Bitcoin at $99,520!

The Fear & Greed Index stands at 60 – Greed.

Despite the recent correction, the market remains stable, though geopolitical tensions are impacting price movements.

Bitcoin Falls Below $100,000 After New US Tariffs

Donald Trump’s decision to impose new import tariffs on China, Canada, and Mexico has shaken global markets and pushed Bitcoin below the $100K mark.

• The new tariffs include 25% on imports from Canada and Mexico and 10% on imports from China.
• Canada, China, and Mexico responded swiftly with countermeasures, increasing market uncertainty.
• Bitcoin dropped to $99,111, with $22.7 million in long positions liquidated within hours.

While some analysts believe that geopolitical instability could increase Bitcoin demand as a safe-haven asset in the long run, its short-term impact remains unclear.

UBS Tests Blockchain for Digital Gold Investments on ZKsync

Switzerland’s largest bank, UBS, is exploring blockchain technology to modernize gold investments for retail investors.

• UBS has successfully completed a proof-of-concept on ZkSync Validium, an Ethereum Layer-2 solution.
• The UBS Key4 Gold project aims to enhance scalability, privacy, and interoperability.
• This follows the launch of a tokenized fund on Ethereum in November 2024, signaling UBS’s commitment to merging traditional finance with crypto technology.
• UBS continues to bridge the gap between traditional financial assets and blockchain innovation.

Uniswap v4 Launches on 12 Blockchains

The decentralized exchange (DEX) Uniswap has rolled out its v4 version with major upgrades.

• Uniswap v4 is now live on Ethereum, Avalanche, Arbitrum, Base, Optimism, Polygon, and more.
• The biggest addition is “Hooks”, allowing developers to create custom trading strategies and liquidity pool functions.
• These features include dynamic swap fees, enhanced liquidity usage, and protection against MEV attacks.

With Raydium (Solana) recently surpassing Uniswap in trading volume, v4 could help Uniswap regain its dominance.