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Today In Crypto: Uniswap Lawsuit Bombshell! 🦄🪶💸
Valko
August 31, 2023
Today’s Top Stories ⌐◪-◪
🦄 Uniswap’s class action lawsuit gets dropped → not a “scam token”
🪶 Robinhood’s crypto wallet adds BTC, DOGE, and ETH Swaps
💸 Binance is killing BUSD, tells users to convert to other stablecoins
⌐◪-◪ → The courts were unable to identify a defendant due to Uniswap’s decentralized nature. This is incredibly powerful precedent for the ongoing SEC cases & the Treasury’s newly proposed tax regs.
⌐◪-◪ → Robinhood is in a strong position to not only make investing in crypto easy, but also make self-custody mainstream. This may seem counterintuitive to their core business, but it shows their extreme commitment to innovation. Adapt or die.
⌐◪-◪ → This decision makes it clear that Binance is under tremendous regulatory pressure in the US. It also sets Coinbase and Circle (USDC) up for absolute stablecoin dominance in the US.
Other Major Headlines ⌐◪-◪
Crypto
US Presidential candidate Ramaswamy supports Grayscale's win
Argent added Starknet support to their popular mobile wallet
Coinbase prepares to list PayPal stablecoin PYUSD
Virtue Poker is back, a token-gated poker table for communities
Starkware locks $550k in funds for users who didn’t upgrade
Limewire adding generative AI tools to its suite of NFT tools
Stroom Network raises $3.5M to bring liquid staking to Bitcoin
Nansen accused of biased reporting in favor of ally, Avalanche
Arkham identifies Robinhood as 5th largest Ethereum wallet
Coinbase CEO shares his favorite crypto startup ideas for free
Base hits all-time high DeFi deposits thanks to new DEX, Aerodrome