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The cold war between decentralized finance (DeFi) and Wall Street incumbents turned hot Tuesday, with Uniswap Labs founder Hayden Adams accusing Citadel Securities of engineering a regulatory kill-switch for the industry. Adams alleges the market-making giant is pressuring the Securities and Exchange Commission (SEC) to legally reclassify software developers as “centralized intermediaries,” a designation that would impose impossible compliance burdens on permissionless protocols.

Uniswap founder Hayden Adams has submitted a landmark governance proposal. The plan, titled “UNInception,” aims to activate protocol fees and align incentives across the ecosystem. Adams stated this is the first step toward a full on-chain vote.

The Federal Reserve delivered its first rate cut of 2025, lowering the federal funds rate by 25 basis points. The move pushed the U.S. dollar to its weakest level in more than three years while risk assets, from equities to commodities to crypto, surged on the shift.

The cryptocurrency market is starting to show signs of a shift, with Ethereum gaining momentum around the $2,700 mark after 8% rise.

UNI, the governance token of the Ethereum-based Uniswap decentralized exchange, has maintained a sustained bullish momentum for the first time since the beginning of 2025. The crypto asset has returned seven bullish weekly candles in the past eight weeks, breaking out of a prolonged downward trend and setting up a classic bullish structure.

One of Uniswap’s (UNI) most legendary whales has re-entered the game after three long years of dormancy, and their first big move is already making waves. Blockchain sleuth @ai_9684xtpa reported that this whale, who previously cashed out a cool $21.54 million in profits from two strategically timed waves of UNI trading, has just opened a new $3.97 million position. The whale reportedly acquired 662,606 UNI tokens at an average price of $5.99.

Uniswap established a new mark, with more than $3 trillion worth of trading volume on decentralized exchanges, making it the first DEX to pass this threshold. Uniswap’s founder, Hayden Adams, celebrated this milestone on May 12 with a Dune Analytics chart depicting the platform’s growth.