Last week, Bitcoin's price fell below $100,000 for the first time since January 27, following new US import tariffs on goods from China, Canada, and Mexico.
Introduction
The crypto world witnessed a series of significant events last week. Key developments included the launch of Uniswap v4 alongside regulatory changes in El Salvador and a criminal investigation into Binance in France.
Uniswap v4 Launch and Other Innovations
Uniswap has rolled out its upgraded v4 version on 12 blockchain networks including Ethereum and Avalanche. A major new feature is the introduction of 'hooks,' customizable plugins that allow developers to modify trading logic. Bitwise also filed for a spot Dogecoin ETF with the SEC, and Kraken resumed staking services in the US following a settlement with the SEC.
Regulatory Changes and Binance Investigation
El Salvador amended its Bitcoin law to align with an IMF agreement, while French prosecutors launched an investigation against Binance on charges of money laundering and fraud. Claims suggest Binance misled users, leading to investment losses.
Current happenings in the crypto world indicate that the industry is at a critical juncture. The implications of new tariffs, regulatory changes, and investigations create both challenges and opportunities for further development.
