The Uniswap token rose over 38% after the introduction of a protocol fee switch and burning mechanism that could strengthen UNI. The native token behind Uniswap rallied over 38% after the Uniswap Foundation and Uniswap Labs introduced a proposal aimed at making holding the token more appealing to investors. Among the potential changes outlined in the “UNIfication” proposal are activating a protocol-level fee mechanism to burn Uniswap (UNI) tokens and building a Protocol Fee Discount Auctions system to increase liquidity provider returns, the Uniswap Foundation said in a joint proposal with Uniswap Labs on Monday. They also plan to burn 100 million UNI — roughly 16% of the UNI’s circulating supply — from the treasury, which could further improve the supply and demand dynamics of UNI, the governance token behind the Uniswap decentralized exchange. Read more
The Senate Agriculture Committee has released a draft bill outlining the proposed regulatory jurisdiction of the country’s two main financial market regulators. The US Senate Agriculture Committee has released its long-awaited discussion draft of crypto market structure laws, bringing Congress closer to passing legislation outlining how the crypto sector will be regulated. Republican Agriculture Chair John Boozman and Democrat Senator Cory Booker released the draft on Monday, which includes brackets around sections of the bill that lawmakers are still negotiating. The bill aims to outline the limits of the Commodity Futures Trading Commission and the Securities and Exchange Commission’s power to regulate crypto. Only Congress can set the agencies’ regulatory boundaries, and both have shared guidance to companies about crypto under the Trump administration’s deregulation push. Read more
Bitdeer’s revenue and Bitcoin production jumped in the third quarter amid a push into AI, but its shares slid after the company booked paper losses. Shares of Singapore-based Bitcoin miner Bitdeer Technologies fell nearly 20% on Monday after the company reported a jump in quarterly losses. Bitdeer recorded a net loss of $266.7 million for the third quarter of 2025, compared with a net loss of $50.1 million for the same period a year ago, largely due to non-cash losses resulting from the revaluation of its convertible debt. Revenue climbed to $169.7 million, up 174% from the previous year, driven by the expansion of its self-mining operations, according to the company. Read more
Guidance from the Internal Revenue Service appeared to offer additional regulatory clarity for crypto staking through exchange-traded products. The US Internal Revenue Service (IRS), the country’s tax-collection bureau under the Department of the Treasury, has updated its guidance for cryptocurrency exchange-traded products (ETPs) to include a safe harbor for trusts to stake digital assets. Treasury Secretary Scott Bessent wrote in a Monday X post that the agencies released guidance offering crypto ETPs "a clear path to stake digital assets and share staking rewards with their retail investors.” According to the guidance available on the IRS website, government agencies would allow crypto trusts to participate in staking, provided they are traded on a national securities exchange, hold only cash and “units of a single type of digital asset,” held by a custodian, and mitigate specific risks to investors. Read more