The U.S. 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, Uniswap increased transaction fees by 67% to create a fund for potential litigation expenses. As a result of the new fee structure, fees for some altcoins increased from 0.15% to 0.25%.
Uniswap’s Financial Preparation
The increased transaction fees of Uniswap are seen as an effort to generate financial resources in preparation for a potential legal battle with the SEC. On the other hand, the cost of the lawsuit filed against Ripple exceeded $200 million. A similar situation may apply to Uniswap, but the company is determined to fight the lawsuit.
TON Coin’s Path
Despite the overall decline in the cryptocurrency market, TON Coin continues to maintain its stability. With a unit price of $6.5, it is only $1 below the peak and shows a 22% daily increase. Technical analysis of Toncoin indicates a positive trend and progression towards resistance levels. However, there are downward risks, and it is anticipated that the price could drop to $4.28 if support levels are broken.
Beneficial Information for Readers
Uniswap increased transaction fees to cover lawsuit expenses.
The fee increase means a rise from 0.15% to 0.25% for some altcoins.
Ripple’s SEC lawsuit led to a cost of over $200 million; Uniswap may face a similar financial burden.
Despite falling market values, TON Coin maintains its value and has potential for growth.
In the event of value loss, important support levels for TON Coin are $5.7 and $5, and the price is expected to drop to $4.28.
The cryptocurrency market and the DeFi sector continue to attract attention with SEC’s regulatory moves and the market performance of popular cryptocurrencies. Investors and market observers should closely follow such developments and shape their strategies accordingly.
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