Crypto majors are trading in the red after an overnight dip, with Bitcoin (BTC ($102,801.00)) down 1% at $104,800, Ethereum (ETH ($3,435.45)) down 1% at $3,550, Binance Coin (BNB ($958.95)) down 2% at $978, and Solana (SOL ($156.88)) down 3% at $163. Among top movers, Uniswap (UNI ($8.63)) surged 20% and Aerodrome (AERO ($1.13)) gained 16%, while Zcash (ZEC ($468.62)) tumbled 25% to $474 but remains up 16% on the week. The US Treasury and IRS issued new guidance making it easier for ETFs to stake crypto tokens and distribute rewards to investors. Uniswap also announced a major governance proposal to activate its fee switch, conduct an initial 100 million UNI token burn, and introduce several other changes, helping boost UNI by 20%. Meanwhile, the US Senate released its first draft of a crypto market structure bill, marking a significant step toward advancing regulatory clarity. In corporate news, Jack Dorsey’s Square revealed support for Bitcoin payments across its 4 million merchants, while Gemini’s stock dropped 12% after reporting a $159.5 million net loss for Q3.
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