Decentralized crypto exchange Uniswap has received a Wells notice from the SEC, signaling that the regulator intends to take enforcement action against the platform for potentially acting as an unregistered securities broker and exchange, causing Uniswap's native token, UNI, to drop 9.5% in value. Uniswap plans to fight the charges and believes its products are legal, while criticizing the SEC for targeting legitimate actors in the industry and failing to create clear regulations.
The United States Securities and Exchange Commission (SEC) has issued a Wells notice to Uniswap Labs, the company behind the Ethereum decentralized exchange, warning them of a potential lawsuit over securities charges, which Uniswap founder Hayden Adams vows to fight, claiming that their products are legal and on the right side of history, while accusing the SEC of targeting good actors like Uniswap and Coinbase instead of focusing on bad actors like FTX.
Bitcoin (BTC), Solana (SOL), and Shiba Inu (SHIB) have been the most discussed tokens in 2024, with all three experiencing significant gains and attracting new users; a $10,000 investment at the beginning of the year in Bitcoin would be worth $17,400, in Solana $24,400, and in Shiba Inu as much as $34,200, outpacing the gains of the S&P 500.
Dogecoin's price is facing bearish behavior from investors and a potential decline due to decreasing support from DOGE holders and the movement of a significant amount of supply into whale wallets, while the coin is also stuck in a bearish rising wedge pattern.
The Securities and Exchange Commission (SEC) plans to bring an enforcement action against Uniswap, the leading decentralized finance (DeFi) platform, for alleged violations related to offering unregistered securities or failing to register as a broker or exchange. The outcome of the case is uncertain due to the unique nature of DeFi technology and a previous legal victory for Uniswap.
Coinbase has surprised users by adding Shadow Token (SHDW), a Solana-based altcoin, to its trading platform, causing the price to surge over 18% before slightly retracing, while also announcing the listing of another Solana-based altcoin, Tensor (TNSR).
Blockchain project EigenLayer, which has attracted $12 billion in user deposits and raised $100 million in funding, has launched on Ethereum's mainnet but is still missing key features, including its reward system and slashing mechanism, leaving some investors and developers frustrated and questioning its ambitious roadmap.
BlackRock's Bitcoin ETF is rapidly closing the gap with Grayscale's in terms of assets under management, with a difference of $3.8 billion currently, potentially surpassing it this month.
A senior Binance executive has been ordered to be remanded at a prison in Nigeria after being arraigned on charges of money laundering, while his colleague remains at large.
Bitcoin is approaching a renewed test of its all-time high, and if it holds above $69,000, it could trigger a major price rally; Elon Musk predicts that artificial intelligence will surpass human intellect by the end of next year; Shiba Inu coin may experience a price boost if it remains above the 50-day Exponential Moving Average.
The crypto options space has experienced periods of exponential growth followed by declines, with the need for active management and market microstructure being key challenges, but institutional providers are advancing infrastructure for non-retail investors to participate and benefit from structured products.
Scammers are targeting users on social media platforms by using social-engineering techniques to trick them into interacting with malicious smart contracts or websites during pre-sales on Solana, with 50% of recent token launches on the platform being malicious, according to blockchain security firm Blockaid.
Metaco, the cryptocurrency custody firm acquired by Ripple for $250 million, has experienced the departure of several executives and marketing team members, following the exits of their CEO and chief product officer.
SEC Commissioner Hester Peirce, known for her support of cryptocurrencies and blockchain, discusses her views on regulation, decentralization, and the role of the SEC in overseeing crypto markets in an interview ahead of her speaking engagement at Consensus 2024.
A third of consumers surveyed expect Bitcoin to drop in value by the end of the year, while only 10% believe it will reach a new all-time high, according to a Deutsche Bank survey.
Bitcoin layer-2 developer Alpen Labs has raised $10.6 million in funding to scale Bitcoin's blockchain using zero-knowledge proofs, allowing for secure and fast data transfers to improve speed and reduce costs.
The European Securities and Markets Authority (ESMA) has expressed concerns about the high concentration of crypto trading on a few exchanges, particularly Binance, as a failure or malfunction in a major asset or exchange could have significant implications for the wider crypto ecosystem. ESMA's analysis also revealed that the euro currency plays a minor role in crypto trading and that most transactions occur outside the European Union.
Mobile fitness game Stepn has launched a $30 million airdrop campaign, distributing 100 million airdrop points to players, redeemable for Stepn's native GMT token, as a token of gratitude to its loyal community members.
The looming rate cuts by the Fed are seen as bullish for Bitcoin and precious metals, according to billionaire Mike Novogratz, who believes the cuts will increase liquidity and view Bitcoin as a safe store of value in uncertain economic times.
The founder of MicroStrategy and head of the company's Bitcoin strategy, Michael Saylor, reminds the cryptocurrency community not to miss the upcoming Bitcoin halving event, which is expected to bring significant momentum to the Bitcoin price.
Robert Kiyosaki, author of "Rich Dad Poor Dad," is advocating for Bitcoin and other assets like gold and silver due to their deflationary nature and limited supply, citing recent comments by Federal Reserve Chair Jerome Powell as evidence that inflation is winning and the consequences for individuals, families, and the world.
Bitcoin and Ethereum prices dropped over 2% after the US Bureau of Labor Statistics revealed that the Consumer Price Index remained at 3.5%, indicating consistent high inflation rates which could potentially hinder the Federal Reserve from reducing interest rates.
Short sellers betting against MicroStrategy and other crypto-related companies have lost billions of dollars since March, highlighting the impact of the recent rally in the crypto market and the growing interest in bitcoin.
Despite facing challenges and scandals, Binance's CEO Richard Teng has managed to attract new users and maintain the exchange's dominance in the crypto market, while also navigating the delicate situations surrounding the detention of its head of financial compliance, Tigran Gambaryan, and the potential appointment of a monitor by the US Justice Department and Treasury Department.
Option2Trade (O2T) has experienced a remarkable 500% growth in a short period of time, signaling a shift in investor sentiment towards innovative alternatives in the cryptocurrency market amidst uncertainties surrounding Bitcoin and Ethereum, as well as the anticipation of an Ethereum ETF.
The Consumer Price Index (CPI) for March rose more than expected, casting doubt on hopes for a Fed rate cut and causing negative reactions in the bitcoin market and traditional markets.
Grayscale's GBTC fund is approaching a state of equilibrium with outflows due to anticipated selling and liquidations from bankruptcies of crypto firms, according to CEO Michael Sonnenshein, who also expects fees to decrease as the market matures and mentioned plans for a Bitcoin "Mini Trust" to address ongoing outflows.
Bitcoin's upcoming halving, combined with the launch of new bitcoin spot exchange-traded funds (ETFs) and a potential Federal Reserve flip, has driven its price surge but also raised concerns about a possible price crash in the crypto market.
Bitcoin is poised for a potential surge as the highly-anticipated halving event approaches, which will decrease mining rewards and control the supply of bitcoins.
Bitcoin miners are depleting their coin stashes to upgrade equipment and ensure sustainability after the upcoming halving of rewards, with the number of bitcoin held by miners reaching its lowest level since early 2021.
Economist Peter Schiff warns Bitcoin investors that if they don't sell and invest in gold and silver, they will "have fun staying poor," citing the potential for a bigger crash in the cryptocurrency's future. Schiff, a long-time advocate for precious metals, believes gold and silver offer a safer haven from inflation and predicts significant upside potential for both.
Bitcoin and altcoins trade weak ahead of the U.S. CPI release, but selling pressure from long-term holders is weakening and some analysts believe the correction could be over.
Solana meme coin Dogwifhat (WIF) and other Solana meme coins have experienced double-digit drops, reflecting the broader decline in the Solana ecosystem caused by network congestion issues. Solana developers aim to fix the implementation bug causing the problem by April 15.
Senators Kirsten Gillibrand and Cynthia Lummis are set to introduce a new stablecoin bill that aims to promote financial innovation and stability in the cryptocurrency market by enhancing industry integrity and establishing strict regulatory conditions.
Grayscale's CEO, Michael Sonnenshein, believes that outflows from the company's bitcoin ETF, GBTC, will reach a balance, as some of the selling related to bankrupt crypto firms is mostly done and the approval of spot bitcoin ETFs in January led to significant outflows as investors likely sold GBTC shares to invest in the new funds.
Hong Kong is expected to approve the first set of applications for spot-bitcoin exchange-traded funds (ETFs) this week, potentially making it the first jurisdiction in Asia to offer these products.
The cryptocurrency market faced a series of setbacks in March and ongoing into April, with jury verdicts, regulatory investigations, and judicial rulings exposing fraud and illegal activity within the industry.
Retail investors have become more positive about cryptocurrencies, with 40% believing that bitcoin will thrive in the future, while 38% expect it to disappear; over 50% anticipate another major crypto to collapse by 2026.
Bitcoin and Ethereum have experienced dips in price ahead of the release of U.S. inflation data, but both have still gained compared to last week; however, volatility leading up to Bitcoin's upcoming halving event has led some traders to predict a delayed post-halving rally, and the Ethereum community has faced pessimism from spot Bitcoin ETF issuers who doubt progress will be made this year.
Questions are being raised about the investigation into the death of 19-year-old Zac Brettler, who jumped to his death in London in 2019, as new evidence suggests discrepancies in the accounts given by his acquaintances, crypto millionaire Akbar Shamji and gangster Verinder Sharma, about their movements on the night of his death.
Bitcoin could reach $150,000 by the end of 2024 and $500,000 within five years, according to Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, who has a good track record with his predictions. The catalysts for this potential surge include the approval of spot Bitcoin ETFs and the halving of Bitcoin mining rewards.
Crypto exchange WOO X has partnered with market maker Wintermute and index provider GMCI to introduce a set of index perpetual contracts linked to meme coins, the top 30 cryptocurrencies, and layer 2 tokens, with plans to further expand their offerings with copy trading and on-chain U.S. Treasury Bills.
A hidden war is taking place among major players in the Solana network, with DDoS attacks and spam tactics being used to gain priority and hinder transactions, leading to dissatisfaction and concerns among users and developers.
Bitcoin trader Peter Brandt believes that Bitcoin may soon rally to around $80,000, but warns of a possible significant correction after the rally, followed by a new uptrend, and questions the likelihood of an altcoin season based on Bitcoin's dominance in the market.
Gaming startup Playtron has unveiled the SuiPlay0x1, a handheld gaming device that runs on the Linux-based Playtron OS and aims to challenge the dominance of handhelds from giants like Steam and Nintendo by offering compatibility with blockchain games and PC games from platforms like Steam and Epic Games Store; the device will be launched in 2025 and promises deep integration with the Sui blockchain, as well as incentives and rewards for users.
Hong Kong-based stablecoin issuer First Digital Trust is expanding its FDUSD token to the Sui blockchain in an effort to boost its usage among decentralized finance users, becoming the first top stablecoin natively issued on the Sui network.
A digital dead man's switch called Sarcophagus has been developed by Zach Hamilton to help recover cryptocurrency wallets and pass credentials to inheritors without relying on a third party, using the concept of a dead man's switch combined with crypto technology.
Bitcoin's recent dip is likely due to nervousness ahead of the U.S. CPI release, and shouldn't be seen as a bearish trend reversal, according to 10x Research's Markus Thielen. A soft inflation print could potentially lead to a rate cut in June, injecting upside volatility in cryptocurrencies and other risk assets.
Major cryptocurrencies faced a drop as $250 million in the crypto derivatives market experienced liquidations, triggered by anticipation of higher-than-expected inflation and resulting in a surge of long liquidations.
U.S. Representative Patrick McHenry urges the United States to lead in Bitcoin innovation and stresses the importance of understanding the technology to make informed policy decisions.
