Latest news with #Uniswap
New York Post
4 days ago
- Business
- New York Post
Crypto market cap surges past $4 trillion on landmark GENIUS Act law
The total market value of crypto assets surged past the $4 trillion mark for the first time ever on the back of landmark legislation to regulate the industry – marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape. The surge came as President Trump on Friday signed into law the GENIUS Act, the first-ever federal law to regulate stablecoins — a form of cryptocurrency pegged to a real-world asset. The law — passed after a bruising battle in Congress — introduces federal or state oversight of stablecoins tied to the US dollar in a move that helps legitimize a market that has been left largely unregulated. 3 President Trump holds up the GENIUS Act after signing the bill on Friday. AP Citigroup analysts have estimated that the stablecoin market could grow to $3.7 trillion by 2030. 'Anyone who has never invested before, I'm not sure this is the best level to be buying crypto at the moment and in fact I would say the other way,' Ken Mahoney, chief executive of Mahoney Asset Management, told The Post. 'If you have some decent profits, it's always good to sell it off incrementally.' The market cap record was driven by a rally in altcoins, a term used to refer to all tokens beside Bitcoin. Ether jumped nearly 20% over the past five days to trade at around $3,500 as of 5:30 p.m. ET, while benchmark Bitcoin hit a record $123,205 earlier this week. The world's most popular digital token was trading at around $117,000 at 5:30 p.m. ET. Uniswap soared 20% on Friday and Solana, known for its meme coins, gained 5.6%. Investors have been pouring into crypto ETFs in anticipation of 'Crypto Week,' hopeful that Trump's signature on the bills could help cryptocurrency shake its reputation as a contrarian asset. Bitcoin funds have seen $5.5 billion inflows so far in July. Ether ETFs have brought in $2.9 billion. 3 Citigroup analysts have estimated that the stablecoin market could grow to $3.7 trillion by 2030. REUTERS 'The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class,' said Chris Perkins, president, CoinFund. Mahoney cautioned that the crypto market will likely cool off after the legislation has finished working its way through headlines, as 'everything runs its course and runs hot at some point.' The House on Thursday also passed two broader bills related to cryptocurrency that are awaiting Senate consideration. The Digital Asset Market Clarity Act installs additional regulatory framework around digital assets and the Anti-CBDC Surveillance State Act seeks to block the Federal Reserve from issuing a central bank digital currency, or CBDC, directly to individuals. After signing the GENIUS ACT, Trump called back to his keynote address at a Bitcoin conference last year. 'I pledged that we would bring back American liberty and leadership and make the United States the crypto capital of the world,' Trump said. 3 The House on Thursday also passed two broader bills related to cryptocurrency. REUTERS 'And that's what we've done. And under the Trump administration, this is only going further.' The GENIUS Act — short for the Guiding and Establishing National Innovation for US Stablecoins — requires monthly public disclosure of reserve competition and annual audited financial statements for issuers with a market cap higher than $50 billion, according to the Senate Banking Committee. 'Just as I promised last year, the GENIUS Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoin,' Trump said. 'This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.' Trump has made an estimated $150 million from trading of his $Trump meme coin since its launch in January through mid-June, according to an analysis by crypto-risk modeling firm Gauntlet. A so-called 'unlock' of Trump meme coins this week is expected to add another $100 million to the president's fortune, according to crypto research site Messari.
Yahoo
5 days ago
- Business
- Yahoo
Crypto Market Value Tops $4 Trillion as Stablecoin Bill Passes
(Bloomberg) -- The total market value of cryptoassets surged past $4 trillion for the first time, driven by a rally in altcoins and momentum from a sweeping US legislative push to regulate the sector. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say Mumbai Facelift Is Inspired by 200-Year-Old New York Blueprint The milestone followed the passage of the first-ever federal legislation for stablecoins, a key accomplishment during what lawmakers have dubbed 'Crypto Week.' The bill, backed by Republicans and championed by President Donald Trump, introduces federal or state oversight of dollar-linked stablecoin, aiming to legitimize a $265 billion market that Citigroup Inc. analysts project could grow to $3.7 trillion by 2030. Altcoins — a catch-all term for tokens besides Bitcoin — led the latest leg of the rally, with Ether jumping 22% over the past five days. Bitcoin, the industry's benchmark asset, hit a record $123,205 earlier this week. Uniswap surged as much as 24% on Friday, while Solana gained 6.5% at one point. Thursday also saw the House pass a broader crypto market structure bill, which now awaits Senate consideration. Investors have continued to flood into US-listed crypto ETFs. Bitcoin funds have attracted $5.5 billion in inflows so far in July, while Ether ETFs brought in $2.9 billion. (Updates prices.) What the Tough Job Market for New College Grads Says About the Economy How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All Godzilla Conquered Japan. Now Its Owner Plots a Global Takeover Why Access to Running Water Is a Luxury in Wealthy US Cities Forget DOGE. Musk Is Suddenly All In on AI ©2025 Bloomberg L.P.
Yahoo
7 days ago
- Business
- Yahoo
Uniswap Labs President Mary-Catherine Lader Steps Down After Four Years
Mary-Catherine Lader, President and COO of Uniswap Labs, has stepped down after four years leading the development company behind one of the most prominent decentralized exchanges (DEX). A former BlackRock executive, Lader joined Uniswap in 2021 to help bridge traditional finance and decentralized protocols. During her tenure, Uniswap Labs expanded the protocol's reach across multiple blockchains, launched its own mobile wallet, and matured into an infrastructure provider relied on by institutions, developers, and retail users alike. A successor has not been named. Her exit also comes at a time when Uniswap's regulatory standing has stabilized after facing multiple challenges over the past year. In April 2024, the company received a Wells notice from the U.S. Securities and Exchange Commission (SEC), signaling potential enforcement action over alleged unregistered broker and exchange activity. Later, in September 2024, Uniswap Labs settled with the CFTC, agreeing to pay a $175,000 fine for illegally offering leveraged digital asset derivatives through its interface, specifically, tokenized products that the agency deemed margined commodity contracts. Since then, the broader U.S. policy environment has shifted. Under President Donald Trump, the White House has thrown its support behind crypto via the GENIUS Act, a proposed national bitcoin reserve, and calls for 'clear and simple' regulatory frameworks. Trump has described himself as the 'crypto president,' and Congressional momentum is building around market structure legislation. Lader departs with Uniswap standing strong, anchored by over $5.3 billion in total value locked, according to DeFi Llama.
Yahoo
15-07-2025
- Business
- Yahoo
MultiBank Group Announces 7 Million $MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
Hong Kong, PCR, July 15th, 2025, ChainwireMultiBank Group, one of the most regulated provider of financial derivatives in the world, announced that its initial $MBG Token Pre-Sale concluded in under one hour, with 7 million tokens fully subscribed via and Uniswap. Priced at $0.35 per token, the initial allocation was completed rapidly. The team sees this outcome as reflecting the level of interest in tokenized products that incorporate elements of asset backing and operational infrastructure. Due to additional requests, MultiBank Group will conduct a second and final $MBG Token Pre-Sale on Friday, July 18, ahead of the scheduled Token Generation Event (TGE) on July 22. This round will offer 3 million tokens at $0.35 and will be accessible through and Uniswap. Commenting on the success of the Pre-Sale, Naser Taher, Founder and Chairman of MultiBank Group, said: 'The sell-out of our initial $MBG Token offering in less than one hour is a decisive validation of our vision. In a market saturated with speculation, the response we received confirms that institutional-grade transparency, regulatory integrity, and asset-backed value are what investors are now demanding. $MBG is here for the long term, reflecting the experience, resources, and global reach that underpin everything we do at MultiBank Group. The market has spoken, and it has spoken with speed and conviction.' According to MultiBank Group, the $MBG token is supported by $29 billion in assets and linked to a broader operational framework that records $35 billion in daily turnover. The ecosystem supporting $MBG is anchored by its four pillars: MultiBank TradFi: Reported $362 million in revenue in 2024 through global CFD trading operations. MEX Exchange: An institutional-grade marketplace with a planned launch later in the year, projected at $23.7 billion. RWA: A platform focused on the tokenization of real-world assets, including $3 billion in ultra-luxury real estate. Extending into crypto derivatives alongside the token initiative. Together, these platforms will drive a $440 million buyback and burn initiative, reinforcing demand, ensuring a deflationary supply, and sustaining value growth for $MBG holders. For more information, users can visit and follow MultiBank Group on Telegram at for updates. ABOUT MULTIBANK GROUP MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, users can visit MultiBank Group's NeofytouMultiBank | © Copyright 2025 All rights reserved Sign in to access your portfolio
Bloomberg
15-07-2025
- Business
- Bloomberg
Uniswap Labs President Lader Leaves DeFi Firm After Four Years
Uniswap Labs President and Chief Operating Officer Mary-Catherine Lader, who left BlackRock in 2021 to help lead the largest decentralized trading platform on Ethereum, has exited the firm. A spokeswoman of Uniswap confirmed Lader's departure with Bloomberg News, adding that the firm thanks 'her for her four years of leadership, and will continue to build on her contributions by remaining focused on our users, partners and DeFi community.' Lader did not respond to an inquiry for comment.
