The U.S. Securities and Exchange Commission (SEC) has set its sights on Uniswap Labs, the company responsible for operating the largest decentralized exchange (DEX) in the world. This move represents another aggressive action by the regulator against players in the decentralized finance (DeFi) space. Uniswap Labs is not taking this challenge lightly and has expressed
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Investors and analysts have been closely watching Cardano’s (ADA) price performance, trying to predict its future trajectory in the cryptocurrency market. Despite being ranked ninth on CoinMarketCap, recent data has shown that ADA lost its spot in the top ten cryptocurrencies, being surpassed by Toncoin (TON) with a market capitalization of $23.3 billion compared to
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The European Securities and Markets Authority (ESMA) recently issued a warning about the highly concentrated nature of the cryptocurrency markets. This concentration poses a significant risk, as a failure of a single asset or exchange could have widespread implications for the entire crypto ecosystem. ESMA’s findings reveal that market capitalizations and trading volumes within the
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Ethereum has been going through a period of sideways consolidation after a drop to the critical support level of $3,000. Currently, the cryptocurrency is trading within a range of $3,000 and $3,700, showing little signs of volatility unless a breakout occurs in either direction. The daily chart analysis reveals Ethereum’s extended consolidation phase after finding
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The Avalanche Foundation made waves in the crypto community when it announced its decision to start acquiring meme coins in Q4 of 2023. This move marked the beginning of the foundation’s push to establish itself as a key player in the digital culture space. With a specific focus on animal-themed cryptocurrencies, Avalanche’s initial picks included
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