Uniswap's recent settlement with the CTFC has ignited a price surge, creating waves in the crypto world. Meanwhile, ATOM holders have started shifting their focus to a new altcoin that is catching everyone's eye.

Uniswap Labs, the company behind the popular decentralized exchange (DEX) Uniswap, has agreed to pay $175,000 in civil fines and self-report claims to the Commodity Futures Trading Commission (CFTC) for offering leveraged cryptocurrencies to American retail investors, breaking existing laws.

According to a public statement released by the CFTC on Monday, the company's actions violated the Commodity Exchange Act (CEA), which prohibits offering leveraged cryptocurrencies to American retail investors.

The CFTC’s investigation found that, from at least September 2021 to April 2023, Uniswap Labs offered and provided material support in the offering of digital asset commodity transactions that were leveraged or margined to American retail customers. These transactions were not carried out on a registered exchange, and Uniswap Labs failed to register with the CFTC as a introducing broker.

“As digital asset platforms and DeFi ecosystems evolve, the CFTC’s Division of Enforcement will vigorously enforce the CEA,” said Ian McGinley, head of enforcement for the CFTC. “DeFi operators must be vigilant to ensure that transactions comply with the law.”

The CFTC's enforcement division is responsible for investigating and bringing enforcement actions against violations of the CEA, which includes digital asset commodity transactions. The division works to ensure that all transactions are carried out on a registered exchange and that all introducing brokers are registered with the CFTC.

Cosmos (ATOM) struggles amid market dip, ATOM holders eye new altcoin Rollblock

CoinGecko data shows that ATOM's price has dropped by over 23% in the last month, dampening hopes for a price recovery.

As evident in the chart, Cosmos (ATOM) experienced significant ups and downs over the last month. It rose to a high of around $5.6 but gradually declined to reach $4.06 during this period. Specifically, ATOM witnessed a decrease of about 20.93%. However, today has seen ATOM rise by 6.86%.

In light of these challenges, many ATOM holders are keeping a close eye on the new altcoin Rollblock, which offers the potential for high returns and fresh excitement in the crypto world.

Why ATOM and UNI holders are shifting to Rollblock, the altcoin set to 1000x in DeFi crypto market

As Cosmos (ATOM) faces significant market challenges, many investors are turning their attention to the new altcoin Rollblock, which is poised for substantial growth. Rollblock offers a range of compelling features in the DeFi crypto space that make it an attractive alternative.

Firstly, $RBLK, the token of Rollblock, is integral to engaging in games on the platform. It serves as gaming credits, providing a seamless way to participate in various games. Additionally, $RBLK grants exclusive access to certain games or sections, enhancing its appeal.

The token also supports staking, allowing users to earn rewards or bonuses. With its use in issuing cashbacks, and promotional perks, $RBLK stands out in the DeFi crypto market.

Furthermore, $RBLK is exchangeable for other cryptocurrencies or fiat currencies, offering flexibility and liquidity. Its economic stability is bolstered by Rollblock’s profits and strategic token burns, which help increase scarcity and value. The fixed supply of $RBLK prevents inflation, making it a promising investment.

These unique selling points are driving ATOM holders and other investors toward Rollblock, which is set to potentially 1,000x in the future.

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