Crypto weekly: Crypto liquidations creep toward $500 million as major token prices plunge in flash crash; Uniswap Gets SEC Potential Lawsuit Warning.

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

April 08, 2024 dYdX experiences chain halt during scheduled upgrade.
The incident represents the first major outage for the protocol since dYdX version 4 and its standalone Cosmos blockchain launched on mainnet in October. Read more
April 10, 2024 Half of Solana Pre-Sales Are Scams, Blockaid Says.
Around $100 million was sent to token pre-sales over the course of a weekend last month. Read more
April 11, 2024 Uniswap Gets SEC Potential Lawsuit Warning.
The United States Securities and Exchange Commission (SEC) has issued a Wells notice to the Uniswap DeFi exchange. Read more
April 12, 2024 Coinbase files interlocutory appeal in its case against the SEC.
In its motion, the exchange will be appealing the issue of whether the SEC has authority over digital asset transactions as investment contracts.
Read more
April 12, 2024 Crypto liquidations creep toward $500 million as major token prices plunge in flash crash.
Total crypto liquidations in the past 24 hours reached $858.15 million among 270,018 traders, crypto liquidations tracker CoinGlass finds. Read more


What’s coming up for us this week:

April 18, 2024 Binance Coin to Undergo Hard Fork.
Binance Coin is set to undergo BSC Feynman hardfork on April 18, 2024, at 05:49 A.M. UTC. Read more


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Best regards,
FYBIT team