Davidson-381381

📌 Major Governance & Protocol Changes:

Governance Passed Fee Switch + 100M UNI Burn: Uniswap’s governance overwhelmingly approved a proposal to activate the protocol fee switch and burn 100 million $UNI tokens a potentially deflationary change that redirects future trading fees to token burns. This could help reduce supply over time.

UNI Price Jump with Governance Vote: When voting opened on the protocol fee activation proposal in late 2025, $UNI surged ~19% as traders reacted positively to potential fee generation and tokenomics changes.
📉 Recent Market Price Movement
Short-Term Price Pressure: In mid-January 2026, UNI dropped modestly, reflecting broad market weakness as crypto indexes moved lower.
General Market Decline: Broader crypto downturns recently saw UNI trade under downward pressure as sentiment softened across top assets.

📊 Market Activity & On-Chain Dynamics:
Institutional Token Movement: Galaxy Digital moved ~$5M worth of UNI between exchanges, which corresponded with a ~5% short-term price rise and heightened trading volume — indicating renewed investor attention.Bearish Technical Signals: Some technical analysis shows UNI’s derivatives open interest declining and price weakness pointing to continued defense or consolidation unless buyers step up.

🧠 Longer-Term Factors:
Protocol Expansion & Adoption: Uniswap V4 and expansions like Unichain (a layer-2 solution) aim to grow usage and capture DeFi volume. Sustained growth in TVL and trading could benefit UNI sentiment longer term.
Tokenomics Shift: The fee switch plus burn is a notable shift toward potentially deflationary economics — something investors have been anticipating.

🔍 Current Summary:
Bullish catalysts:
✔ Deflationary burn via protocol fee activation
✔ Institutional movements (e.g., Galaxy Digital)
✔ Continued growth in DeFi activity

Bearish/neutral pressures:
⚠ Technical weakness and lower open interest
⚠ Broader macro crypto market softness
⚠ Still debated long-term token utility beyond governance.
#UNI #Uniswap’s #UNIUpdate

نظرة شاملة ومحدثة عن عالم العملات المشفرة.
📊 1. لمحة عن السوق (27 ديسمبر 2025):
بيتكوين & العملات المشفرة الرئيسية:
تستمر بيتكوين في التداول تحت مستويات الذروة الدورية الرئيسية، حوالي 87,000 دولار – 88,000 دولار — متراجعة من ذروات أكتوبر وتظهر ضعفًا مقارنةً بالأصول الآمنة التقليدية مثل الذهب والأسهم.
شهد السوق فترات من التقلبات العالية، ومشاعر تجنب المخاطر، ومرحلة تصحيح ممتدة للرموز الرئيسية.
العملات البديلة مختلطة: بعضها يظهر تقلبات خلال عطلة نهاية الأسبوع، بينما يتعثر البعض الآخر تحت ضغط هبوطي أوسع.

أعلنت شركة فيزا إنك عن توسيع كبير في بنية تسوية العملات المستقرة الخاصة بها، مما يمكّن البنوك والمؤسسات المالية الأمريكية من تسوية المعاملات باستخدام عملة الدولار الأمريكي من سيركل ($USDC ) على شبكات البلوكشين - بما في ذلك سولانا - كجزء من استراتيجيتها المستمرة لتحديث المدفوعات وإدارة السيولة. تعزز هذه الخطوة خيارات التسوية على السلسلة من فيزا للعملاء المؤسسيين وتعكس الطلب المتزايد على السكك الحديدية المدفوعة بالأصل الرقمي.
تتيح المبادرة للمصدرين والمكتسبين الأمريكيين تسوية الالتزامات في $USDC بدلاً من الاعتماد فقط على السكك الحديدية التقليدية، مما يساعد المؤسسات على إدارة عمليات الخزينة بشكل أكثر مرونة وقد يقلل من أوقات وتكاليف التسوية. تعمل تسوية العملات المستقرة الموسعة من فيزا على سلاسل الكتل المدعومة مع عرض سولانا لميزات المعاملات الأسرع والأقل تكلفة مقارنة بالسكك الحديدية التقليدية.

Binance, the world’s largest cryptocurrency exchange, announced on Thursday that it will add major new trading pairs denominated in the $USD1 stablecoin and convert all collateral backing its Binance-Peg BUSD token into USD1 at a 1:1 ratio, marking a significant shift in the exchange’s stablecoin infrastructure.

The move integrates the USD1 stablecoin, issued by World Liberty Financial ($WLFI ), more deeply into Binance’s spot markets and collateral structure — a rare step that could reshape how stablecoins are used across one of the industry’s largest trading venues.
New trading pairs and broader access:
As of 08:00 UTC on Thursday, Binance users can trade USD1 with several of the exchange’s most liquid markets, including:

BNB/USD1
ETH/USD1
SOL/USD1
These additions make the stablecoin accessible in some of Binance’s highest-volume trading pairs for major tokens. The exchange is also enabling fee incentives across these markets, including zero fees on USD1/USDT and USD1/USDC trades and special fee waivers for VIP traders.
In addition, Binance is activating spot algo order support (Trading Bots) for the newly listed markets, giving traders more tools for automated strategies using $USD1 .
Conversion of BUSD collateral:
In a coordinated update, Binance said it will convert all collateral assets backing Binance-Peg BUSD (B-Token) into USD1 at par, a process expected to take up to one week. After completion, USD1 will become a central part of the exchange’s internal collateral and margin systems.
The transition means USD1 will occupy a core liquidity and collateral role previously held by BUSD, further embedding the stablecoin into Binance’s infrastructure.
About USD1 and World Liberty Financial:
USD1 is a fully redeemable, dollar-backed stablecoin supported by U.S. Treasury bills, cash deposits, and other cash equivalents and is redeemable at a 1:1 ratio for U.S. dollars.
The token was launched in March 2025 and has rapidly expanded its footprint across various blockchain networks and exchanges. It gained additional prominence after a roughly $2 billion investment by Abu Dhabi-based firm MGX into Binance, settled in USD1, which highlighted institutional interest in the asset.
World Liberty Financial’s platform is described as a decentralized finance (DeFi) protocol and governance ecosystem that aims to broaden access to digital dollar infrastructure globally.
Market and industry implications:
Analysts say the integration of USD1 into Binance’s core systems — including trading pairs, fee structures, and collateral support — could accelerate adoption of alternative stablecoins beyond traditional options like USDT and USDC.
User adoption trends: whether traders will migrate liquidity to USD1 pairs on Binance.Stablecoin market share: how USD1’s role evolves relative to incumbents such as USDT and USDC.Regulatory reactions: how U.S. and global regulators respond to a major exchange reworking stablecoin collateral structures.
#USDC
#WriteToEarnUpgrade
#USD1vsUSDT
#BNB_Market_Update
#eth

جيه بي مورغان تشيس وشركاه توسع من اعتمادها على تكنولوجيا blockchain من خلال إطلاق صندوق سوق نقدي موحد على سلسلة الكتل Ethereum، مما يمثل واحدة من أكبر التحركات من قبل مؤسسة مالية تقليدية نحو بنية تحتية عامة للتمويل اللامركزي. تم تمويل الصندوق - الذي يحمل اسم صندوق عائدات My OnChain Net (MONY) - بمبلغ 100 مليون دولار من رأس مال البنك الخاص ومن المتوقع أن يفتح أمام المستثمرين المؤهلين هذا الأسبوع.

البيان، الذي تم الإبلاغ عنه لأول مرة من قبل وول ستريت جورنال وتم الإشارة إليه في العديد من مصادر الأخبار المالية، يُظهر اعتماد جيه بي مورغان الاتجاهات الناشئة في التوكنية التي تحول المنتجات المالية التقليدية إلى أصول قائمة على blockchain، مما يعد بزيادة الكفاءة والشفافية والوصول للمستثمرين المؤسسيين.

Members of the U.S. House Financial Services Committee have formally called on Securities and Exchange Commission (SEC) Chair Paul Atkins to revise existing regulations so that $BTC Bitcoin and other digital assets may be included in 401(k) retirement plans, aligning with President Donald Trump’s 2025 executive order aimed at broadening retirement investment options.

In a December 11, 2025 letter, Republicans and Democrats on the committee urged the SEC to act quickly to update rules that currently limit the types of investments available to defined-contribution plans. The letter emphasized that the SEC should move in concert with the U.S. Department of Labor (DOL) to implement regulatory changes necessary to allow retirement savers to allocate portions of their portfolios to alternative assets — including cryptocurrencies like $BTC Bitcoin.
Letter underscores Trump directive to broaden retirement investment access:
The letter references President Trump’s August 7, 2025 executive order (EO 14330) on “Democratizing Access to Alternative Assets for 401(k) Investors,” which directs federal regulators, including the SEC and the Department of Labor, to explore ways to expand retirement plan investment options beyond stocks and bonds. The order explicitly notes that retirement savers should have access to alternative assets when plan fiduciaries determine such investments are suitable, opening the door for digital assets and other nontraditional assets.
Lawmakers argue that aligning SEC rules with the executive order will help 90 million Americans participating in employer-sponsored 401(k) plans gain access to a broader range of investment opportunities that could, in some market conditions, enhance return potential and diversification.
Market and policy implications:
The push comes amid broader efforts by the Trump administration to modernize financial regulation and integrate digital assets into mainstream finance. Allowing $BTC Bitcoin and other regulated digital assets in 401(k) plans could reshape how Americans save for retirement, although it carries both potential benefits and risks.
SEC response and proposed rule changes: The SEC is expected to assess the committee’s letter and may initiate a formal rule-making process or issue guidance to facilitate retirement plan access to alternative assets.Interagency coordination: Efforts between the SEC and the Department of Labor could produce coordinated guidance on fiduciary duties and permissible asset categories under ERISA.Congressional oversight and legislation: Lawmakers may hold hearings and consider additional legislation to codify retirement investment reforms and address investor protection concerns.

The World Liberty Financial $WLFI community has opened a new governance proposal recommending the strategic use of a portion of its unlocked WLFI treasury holdings to accelerate the adoption and growth of its dollar-pegged stablecoin $USD1 . The proposal — now open for community discussion and voting — aims to deploy part of the treasury toward incentives that could expand USD1’s integration across centralized and decentralized finance ecosystems.
Proposal details and goals.
According to the governance update posted on WLFI’s community forum, the proposal suggests allocating less than 5 % of the unlocked WLFI treasury to support USD1’s broader adoption. The funds would be used strategically to build partnerships, incentivize listings on exchanges, and support USD1 use cases across both CeFi and DeFi platforms. The goal of the initiative is to leverage the stablecoin’s growth to benefit the wider WLFI ecosystem and increase economic activity for token holders.
The recommendation comes as USD1 has achieved notable adoption milestones, including its use in repurchasing WLFI tokens worth roughly $10 million in recent weeks and gaining support for multiple spot trading pairs on major exchanges. Proponents of the proposal argue that further incentives could help sustain this momentum and expand USD1’s utility in competitive stablecoin markets.
stablecoin strategy and ecosystem development
USD1, issued by World Liberty Financial, is a U.S. dollar-backed stablecoin that has rapidly grown in circulation since its launch, with integrations across major blockchains and decentralized exchanges designed to deepen liquidity and usage. World Liberty has also introduced incentive programs in the past, such as a USD1 points reward system to encourage trading and holding activities.
The project’s broader strategic vision focuses on expanding the reach of USD1 to compete with established stablecoins like USDT and $USDC , while positioning USD1 as a key settlement layer for global digital finance. These efforts are tied to increased on-chain activity and diversified use cases spanning both traditional and decentralized financial ecosystems.
Governance vote outcome — whether WLFI holders approve the proposal to allocate a portion of the treasury to USD1 incentives.Partnership expansion — any new exchange listings or DeFi integrations announced as a result of the vote.Stablecoin growth metrics — changes in USD1 circulation, liquidity and usage activity following implementation.

داني ريان، المؤسس المشارك لشركة إيثيراليز ومطور سابق في إيثريوم، حذر من أنه بينما فتحت التقدمات التشريعية المؤيدة للعملات الرقمية من إدارة ترامب الأبواب للأصول الرقمية، تواجه الصناعة الآن توتراً سياسياً واحتجاجات محتملة بمجرد أن تتولى إدارة جديدة الحكم. دعا ريان قطاع العملات الرقمية إلى استغلال نافذة السياسة الحالية ليعزز وجوده في البنية التحتية المالية بحيث تركز النقاشات المستقبلية على كيفية تنظيم العملات الرقمية واستخدامها بشكل مسؤول، بدلاً من ما إذا كان يجب أن توجد.

ملخص — توم لي يبدو متفائلاً: قد يكون قاع العملات المشفرة قد وصل، $BTC دورة البيتكوين انقلبت. قال الاستراتيجي البارز في السوق توم لي خلال ظهور حديث له في أسبوع بلوكشين باينانس 2025 إنه يعتقد أن أسعار العملات المشفرة، بما في ذلك البيتكوين، قد "وصلت إلى القاع"، وأن الدورة التقليدية للبيتكوين التي تستمر لأربع سنوات قد تُكسر — ربما في غضون الأسابيع الثمانية المقبلة.
لماذا هذا مهم
1) جادل لي بأن التطورات المستمرة — مثل زيادة الاعتماد المؤسسي، واتجاهات التوكن، والتحولات الاقتصادية الكلية — قد أنشأت ظروفًا قد تفتح مرحلة جديدة للعملات المشفرة.

The Kingdom of Bhutan has announced a landmark Bitcoin Development Pledge, committing up to 10,000 Bitcoin ($BTC ) from its sovereign reserves — valued at roughly $1 billion — to support the long-term development of the Gelephu Mindfulness City (GMC) economic hub. The move marks one of the most ambitious uses of cryptocurrency by a nation in pursuit of economic diversification and sustainable growth.
Strategic Allocation of National Bitcoin
According to official statements, the government’s pledge will allocate up to 10,000 $BTC — a significant portion of Bhutan’s crypto holdings — toward financing infrastructure, attracting investment, and generating employment within the Gelephu region. While the exact mechanisms are still being outlined, authorities emphasize that the funds are intended to be deployed through prudent financial strategies rather than immediate asset sales.
King Jigme Khesar Namgyel Wangchuck announced the pledge during the country’s National Day Address, framing it as a generational investment that will benefit the nation’s youth, broaden economic opportunities, and support long-term prosperity.
Funding Approach and Economic Implications
Rather than converting Bitcoin into fiat currency, Bhutan plans to use mechanisms such as collateralized lending, risk-managed yield strategies, and long-term holding approaches to finance GMC development while preserving underlying reserve assets. This strategy underscores the government’s intention to leverage Bitcoin’s potential price appreciation and decentralized financial utility without exposing national reserves to unnecessary volatility.
Bhutan’s substantial crypto stash — estimated at over 11,000 $BTC , ranking among the largest holdings by a sovereign state — stems mainly from state-supported mining operations powered by abundant and cheap hydroelectric energy.

بينانس، أكبر بورصة للعملات المشفرة في العالم، أعلنت يوم الخميس أنها ستضيف أزواج تداول جديدة رئيسية مقومة بعملة $USD1 المستقرة وستحول جميع الضمانات التي تدعم رمز Binance-Peg $BUSD إلى USD1 بنسبة 1:1، مما يمثل تحولًا كبيرًا في بنية العملات المستقرة في البورصة.

تدمج هذه الخطوة عملة USD1 المستقرة، التي أصدرتها World Liberty Financial (WLFI)، بعمق أكثر في أسواق Binance الفورية وهيكل الضمانات - وهي خطوة نادرة يمكن أن تعيد تشكيل كيفية استخدام العملات المستقرة عبر أحد أكبر أماكن التداول في الصناعة.

The Bank of Japan (BoJ) has raised its key policy interest rate by 0.25 percentage points to 0.75%, marking the highest level in 30 years as of December 19, 2025. The decision — made unanimously by the BoJ’s policy board — reflects a continued shift away from decades of near-zero interest rate policy amid persistent inflation and improving economic indicators.
Historic Rate Hike and Policy Change.
In its latest monetary policy meeting, the Bank of Japan increased its benchmark interest rate from 0.50% to 0.75%, a level not seen since September 1995. The unanimous decision, announced by Governor Kazuo Ueda, underscores the central bank’s commitment to normalising monetary policy after years of ultra-loose conditions aimed at combating deflation.
Governor Ueda, who has led the BoJ since April 2023, has overseen several tightening steps as inflation in Japan has remained above the bank’s 2% target for an extended period — a significant departure from decades of sub-target price growth.
Several key economic trends influenced the policy shift:

1) Persistent Inflation: Core consumer prices in Japan have remained above the central bank’s inflation goal for months, driven in part by higher import costs, food prices, and wage pressures.
2) Improved Business Sentiment: Surveys of Japanese manufacturers and firms show rising confidence, supporting the case for tighter monetary conditions.
3) Global Monetary Context: While other major central banks have eased or kept rates steady amid global economic uncertainty, the BoJ’s stance reflects a distinct inflation and economic dynamic in Japan.
The policy rate increase comes at a time when Japan’s economy has faced mixed signals — including weak overall growth alongside pockets of wage and price strength — prompting policymakers to balance inflation control with economic resilience.

The UK’s Financial Conduct Authority (FCA) has initiated a wide-ranging public consultation on its proposed regulatory framework for the cryptocurrency industry, inviting feedback from market participants, firms and consumers through Feb. 12, 2026. The move marks a key step in shaping the United Kingdom’s future crypto rulebook ahead of planned implementation in 2027.
What the consultation covers?
The FCA’s consultation — published on Dec. 16, 2025 — sets out a series of proposals for how crypto markets and firms should be regulated. The draft rules and guidance address many facets of digital-asset activity, including:
1) Regulation of crypto-asset trading platforms and intermediaries.
Staking, lending and borrowing protections to clarify risks for users and firms.
2) Admissions and disclosures for crypto assets, and controls to counter market abuse and manipulation.
3) Prudential requirements designed to strengthen financial resilience for regulated crypto firms.
4) Standards intended to help consumers make informed decisions when engaging with crypto products.
5) Consultation papers including CP25/40, CP25/41 and CP25/42 form part of the FCA’s broader “Crypto Roadmap” — a sequence of proposals that together will create a more comprehensive regulatory structure.
Responses to these papers are invited by 12 February 2026.

Binance announced today that it has received full regulatory authorization from Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). Under the approval, Binance will run its global platform under a formal, internationally recognized regulatory framework — transitioning operations into three newly-licensed ADGM entities.

From January 6, 2026, all Binance services will be provided through:

Nest Exchange Services Limited — a Recognised Investment Exchange (RIE), responsible for on-exchange activities including spot and derivatives trading.
Nest Clearing and Custody Limited — a Recognised Clearing House (RCH), responsible for clearing, settlement, central counterparty services, and custody of user digital assets.
Nest Trading Limited — a Broker-Dealer handling off-exchange services such as over-the-counter (OTC) trading, conversion, and other principal-based
Under the new arrangement:
Existing user credentials (UID, login, order history, balances) will remain intact and unaffected.
The relevant ADGM-licensed entity will become the legal counterparty for the specific service a user uses (e.g., trading, custody, OTC).
Data-controller status will shift to the licensed entity providing the service, potentially strengthening data governance and privacy under the updated terms of use and privacy notice.

The Bank of Mexico (Banxico), the country’s central bank, has cautioned that stablecoins could threaten financial stability if their growth continues without coordinated international regulation. In its new financial stability report, Banxico highlighted vulnerabilities tied to stablecoins’ reliance on short-term U.S. Treasury assets, market concentration and divergent regulatory frameworks abroad.
The report — released as part of the bank’s annual exploration of systemic risks — underscores Mexico’s cautious stance toward digital assets, even as other nations advance stablecoin frameworks. Banxico said it will keep a “healthy distance” between its traditional financial system and cryptocurrencies in the absence of a unified global framework.
Core concerns: liquidity, concentration and regulatory gaps
According to Banxico’s findings, stablecoins present several key risks:
Heavy dependence on short-term U.S. Treasuries — Stablecoin issuers have increasingly backed their tokens with short-term U.S. government debt, a dynamic that ties their liquidity profiles closely to another critical segment of global markets. This reliance could amplify stress if market conditions deteriorate unexpectedly.
Market concentration — A small number of stablecoin issuers control a large share of the market (with two major issuers accounting for roughly 86 % of supply), leaving the ecosystem vulnerable to stress or disruption at a few key firms.
Regulatory fragmentation — Banxico noted that differing global rules — such as Europe’s Markets in Crypto-Assets (MiCA) framework and proposed U.S. legislation like the GENIUS Act — could create arbitrage opportunities and magnify stress across jurisdictions due to inconsistent reserve, redemption and depositor-protection requirements.

مايكل سايلور، رئيس مجلس إدارة MicroStrategy وأحد أكثر المدافعين عن البيتكوين صراحة، أكد التزامه الثابت بتراكم البيتكوين هذا الأسبوع، قائلاً إن "تجميع البيتكوين سيستمر حتى تتوقف الشكاوى." التعليق، الذي تم مشاركته على وسائل التواصل الاجتماعي، يبرز استراتيجيته طويلة الأمد في اعتبار البيتكوين كأصل أساسي للشركة على الرغم من الانتقادات من المحللين وبعض المستثمرين.
جاءت ملاحظات سايلور وسط جدل متجدد حول نموذج أعمال MicroStrategy، الذي يركز على استخدام خزينة الشركة ونشاط الأسواق المالية للاستحواذ على كميات كبيرة من البيتكوين والاحتفاظ بها. بينما يشكك بعض المشاركين في السوق في استدامة هذه الاستراتيجية - خاصة عندما تتقلب أسعار البيتكوين - كرر سايلور التأكيد على فكرة أن التراكم على المدى الطويل يظل أفضل طريق للمضي قدمًا.

دعا أعضاء لجنة الخدمات المالية بمجلس النواب الأمريكي رسميًا رئيس هيئة الأوراق المالية والبورصات (SEC) بول أتكينز إلى مراجعة اللوائح الحالية بحيث يمكن تضمين البيتكوين وغيرها من الأصول الرقمية في خطط التقاعد 401(k)، بما يتماشى مع الأمر التنفيذي للرئيس دونالد ترامب لعام 2025 الذي يهدف إلى توسيع خيارات الاستثمار للتقاعد.
في رسالة بتاريخ 11 ديسمبر 2025، حث الجمهوريون والديمقراطيون في اللجنة هيئة الأوراق المالية والبورصات على التحرك بسرعة لتحديث القواعد التي تحد حاليًا من أنواع الاستثمارات المتاحة لخطط المساهمات المحددة. وأكدت الرسالة أنه يجب على الهيئة أن تتحرك بالتنسيق مع وزارة العمل الأمريكية (DOL) لتنفيذ التغييرات التنظيمية اللازمة للسماح للمدخرين في التقاعد بتخصيص أجزاء من محافظهم للأصول البديلة - بما في ذلك العملات المشفرة مثل البيتكوين.

Visa Inc. has announced a major expansion of its stablecoin settlement infrastructure, enabling U.S. banks and financial institutions to settle transactions using Circle’s $USDT Coin (USDC) on blockchain networks — including Solana — as part of its ongoing strategy to modernize payments and liquidity management. The move expands Visa’s on-chain settlement options for institutional clients and reflects growing demand for digital-asset-enabled payment rails.
The initiative lets U.S. issuers and acquirers settle obligations in USDC instead of relying solely on traditional fiat rails, helping institutions manage treasury operations more flexibly and potentially reduce settlement times and costs. Visa’s expanded stablecoin settlement runs on supported blockchains with Solana offering faster and lower-cost transaction capabilities compared with conventional rails.
How the stablecoin settlement works
Under the new framework, participating financial institutions can settle Visa obligations in $USDC directly via supported blockchain networks — including Solana — which provides 7-day settlement windows rather than being restricted to standard banking hours. The settlement process uses Circle’s $USDC , a dollar-pegged stablecoin already widely adopted by banks and crypto innovators for digital payments and liquidity transfers.
Visa’s settlement expansion allows treasury and payment flows to be modernized by using blockchain-based settlement rails that operate outside traditional banking cutoff times, a shift that could improve liquidity management for banks and fintechs.