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. The firm says Unichain […]
The post Uniswap Labs Says New Layer-1 Network Unichain To Launch in ‘Early 2025’ appeared first on The Daily Hodl.
The CFTC’s Summer Mersinger advocated structured crypto regulations and urged the industry to engage with the incoming US administration.
Speaking at the North American Blockchain Summit on Nov. 21, CFTC Commissioner Summer Mersinger discussed the need for standard US crypto-related policies through notice and comment regulation.
The United States Commodity Futures Trading Commission (CFTC) has played a role in implementing the current “regulation by enforcement” strategy alongside the Securities and Exchange Commission (SEC) under the outgoing administration, as evidenced by recent charges against Uniswap Labs.
Mersinger also said recent litigation against a decentralized autonomous organization (DAO) required the CFTC to seek a court verdict for entity classification. In this case, the CFTC wanted to classify the DAO as a corporation or association:
Google mistakenly promoted a fake version of the Unichain website that spammed users with requests to drain their wallets.
As the buzz around crypto exchange Uniswap’s new Ethereum layer 2 builds, scammers have decided to take advantage of the situation to promote a fake website on Google that claims to promote the network.
The website, originally located at unlchalindefi[.]com, claimed to be the official site for Uniswap’s Unichain network. But in reality, it did not offer a new network with user-friendly apps.
Instead, it stole all of the user’s cryptocurrency and transferred it to the site’s developers, who were not affiliated with Uniswap at all, according to warnings presented in the Web3 wallet MetaMask.
Uniswap Labs and UNI tokenholders will benefit the most from Unichain, while ETH holders will likely see the biggest loss, says DeFi Report founder Michael Nadeau.
Uniswap’s new layer 2 blockchain Unichain could be a boon for creator Uniswap Labs and holders of the project’s token, potentially earning them close to $500 million a year from fees that would’ve otherwise been paid to the Ethereum network.
Unichain’s launch would see $368 million previously paid to Ethereum validators in the last year put directly into the hands of Uniswap Labs and likely Uniswap (UNI) tokenholders, DeFi Report founder Michael Nadeau said In an Oct. 13 X post.
Uniswap Labs would also be able to capture all Maximum Extractable Value (MEV) on Unchain because it owns all of the validators on the network, instead of allowing Ethereum validators to scalp MEV, he added.
Uniswap Labs CEO Hayden Abrams has refuted claims that the platform charges $20 million for protocol deployments, calling them “completely false.” Abrams, who said he rarely engages with individuals seeking attention, explained that protocol deployments typically follow a governance vote. He added that deployments are prioritized based on the activity and effort involved, but efforts […]
The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity Exchange Act (CEA) for offering leveraged retail commodity transactions without proper registration. Uniswap Labs, the company behind a popular decentralized digital asset […]
The Commodity Futures Trading Commission (CFTC) is filing charges against the firm behind Uniswap (UNI), alleging that it offered illegal crypto derivatives contracts. In a new press release, the regulatory agency says it has slapped Uniswap Labs with a $175,000 civil penalty and a cease and desist letter after it was allegedly found to be […]
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ERC-7683 aims to standardize cross-chain trade execution, enhancing interoperability between decentralized networks.
Uniswap Labs and Across Protocol have collaborated to introduce ERC-7683, a proposed standard for cross-chain trade execution.
The initiative, highlighted in a recent X post by Uniswap Labs, introduces the new standard’s aim to create a unified framework for cross-chain intents and to improve interoperability between decentralized networks.
The proposal has been made publicly available for review on the Ethereum Magicians forum, seeking to create a structure that various decentralized platforms can adopt to improve user experience and trade efficiency.
Uniswap Labs argues the SEC’s proposed legal amendments to give it power over DeFi are being made against “a legal backdrop that no longer exists.”
Uniswap Labs, the developer behind the Uniswap decentralized exchange, has again pressed the US Securities and Exchange Commission to drop its proposal to rule over decentralized finance (DeFi), citing a recent landmark Supreme Court decision.
Since at least April 2023, the SEC has proposed expanding the definition of what qualifies as an exchange in the Exchange Act of 1934 — explicitly arguing that it should include crypto market participants in DeFi.
Uniswap has been among those arguing against it. In a July 9 letter, Uniswap added further arguments following a comment letter it sent last month, calling for the SEC to drop its proposed amendments.
Crypto meets reality TV in a hit online game just scooped by Uniswap.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
CTG players pay 0.1 Ether (ETH) to participate and the last survivor takes home the pot of entry money, minus a 10% fee that keeps the game running. The losing tribes are forced to vote members out of the game. Players can receive personal immunity by tweeting about playing. On the last day, previously eliminated players vote for one of the two last survivors.
