BREAKING
523d 0h ago

CFTC Issues Warning to Uniswap Labs Over Illegal Cryptocurrency Derivatives Trading

UNI

UNI/USDT

$3.529
+0.92%
24h Volume

$95,366,119.87

24h H/L

$3.608 / $3.468

Change: $0.1400 (4.04%)

Long/Short
64.4%
Long: 64.4%Short: 35.6%
Funding Rate

-0.0037%

Shorts pay

Data provided by COINOTAG DATALive data
Uniswap
Uniswap
Daily

$3.539

0.03%

Volume (24h): -

Resistance Levels
Resistance 3$4.8738
Resistance 2$3.9623
Resistance 1$3.574
Price$3.539
Support 1$3.4685
Support 2$3.186
Support 3$2.845
Pivot (PP):$3.52
Trend:Downtrend
RSI (14):30.1

**CFTC Warns Uniswap Labs Over Illegal Crypto Derivatives Trading**

In a notable development within the cryptocurrency sector, the Commodity Futures Trading Commission (CFTC) issued a warning to Uniswap Labs, citing concerns over illegal trading practices involving digital asset derivatives. This regulatory action highlights the growing scrutiny faced by decentralized finance (DeFi) platforms as they navigate the complex landscape of crypto regulations.

Currently, Uniswap’s native token, $UNI, is priced at $6.2978. However, analysts suggest that the CFTC’s warning could lead to increased regulatory pressures that may adversely affect the token’s value. Market sentiment has shifted, reflecting a heightened level of concern among investors regarding compliance and the regulatory framework governing DeFi initiatives.

As the crypto landscape continues to evolve, the actions taken by regulatory bodies like the CFTC could have significant implications for the future of decentralized exchanges and their operational practices. Investors and stakeholders are advised to stay informed as the situation develops, as it could shape market dynamics in the coming weeks.

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