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Uniswap Jumps 5% As Whale Buys $4M, Surpasses $73B Volume
HomeNews* The UNI token from Uniswap rose 5% to $6.65, bucking a broader crypto market decline.
Kaweewut Temphuwapat, the new CEO of SCB10X—the venture division of Thailand’s SCB bank—told CoinDesk, “We definitely [are] going more on AI and also crypto and AI plus crypto.” He stated that clearer U.S. crypto rules could drive more investments into Asia. Temphuwapat also highlighted SCB10X’s early stake in Ripple and noted Thailand’s banking sector may soon be able to hold crypto assets directly, starting with small-scale regulatory sandboxes.
Pseudonymous trader James Wynn shifted from making billion-dollar bitcoin trades to betting on memecoins. Wynn recently bet $1 million on the Pepe coin using leverage. Earlier, Wynn closed a $1.2 billion bitcoin long position with a $17.5 million loss, then opened a $1 billion bitcoin short that briefly earned $3 million before exiting. Wynn now reports a $25 million total profit from an original $3 million investment and has already gained around $500,000 from the latest Pepe trade as the coin rallied nearly 6%.
Bitcoin is stabilizing at high levels around $109,000 despite market volatility from tariff news, as long-term holders continue to accumulate. Ethereum remains strong above $2,500, supported by institutional investment in Ethereum-backed exchanged-traded funds. Gold saw a small dip—trading above $3,310—while the Hang Seng index in Hong Kong opened lower and Japan’s Nikkei 225 fell slightly after U.S. tariff announcements. The U.S. S&P 500 market remained closed for Memorial Day.
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