šŸ” Market Summary

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US prosecutors must rethink DeFi stance — a16z

US prosecutors must rethink DeFi stance — a16z

The US Department of Justice should stop holding decentralized finance (DeFi) protocols accountable for wrongdoing they didn’t instigate and can’t control, venture capital firm a16z said in a Feb. 4 blog post.Ā ā€œHolding people responsible for systems and activities over which they exercise no agency …

Uniswap Launches v4 Upgrade with Multi-Chain Support

Uniswap Launches v4 Upgrade with Multi-Chain Support

Uniswap launched its v4 upgrade on mainnet, featuring hooks for developer customization, cheaper operations, and more. The release came slightly later than initially anticipated.However, this upgrade did not fulfill expectations that it would create price momentum for UNI. Its price briefly shot up …

XRP Logged $400M DEX Volumes in January, Ripple’s Brad Garlinghouse Says

XRP Logged $400M DEX Volumes in January, Ripple’s Brad Garlinghouse Says

Swap volumes on XRP Ledger’s decentralized exchange (DEX) crossed the $400 million mark in January as the network gains traction among larger players, Ripple Labs CEO Brad Garlinghouse said in a community call on Wednesday,Volumes average over $17 million daily this month, with over $1 billion since…

Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight

Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight

Uniswap remains on a steady upward path as bullish momentum fuels its push toward the $12.3 mark. After a successful rebound at the $10.3 support level, UNI has shown resilience, with buyers stepping in to sustain the rally. The strong price action reflects growing investor confidence, supported by …

Ink, the Ethereum L2 incubated by Kraken, works with Optimism to push the bar forward on permissionless fault proofs

Ink, the Ethereum L2 incubated by Kraken, works with Optimism to push the bar forward on permissionless fault proofs

Ink, the Ethereum scaling layer incubated by crypto exchange Kraken, is implementing permissionless fault proofs on Thursday, network creator Andrew Koller told The Block in an interview.Ā The move marks the latest technical advancement for Ink, which has charted a period of rapid development since l…

Crypto market maker CLS Global admits to wash trading on Uniswap after FBI investigation

Crypto market maker CLS Global admits to wash trading on Uniswap after FBI investigation

Dubai-based crypto market maker CLS Global has agreed to plead guilty to charges related to wash trading on decentralized trading platform Uniswap, the U.S. prosecutors for the District of Massachusetts announced Tuesday.Upon court approval of the guilty plea, CLS Global will pay $428,059 to the gov…

Uniswap version 4 deployments to begin rolling out this week

Uniswap version 4 deployments to begin rolling out this week

Uniswap Labs said that version 4 deployment will begin to be gradually rolled out this week for developers to test hooks and integrations on the chain, and all contracts are expected to be fully deployed and launched next week.ā€œWe expect all contracts to be deployed for a full launch next week,ā€ Uni…

Still Learning After All These Years

Still Learning After All These Years

Last June, a sailing buddy (and aerospace engineer) asked if I could check out a family friend’s ā€œbitcoin.ā€ He forwarded me an image of a plastic bitcoin wallet held with a private key partially obscured. The family friend had received the card as some sort of ā€œgimmick at a conferenceā€ and tossed it…

Uniswap Labs to integrate API with Ledger Live for DeFi swaps

Uniswap Labs to integrate API with Ledger Live for DeFi swaps

Uniswap Labs, the developers of the decentralized finance (DeFi) protocol Uniswap, and Ledger, a crypto hardware wallet provider, have announced a new integration to improve DeFi accessibility.The partnership will enable Uniswap’s Trading API to be integrated with the Ledger Live crypto asset manage…

Solana 24-hour DEX volume beats Ethereum, Base combined

Solana 24-hour DEX volume beats Ethereum, Base combined

The Solana network has surpassed Ethereum and Base combined in 24-hour decentralized exchange (DEX) trading volume, according to data from DefiLlama.Ā According to DefiLlama, daily trading volume across Solana-based DEXs neared $3.8 billion on Jan. 6, versus $1.7 billion for Ethereum and $1.2 billion…

Almost all AI agents are just ā€˜memecoins that talk’

Almost all AI agents are just ā€˜memecoins that talk’

Crypto investors have become enamored with the emergence of quick-witted AI agents like Aixbt and creative ā€œschizoā€ bots Zerebro and Truth Terminal, but skeptics have been quick to criticize the nascent sector, slamming the majority of AI agents as being nothing more than chatbots with useless token…

Can Uniswap cross $10 this weekend? What we know so far!

Can Uniswap cross $10 this weekend? What we know so far!

Uniswap's bullish momentum builds with soaring network participation levels.

Kelvin Murithi