Latest news with #Uniswap
Arabian Post
2 days ago
- Business
- Arabian Post
Nordic Crypto Expansion: 21Shares Lists Five New ETPs in Stockholm
Zurich-based 21Shares AG has extended its reach in the Nordic financial market by adding five cryptocurrency exchange-traded products to Nasdaq Stockholm, taking its total offerings on the Swedish exchange to ten. The newly cross-listed products—Uniswap, Avalanche, Bitcoin Gold, Solana Core Staking and Ethereum Core —join the firm's existing Bitcoin, Ethereum, Solana, XRP and Bitcoin Core ETPs. This move reflects mounting interest among both retail and institutional investors in regulated access to a broader range of digital assets via established trading venues. With the latest additions, 21Shares reinforces its position as a leading provider of physically backed, transparent crypto investment products in Europe. Mandy Chiu, Head of Financial Product Development at 21Shares, highlighted that the expansion enables investors to craft more bespoke portfolios. 'By offering a broader selection of single‑asset and thematic crypto ETPs, we're empowering investors to build more customised and resilient portfolios through a familiar exchange environment,' she said. Nasdaq's European ETF & ETP head, Helena Wedin, welcomed the new suite, noting such innovation as shaping the future of capital markets. ADVERTISEMENT The newly listed ETPs offer exposure to distinct niches within the crypto ecosystem. AUNI provides a stake in Uniswap, the leading decentralised exchange. AVAX tracks Avalanche, a platform noted for its scalability. BOLD focuses on Bitcoin Gold—a fork designed to democratise mining. CSOL delivers both Solana price exposure and staking yield, while ETHC covers Ethereum's core asset. These additions allow investors to target specific segments, from DeFi protocols to next‑generation blockchains and staking-enabled assets. All 21Shares ETPs are physically collateralised and traded under regulated frameworks, removing the burden of wallet management and key custody. Fees range from 0.21% to 2.50% annually, offering a competitive alternative to direct crypto exchange transactions. The firm's products are also listed on Euronext Paris, Amsterdam, London and SIX Swiss Exchange, contributing to a diversified pan-European presence. This latest development comes as Europe prepares for implementation of the Markets in Crypto‑Assets Regulation, aimed at standardising crypto oversight. More listings on regulated exchanges help issuers align with the evolving regulatory landscape. 21Shares' strategy compares with best-in-class players in traditional finance pushing crypto integration. From Bitcoin and Ethereum to platforms like Solana and Avalanche, the firm's growing suite meets demand both for mainstream exposure and thematic investment strategies. Despite these advances, some challenges persist. Liquidity conditions for less‑traded tokens such as Bitcoin Gold can be thin, and tracking discrepancies may emerge between product performance and spot prices. Fees, while competitive, can vary significantly: niche products may carry noticeably higher rates, impacting returns. Nevertheless, for investors seeking regulated and familiar vehicles, the benefits are tangible. ETPs provide access through existing brokerages, transparency under established compliance standards and relief from the technical complexity of self-custody. This expansion also underscores Nasdaq Stockholm's evolving role as a hub for crypto‑linked financial instruments. Stockholm's regulatory environment and market infrastructure make it attractive for issuers and investors alike. The increased product diversity enhances its appeal to both domestic and regional markets. Beyond booming local interest, 21Shares continues to push forward globally. In the US, the firm is pursuing approvals for a suite of spot crypto exchange-traded funds—including for Solana, XRP, Dogecoin, Polkadot, and Sui—as it seeks to replicate its European success. Additionally, its ARK 21Shares Bitcoin ETF underwent a 3‑for‑1 stock split on 16 June to enhance accessibility. Since launching the first physically backed crypto ETP in 2018, 21Shares has built a track record of innovation and adaptation. Backed by deep market expertise and proprietary custody systems, the company now manages approximately US $9.15 billion in assets under management. Leadership changes—including new CEO Russell Barlow—reflect an evolving operational structure focused on scalability.
Yahoo
2 days ago
- Business
- Yahoo
UNI Rallies 70% From April Lows With Bullish Pattern Taking Shape, Up 24% in Past 30 Days
Uniswap's governance token continues its impressive comeback, trading above $7.46 Tuesday after rallying 70% from its yearly low of $4.551 on April 7. The token has logged seven weekly gains in the past eight weeks—its longest positive stretch since early 2023—and is now firmly trading above key resistance levels that capped earlier recovery attempts. The broader structure now reflects a classic bullish reversal, with a prolonged downtrend giving way to sharp rebounds, strong support formation, and improving sentiment around Uniswap's on-chain governance and market role. Buyers absorbed a sharp drawdown earlier in the session and quickly stepped back in, establishing a new base around $7.14–$7.17. That support zone now defines the lower bound of the token's recent trading range. The latest rally saw the token push through prior local highs despite some intraday profit-taking near the $7.52 mark. The consistent pattern of higher lows and strong volume near key inflection points indicates a potentially sustainable uptrend, though a clean break above $7.60 would likely be needed to confirm a full momentum shift. Technical Analysis Highlights UNI traded in a 24-hour range of $0.650, from $7.142 to $7.792, reflecting 8.7% intraday volatility. A sharp sell-off bottomed at $7.142 during the 10:00 hour, with volume spiking to 3.96 million—78% above the daily average. The following hour saw volume increase to 4.69 million as buyers stepped in, triggering a V-shaped recovery. Price reached $7.578 by 15:00 before facing resistance and temporary consolidation. At 17:33, UNI dipped to $7.37, followed by a surge between 17:37 and 17:39, with volume rising to nearly 3x the hourly average. Price peaked at $7.53 during the 18:00 candle with volume of 162K, representing a 5.8% gain from the hour's low. Despite some profit-taking near $7.52, price action held above mid-range, extending the recovery into a more defined uptrend. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Meta Pool, a Liquid Staking Protocol, Suffers $27M Exploit
Multi-chain liquid staking protocol Meta Pool suffered a smart contract exploit on Tuesday, resulting in the loss of $27 million. Blockchain security firm PeckShield reported that a bug in the protocol's staking contract allowed users to freely mint mpETH, the protocol's liquid staking token (LST). While an attacker managed to mint $27 million worth of the tokens, a lack of liquidity on Uniswap meant that they could only swap 10 ETH worth ($25,000). An Etherscan transaction before the exploit took place showed that an account labeled as "MEV Frontrunner Yoink" removed 90 ETH worth of liquidity from the pool. Meta Pool is yet to post any updates about the exploit on social media. Total value locked (TVL) for the project still stands at $75 million, according to DefiLlama, while the protocol's MPDAO governance token trades at $0.02 on minimal volume. The exploit continues a trend from May that saw investors lose $302 million to hacks, scams and exploits, according to in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
UNI Jumps 7%; Crypto Analyst Sees Breakout Momentum Toward $10
Uniswap's UNI UNI token gained 7.33% over the past 24 hours, climbing from a low of $6.9788 to a high of $7.7177 by early Monday. The token broke through key resistance near $7.65 during the Asia session and continued pushing higher, showing sustained interest from buyers. The price rally was marked by a steady formation of higher lows and a breakout above recent consolidation, supported by a notable spike in volume around 08:00 GMT. This technical setup helped UNI reclaim territory last seen in late March and reinforced short-term bullish sentiment. On June 11, crypto analyst Ali Martinez posted on X that '$UNI is breaking out with momentum and now has its sights set on $10,' echoing the growing optimism among traders. Monday's price action has brought that level closer into view as UNI builds on its upward momentum with minimal pullbacks. The next key area to watch will be whether UNI can hold above the $7.65–$7.70 region and sustain its breakout as trading volume evolves throughout the week. Technical Analysis Highlights UNI established support at $6.9788 before breaking through resistance levels around $7.40 and $7.65. Volume increased sharply during the 02:00–05:00 GMT window, accompanying a price surge past $7.40. Price reached $7.7177 after breaching the $7.60–$7.65 resistance zone. The chart shows a series of higher lows throughout the period, indicating upward price structure. During the 08:00–08:04 GMT interval, volume spiked again as UNI surpassed $7.65. In the most recent hour, UNI moved from $7.67 to $7.68, a 2.8% intraperiod gain. Short pullbacks occurred around 07:20 and 07:43, with subsequent recoveries. Price movement over the period remained within an ascending range. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Economic Times
14-06-2025
- Business
- Economic Times
Bitcoin steady at $104K despite Middle East tensions and mixed US data
Tired of too many ads? Remove Ads Increasing Institutional Activity Crypto TrackerPowered By TOP COINS TOP COIN SETS Solana 12,659.15 ( 2 %) Buy XRP 185.96 ( 1.96 %) Buy Ethereum 2,20,027 ( 1.45 %) Buy Bitcoin 90,76,439 ( 1.05 %) Buy BNB 56,200 ( 0.58 %) Buy Impact of Macroeconomic Data Increasing Geopolitical Tensions Way Forward Top 3 crypto gainers during the week: SPX is up 24.6% Uniswap is up 21.7% Hyperliquid is up 14.8% Top 3 crypto losers during the week: Celestia is down 14.10% Jupiter is down 13.07% Story (IP) is down 10.5% (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) The crypto market saw considerable price action in the past week, with Bitcoin coming just 1.2% away from a new all-time high. Bulls showed a strong hold over the market, helping major coins gain back the upward momentum. The developments in the US-China trade talks further added fuel to the rally, pushing Bitcoin by 4%. While Bitcoin and the broader market witnessed some profit-taking towards the end of the week as geopolitical tensions escalated in the Middle East, the market sentiment remains on the positive end, given the macroeconomic factors and institutional activity playing crucial trading at $104,500, Bitcoin is showing early signs of a recovery trend. While the trend appears to be healthy, many factors can influence the direction of the market in the short term. These factors could set the precedent for how the markets could behave in the coming weeks. Institutional investors have come back to the markets, helping Bitcoin and Ethereum stabilise the price at the support levels. In this week alone, Bitcoin spot ETFs saw over $1 billion in net inflows, increasing nearly 30% from the previous week. Additionally, Strategy also acquired 1,045 Bitcoins, increasing its holdings to 582,000 BTC. This has also impacted the overall market sentiment, contributing to the rally during the week. Alongside institutional buying, Bitcoin Whales have also contributed to the momentum. New data from CryptoQuant reveals that large Bitcoin holders now hold a balance of 3.57 million BTC. When whales steadily add to their reserves, they act as powerful demand sinks. Their increasing accumulation reduces the available supply and provides price interesting trend among the institutional activity is the consecutive net inflows into the Ethereum Spot ETFs. Since the beginning of this month, ETH ETFs have seen $812 million in net inflows, helping Ether maintain its current bull run. This institutional interest in ETH could be the catalyst for ETH to reclaim the $3000 mark the week, many macroeconomic indicators also played a role in the price movements. The US Dollar Index (DXY) fell to its lowest point in seven weeks, indicating that investors are retreating from the dollar. This drop typically points to declining confidence in the Federal Reserve's capacity to manage economic risks and heightened concern over the country's fiscal trajectory, bringing in fresh liquidity into the the other hand, the Consumer Price Index (CPI) data coming in cooler than expected at 2.4% year-on-year helped Bitcoin rally as the hopes for a rate cut during the upcoming Federal Open Market Committee (FOMC) meeting increased. However, the US Producer Price Index (PPI) data that came out the following day rose to 2.6% (higher than expected), leading to profit booking among rising geopolitical concerns are another factor that could influence the direction of the crypto market. Israel's airstrikes on Iran have led to fear of war, resulting in a 4% decline in the overall crypto market cap. While the prices have started recovering as investors digest the news, any escalation from Iran in the next few days could lead to a fresh downward trajectory with Bitcoin testing the $100,000 levels. On the other hand, any de-escalation attempts could push the market back up, helping Bitcoin reclaim the $110,000 mark along with a boost in the broader crypto market is showing strong resilience despite the growing geopolitical uncertainty. While institutional inflows have played a crucial role in stabilising the prices, the retail interest is also increasing with BTC's bullish sentiment reaching a seven-month high, as positive social media comments, tracked across X and Reddit, doubled. However, investors must remain cautious and continue to invest only after thorough research, as such uncertainty might lead to high price swings. For long-term investors, such volatility is an accumulation opportunity to generate better risk-adjusted returns. It is advised to invest systematically to take advantage of any volatility that comes in the investment journey, helping build long-term author is Co-founder and CEO of Mudrex, a global crypto investment platform.
