Weekly Recap: Bitcoin Dips to $94,000
Happy weekend Defiers!
Crypto markets dropped for a third straight week, with BTC briefly dipping under $94,000 on Friday before rebounding. ETH and SOL are trading at around $3,200 and $143, respectively
UNI surged 30% after Uniswap Labs unveiled its UNIfication proposal to finally activate fee-sharing with tokenholders.
XRP rallied on Thursday as Canary Capital’s spot XRP ETF debuted on the Nasdaq
Meanwhile, Zcash staged a strong rebound after Tyler Winklevoss, revealed a new public firm, Cypherpunk Technologies, dedicated to building a corporate treasury around ZEC.
Finally, Lighter is now the top perps dex by volume.
Enjoy!
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Top stories this week
Bitcoin Drops to $94,000 Following Second-Largest Daily ETF Outflows
Cryptocurrency markets continued to slide on Friday as investors faced macro uncertainty and heavy liquidations following a volatile few weeks.
Bitcoin fell 4.3% to $94,200 – its lowest price point since April. Meanwhile, Ether slipped 2% to $3,164, bringing its weekly losses to 9%.
UNI Soars as Uniswap Labs and Foundation Propose Fee Switch Activation
Uniswap, the leading decentralized exchange (DEX) by volume, has unveiled UNIfication — a joint proposal from Uniswap Labs and the Uniswap Foundation to finally activate the protocol’s fee switch.
XRP Surges as First US Spot ETF Debuts on Nasdaq
Ripple’s native token, XRP, surged on Thursday following the debut of Canary Capital’s spot XRP exchange-traded fund (ETF), which is trading under the ticker XRPC on the Nasdaq.
ZEC Jumps as Winklevoss‑Backed Cypherpunk Reveals $100M Zcash Treasury
Zcash soared after Tyler Winklevoss, co-founder of crypto exchange Gemini, revealed a new public firm, Cypherpunk Technologies, dedicated to building a corporate treasury around ZEC.
Lighter Rises to Top Perp DEX by Volume, Reveals $68M Raise
Lighter, a decentralized perpetuals exchange, has raised $68 million in a funding round led by Peter Thiel’s Founders Fund and Ribbit Capital.
According to data from DefiLlama, the platform is now the largest decentralized perp exchange by trading volume on the daily and weekly timeframes.
Trending
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- Large POPCAT Trades Result in $5 Million Loss for Hyperliquid Vault
- Flare TVL Nears Record High as Firelight Teases XRP Liquid Staking
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