The US Securities and Exchange Commission (SEC) has taken action against unregulated activities in the DeFi industry and announced its intention to sue Uniswap. In response to this situation, Uniswap increased transaction fees by 67% to create a fund for possible litigation expenses. With the new fee structure, fees for some altcoins increased from 0.15% to 0.25%.
Uniswap’s Financial Preparedness
Uniswap’s increased transaction fees are seen as an effort to create financial resources in anticipation of a potential legal battle with the SEC. On the other hand, the cost of the lawsuit against Ripple exceeded $200 million. A similar situation could apply to Uniswap, but the company is determined to fight the lawsuit.
TON Coin’s Path Forward
TON Coin maintains its stability despite the overall decline in the cryptocurrency market. With a unit price of $6.5, it is only $1 below the peak and shows a 22% daily increase. The technical analysis of Toncoin indicates a positive trend and progress towards resistance levels. However, there are downward risks, and if support levels are breached, the price could drop to $4.28.
Useful Information for Readers
Uniswap raised transaction fees to cover SEC litigation expenses.
The fee increase means a rise from 0.15% to 0.25% for some altcoins.
Ripple’s SEC lawsuit resulted in a cost of over $200 million; Uniswap could face a similar financial burden.
TON Coin maintains its value despite market declines and has potential for growth.
If TON Coin experiences a value loss, important support levels are $5.7 and $5, and the price could drop to $4.28.
The cryptocurrency market and the DeFi sector continue to attract attention with the SEC’s regulatory moves and the market performance of popular cryptocurrencies. Investors and market observers should closely monitor such developments and shape their strategies accordingly.
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