🤼Weekly Recap: Uniswap Labs Enrages Community With Front-End Fee

Happy weekend Defiers!

Uniswap Labs rustled feathers among UNI holders by introducing a 0.15% fee on Uniswap trades executed via its front-end interface. With the tariff expected to rake in $30M for the company annually, UNI holders believe they should also be receiving a share of protocol profits.

It was an odd week for market action, with BTC surging 10% in an hour after an untrue tweet from Cointelegraph, a crypto media outlet, falsely claimed BlackRock’s spot Bitcoin ETF had been approved by U.S. regulators. The crypto markets gave up most of the gains over the following 60 minutes, with the tumultuous market action driving more than $150M worth of digital asset liquidations.