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5 Jun 2026, 22:44

Uniswap sets record with 134000 UNI tokens burned in a day! What does this signal for Ethereum and DeFi investors?

🔥 Uniswap set a new record by burning 134000 $UNI tokens in a single day. 🌐 The burn is part of the platform’s ambitious UNIfication mechanism now running on 11 blockchains. 🪙 $UNI is still trading far below its all time high despite record activity. Continue Reading: Uniswap sets record with 134000 UNI tokens burned in a day! What does this signal for Ethereum and DeFi investors? The post Uniswap sets record with 134000 UNI tokens burned in a day! What does this signal for Ethereum and DeFi investors? appeared first on COINTURK NEWS .

5 Jun 2026, 21:00

Uniswap founder Hayden Adams says he's 'extremely bullish' on DeFi and Ethereum

Hayden Adams, the creator of Uniswap, recently compared today’s market conditions to the 2018 bear market that produced Uniswap itself. He also declared that he is “extremely bullish on DeFi and Ethereum.” The declaration came one day after Uniswap trackers reported that the protocol burned a record daily total of 134,000 tokens due to a process approved by Uniswap Labs and the Uniswap Foundation, passed in late 2025, called UNIfication. How do the UNI token burns work? Hayden Adams, the creator of Uniswap, recently posted on X that he is extremely optimistic about DeFi and Ethereum. He compared today’s market to Uniswap’s origin days, “when Ethereum sentiment was at all time lows.” He stated that Uniswap and other DeFi projects proved Ethereum’s capabilities by building through that cycle, which helped lead to the DeFi summer of 2020. UNI token burns recently hit new highs, and Uniswap Labs released several product updates. Despite this activity, UNI still trades at $2.47 , which is more than 92% below its all-time high of $44.97 from May 2021. The token’s market cap sits at $1.54 billion with a circulating supply of 622.71 million UNI. The recent burn activity comes from a governance plan that Uniswap Labs and the Uniswap Foundation passed in late 2025 called UNIfication . UNIfication starts when protocol fees are collected and held in on-chain contracts called TokenJar. If someone wants to claim those fees, they must first burn an equal value of UNI tokens through a contract called Firepit. Finally, the burned tokens are sent to a dead address on Ethereum (0xdead), removing them from circulation forever. When the original UNIfication proposal was announced in late 2025, UNI jumped from $4.95 to $9.25 within a week. The UNI Burn Bot reported today that 134,000 UNI were burned in a single 24-hour period yesterday. This is a new daily all-time high for the program. Earlier this year in May, a governance vote (Proposal 96) approved extending the fee collection and token burns to BNB Chain, Polygon, and Celo, bringing the total number of chains using the burn mechanism to 11, in addition to Ethereum. Uniswap announces new product features At the same time, Uniswap Labs announced several product updates designed to make the platform easier for everyday users. The four main updates include in-app wallets, cross-chain swaps, portfolio tracking, and multichain portfolio views. All four features are live with zero interface fees on swaps. Uniswap Labs said it conducted internal research that showed that 49.9% of new traders on Ethereum, Arbitrum, and Base who swapped in 2026 made their first-ever swap on Uniswap. Uniswap holds $2.86 billion in total value locked (TVL) across more than 40 chains, with cumulative fees reaching $5.59 billion since it launched. However, the revenue going directly to UNI holders through the burn is $14.15 million total. Annualized fees currently run at roughly $882 million. Ethereum accounts for $1.96 billion of the TVL, followed by Base at $416 million and Arbitrum at $198 million. The smartest crypto minds already read our newsletter. Want in? Join them .

4 Jun 2026, 14:23

Bitcoin bloodbath plunges Strategy into Its deepest financial hole yet

MicroStrategy’s unrealized loss is at an all-time high following Bitcoin’s plunge below sixty-two thousand dollars, sending the company’s treasury investment into the red big time. The loss is sitting near $10.8 billion, putting Strategy down about 17% on its Bitcoin position after six years of buying. The fall came as Bitcoin hit its lowest price since the start of the Iran conflict, with fresh fighting in the Middle East hurting wider risk sentiment. The coin fell more than 5% in early Singapore trading on Thursday and dropped below $62,000 for the first time since Feb. 6. The weekly damage is now near 16%, and the pressure started after Michael Saylor’s Strategy sold about $2.5 million worth of Bitcoin from its huge stash. Strategy faces its largest paper loss after selling 32 Bitcoin before the crash Strategy (NASDAQ: MSTR) sold 32 Bitcoin between May 26 and May 31 at an average price of $77,135 per coin. The company later reported the sale, but the information was only made public on June 1. Since that sale, the value of Strategy’s Bitcoin position has fallen by about $11.8 billion, and yes the sale is small compared with the size of the company’s holdings, but these guys have spent years building its name around Bitcoin accumulation, and Saylor once told us we should sell our kidneys before we ever sell our Bitcoins. Source: Michael Saylor/X. MSTR’s stock plummeted 77% since its peak, and this week, it’s down about 18%. The fall also slammed related funds MSTU, MSTY, and MSTX, making them super volatile as investor faith in MSTR’s Bitcoin plans wavers. Things look even worse when you compare MSTR to regular stocks. As MSTR suffered because of Bitcoin, the S&P 500 gained roughly 116% in the same time frame. This contrast added to the pressure on MSTR’s strategy for managing its cash. When I wrote this, Bitcoin was at $61,351, while Ethereum has dropped below $1,800, Solana hit $69, and XRP hovered around $1.17. In just the past twenty-four hours, almost $1.63 billion in assets got liquidated. Mostly, long position bets (over $1.38 billion worth) got zapped. ETF exits, Polymarket bets, and weaker big buyers add pressure to Bitcoin U.S. spot Bitcoin ETFs saw $396.6 million in net outflows on June 3. That was the 13th straight trading session of negative flows, with the streak running since May 15. For a market that loves easy bullish stories, two full weeks of ETF exits is not exactly a cute look. In Polymarket, traders had the “no” outcome for a bet on whether Strategy would sell Bitcoin by May 31. Then, Strategy revealed selling 32 BTC during that time, just a day late. This happened on June 1, with the contract holding about $80 million in volume. Meanwhile, Bitcoin was losing strength while key stock indexes kept rising. The Nasdaq 100 (INDEXNASDAQ: NDX) hit a new peak on Tuesday, as the crypto market continued to fall. Over the past year, the Nasdaq 100 gained 41%, whereas Bitcoin dropped 38%. It’s currently 48% below its yearly high. Glassnode data also shows that Bitcoin buyers have changed since May. During the rally earlier last month, wallets holding between 1,000 and 10,000 Bitcoin led the buying. That group is often linked with large investors and institutions. So far in June, those same buyers have become less active. Smaller wallets and the largest whales have been more willing to buy during the downturn. Public companies hold about 1.24 million Bitcoin in total. If more of them start selling, the market could face a messy unwind of the corporate treasury trade. The smartest crypto minds already read our newsletter. Want in? Join them .

2 Jun 2026, 01:00

UNI falls below KEY support as whale sells $6.61M – What next for Uniswap?

Bears are heavily shorting near a massive trap, but who gets squeezed first remains unanswered.