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Dmitry Machikhin, BitOK CEO, comments on Uniswap’s KYC hook inclusion, asserting its essential role in avoiding regulatory pressures and championing the move toward crypto-sector compliance. Uniswap to introduce KYC A hook designed to complete the know your customer (KYC) procedure was found in the open directory of the decentralized financial protocol (defi) Uniswap V4. One of the Features of Uniswap v4 will be the use of hooks. These are tools that allow developers to modify code without changing the main version of the program. It is expected that these plugins will help implement new functions for liquidity pools. For example, limit orders and individual on-chain oracles. According to the description in the catalog, the KYC hook is designed to verify the identity of clients before trading on the Uniswap decentralized exchange. Source: UniswapHooks Now there is no need to undergo such verification now. To start using Uniswap, users just need to connect their wallet...

3 key indicators are behind the prolonged bearish trend in Ether, and data fails to identify an immediate catalyst for a price breakout. Ether’s price has been stuck below $1,920 for the past 16 days, which is especially concerning since the latest breakout attempt on May 6 lasted less than 24 hours. Excluding this brief price pump, Ether’s (ETH) journey below $1,920 was initiated on April 21, over 30 days ago. One can likely blame the Ethereum network’s $8.80 average transaction fee for investors’ diminished appetite, but the macroeconomic environment has also played an important role. On May 22, JPMorgan Chase CEO Jamie Dimon said it is impossible to predict the outcome of the Federal Reserve’s monetary policy, designed to curb inflation. As CNN reported, Dimon added: “You’re already seeing credit tighten up because the easiest way for a bank to retain capital is not to make the next loan." The uncertainty surrounding the United States debt ceiling standoff between Joe Biden’...