $142.62 due to network congestion issues. Uniswap's UNI token fell 33% following news of SEC scrutiny, and smaller tokens like Wormhole are down 46%. However, Toncoin has surged nearly 20% to $6.44 amid news of a potential IPO for Telegram.
Uniswap's UNI token price crashed 17% following SEC's actions and warnings, leading to significant sell-offs by large holders, causing a cascade effect and triggering panic selling among investors. The selling pressure from whales could erode investor confidence and lead to a prolonged bearish trend, potentially deterring new investors and prompting existing holders to liquidate their positions. Traders also suffered substantial financial losses, with $4.4 million worth of positions liquidated in the last 24 hours, primarily long positions. This event can contribute to increased price volatility and affect market liquidity, with UNI trading at $9.32 at press time.
Decentralized exchange Uniswap's native token, UNI, dropped 9.5% after receiving a notice from the SEC about a potential enforcement action, causing a 18% loss over 24 hours. Bitcoin's upcoming halving event is expected to drive bets on related networks and ecosystem tokens, potentially leading to a bull market. Hong Kong regulators are reportedly nearing approval of spot-based bitcoin ETFs, which could attract Chinese investors seeking new wealth storage options.
The SEC has served Uniswap Labs with a Wells Notice, signaling a potential lawsuit, prompting the crypto industry to view it as a significant attack on decentralized finance (DeFi). Many in the industry expressed support for Uniswap and its founder, Hayden Adams, while also criticizing SEC Chair Gary Gensler. Some called for clear regulation to enable the crypto industry to thrive in the U.S. rather than seeking success elsewhere.
Decentralized exchange Uniswap received a Wells notice from the SEC, signaling a potential enforcement action for acting as an unregistered securities broker and exchange. Uniswap's CEO expressed readiness to fight the charges, while the company argued that tokens it offers are not intrinsically securities. The SEC's move is seen as part of a broader effort to regulate the crypto industry, with Uniswap highlighting the lack of clear regulatory framework and ongoing congressional deadlock.
Bitcoin surged 11.5% to near $57,000, led by Bitfinex traders and boosted by spot buying on Binance, with Pantera founder Dan Morehead attributing the rally to institutional capital inflows and the impending BTC reward halving. OKX launched a platform in Turkey to cater to the growing crypto adoption and transaction volume in the country, while Uniswap's UNI token surged 60% after proposing to distribute protocol fees to token stakers, leading to a whale address liquidating 90,000 tokens.
Crypto analyst Ali Martinez forecasts that Bitcoin (BTC) is in a bullish phase that could last until December 2025, based on the four-year halving cycles. Despite a recent sell-off by miners, the trend is expected to continue. Additionally, Martinez suggests that Uniswap (UNI) is also in a bullish trend, with the potential to reach $10 after turning a significant resistance level into support. However, Bitcoin is currently experiencing a slight decline in value, trading at $42,182, while Uniswap trades at $7.56, both seeing a decrease in the last 24 hours.
A New York court has dismissed a proposed class action lawsuit against decentralized crypto exchange Uniswap, ruling that the true defendants were the issuers of "scam tokens" and not Uniswap itself. The court classified popular cryptocurrencies Ethereum (ETH) and Bitcoin (BTC) as commodities while dismissing the lawsuit, even as the SEC has not officially done so. The court's opinion on the dismissal could impact future litigation against decentralized protocols and cases alleging violation of U.S. securities laws. The judge overseeing the case also handles the SEC lawsuit against Coinbase.