Latest Market News
The app.uniswap.org interface for interacting with the Uniswap protocol is now restricting access to certain tokens. According to Uniswap Labs, the main developers of the Uniswap protocol and the maintainers of app.uniswap.org, the decision was made because of regulatory considerations.
With BTC surging by 25% this week, the positive market sentiment could also be reflected in the altcoin markets. Today, we will check out Flow, Helium and E-RADIX, which are the three cryptocurrencies that we're featuring in this week's top coins to watch article.
Binance Futures and FTX, two major cryptocurrency derivatives trading platforms, have both announced drastic cuts to the maximum leverage that their users can trade with. Both exchanges, which previously allowed leverage above 100x on certain trading instruments, are now dropping their maximum allowed leverage to 20x.
As we move through Q3, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
The Binance.US exchange is considering going public, according to recent comments made by Binance CEO Changpeng “CZ” Zhao. CZ also said that he plans to eventually step down from his role as the CEO of Binance. He says that Binance is looking for a candidate that would be able to assume the CEO role, preferably someone with a “very strong regulatory background”.
Stellar Development Foundation (SDF), the non-profit organization that’s the primary force behind the Stellar blockchain project, is reportedly considering an acquisition of remittances firm MoneyGram.
According to Musk, he also personally owns Bitcoin, Ethereum and Dogecoin. Musk didn’t say how much cryptocurrency he owns, but did note that his Bitcoin holdings are considerably larger than his Ethereum and Dogecoin holdings.
Bitcoin saw a huge 7% recovery candle yesterday. The cryptocurrency slipped beneath the lower boundary of a descending triangle pattern on Monday and continued lower on Tuesday to reach as low as $29,300.
Circle has published a breakdown of the reserves backing the USD Coin stablecoin, was included in an attestation report by accounting firm Grant Thornton. This was already the 33rd attestation indicating that USD Coin is sufficiently backed, although it’s the first time that a more specific breakdown of the types of assets backing USD Coin is included.
Major cryptocurrency exchange FTX has raised $900 million in a Series B round that values the company at $18 billion. FTX’s Series B is the largest investment round raised in the history of the cryptocurrency and blockchain industry, surpassing the $440 million round raised by Circle in May.
