TRUMP PRIVATELY URGED SPEAKER MIKE JOHNSON ON A PHONE CALL WEDNESDAY TO RAISE THE TOP TAX RATE AND CLOSE THE CARRIED INTEREST LOOPHOLE
Uniswap price surged sharply as the crypto market erupted on May 8, with the decentralized exchange’s native token spiking 17% to hit its highest level in two weeks. With cryptocurrencies in upward mode as Bitcoin ( BTC ) reclaimed the $100,000 mark, Uniswap ( UNI ) soared above $5.50. The gains had Uniswap in vertical mode amid a spik in daily volume, with the altcoin seeing more than $214 million traded in the past 24 hours to represent a 70% increase. Bitcoin’s rally to $100,000 could provide new momentum. However, analysts at market intelligence platform Santiment caution that it could be a “double-edged sword.” “On one hand, retail FOMO can add a bit of extra fuel to this rally as major media outlets spam Bitcoin’s 3-month milestone and bring in many new entries to the space. On the other hand, we typically see rallies put on the brakes when there is an overwhelming amount of calls related to ‘higher’ or ‘above’ (in relation to crypto) like we’re seeing now,” Santiment posted on X . Although UNI gains align with the broader market’s uptick catalyzing bullish sentiment, tailwinds include the recent Ethereum Pectra upgrade . Read more: What tariff shock? Bitcoin surges past $100k as market recovery continues Pectra, a major update for Ethereum and the first since Dencun in March 2024, introduces several important features for the network. The 11 included improvement proposals enhance user experience via smart accounts and delegation, upgrade staking mechanics, and improve layer 2 integration. Unichain ’s rapid rise as a go-to platform for the Uniswap community also supports the bullish case. The Uniswap team announced on May 7 that Pectra’s activation ensures all 7,702 smart wallets on the network are now fully supported on the Uniswap web app. Per DeFiLlama data , Unichain has become one of the top chains in the decentralized exchange ecosystem. Latest data shows the DEX’s volume of $1.99 billion over the past week. The weekly change of +14% outpaces that of Etthereum, Solana and Base among others in the same period. In the past 24 hours, Unichain’s volume stands at over $354 million , accounting for most of the daily volume for Uniswap V4. As well as Unichain’s growth in terms of user accounts and total transactions, the Uniswap platform itself is seeing a notable flip. The total value locked on Uniswap is around $4.27 billion. You might also like: Uniswap price could surge as Unichain flips Ethereum, Polygon, Sei in key metrics
Movement Labs has terminated its CEO and co-founder Rushi Manche following a $38 million sell-off of its $MOVE tokens. The company has rebranded as Move Industries and announced a new leadership structure. Torab Torabi has been appointed CEO, and Will Gaines will serve as President and Chief Marketing Officer. The rebranding and leadership changes come after a turbulent period for the company. Separately, Saronic announced leadership changes with co-founders Doug Lambert and Vib Altekar assuming the roles of Chief Operating Officer and Chief Technology Officer, respectively. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Senate Democrats have maneuvered to advance the controversial GENIUS Act, a pivotal bill for regulating stablecoins, amidst significant debate. This strategic legislative move aims to eliminate the filibuster threat, facilitating
It almost felt inevitable today that bitcoin will eventually break past the coveted $100,000 milestone and after a brief hesitation, the asset has soared to a new multi-month peak above $101,000. The altcoins have followed suit with massive price gains from the likes of PEPE, SUI, FARTCOIN, and many others. BTCUSD. Source: TradingView CryptoPotato reported earlier today that BTC had risen to $99,700 amid reports that China and the US will have talks later this week in Switzerland in regards to striking a tariff deal. Later, Trump teased a big announcement for tomorrow that will involve the UK. BTC stood close to the six-digit entry territory for almost the entire day and was stopped there at first. However, the asset flew past it an hour ago and kept surging to a new three-month peak of over $101,000. Recall that just a month ago the primary cryptocurrency struggled below $80,000 and even dumped to a 2025 low of under $75,000 amid the darkest hours of the Trade War. Now, though, bitcoin’s realized cap has marked another all-time high, while the break above $100,000 could be different than previous such increases. VIRTUAL and PENGU lead the daily gains from the top 100 alts, with price surges of 36% and 33%, respectively. PEPE , SUI, and FARTCOIN follow suit by charting 20-25% daily jumps. Even Ethereum has soared by double digits in the past 24 hours, and managed to break past $2,000 for the first time in well over a month. The total value of liquidations on a daily scale is up to $580 million, according to CoinGlass. The majority, expectedly, comes from short positions (almost $500 million). The total number of wrecked trades is above 145,000. Liquidations Heat Map. Source: CoinGlass The post $500M in Shorts Liquidated as Bitcoin (BTC) Blasts Above $101K appeared first on CryptoPotato .
The cryptocurrency market soared on Thursday, fueled by improved investor sentiment following the Federal Reserve’s decision to keep interest rates unchanged and the announcement of U.S. tariff concessions. At the time of writing, Bitcoin (BTC) is up 5% over the past 24 hours, breaking above $101,700 for the first time since January. Meanwhile, Ethereum (ETH) has jumped 14% to $2,071, and XRP has surged 7% to $2.27. Solana (SOL) also posted significant gains, rising 10% to $161. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Ethereum faces a pressing challenge as Layer 2 projects thrive, raising concerns about its revenue-sharing model amidst evolving market dynamics. With the emergence of Layer 2 solutions, Ethereum’s once unparalleled
Lido decentralizes, thanks to Obol
Ripple Stalls & SUI Price Chart Signals Golden Cross While BlockDAG’s Latest Buyer Battles Winner Nets 5.28M BDAG! The SUI price chart is heating up again, this time with a golden cross on the horizon as its recent pullback begins to stabilize. After a 70% rally, a 10% dip hasn’t shaken bullish sentiment just yet. Over in the Ripple (XRP) price update, momentum has cooled, with XRP slipping below $2.20 and showing signs of consolidation. Both charts reflect hesitation: one from exhaustion, the other from pressure. Meanwhile, the ongoing BlockDAG (BDAG) Buyer Battles contest is anything but slow. With the latest winner walking away with 5.28 million BDAG in the most recent win and $229 million already raised, BDAG is becoming the top layer 1 crypto that rewards speed, size, and strategy. Golden Cross Nears on SUI Price Chart as Pullback Stabilizes After a sharp 70% rally, the SUI price chart shows signs of cooling, with the token dropping 10% in recent days. Despite slipping below $3.16, indicators suggest the broader trend remains intact. The 50-day EMA is closing in on a golden cross with the 200-day EMA, a development that may end the seven-week death cross. RSI sits just below overbought territory, still reflecting bullish sentiment. The SUI price chart now hinges on reclaiming $3.16 as support. If momentum builds, a retest of $3.59 is likely, though failure to stabilize may shift the SUI price chart into a more bearish setup. Momentum Cools in Latest Ripple Price Update The latest Ripple (XRP) price update shows a pullback from $2.25, with XRP now trading below $2.20 and struggling to regain traction. A bearish trend line near $2.1950 and resistance at $2.20 are key obstacles. The price currently sits beneath the 100-hour SMA, while RSI remains under 50, both signaling caution. A break above $2.20 could open the door to $2.25 or even $2.32. However, failure to clear resistance risks another dip toward $2.13 or lower. The Ripple (XRP) price update points to consolidation for now, as bulls pause and sellers test the strength of immediate support levels. BlockDAG Buyer Battles Rewards 5.28M BDAG To Latest Top Buyer In BlockDAG’s daily Buyer Battles, strategy matters. The wallet 0xb691…8e recently demonstrated how timing, volume, and precision can unlock massive rewards. By purchasing 1.52 million BDAG during the initial hours of the 24-hour window, this wallet became the top buyer of the day. A total of 19.72 million coins were sold out that day out of the total 25 million daily allocation. The top wallet buyer, who was declared the winner at the end of the day, secured not just the original purchase but also the remaining 5.28 million unsold BDAG. Total haul? A massive 5.28 million coins! These daily battles are becoming a proving ground where whales test not just buying power, but timing. Some are speculating that buying early increases the chances of scaring off other big wallets. Others think it’s all about closing the day strong. Either way, Buyer Battles are no longer just about quantity, but about calculation. BlockDAG’s batch 28 is currently open at a special rate of $0.0019 until May 13, while the listing price stands at $0.05. That’s a 2,531% projected ROI from today’s entry point. But with 19.7 billion coins sold and $229 million raised, the coins are selling fast, and batch 28 will sell out soon. BlockDAG continues to prove itself as a top layer 1 crypto with an edge in both strategy and scale. Markets Respond to Precision, Not Just Price The updates related to SUI and Ripple show that movement alone doesn’t guarantee follow-through. The SUI price chart flirts with recovery, but confirmation still depends on $3.16 holding. Ripple (XRP) price update shows short-term resistance stacking up, while bulls pause and the next breakout remains uncertain. But BlockDAG doesn’t rely on technical breakouts. Its Buyer Battles show how calculated plays deliver big outcomes. A 1.52 million order turned into 5.28 million BDAG win in a single day. And with 2,531% ROI potential, attention keeps building. Among top layer 1 crypto names, BlockDAG turns smart participation into a lead that keeps widening. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .