New York court dismisses class action lawsuit against Uniswap, granting legal protection to decentralized protocols
ChainCatcher reported that a New York court has dismissed the class action lawsuit against Uniswap Labs. The federal claims were permanently dismissed, while the state law claims were dismissed without prejudice. This ruling highlights the legal nature of decentralized protocols and confirms that smart contract developers should not be held liable for third-party misuse.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Indian oil companies purchase 3 million barrels of crude oil, delivery to multiple ports in November
This week, several market traders reported that Indian oil companies procured 3 million barrels of Middle Eastern and West African crude oil through tenders, to be delivered to multiple ports in India in November. Trafigura sold 1 million barrels of Abu Dhabi Murban crude at a premium of $13–14 per barrel over Brent spot prices, with delivery to Vadinar; Mercuria sold 1 million barrels of Iraqi Basrah Medium crude at roughly flat to Brent spot prices, with delivery to Chennai; Chevron sold 1 million barrels of Angolan Nemba crude at a premium of $18 per barrel over Brent spot prices.
AMD CEO Lisa Su to meet with Samsung Semiconductor Vice Chairman Jun Young-hyun
According to insiders, AMD (AMD.US) CEO Lisa Su plans to meet on Wednesday with Jeon Young-hyun, Vice Chairman in charge of Samsung Electronics’ key semiconductor division. This is another recent face-to-face exchange between two major figures in the AI industry. In March this year, AMD reached a supply agreement with Samsung to procure next-generation high-bandwidth memory and advanced memory chips.
AMD CEO Lisa Su will meet with the head of Samsung Electronics' semiconductor business on Wednesday.
AMD CEO Lisa Su plans to meet with the head of Samsung Electronics' semiconductor business on Wednesday.
South Korean retail investors bet on leveraged products of Samsung and SK Hynix with estimated losses of 2.3 trillion won
According to a South Korean lawmaker’s office, retail investors have lost an estimated 2.3 trillion KRW (about 1.7 billion USD) in just a few months from investing in leveraged exchange-traded products tracking the country’s two largest chipmakers. This is the first time the scale of risk involved in such bets has been revealed. The office of opposition People Power Party lawmaker Choi Eun-suk stated that between May 27 and August 14, clients of 10 South Korean brokerages suffered these losses by investing in single-stock ETFs and related notes linked to Samsung Electronics and SK Hynix. Since these single-stock products were launched in May, they have intensified the AI-driven volatility in the Korean stock market. Previously, leveraged bets had made the market one of the world’s best performers, but a subsequent reversal caused severe consequences. The sharp volatility triggered by these high-risk products has prompted regulators to take action to curb retail investor mania, resulting in a significant drop in trading volume.
Crypto prices
More
