Ethereum News: Uniswap Community Ushers in New Era with Governance Approvals and Funding Proposals

The Uniswap community has made significant strides in governance, approving proposals that unlock millions and set the stage for a new era of growth and development. Here’s a closer look at the details and implications of these approvals.

Uniswap Community Approves Governance Proposals

The Uniswap community has approved governance proposals to unlock millions. Both UF governance proposals passed quorum, marking the beginning of a new era for the community with new opportunities to build, grow, and create value. The Uniswap Foundation, in collaboration with Gauntlet, has proposed $95.4m for grants and $25.1m for administration over the next two years, with an additional $45 million for liquidity incentives to support the growth of Uniswap v4 and Unichain.

Hacker Steals 55 ETH by Exploiting AI Crypto Bot Dashboard

A hacker infiltrated the dashboard of an AI crypto bot, issuing two commands that transferred 55.5 Ethereum (ETH), valued at $106,200, from its wallet. The breach raised concerns about the security of AI-driven financial agents in the cryptocurrency space. On March 18, the maintainer of “aixbt” addressed the security breach, clarifying that the CORE system remained unaffected and the incident was not caused by direct manipulation of the AI itself.

Coinbase Becomes Largest Ethereum Node Operator

Coinbase has emerged as the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether (ETH), according to a recent performance report by the crypto exchange. As of March 3, Coinbase had 3.84 million ETH staked to its validators, valued at approximately $6.8 billion. While staking platform Lido holds a larger collective share of staked ETH, its network is distributed among multiple smaller node operators, making Coinbase the single largest individual operator. The exchange also reported strong validator performance, boasting an average uptime of 99.75%, exceeding its 99% target.

Gotbit Founder Reaches Settlement with US Authorities

Aleksey Andryunin, the founder of Gotbit, reached a settlement with US authorities in exchange for forfeiting $23M in crypto assets. The former CEO of the market maker service faced up to 20 years for money laundering charges, wire fraud, and conspiracy to commit market manipulation linked to Gotbit’s services. Gotbit was accused of inflating volumes and creating unrealistic market valuations, which created risk for retail traders. One of the most affected tokens was Neiro on Ethereum (NEIRO), which later abandoned Gotbit after gaining clarity on its wash trading practices.