Market focus

Decentralized exchange Uniswap has hit a whopping $3 trillion in aggregate all-time volume, the first decentralized exchange to hit the number. Uniswap founder Hayden Adams noted the achievement in an X post on May 12, which included a screenshot of a Dune Analytics dashboard counting down to the milestone. Uniswap also has a current daily volume of…

Key takeaways: Ether breaks multimonth downtrend as traders target $3,000 ETH price. Ethereum TVL surges 41% to $52.8 billion in 30 days, with a 22% rise in daily transactions to 1.34 million, signaling strong network recovery. Technicals show ETH price faces major resistance at $2,100-$2,800. Ether is setting up for a recovery toward the $3,000…

Spot Bitcoin exchange-traded funds (ETFs) in the United States bought up nearly six times as many Bitcoin as were produced by miners over the last week. The US-based Bitcoin funds bought a whopping 18,644 Bitcoin over the past week when only 3,150 BTC were mined for the period, reported asset allocator HODL15Capital on May 4. This…

Tokenized gold carries several benefits over other forms of paper gold, including gold exchange-traded funds (ETFs), according to Melissa Song and Dustin Becker, representatives of Gold DAO, a decentralized autonomous organization that facilitates investor access to tokenized gold. In an interview with Cointelegraph, the DAO representatives outlined three major benefits unique to tokenized gold, including…

Asian investment firms are stepping up their Bitcoin accumulation strategies, with Japan’s Metaplanet and Hong Kong’s HK Asia Holdings leading the way. Tokyo-based Metaplanet disclosed on April 24 that it acquired an additional 145 Bitcoin for 1.9 billion Japanese yen (around $13.4 million), boosting its total holdings to 5,000 BTC. Metaplanet CEO Simon Gerovich confirmed the…

BlackRock’s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan. 21. On April 23, BlackRock’s iShare Bitcoin ETF (IBIT) was awarded the “Best New ETF” at the annual etf.com ETF awards. In an X post shortly after, Bloomberg ETF analyst Eric Balchunas said it “feels right…