Uniswap’s Big Week
Uniswap – the decentralized exchanged processing roughly $1.8 trillion in annual trading (more daily spot volume than even Coinbase) – has proposed switching on protocol fees and a UNI burning mechanism under a joint “UNIfication” plan from Uniswap Labs and the Uniswap Foundation. This was a long time coming and marks a significant shift for the protocol and its token holders. The gist? Thanks to a less restrictive regulatory environment, the Uniswap ecosystem is finally aligning incentives and reducing the token supply. UNI is up ~30% over the last 24 hours, and 70% this past week in anticipation. Read more →
IRS to allow crypto ETPs to stake digital assets
Treasury Secretary Scott Bessent posted the news on X yesterday saying that the new rules will give ETPs "a clear path to stake digital assets and share staking rewards with their retail investors."
SoFi launches crypto trading for consumers
SoFi (SOFI), the largest lender in the U.S. sporting a $37 billion market cap, launched SoFi Crypto this morning, becoming the first and only nationally chartered bank to offer crypto trading to consumers. The company also plans to launch its own stablecoin by the end of 2025. Read more →
Convicted crypto felon behind $500m scam found butchered alongside wife in desert Link»
Ethereum treasury firms are having a “bad time” as many fall below the value of their stockpile Link»
Gemini stock sinks to all-time low Link»
China raises alarm over alleged US role in one of the largest Bitcoin hacks Link»
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