SEC to Sue Uniswap, Binance to Delist Six Large Trading Pairs, Shiba Inu Hits Major Milestone of Four Million Total Addresses: Crypto News Digest by U.Today

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Here are the top three news stories presented to you by U.Today.

SEC to sue Uniswap

On Wednesday, April 10, the SEC (Securities and Exchange Commission) informed decentralized exchange Uniswap of an upcoming regulatory action, according to Fortune. Uniswap’s CEO, Hayden Adams, confirmed the news via his Twitter handle, expressing frustration but readiness for a legal battle. Marvin Ammori, Uniswap’s Chief Legal Officer, criticized the SEC’s decision as an “abuse of power,” insisting that most tokens don’t fall under securities regulations and accusing the agency of lacking clarity in its regulatory approach. Uniswap has previously faced SEC investigation, with reports from The Wall Street Journal dating back to September 2021 indicating that the exchange was under scrutiny for its marketing practices.

Binance to delist six large trading pairs: Details

According to a post by @WuBlockchain on their handle, based on information from Binance‘s Announcements Telegram channel, Binance intends to eliminate six trading pairs. These pairs include BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB. There is no cause for concern, as the elimination of these BNB trading pairs is typically due to insufficient trading volume rather than any underlying issues with the assets themselves. Binance aims to provide an optimal trading experience by implementing such actions and maintaining a thriving trading environment. It’s important to remember that individual cryptocurrencies will not be removed from Binance; users can still trade these assets using other pairings, like USDT, USD, BUSD, and others.

Shiba Inu (SHIB) hits major milestone of four million total addresses

According to IntoTheBlock’s data, the Shiba Inu meme token has achieved an impressive feat by amassing over four million unique wallets holding it. This figure underscores the rising popularity and curiosity towards SHIB within the cryptocurrency community. A total address refers to any wallet that has ever possessed SHIB, whether they still do or not. It’s worth mentioning that the number of addresses with a non-zero SHIB balance has escalated significantly to reach 1.3 million. This trend often signals a more robust and expanding user base. As we move forward, the attainment of four million addresses could serve as a catalyst for further expansion and innovation within the Shiba Inu ecosystem.

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2024-04-11 19:49