Shiba Inu (SHIB) was launched in August 2020, quickly gaining attention due to its meme-based marketing and the support of a dedicated community, known as the "Shib Army."
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President Biden Vetoes SEC SAB 121 Repeal Resolution
U.S. President Joe Biden issued a veto against H.J.Res. 109, a resolution that would disapprove of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121). In its veto document, Bides states that the approval of this Republican-led resolution would “inappropriately constrain the SEC’s ability to set forth appropriate guardrails and address
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Crypto Influencers Endorse BDAG Over XRP & Arbitrum Price
YouTube Influencers Boost BlockDAG Appeal with $38M Presale Gain, Dominating Over XRP Holders’ Moves & Arbitrum Price Flux While XRP holders face losses and Ripple struggles at $0.55, BlockDAG‘s presale success sets it apart. Garnering $38 million and promising substantial returns, BlockDAG leverages crypto influencers’ endorsements. In particular, Oscar Ramos
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Telegram Gaming Token Notcoin (NOT) Surges Nearly 160% This Week To Reach a New All-Time High
A new altcoin connected to a viral game on the encrypted messaging platform Telegram printed fresh all-time highs this week after surging by nearly 160%. NOT is a community token for the popular Telegram-based tap-to-earn mining game Notcoin that began trading on May 16th when Binance rolled out support for the asset via its Launchpool The post Telegram Gaming Token Notcoin (NOT) Surges Nearly 160% This Week To Reach a New All-Time High appeared first on The Daily Hodl .
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BlockDAG Shines With $37M Presale Following The Dashboard Update As NEAR and Avalanche Prices Climb
In the bustling crypto market, NEAR Protocol and Avalanche are posting substantial gains, forecasting a bright future for their respective prices. Amidst these rising stars, BlockDAG distinguishes itself as the prime investment choice, boasting a successful presale that garnered over $37 million. A recent update to its dashboard has further refined the community experience, making The post BlockDAG Shines With $37M Presale Following The Dashboard Update As NEAR and Avalanche Prices Climb appeared first on Live Bitcoin News .
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UNI Price Slides 8% As Uniswap Delays Crucial Voting Proposal
In a blow to the momentum of the Uniswap native token, UNI, the decentralized exchange (DEX) has been forced to postpone a highly anticipated proposal that would have improved its token governance and fee distribution model. Meanwhile, the company is also locked in a legal battle with the US Securities and Exchange Commission (SEC) over the regulatory status of its UNI token. Postponed UNI Governance Upgrade Sparks Sell-off On Friday, the Uniswap Foundation announced that it was delaying the deployment of the first proposal to activate Uniswap Protocol Governance. The foundation cited the need for additional due diligence on “a new issue” raised by a stakeholder, underscoring the sensitivity of the proposed upgrade. The Foundation further stated: This was unexpected, and we apologize for the postponement. We will keep the community apprised of any material changes and will update you all once we feel more certain about future timeframes. Related Reading: Market Analysis: How Will Mt. Gox’s Bitcoin Distribution Affect Crypto Prices? The shelved proposal aimed to streamline Uniswap’s fee mechanisms, allowing UNI token holders who have staked and delegated their tokens to be rewarded. It would have increased the efficiency of fee adjustments and reduced the governance burden on delegates while maintaining the protocol’s “credible neutrality.” The delay has had a tangible impact on UNI’s price, as seen in the token’s daily UNI/USD chart above. The token has slid down to the key support level at $10.20—an 8.6% decline in the past 24 hours. Should the token fail to regain bullish momentum and the $10 support level, it could retrace further to $9.66 and potentially as low as $9.33. Uniswap In High-Stakes Showdown With SEC Adding to Uniswap’s challenges, the company is embroiled in a high-stakes legal battle with the SEC. The regulatory agency has issued a Wells Notice to Uniswap Labs, signaling its intent to recommend enforcement action against the firm. Uniswap Labs has pushed back, arguing that the SEC’s case is flawed and fails to recognize the distinction between tokens as stores of value and tokens as securities. The company has expressed confidence in a favorable outcome, noting that its legal team has a strong track record of victories against the SEC, stating: But we’re prepared to fight. Our lawyers are 2-0 in high-profile SEC cases. Andrew Ceresney, a former head of enforcement at the SEC, represented Ripple in their victory over the SEC. Don Verrilli, a former U.S. solicitor general, has argued more than 50 cases before the U.S. Supreme Court and represented Grayscale in its successful case against the SEC. Related Reading: Rumor Of Apple Partnership Sends Crypto Altcoin Soaring By 20% Despite these setbacks, Uniswap continues to demonstrate substantial growth, with a total value locked (TVL) of $6.1 billion and a market capitalization of $7.7 billion, according to DeFiLlama data. Moreover, CoinGecko data shows that the UNI token’s trading volume has increased by 21.5% over the past 24 hours, reaching $264 million. As the Uniswap community awaits updates on the delayed governance proposal and the outcome of the SEC battle, the platform’s long-term prospects will likely hinge on its ability to navigate these challenges and maintain its position in the market. Featured image from Shutterstock, chart from TradingView.com
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