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🚀 Do you know Uniswap? The fourth-leading #decentralized exchange protocol!!

🔹 Valued at $1.66 bn in a $165 mn new funding round, led by Polychain Capital and existing investors.

🔹 Build your #Defi apps and tools on Ethereum's biggest #crypto project Uniswap!

🔹 Has over 114 million+ all-time trades and has processed $1.2 Trillion+ worth of #cryptocurrencies.

🔹 #UNI is Uniswap’s governance token with a market cap of $4.9 bn and has a max supply of 1 bn UNI tokens.

🔹 #Uniswap's monthly #revenue surged to $100 mn in Mar 2021 and reached a new peak in May 2021, an all-time high of $285 mn.

🔹 Users can also trade #ERC-20 tokens, provide #liquidity to pools, earn rewards, and much more.

🔗Read More: https://www.linkedin.com/feed/update/urn:li:activity:6988826218393452544
Sam Bankman-Fried Speaks Out in Response to #Binance’s Accusation.

In a recent tweet, #FTX’s CEO Sam Bankman-Fried reassured users that the crypto exchange is “fine” and that a competitor is “going after” the #exchange with false rumors.

SBF also emphasized that the exchange has enough #liquidity to cover all client holdings and that it doesn’t trade customer #funds.

Swipe to see how #FTX survives the continuing #crypto conflict.
A lengthy public war of words between two cryptocurrency exchange giants may come to an end as #Binance is now all set to acquire its rival #FTX.

Binance #CEO Changpeng Zhao (CZ) on November 8 said the exchanged has signed a non-binding letter of intent, planning to fully acquire FTX.

CZ stated that Binance will help FTX navigate its current “#liquidity crunch.”

However, the firms didn’t disclose the value of the deal, pending the due diligence process.

Overall, #SBF thanked CZ and Binance for their aid while dismissing “rumors” about media conflict between the two exchanges.
Why is Crypto Tanking After Nearly a Month of Stability?

The crash is likely due to the unfolding drama happening at #FTX. As a result of a significant #liquidity crisis at FTX, #Binance CEO CZ announced that Binance wouldn't #acquire FTX.

Global #crypto market cap fell by billions at $828.3 by 9.5%.

The world's largest #cryptocurrency #bitcoin is drowning by 11.3% to 16,278.02.