Blockchain DXB: Crypto & Coffee at 8 ☕ 05th Sep 🚀 🚨 Uniswap fined by CFTC 🔻Ethereum ETFs Outflows 👀Layer one (L1) blockchain networks suck 🏦Zürcher Kantonalbank: Crypto trading & custody
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05th Sep: Blockchain DXB Podcast🚨 Uniswap 🆚CFTC 🔻Ethereum ETFs Outflows 👀Layer one (L1) blockchain networks suck 🏦Zürcher Kantonalbank): Crypto trading & custody 💯The Sandbox) - India METAVERSE news🚨 The U.S. Commodity Futures Trading Commission) (CFTC) has fined Uniswap Labs) $175,000 for allegedly offering illegal leveraged or margined retail commodity transactions in digital assets. Official charges here https://lnkd.in/d_AVsZiS) order requires Uniswap Labs to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA), as charged.👁️ The case was settled without Uniswap admitting or denying the charges. Uniswap's Chief Legal Officer, Katherine Minarik), emphasized their focus on advancing DeFi. This isn't Uniswap's first regulatory challenge; in April, the SEC issued a Wells Notice, signaling potential enforcement action, which Uniswap contested in May, arguing that the SEC was overstepping its jurisdiction.🔻 Ethereum ETFs Saw $476 Million outflows in their first 30 days after July 23 launch.driven by the unlocking of assets in Grayscale’s Ethereum Trust following its conversion to an ETF. ETHE’s assets dropped from $10 billion to $4.7 billion, with some funds shifting to Grayscale’s Mini Trust, now holding $924 million. Despite the rough start, Bloomberg) analyst Eric Balchunas expects outflows to stabilize soon. Grayscale currently manages the two largest Ethereum ETFs, with @BlackRock and Fidelity trailing behind. Info via DL News) here https://shorturl.at/O6uaU)📊 A report by Coin Metrics) researchers Tanay Ved) &Matías Andrade reveals that while layer one (L1) blockchains started 2024 strong, they've since lost momentum. The study here https://coinmetrics.io/) highlights significant drops in on-chain activity for Ethereum, Solana, and Bitcoin. Year-to-date returns for most L1 tokens have dropped below 50%, with declining transaction volumes leading to reduced total fees.🏦 Zürcher Kantonalbank), Switzerland's fourth-largest bank, now offers Bitcoin and Ethereum trading and custody services via ZKB eBanking and ZKB Mobile Banking. With over $290 billion in assets, ZKB serves retail, corporate, and institutional clients. Since September 2024, clients can buy, sell, and securely store cryptocurrencies through the bank. Alexandra Scriba, Head of Institutional Clients & Multinationals, discusses the new offering and its benefits. Info here https://shorturl.at/q7y8t)🟣 India has more than 66,000 creators on the Metaverse platform compared with 59,989 creators in the U.S. and 25,335 in Brazil. Article by CoinDesk) here https://shorturl.at/aCdaD) Growth was driven by The Sandbox)'s projects and its Indian venture, BharatBox), backed in part by CoinDCX), a crypto exchange with 16 million users.🟠 Two UAE news (See slides)- Exotel floats a new local cloud for CX and AI solutions (KSA)- Klumi Ventures) and DWF Labs) Join Forces to Grow the UAE Web3 Ecosystem 

For slides click here: https://shorturl.at/4zORu)

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⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28