- In response to Robinhood’s announcement, UNI immediately rose 15%, topping $7.
- Fed Governor Christopher Waller and St. Louis Fed President James Bullard favor a 75 basis point increase this month.
- A phishing attack resulted in the theft of approximately $4.7 million from the Uniswap liquidity pool.
The crypto market saw a slight pullback as it rose for a second day due to the significant rise in US tech stocks. In addition, investors have learned more about the bankruptcy of a major digital asset lender, which calms investors and supports the bullish trend of the cryptocurrency market. As a result, the positive trend in the crypto market is helping many well-known coins gain traction. However, the bullish trend in the cryptocurrency market was confirmed when Bitcoin started steadily rising above the $22,000 level. As a result, the value of the most well-known coins, including Uniswap (UNI), has increased significantly.
Uniswap (UNI) Price Review
Uniswap’s current price is $7.32, with a 24-hour trading volume of $195,376,858. Uniswap gained 2.35% in the last 24 hours. With a live market value of $5,374,727,887, Uniswap is now ranked #17. There are 1,000,000,000 UNI coins available, with 734,135,451 currently in circulation.
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Robinhood listing raises Uniswap price
The reason for Uniswap’s gains may be related to a report claiming that the native coin of Ethereum-based decentralized exchange Uniswap, UNI, was announced for listing by popular commission-free app Robinhood on Thursday, July 13. The official announcement was made via Robinhood’s Twitter account.
As a result, UNI’s price immediately increased by 15% in response to the announcement, rising to $7. With a 24-hour trading volume of $195,376,858, Uniswap’s current price is $7.32, putting Uniswap (UNI) in the company of other well-known cryptocurrencies traded on Robinhood.
Bitcoin stronger and US dollar weaker in play
Another critical aspect of Uniswap (UNI) price support has been the recent surge in the world’s largest cryptocurrency, Bitcoin (BTC). Bitcoin (BTC) extended its uptrend and broke through the $22,000 resistance level against the US Dollar. The gains could be extended if it stays above $22,000. After hitting multi-year highs on the USD front, the US Dollar has fallen somewhat.
Last week, the dollar index rose to its highest level since September 2002, following the release of consumer price data on Wednesday, which showed inflation rising at the fastest pace in four decades. However, the benefits were short-lived as they were subsequently rescinded.
It should be noted that the considerable tightening expected by the Federal Reserve at its meeting in late July has been reduced. Meanwhile, Fed Governor Christopher Waller and St. Louis Fed President James Bullard favor a 75 basis point increase this month. As a result, US dollar losses are helping cryptocurrencies, such as Uniswap (UNI), which are gaining popularity.
Phishing scams cost Uniswap $4.7m (UNI)
In contrast, a phishing attack resulted in the theft of approximately $4.7 million from the Uniswap liquidity pool. Uniswap was the latest victim of a phishing scheme. Changpeng Zhao, CEO of the Binance exchange, was the first to notice the phishing campaign.
Consumers have had at least $4.7 million worth of ETH stolen due to the phishing campaign, which was conducted in the Uniswap V3 liquidity pool. According to estimates, the losses could be significantly higher. This news had only a minor effect on Uniswap prices.
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