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👋 Hello Binancians, happy Monday! We kick off the week with Binance Bytes, your quick summary of the hottest 🔥 in crypto and blockchain.
1️⃣ Uniswap proposes massive UNI burn and rewards for holders 🔥🪙 Uniswap wants to activate a fee switch to use part of the commissions to burn UNI and reward holders. It also proposes to burn 100M UNI (~US$800M) and reorganize its foundation. 💡 Why it matters: This could increase the demand for UNI and improve Uniswap's competitiveness in an increasingly competitive DeFi market.
2️⃣ The XRP ETF breaks records in its debut 📈🟩 The XRPC ETF from Canary Capital attracted US$245M on its first day and moved US$58M in volume. 💡 Why it matters: It's the largest ETF launch in 2025, and more XRP ETFs could be coming soon, driving institutional adoption.
3️⃣ SoFi becomes the first bank with crypto trading within the app 🏦✨ SoFi now allows buying and selling crypto directly from its banking app. 💡 Why it matters: It's the only national bank in the U.S. offering this, and it also plans to launch its own stablecoin and integrate crypto into its lending services and infrastructure.
📌 Binance Tip: Dive deeper into the world of stablecoins with our latest report: 👉 The Stablecoin Business 🔗 https://www.binance.com/en/research/analysis/the-stablecoin-business