Here’s what happened in crypto today
Today in crypto, the US Securities and Exchange Commission has reportedly dropped its investigation into Uniswap. CryptoQuant CEO Ki Young Ju has predicted a selective altcoin season in 2025. Elsewhere, Bitcoin and the broader markets slumped as US President Donald Trump said the tariffs aimed at Canada and Mexico are “on schedule.” SEC backs off: Uniswap announces end of investigationUniswap Labs, the developer behind the Uniswap decentralized exchange, reported that the US Securities and Exchange Commission (SEC) has dropped its probe into the firm.According to a Feb. 25 X post, the SEC concluded its investigation into Uniswap and has no plans to pursue enforcement action against the firm. The report followed Uniswap’s announcement that it received a Wells notice from the SEC in April 2024 while the commission was under the leadership of then-Chair Gary Gensler. “This is a huge win for DeFi and reaffirms what we’ve always known – that the technology we build is on the right side of the law, and our work is on the right side of history,” said Uniswap.At the time of publication, the SEC had not made any official announcement regarding Uniswap. However, Coinbase made a similar claim on Feb. 21 that the commission would be closing its case against the crypto exchange roughly two years after being launched. The regulator’s Enforcement Division will also be closing investigations into Robinhood Crypto and OpenSea.Altseason 2025: ‘Most altcoins won’t make it,’ CryptoQuant CEO saysMost cryptocurrencies beyond Bitcoin and Ether may not experience a widespread “altcoin season” rally in 2025, but projects with strong fundamentals and revenue-generating models could outperform the broader market, according to Ki Young Ju, the founder and CEO of CryptoQuant. “Most altcoins won’t make it” during the 2025 market cycle, Ju wrote in a Feb. 25 X post. Cryptocurrencies with potential exchange-traded fund (ETF) approvals, robust revenue-generating models and sustained investor attention may outperform the rest of the market, Ju said. Still, “The era of everything pumping is over,” he added.Ju’s outlook comes as 24% of the 200 largest cryptocurrencies have fallen to their lowest levels in more than a year, sparking speculation about possible market capitulation. Bitcoin falls under $91,000 as Trump says tariffs are still on Bitcoin fell under $91,000 and crypto sentiment nosedived alongside a broader market decline as US President Donald Trump reiterated that his planned tariffs against Mexico and Canada were “going forward.”The Crypto Fear & Greed Index, which rates market sentiment out of a total possible score of 100, fell to a score of 25 points on Feb. 25 — signaling “Extreme Fear.”It’s a drop of 24 points from a day earlier when the index was at a score of 49, showing the market was “Neutral.”The market drop comes as Trump said at a Feb. 24 news conference with French President Emmanuel Macron that his planned 25% tariffs on Canada and Mexico “are going forward on time, on schedule.”