Uniswap Investigation Dropped Amid SEC Policy Shift

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Global Stats:

• Cryptocurrencies: 11.94M

• Exchanges: 797

• Market Cap: $2.92T (-2.52%)

• 24h Volume: $190.94B (+32.53%)

• Bitcoin Dominance: 60.1%

• Ethereum Dominance: 10.2%

• ETH Gas Price: 0.76 Gwei

• Fear & Greed Index: 26 (Fear)

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1. VPT/WETH - $0.064432 (+5781%)

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💹 Market Highlights:

• Total DeFi Volume: $11.33B (5.94% of total crypto market volume)

• Stablecoins Volume: $182.13B (95.39% of total crypto market volume)

• Coin with Highest % Change: IP (+15.35%)

📈 Preview On Today’s News:

1. - Uniswap Investigation Dropped Amid SEC Policy Shift

2. - Bybit Resumes Operations in India After Overcoming $1.4 Billion Hack

3. - Record $938M Outflow from US Spot Bitcoin ETFs Amid Market Slump 

Keep reading below for more!

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Today’s News:

1)

Uniswap Investigation Dropped Amid SEC Policy Shift

The Securities and Exchange Commission (SEC) has dropped its investigation into Uniswap, signaling a significant shift in regulatory approach under the current U.S. administration, which is notably more pro-crypto. Initially filed in April 2024, the lawsuit against Uniswap was part of a broader crackdown on crypto exchanges. However, with new leadership at the SEC aligning with the administration's favorable stance on digital assets, the investigation has officially concluded with no enforcement actions planned. This follows similar decisions to drop investigations into Robinhood’s crypto unit and Coinbase. Uniswap welcomed the news, emphasizing its commitment to compliance and viewing the decision as a victory for the decentralized finance (DeFi) community.

• The SEC, under new pro-crypto leadership, has dropped its investigation into Uniswap, reflecting a shift towards a more favorable regulatory stance on digital assets.

• Uniswap views the decision as a significant win for DeFi, reinforcing its compliance with applicable laws and boosting confidence in the crypto industry.

2)

Bybit Resumes Operations in India After Overcoming $1.4 Billion Hack

Cryptocurrency exchange Bybit has resumed its operations in India after securing registration with local authorities, following a compliance-related suspension and a $1.4 billion hack by the North Korea-linked Lazarus Group. Bybit was previously fined by India's Financial Intelligence Unit for violating the Prevention of Money Laundering Act, which led to the temporary shutdown of its services. The exchange has now aligned with Indian regulatory requirements, enabling it to re-enter one of the world's largest crypto markets. Despite the massive cyberattack, Bybit maintained financial stability, fully replacing stolen assets and continuing to serve its global user base. The exchange’s CEO, Ben Zhou, declared a firm stance against cybercriminals, launching a bounty program to recover the stolen funds and strengthening security measures to prevent future breaches.

• Bybit resumed operations in India after resolving compliance issues and overcoming a $1.4 billion hack by the Lazarus Group.

• The exchange maintained financial stability despite the attack and launched a bounty program to combat cybercriminals while reinforcing security protocols.

3)

Record $938M Outflow from US Spot Bitcoin ETFs Amid Market Slump 

US spot Bitcoin ETFs experienced their largest-ever daily net outflow of $937.9 million on February 25, marking the sixth consecutive day of withdrawals as Bitcoin's price continued to decline. Leading the losses were Fidelity's Wise Origin Bitcoin Fund with $344.7 million in outflows and BlackRock's iShares Bitcoin Trust with $164.4 million. Analysts suggest that hedge funds engaging in arbitrage strategies, rather than long-term investors, are driving the exodus. This trend follows a market downturn, with Bitcoin dropping to a 24-hour low of $86,140.

• US spot Bitcoin ETFs saw a record $938M outflow on February 25, driven by market declines and hedge fund arbitrage strategies.

• Fidelity's Wise Origin Bitcoin Fund and BlackRock's iShares Bitcoin Trust led the losses, reflecting a continued exodus amid Bitcoin's price drop.

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