1 month ago
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Happy Spring, Observers!
It is all about perspective: while the prices of cryptocurrencies went downhill during the past week, on the regulatory front, the last couple of days were great.
In the United States, the Court of Appeals dismissed the claims of a class action lawsuit against Uniswap that accused the decentralized exchange of inadequately screening tokens.
The court’s decision sets up a strong precedent and supports the position that writing code doesn’t inherently make one responsible for how it is used.
Uniswap Wins In Court, Setting a Precedent for DeFi
As promised by President Donald Trump, the regulatory crackdown on the crypto industry has come to an end.
This week, the United States Securities and Exchange Commission dropped the cases it had against several industry giants, including Consensys, Gemini, Uniswap Labs, and Open Sea.
While controversial, Trump’s steadfast implementation of his campaign promises has earned him a lot of praise, especially from those who stand or wish to benefit from the President’s actions.
A major fanboy of the new administration is Sam-Bankman Fried, currently an inmate in a New York federal prison and former CEO of the disgraced crypto exchange FTX.
Someone Tell SBF — Donald Trump Only Pardons Winners
After more than one year of online silence, SBF made a post on X where he shared his thoughts on leadership regarding the recent wave of government layoffs intitiated by Elon Musk’s Department of Government Efficiency.
His post was scorned by the community, which still resents the inmate for the fraud crimes he has been found guilty of committing.
If you are on crypto Twitter, it’s likely that you have scrolled past one or more posts in recent weeks detailing the potential of Celestia, a blockchain on which it is possible to store data for much less money than that needed to store information in monolithic networks — that is, networks that, unlike this one, keep the execution, settlement, and consensus layer together.
Despite the recent popularity jump, Celestia’s token is currently trading at 80% less than its all-time high. While its cheap data storage value proposition is strong, the Layer 1 is still an infant compared to household names such as Ethereum or Solana.
English (US) ·