• Uniswap proposes a protocol fee switch.

• U.S. Treasury guidance on staked ETPs.

• Base processes 15.4 million daily txs.

• BitMine buys an additional 110k ETH.

Uniswap founder Hayden Adams introduced the UNIfication proposal, a new initiative to enable the Uniswap protocol fee switch and realign incentives across the ecosystem. The proposal seeks to move Uniswap Foundation employees to Uniswap Labs under a shared goal of accelerating protocol growth, including the elimination of the Uniswap interface fee.

UNIfication will activate protocol fees starting with v2 pools, then gradually expanding to v3, v4, and UniswapX. It also introduces Protocol Fee Discount Auctions (PFDA), which are auctions for “no-fee swap rights,” with proceeds also going toward the UNI burn. The proposal will also direct surplus Unichain sequencer fees to burn UNI tokens and allocate 100 million UNI from the treasury toward a retroactive UNI token burn.

The initiative aims to establish Uniswap as the default DEX for all tokenized value. Adams noted that a previously hostile U.S. regulatory climate delayed such a proposal for years. Following the announcement, UNI’s price surged 17%, rising from about $7.46 to over $9. The UNIfication proposal will go live for a temperature check vote on Snapshot later this month.

The U.S. Treasury Department and the IRS have issued new guidance for staked crypto exchange-traded products (ETPs). The guidance provides a safe harbor for investment trusts that stake digital assets without losing their classification as investment or grantor trusts. The rule applies only to digital assets on permissionless proof-of-stake (PoS) networks. It becomes effective for tax years ending on or after November 10, 2025. Treasury Secretary Scott Bessent says new guidance aims to keep America as the global leader in digital assets. 

Base Chain, the layer 2 network by Coinbase, reached a new all-time high metric on Sunday, processing more than 15.4 million transactions in a single day. The network also recorded over $1 billion in daily DEX trading volume. According to L2Beat, Base Chain ranks as the second-largest rollup in the Ethereum ecosystem with $14.6 billion in total value secured.

• ACDT #61 minutes | recap 

• Vitalik highlights privacy efforts

• EF seeks to hire an EA

• ENS contract naming incentives

• Uniswap hits $200b swap vol

• BitMine buys 110,288 ETH

• Crypto bill to define CFTC’s role

• Justin Drake on lowercase snarks

• MPC, tFHE, and TEEs weaker privacy

• t1 releases Vision Litepaper

• Tokenized gold surges on ETH

• PoolTogether hits 100k users

• Katana reports no exposure to xUSD

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

• JP Morgan buys $102m worth of BMNR.

• Alchemy releases its V2 faucet.

• Hoodi testnet activates BPO1.

• EthereumJS v10.1.0 release.

J.P. Morgan acquired 1,974,144 shares of BitMine Immersion Technologies Inc. (BMNR), the world’s largest Ethereum treasury company. BitMine currently holds 3.4 million ETH, valued at approximately $11.6 billion. The acquisition positions J.P. Morgan among BitMine’s largest institutional shareholders. Meanwhile, ARK Invest, led by Cathie Wood, increased its position by 240,000 shares, bringing its total holdings to over 6.58 million BMNR shares. Chaired by Tom Lee, BitMine is halfway toward its goal of acquiring 5% of the total Ethereum supply as part of its long-term accumulation strategy to increase ETH per share.

Blockchain infrastructure provider Alchemy launched version 2 of its testnet faucet, a tool that allows developers to obtain free testnet tokens for application and smart contract testing. Testnets simulate mainnet environments without incurring actual costs. The new release removes the requirement to authenticate with an X account. The faucet supports 17 testnets, including Ethereum Sepolia, Arbitrum Sepolia, Optimism Sepolia, Base Sepolia, ZKsync Sepolia, and Polygon Amoy. To receive tokens, developers need to create an Alchemy account, enter their wallet address, and select a desired network. Tokens are automatically distributed within 24 hours.

Hoodi, an Ethereum testnet built for testing staking infrastructure, successfully executed its first Blob-Parameter-Only (BPO) fork in preparation for the upcoming Fusaka mainnet upgrade. BPO forks are lightweight, automated forks that adjust blob targets and limits. In the first fork, the blob target was increased to 10 and the maximum set to 15, expanding blob capacity and lowering Layer 2 transaction costs.Other News

• EthereumJS v10.1.0 release

• Chaos: DeFi’s Contagion Loop

• Noice launch pad docs

• Base hits 125 Mgas/s limit

• Clanker fees allocated to creators

• Vitalik: Galaxy brain resistance

• Samurai dev sentenced to 5yrs

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

• Lido launches the strETH DeFi vault.

• EF publishes Fusaka Mainnet Announcement.

• Google Finance integrates Polymarket data.

• Guantlet pauses withdrawals amid deUSD depeg.

Lido Finance launched stRATEGY, a new curated DeFi vault built on Mellow Protocol’s Core Vaults infrastructure. The vault offers diversified exposure to an stETH DeFi strategy involving Aave, Ethena, and Uniswap. Users can deposit ETH, WETH, or wstETH to receive strETH, representing their share in the vault. The vault automatically manages allocation, monitoring, and rebalancing, giving users simple access to curated DeFi yield opportunities. strETH holders also earn Mellow points rewards. The vault takes a 1% annual management fee and 10% performance fee on rewards, which are reflected in the token’s price.

The Ethereum Foundation published the official Fusaka Mainnet Announcement, calling on all Ethereum node operators to update both execution and consensus clients before the upgrade activates on December 3, 2025 at slot 13,164,544. Fusaka-ready client releases are available from Lighthouse, Teku, Nimbus, Geth, Besu, Erigon, Nethermind, and Reth. Prysm is the only client that has not yet released a production-ready version. Fusaka introduces 12 EIPs that enhance scalability, performance, and user experience. Its headline feature, PeerDAS (EIP-7594), enables higher blob throughput to reduce Layer 2 transaction costs. Following activation, Blob Parameter Only (BPO) forks will gradually raise per-block blob limits to further expand network capacity. Fusaka marks the second upgrade shipped this year, following Pectra in May 2025.

Google Finance is adding support for prediction markets data from Kalshi and Polymarket, the world’s largest prediction market built on Polygon PoS. The integration allows users see real-time probabilities for future market events directly in search results. The feature is powered by Google’s Gemini AI models and will roll out first to Google Labs users in the U.S. over the coming weeks, with broader access to follow. Google Finance is Google’s platform for financial data, research, and market insights.

• ACDE #224 highlights | minutes

• Guantlet pauses withdrawals

• Yield-bearing stablecoin outflows

• Abstract onboards Disney via Cryptoys

• Base App supports memecoin pairing

• Call for decentralized RPC access

• Sprinter raises $5.2m seed

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.