Uniswap (UNI) Price Surge 72% ; Binance's $4.3 Billion Plea Deal Sanctioned

Explore Crypto World Here !!!

Feb 24, 2024

Dear Readers,

Here's the Latest Crypto Market update. Bitcoin (BTC) held steady around $51,000, while Ethereum (ETH) approached $3,000 recently. Other major cryptocurrencies like Solana (SOL) and Ripple (XRP) saw slight declines. Dogecoin and Litecoin gained ground. Uniswap surged by over 70%, while Dymension experienced a 13% drop in 24 hours.

The global cryptocurrency market cap was $1.95 trillion, with a slight 0.10% decrease in the last 24 hours.

Top Reasons For Uniswap’s Price Rally

Uniswap sparked increased trading in DeFi protocols, leading to a shift of capital from AI coins to DeFi coins.
UNI, Uniswap's native token, saw a significant surge in price, rising by 72% on February 23.
This rally was primarily triggered by Uniswap altering its fee mechanism to benefit UNI token stakers.
The proposed fee-sharing system incentivizes UNI holders to stake and delegate their tokens, boosting participation in the governance ecosystem.
Santiment, an on-chain data provider, noted a transition in focus from AI to DeFi.
Assets involved in decentralized lending, borrowing, and cryptocurrency exchange, such as UNI, COMP, SUSHI, and AAVE, experienced notable value increases.
This surge follows a pivotal proposal within the Uniswap ecosystem aimed at rewarding staked and delegated token holders.
The growing prominence of DeFi protocols signals increasing investor interest in decentralized financial solutions, drawing attention away from the previously hyped AI sector.

Top Reasons Why Uniswap Price Surged

Crypto News

Binance settles $4.3B money-laundering case.

Let’s Explore the day's top cryptocurrency updates. Binance admitted guilt in breaking sanctions and anti-money laundering laws. A federal judge approved their $4.3 billion plea deal with the U.S. Department of Justice. The settlement, announced last November, accused Binance of violating laws over years. As per the deal, Binance would pay the fine.

Recent developments show the U.S. government requesting Zhao surrender his Canadian passport and other travel documents. The U.S. Attorney’s Office has asked for additional travel restrictions, requiring Zhao to remain in the U.S. until his sentencing hearing on April 30 and provide advance notice for any travel plans to allow objections from the government.

Click Here