Uniswap Labs has recently issued a strong response to the SEC’s Wells notice, rejecting the agency’s attempts to regulate DeFi as misguided and legally unsound. The company expressed confidence in its position and readiness to defend itself in potential litigation against the SEC. In a blog post on May 20, Uniswap Labs criticized the SEC’s
Ethereum
Peter Schiff, a prominent gold bug, has been relentless in his criticism of bitcoin, even as the cryptocurrency soared above $70,000. Schiff’s latest warning came in response to the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission. He believes that if these ETFs are given the green light, it could
The recent surge in Bitcoin and Ethereum prices has not been without casualties in the crypto market. In the past day alone, over $330 million has been liquidated, with short traders bearing the brunt of the losses. According to Coinglass data, more than 78,000 crypto traders have seen their positions liquidated, resulting in hundreds of
Recent developments within the SEC have sparked greater optimism surrounding potential approvals for spot Ethereum ETF applications. Sources have indicated that the SEC has requested applicants to update their 19-b4 filings, leading to speculations that the regulatory body may not deny pending applications as initially expected. ETF analyst Eric Balchunas and ETF Store President Nate
Ethereum, the second-largest cryptocurrency by market capitalization, is currently positioned at a critical juncture, with predictions of a potential breakout. Prominent crypto analyst Jelle recently highlighted that Ethereum is approaching the end of a falling wedge pattern, typically interpreted as a bullish signal in technical analysis. As Ethereum recently regained its 100-day Exponential Moving Average
The resurgence of retail investors in Ethereum meme coin markets has taken many by surprise. The rise of a new token, Apu, on decentralized exchanges (DEX) has captured the attention of many traders. This shift in market dynamics marks a notable change after a period dominated by Solana meme coins. The decline in Ethereum gas
Bitcoin’s price has been fluctuating in the past 24 hours, dropping below $67,000 multiple times but managing to react positively to each correction. Despite some temporary setbacks, the cryptocurrency now hovers around the $67,000 mark once again. Last week, Bitcoin experienced a brief drop to just over $61,000 due to some issues with Coinbase, but
The upcoming week is poised to be an eventful one in the economic realm, with key highlights being the release of the Federal Reserve meeting minutes and a much-anticipated earnings report from semiconductor giant Nvidia. These two events have the potential to significantly impact market sentiment and direction in the coming days. In addition to
Two siblings, Anton Peraire-Bueno and James Peraire-Bueno, who both attended the prestigious Massachusetts Institute of Technology (MIT), have been accused of exploiting a vulnerability in the Ethereum blockchain. This resulted in them reportedly swindling $25 million within just 12 seconds, making it a highly sophisticated and unprecedented caper. If found guilty, they could face sentences
Polkadot, a blockchain protocol known for its advancements in scalability and efficiency, recently announced a groundbreaking partnership with Founder Institute, a leading business incubator. This collaboration marks the launch of the first Web3 cohort in Founder Institute’s Core Program. The team described it as an exciting chapter in startup acceleration and Web3 technology education. The