Global #Uniswap

In a move that signals Uniswap Labs' ambition to be a major player in the Web3 gaming landscape, the company has acquired 'Crypto: The Game'. The terms of the deal have not been disclosed.

The Uniswap Foundation, overseeing the decentralized exchange Uniswap, has decided to postpone the highly anticipated vote on UNI staking and delegation rewards scheduled for May 31.

The Uniswap Foundation, which supports the Uniswap decentralized exchange, has revealed its financial status ahead of a crucial vote on protocol fees in V3 pools. As of March 31, 2024, the foundation holds $41.41 million in cash and stablecoins, along with 730,000 UNI tokens. These resources are projected to sustain the foundation through 2025.

The recent approval of spot Ether exchange-traded funds (ETFs) by the SEC on May 23 didn't extend Ether's recent rally, which saw a roughly 25% increase last week. However, it's noteworthy that the regulatory green light didn't prompt a sell-off either, suggesting that bullish sentiment for ETH hasn't waned significantly.

Uniswap's price surged over 20% in the last 24 hours, reaching $10.99, its highest point since early April. The bullish trend suggests that increased buying pressure might drive UNI towards the March high of $15.40.

Uniswap has responded to the SEC's Wells notice with a 43-page submission, arguing against potential enforcement actions. The company asserts that it doesn't fit the mold of a traditional exchange and points out that the SEC lacks jurisdiction over assets like bitcoin, ether, and stablecoins, which are the primary assets traded on its platform.