UNI consolidated above key levels as bullish signals seemed to align for a potential breakout.

The IRS' latest ruling requiring DEXs to adhere to the same reporting standards as traditional brokers has drawn sharp criticism from crypto executives and legal experts. The post Uniswap CLO Says IRS Ruling on DEXs Should Be Challenged appeared first on Cryptonews.

Uniswap chief legal officer said the IRS DeFi broker rule "absolutely should be challenged," while a Consensys lawyer argued that the ruling was released on “the last Friday of 2024 in the middle of a holiday stretch on purpose.”

Bitcoin (BTC) fell further on Boxing Day, plummeting from $98,000 to a low of $95,214, failing to reclaim $100,000 over the holiday period. The cryptocurrency is down just over 2% over the past 24 hours, trading around the $96,100 mark with sellers firmly in control.

Uniswap [UNI], one of the most popular decentralized exchange tokens, is facing an intriguing mix of market signals. Over the past 24 hours, whale activity surged by an impressive 200%, signaling significant market moves by large players.

Uniswap sees a 200% surge in large transactions, but price drops 9% in 48 hours.

Union Square Ventures (USV) extended its streak of UNI deposits to Coinbase Prime. The fund may be taking profits from its early Series A investment in Uniswap from 2020.

Union Square Ventures has transferred 578,000 $UNI tokens to Coinbase Prime in the past nine hours, which is worth approximately $8.45 million.

The team behind the largest decentralized crypto exchange (DEX) by trading volume is confirming the launch of its highly-anticipated layer-1 blockchain Unichain. In a new blog post, Uniswap Labs says that, after the successful public testnet phase of the Unichain launch, the launch of a public mainnet is the next step.

Uniswap taps web3 security firm Blockaid for a new onchain detection and response system to protect DEX users from malicious tokens.

Uniswap has announced that its DeFi-focused layer-2 solution, Unichain, is expected to launch its public mainnet in early 2025.

Since its launch in October, the project has been running on Ethereum's Sepolia testnet. The network will use Rollup-Boost, a verifiable block-building platform created by Flashbots.

TL;DR Uniswap is set to launch Unichain, a DeFi-focused Layer 2 solution built on the OP Stack, with the mainnet expected to debut in early 2025, enhancing scalability and efficiency in DeFi. Unichain has been rigorously tested on Ethereum's Sepolia testnet, processing over 50 million test transactions and deploying more than 4 million smart contracts.

Uniswap is moving deeper into decentralized finance. It has launched its very own layer 2 solution. Currently active in testnet, the new product Unichain is attracting developers. Built using the OP Stack framework, this new project is all about improving scalability and security in DeFi.

Uniswap is gearing up to launch Unichain, its DeFi-focused Layer 2 solution built on the OP Stack, with the public mainnet expected to debut in early 2025. The post Uniswap's Unichain to Launch its DeFi-Focused Layer 2 Mainnet in Early 2025 appeared first on Cryptonews.

Unichain, a DeFi-focused Layer 2 built on the OP Stack and developed by Uniswap, is expected to launch its public mainnet in early 2025.

Uniswap is showing signs of sustained growth toward key price levels, will that suffice?

Uniswap (UNI) price is down 20% in the last 24 hours, continuing its bearish trajectory after losing the $10 billion market cap it held just days ago, now sitting at $7.2 billion. The sharp decline has pushed UNI into a critical zone, with technical indicators reflecting strong downward momentum and the potential for further losses.

While the market sentiment is still bullish, the demand for long positions has decreased.

Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.

As the markets are heading towards the end of the year, the volatility has increased as expected. Meanwhile, these levels favour both the bulls and the bears at frequent intervals, suggesting a particular pattern being formed within the markets.

With the crypto market witnessing a new bearish hiccup, Uniswap trades above crucial levels. Absorbing the market hits, Uniswap aims for a breakout rally. However, the whales' activities are a matter of concern.

After an impressive rally in November, which confirmed macro bullish sentiment, Uniswap (UNI) has been consolidating in the past two weeks to give a chance for more buyers. Furthermore, the mid-cap altcoin, with a fully diluted valuation of about $16.

Saga reveals Mainnet 2.0 and partners with Uniswap, Evmos, and Squid Router on its way to launching the Saga Liquidity Integration Layer in Q1 2025. The post Saga Launches Mainnet 2.0, Partners with Uniswap appeared first on Cryptonews.

Amidst the tumult of whales and the shine of profits, Uniswap dances with the hope of a rise

Uniswap (UNI) has experienced an impressive surge, climbing nearly 20% in just 24 hours, reaching its highest price in three years. This surge has surges excitement among investors, pushing UNI closer to breaking key resistance levels that could pave the way for even greater gains.

If UNI can recover from the temporary pullback and the momentum remains bullish, the next target for price is $27.41.

Chainlink and Aave prices have done well, becoming some of the top crypto coins in the ongoing bull run. LINK is up by 250% from its August lows, while AAVE has surged by 600% from the year-to-date low.

Uniswap (UNI) price has surged nearly 20% in the last 24 hours, reaching its highest levels in three years. This rapid rally has pushed UNI price closer to breaking key resistance levels that could lead to even greater gains.

Uniswap's price has rallied, crossing a crucial resistance level, with many crypto experts predicting further gains ahead. Uniswap (UNI) token surged to $19.44, its highest level since December 2021, as crypto momentum continued to strengthen.

The Uniswap price has reclaimed the $18 mark during the early Asian market with an impressive price pump. Moreover, Uniswap's TVL has jumped 15.58% (M-o-M) to $6.720 billion, highlighting the increased adoption of this chain in the crypto-verse.

Bitcoin (BTC) reclaimed $100,000 after registering an increase of over 4% in the past 24 hours as the crypto market rallied following the release of the November inflation data. The world's largest cryptocurrency almost crossed $102,000 after reaching an intraday high of $101,819 before retreating to its current level.

Raydium, the well-known DEX native to the Solana blockchain, has once again surpassed Uniswap in monthly trading volumes.

Raydium's success is tied to Solana's dominance in DEX volumes, with Solana capturing nearly 50% of the market in November.

Raydium, the largest automated market maker (AMM) on Solana, managed to overtake Uniswap as the top platform by monthly trading volume.

In November 2024, Raydium, a decentralized exchange (DEX) native to Solana, surpassed Uniswap in terms of monthly volumes for the second consecutive month, according to a crypto report. Discover the impressive figures behind this success!

While digital assets see a sigh of relief with Bitcoin jumping above $98,000, altcoins are swiftly rebounding. Raydium's RAY led the gainers within the past day, following a 29.24% price surge. Besides the ongoing broad market recovery, bullish ecosystem developments contributed to the alt's outperformance in the past 24 hours.

Meme coin trading was a key driver of Raydium's volume with meme coins accounting for 65% of Raydium's monthly volume. Raydium Is King of DEXs Raydium (RAY), a decentralized exchange (DEX) on Solana has exceeded Uniswap‘s monthly DEX volume for two months in a row.

A significant whale transaction caught the crypto community's attention. A whale, using the wallet address “0x972,” made a massive swap, shifting from Uniswap (UNI) tokens to DYDX, the native token of the decentralized exchange (dYdX).

Matt Kreiser, a research analyst at Messari, reported that Raydium had eclipsed Uniswap to become the top DEX by trading volume across all chains for two consecutive months. Solana's Raydium(~$125B) outperformed Uniswap (~$91B) in monthly DEX volume by almost 30%.

Uniswap's native token, UNI, has come under intense selling pressure, raising concerns about its near-term trajectory. On December 10, 2024, blockchain analytics platform Lookonchain reported a significant sell-off by Cumberland, a high-profile trading firm, which offloaded 989,520 UNI tokens worth $16.73 million across major exchanges, including Binance, Coinbase, OKX, and Robinhood.

Cumberland dumps a significant 989,520 UNI tokens, worth $16.73 million.

Digital assets appear ready for recovery after the latest flash crash, which saw billions liquidated from the crypto market in the past few sessions. Let's explore movements in large-cap altcoins for an overview of the ongoing developments amid the rotation from BTC to altcoins.

DYDX's price action over the next few days could be very interesting.

Uniswap (UNI) is one of the leading decentralized finance (DeFi) tokens that continues to attract attention for its decentralized exchange (DEX) model. With its ability to facilitate peer-to-peer cryptocurrency trading without relying on intermediaries, Uniswap has positioned itself as a major player in the crypto market.

UNI, the native token of UniSwap, appears to be struggling and is poised for further price declines as whales and institutions shift their interest. On December 10, 2024, the whale transaction tracker Lookonchain posted on X (formerly Twitter) that a high-profile trading firm, Cumberland, had dumped a significant 989,520 UNI tokens worth $16.73 million.

PEPE surpasses Uniswap in market capitalization following a meteoric rise, signaling memecoins' increasing momentum.