The most important news this week:

The U.S. Securities and Exchange Commission (SEC) sent a Wells notice to decentralized exchange (DEX) Uniswap on April 10. The Wells notice formally states that the SEC plans to recommend sanctions. The SEC has been investigating Uniswap Labs, the main developer behind Uniswap, since 2021. In response to increased regulatory scrutiny, the platform had previously removed several tokens from its listing. The DEX's native token, Uniswap (UNI), fell 10% in the hours following the news, hitting a six-week low.

Technical charts suggest a fast approaching altcoin season: Analysts

According to market analysts, the famous altcoin season of cryptocurrencies may come very soon. On April 11, pseudonymous trader and analyst Rekt Capital noted that the altcoin market cap is the only constant despite Bitcoin's price fluctuating over the past few weeks. “It has continually retested the $315 billion level as support over the weeks,” he said. Historically, altcoin price growth lags behind Bitcoin, and charts like altcoin market cap and Bitcoin dominance can provide traders with some signals as to when altcoins may be heading into their own bull seasons.

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