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Uniswap CEO denies bribe allegations for protocol deployment

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Uniswap CEO Hayden Adams has firmly refuted recent claims that the decentralized exchange (DEX) protocol charges fees for deploying new smart contracts. The allegations, which surfaced in recent reports, suggest that Uniswap may be imposing additional costs on developers using its platform for protocol deployment.

In a statement addressing the controversy, Adams emphasized that Uniswap does not levy any fees for deploying protocols on its platform. He clarified that the DEX remains committed to its foundational principles of decentralization and accessibility, which include providing developers with a cost-free environment to build and innovate.

The confusion appears to stem from misunderstandings related to the costs associated with interacting with the Ethereum blockchain itself. Adams pointed out that while deploying smart contracts on Ethereum incurs gas fees—transaction costs paid to miners for processing transactions—these are standard network fees and not specific charges imposed by Uniswap.

Adams reassured the community that Uniswap’s business model does not involve additional charges beyond those required by the Ethereum network. He further emphasized that Uniswap’s mission is to support a diverse range of decentralized applications (dApps) and facilitate seamless interactions within the DeFi ecosystem.

The CEO also highlighted that Uniswap remains dedicated to transparency and is open to addressing any concerns from the community. He invited developers and users to reach out directly if they have questions or need further clarification regarding the platform’s fee structure.

The refutation comes at a time when the DeFi sector is experiencing rapid growth and increased scrutiny. As decentralized finance continues to attract attention from both users and regulators, clarity around fee structures and platform operations is crucial for maintaining trust and fostering innovation.

Uniswap’s response aims to dispel any misconceptions and reaffirm the platform’s commitment to supporting the decentralized finance ecosystem without imposing additional fees on protocol deployment.

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Binance tightens South African compliance rules for crypto transfers

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Binance is tightening compliance measures for crypto transactions in South Africa, announcing it will fully implement the country’s Travel Rule requirements beginning January 2025. The move aligns with regulations set by South Africa’s Financial Intelligence Centre (FIC) and reflects the exchange’s broader efforts to meet global anti-money laundering standards.

Under the new rules, Binance will require South African users to include verified personal information—such as names, addresses, and account details—when sending or receiving crypto between platforms. These changes are designed to increase transparency and traceability of digital asset transfers, making it harder for illicit actors to exploit decentralized networks.

Binance emphasized that users must complete know-your-customer (KYC) verification before transferring crypto to or from external wallets. Transfers to non-compliant platforms may be restricted or flagged, while internal transfers within Binance or to Travel Rule-compliant entities will remain unaffected.

The announcement follows South Africa’s decision in 2023 to designate crypto as a financial product, placing digital asset providers under the supervision of the FIC. The country has since taken steps to integrate crypto into its formal regulatory structure, including licensing requirements and mandatory reporting obligations.

With enforcement beginning in 2025, Binance urged users to familiarize themselves with the new procedures to avoid disruptions. The exchange also plans to provide additional guidance and tools to help users remain compliant as the deadline approaches.

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Ethereum bounces back as market dominance recovers from all-time low

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Ethereum has staged a notable recovery after recently experiencing its lowest market dominance since its early days. The turnaround comes as ETH surged nearly 4% in the past 24 hours, climbing back above the $3,100 mark and narrowing its underperformance gap relative to Bitcoin.

For much of 2024, Ethereum has trailed behind Bitcoin and a growing wave of altcoins, with its market share dropping below 15% — levels not seen since 2015. The slump was driven by investor focus on Bitcoin ETF momentum, lackluster institutional interest in ETH, and rising competition from layer-1 and layer-2 networks offering faster and cheaper alternatives.

Despite these challenges, Ethereum’s fundamentals remain strong. Data shows a healthy uptick in active addresses, transaction volumes, and total value locked in DeFi protocols built on Ethereum. Additionally, hopes remain high for the approval of a spot Ethereum ETF in the U.S., with analysts suggesting a potential turnaround in institutional flows if approved.

Traders are now watching whether this rebound signals a sustained trend reversal or just a temporary relief rally. With key upgrades and ecosystem developments still in the pipeline, Ethereum’s ability to regain dominance may hinge on reigniting both investor confidence and broader developer activity.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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The U.S. Securities and Exchange Commission (SEC) has confirmed it will not pursue a retrial in its fraud case against HEX founder Richard Heart, effectively bringing an end to one of the agency’s high-profile crypto enforcement actions.

The decision follows a recent court ruling that dismissed several key allegations against Heart, including claims that he misled investors and violated securities laws through the promotion and sale of HEX, PulseChain, and PulseX tokens. While the SEC initially signaled it would consider further legal options, it has now opted to forgo additional litigation.

Heart, a controversial figure in the crypto world, had long denied the SEC’s accusations, framing the lawsuit as an overreach by regulators. The agency had alleged that Heart raised over $1 billion from investors while misrepresenting how funds would be used and failing to register the offerings.

With the SEC stepping back, the dismissal marks a rare instance in which the regulator has chosen not to continue a crypto-related fraud case, potentially signaling a reassessment of its approach amid growing legal pushback and mounting scrutiny over its enforcement tactics.

Although the case is now closed, legal analysts suggest the outcome could influence future regulatory efforts and may embolden other crypto founders facing similar challenges. Heart, meanwhile, has positioned the development as a vindication, reaffirming his stance that HEX and related projects were never in violation of U.S. securities laws.

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