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UNIfication Proposal, JPM Coin Launch, and More — Week in Review

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4 months ago
AI summarizes in 5 seconds.

Uniswap’s “UNIfication Proposal” from founder Hayden Adams proposes fee activation, UNI burns and governance changes, JPMorgan rolled out JPM Coin on Coinbase’s Base network marking a tradfi–Web3 push, Circle reported record Q3 with USDC circulation topping $73 billion and net income up over 200% year-over-year, the new XRP ETF posted record first-day volume surpassing Solana’s debut, and Solana continued inflows as Bitcoin and Ether ETFs saw combined outflows near $500 million.

New Uniswap Proposal Outlines Fee Activation, UNI Burns, and Governance Overhaul

Uniswap founder and CEO Hayden Adams unveiled the “UNIfication Proposal,” a sweeping governance initiative… read more.

Editor’s comment: The Uniswap proposal sparked some of the best defi discussions on CT (Crypto Twitter) in a long time covering topics like the best way to return revenue to token holders, and the viability of Uniswap’s proposal versus new entrants like Aerodrome.

JPMorgan Launches JPM Coin on Coinbase’s Base Network, Merging Banking With Web3

JPMorgan and Coinbase are propelling traditional finance into the blockchain era as the rollout of JPM Coin… read more.

JPMorgan Launches JPM Coin on Coinbase’s Base Network, Merging Banking With Web3

Editor’s comment: This first step might seem anemic, but it signals tradfi’s real interest in using ungated blockchain networks.

Circle Reports Record Q3 as USDC Circulation Tops $73 Billion

Circle delivered a strong third quarter with USDC circulation soaring past $73 billion and net income up over 200% year… read more.

Circle Reports Record Q3 as USDC Circulation Tops $73 Billion

Editor’s comment: The results from Circle show to tradfi investors that crypto is now big business.

Canary XRP ETF Rockets to Top Spot With First-Day Activity Beating Solana ETF Debut

The XRP ETF’s record first-day volume, the strongest of any launch this year, signaled accelerating demand… read more.

Canary XRP ETF Rockets to Top Spot With First-Day Activity Beating Solana ETF Debut

Editor’s comment: Despite the broader crypto market drop, both SOL and now XRP ETFs are getting inflows.

Bitcoin and ether ETFs returned to red territory with combined outflows of nearly half a billion dollars. Solana… read more.

Editor’s comment: Solana had 12 days straight of positive inflows!

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