Markets were largely unchanged on the day, despite a sharp sell-off in the early-afternoon of the US session. At one point BTC was down 4% from its daily high, but closed -50bps at $60,316 while ETH closed +60bps at $2,385.
The SEC charged Cumberland DRW with acting as an unregistered dealer in crypto transactions; Cumberland pushed back immediately, stating they have become "the latest target of the SEC's enforcement-first approach" while affirming they will not make changes to their business operations.
Uniswap unveiled 'Unichain,' an Ethereum L2 with 'Rollup-Boost' for faster confirmations and ERC-7683 for cross-chain swaps. The project features revenue kickback for $UNI stakers and focuses on user experience amid potential fragmentation from app-specific chains.
Over the last 24 hours, the top three gainers were $DOG, $ZEC, and $CELO while the top three losers were $NEIRO, $APT, and $HNT.
