Nordic Resources (NNL:AU) has announced Excellent Gold Intersections Verified at Kiimala Project
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Radiopharm Theranostics (RAD:AU) has announced Acceleration of RAD204 Phase 1 dose escalation trial
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C29 Metals (C29:AU) has announced Multiple New Multi-Commodity Targets
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On Monday, Uniswap confirmed that it has become the first decentralised exchange (DEX) to hit $3 trillion in trading volume.
It’s not usual for a DEX to clock high trading volumes, owing to never-ending challenges with liquidity, speed, congestion, and regulatory risks. Therefore, when centralised exchanges (CEXs) like Binance have reached over $100 trillion in trading volume, DEXs struggle to clock even a fraction.
Post-pandemic, however, the trend seemed to change with more and more people trusting decentralised exchanges like Uniswap. Today, Uniswap’s Inventor and CEO Hayden Adams confirmed on X that the exchange is the first DEX to hit $3T volume.
First DEX to Hit $3T
With this, DEXs are gradually making their mark in the decentralized finance (DeFi) sector. In the growing DEX sector, Uniswap continues to dominate with close to a quarter of the overall market share.
The exchange hit the coveted $1 trillion volumes in May 2022, followed by $2 trillion in April 2024. The growth trend is in sync to double every other year.
The rapid increase in crypto trading since November 2024 is said to be the main driver behind the growth reported by Uniswap, similar to multiple other platforms and exchanges. The flagship crypto token, Bitcoin, has witnessed a remarkable rally of over 50% to reach $105k over the past seven months.
Uniswap’s Struggling Journey to $3T
Uniswap was launched in 2018 and has been dominating the market share in the DEX ever since. But their journey was not easy.
The platform has seen regulatory hurdles like investigations from the U.S. Securities and Exchange Commission (SEC), and a rapid drop in trading volumes after the 2022 crypto winter. Even today, the daily trading volumes are reportedly half of what they were during their peak in 2021.
The DEX’s native token UNI has also seen a massive drop of over 80% from its peak of $45 seen in May 2021. Earlier this year, the UNI token price saw a major rally following the $165.5 million funding.
Uniswap’s new milestone appears to be a new ray of hope for the gradually recovering DEXs. It demonstrates that the sector is maturing and the adoption of decentralized trading platforms is moving up.
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The crypto industry is on the cusp of significant transformation amid stringent regulations. According to CryptoQuant CEO Ki Young Ju, a novel class of stablecoins is set to revolutionize the crypto industry: “dark stablecoins.”
Notably, Ju’s reference to dark stablecoins highlights the growing importance of censorship-resistant tokens that prioritize user privacy and anonymity. He believes that such decentralized stable assets could provide a more secure and discreet alternative to traditional stable tokens.
What Are Dark Stablecoins, CryptoQuant CEO Explains
As governments across the world intensify financial regulations, CryptoQuant CEO Ki Young Ju predicts a new trend that ‘dark stablecoins are likely to emerge in the future.”
As per his X post, dark stable tokens are censorship-resistant coins that cannot be controlled by any authorities. Ju highlights this idea amid global governments’ increasing scrutiny over stablecoins. It is noteworthy that Ju’s novel notion comes following Meta’s decision to focus on stablecoin payment solutions.
Further, Ju underscored two ways in which dark stablecoins could be created.
- Algorithmic Tokens: These decentralized, censorship-resistant stable tokens are created using algorithms to maintain their stability. This approach could provide a more secure and privacy-focused alternative to existing coins.
- Stablecoins from Non-Censoring Countries: Ju also highlighted the possibility of countries with minimal financial censorship issuing stable tokens that prioritize user anonymity and freedom.
Why are Decentralized Stable Tokens Important?
Unlike decentralized cryptocurrencies like Bitcoin, stablecoins are always tied to a central authority, typically an issuer like Tether or Circle. These authorities help to maintain these tokens’ value by backing them with real-world assets such as fiat currencies.
While governments have historically taken a hands-off approach to stablecoin regulation, this landscape is shifting. As stable tokens have grown in popularity due to their relative lack of oversight, governments are now moving to impose stricter regulations.
For instance, the US Senate failed to advance the landmark GENIUS Act despite the crypto industry’s growing support. These increased regulations could include automatic tax collection via smart contracts, wallet freezes, or mandatory paperwork, severely limiting the freedom to transfer funds.
Thus, the emergence of dark stablecoins would help users safeguard their assets from government interference, freezing, and other forms of financial censorship.
Moreover, the CryptoQuant CEO offered a unique perspective in his tweet. He posited that Tether’s USDT, once regarded as a censorship-resistant token, could reclaim its status as a ‘dark stablecoin’ if Tether opts to defy US government regulations under a potential future administration.
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Michael Saylor’s MicroStrategy, now known as Strategy, made another Bitcoin purchase between May 5 and May 11 for $1.34 billion. This marks one of the company’s largest BTC purchases this year, bringing its total holdings to 568,840.
MicroStrategy Acquires 13,390 BTC For $1.34B
In a press release, MicroStrategy announced that it has acquired 13,390 BTC for $1.34 billion at an average price of $99,856 per Bitcoin. The company has also achieved a BTC yield of 15.5% year-to-date (YTD).
Following this purchase, Strategy now holds 568,840 BTC, which it acquired for $39.41 billion at an average price of $69,287 per Bitcoin. Michael Saylor’s company remains the public company with the largest Bitcoin holdings, well ahead of the second-placed MARA Holdings.
This purchase comes just a week after MicroStrategy acquired 1,895 BTC for $180 million. It also marks the company’s second-largest Bitcoin purchase in 2025. In March, it acquired 22,048 BTC for $1.92 billion, its largest purchase so far this year.
The company is likely to purchase more Bitcoin in the coming weeks after it increased its capital plan from $42 billion to $84 billion. Strategy plans to use this capital to acquire more BTC.
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Cardano (ADA) price surges 3.67% today, reaching $0.83, and gradually nears the $1 psychological mark. Fueling the anticipation of ADA price hitting the $1, Charles Hoskinson recently teased NFT-based free transactions on Cardano after the Midnight upgrade. Betting big on the possibility of Cardano price rising before Midnight release, 75% of Binance traders are hopeful.
Cardano Price Analysis Triggers Inverted Head and Shoulders Pattern Breakout
Cardano price has surged nearly 30% since last week’s low at $0.64, surpassing the long-standing supply zone at $0.75. This critical resistance held the altcoin price under consolidation since March 9, for almost 60 days. Cardano rally surpassed the overhead supply pressure on May 9 with a decisive daily closing price of $0.7774 above the zone and 23.60% trend-based Fibonacci level at $0.7593.
During the consolidation, Cardano price formed an inverted head and shoulder pattern as highlighted in the price chart. The neckline of the pattern overlapped with the 23.60% Fibonacci level and marks a price target of $1.08, evaluated by adding pattern’s height to the neckline.
Recovery run in ADA surpasses the 200-day Exponential Moving Average (EMA) and influences a positive shift in 50, 100 and 200 EMAs trend. This increases the golden crossover chances in the 50 and 200 EMAs. Furthermore, the MACD and signal lines regain positive alignment with rising histograms, signaling a new wave of bullish trend.
The 50% Fibonacci level coincides with the $1.08 price target based on the pattern breakout, teasing a 30% upside potential.
Conversely, a bullish failure to hold above the $0.75 resistance turned support zone will nullify the pattern breakout. This could risk a pullback to the 50-day EMA at $0.70, followed by the next support level at $0.55.
Binance Traders Confident on ADA Price Breakout
As Cardano price trend gains momentum, Coinglass data shows anticipation in the derivatives market surging high. The ADA Open Interest (OI) has surged by 2.62% to $964 million with the funding rate floating above 0.011%. This highlights increased bullish activity as OI grows.
Notably, the Binance traders showcase confidence as 75% of Binance accounts hold long ADA positions. This increases the leverage-driven price rally chances and fuels bullish sentiments.
Charles Hoskinson Hints at Free Transactions With NFTs as Access Pass
In a recent interview, founder of Cardano, Charles Hoskinson made strong claims about possibly enabling free transactions with the upcoming Midnight sidechain. Powered by NFTs, where each NFT acts as an access pass, enabling a set number of transactions per day for free. With this innovation, the founder hints at a model similar to Web2 with free accounts and services, without the need for a native token. Following the founder’s comment, the community is excited with many expecting this utility-first approach to fuel adoption spree before the Midnight rollout. This could fuel the next bullish wave in ADA prices.
In conclusion, as technical signals support the rising optimism in Cardano, the $1 price target seems imminent. Furthermore, the tailwinds from Binance traders and Charles Hoskinson’s claim on the Midnight upgrade hint at a longer uptrend.
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Dogecoin (DOGE) price is up 8% today at $0.2486 but struggles to sustain dominance over the $0.25 psychological level. Amid such struggle, the Dogecoin technical signals warn of a quick pullback as the price action hints at a potential bearish pattern. Is this the end of the 50% rally in Dogecoin or a minor correction before the prevailing trend resumes?
Dogecoin Price Warns of Double Top Reversal
Dogecoin price jumped 9.51% in the last 20 hours, creating three consecutive bullish candles known as the triple white soldier pattern. The DOGE price rally accounts for 50% starting from the May 6 bottom at $0.1653.
As Dogecoin forms a peak at $0.2505, the meme coin price trend takes a sideways shift with a pullback $0.2245 on May 11. The recent bounce back in DOGE now challenges the short-term resistance while warning the possibility of a second peak. In such a case, a double top pattern will be formed in the DOGE price chart with a neckline at the $0.2245 support level.
If Dogecoin pullback breaks under $0.2245, a conclusive closing price below the support could signal a strong, steep correction. The price target of this bearish pattern is calculated by adding the distance between neckline and top to the breakout level. This warns of a 10% drop to the next psychological support level of $0.20.
As Dogecoin struggles to surpass the previous peak at $0.2505, the Relative Strength Index (RSI) drops from the overbought zone, suggesting a declining trend momentum. This highlights a bearish divergence between RSI and Dogecoin, considered a highly bearish signal when paired with a double top. Furthermore, the MACD and signal lines merge after a bull run, suggesting a fall in trend momentum. Hence, the technical indicators give a bearish Dogecoin price prediction, warning of a short-term pullback.
Conversely, a 4-hour candle closing above the $0.2505 level will nullify the bearish pattern. However, the declining momentum is likely to trigger a pullback ahead.
Bearish Pattern Warns $100 Million in Liquidations
Amid the possibility of a steep correction, Coinglass data shows liquidation risks rising to $100 million if DOGE price hits $0.2278. This warns of a major wipe of bullish Dogecoin traders in the market.
Additionally, the short liquidations are at $3.97 million and the long liquidations rise to $7.64 million, almost double in the last 12 hours. This warns of a rising bearish dominance and a potential wipeout of additional long DOGE traders.
With a potentially bearish pattern in the making, Dogecoin could witness a minor pullback as suggested by technical indicators. However, this may not result in a $100 million in long liquidation due to early closure of long positions from traders.
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Epic Games said on Friday that it submitted Fortnite to Apple’s App Store, the month after a judge ruled in favor of the game maker in a contempt ruling.
Fortnite was booted from iPhones and Apple’s App Store in 2020, after Epic Games updated its software to link out to the company’s website and avoid Apple’s commissions. The move drew Apple’s anger, and kicked off a legal battle that has lasted for years.
Last month’s ruling, a victory for Epic Games, said Apple was not allowed to charge a commission on link-outs or dictate if the links look like buttons, paving the way for Fortnite’s return.
Apple could still reject Fortnite’s submission. An Apple representative did not respond to CNBC’s request for comment. Apple is appealing last month’s contempt ruling.
The announcement by Epic Games is the latest salvo in the battle between it and Apple, which has taken place in courts and with regulators around the world since 2020. Epic Games also sued Google, which operates the Play Store for Android phones.
Last month’s ruling has already shifted the economics of app development for iPhones.
Apple takes between 15% and 30% of purchases made using its in-app payment system. Linking to the web avoids those fees. Apple briefly allowed link-outs under its system but would charge a 27% commission, before last month’s ruling.
Developers including Amazon and Spotify have already updated their apps to avoid Apple’s commissions and direct customers to their own websites for payment.
Before last month, Amazon’s Kindle app told users they could not purchase a book in the iPhone app. After a recent update, the app now shows an orange “Get Book” button that links to Amazon’s website.
Fortnite has been available for iPhones in Europe since last year through Epic Games’ store. Third-party app stores are allowed in Europe under the Digital Markets Act. Users have also been able to play Fortnite on iPhones and iPads through cloud gaming services.
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