Uniswap price gains amid potential 100M UNI burn

  • Uniswap price eyes gains above $5.20 after bouncing off lows of $4.87.
  • Gains come as the Uniswap community prepares to vote on a key governance proposal.
  • The vote could see 100 million UNI burned in the coming days.

Uniswap’s governance token has witnessed a slight price surge as traders position ahead of a potential network burn of 100 million UNI tokens.

This move, tied to the recently proposed “Unification” governance vote, seems to have sparked optimism among investors, with UNI seeing a notable spike in trading volume over the past 24 hours.

The gains for Uniswap come after a recent slump and amid broader market weakness that has altcoins mirroring Bitcoin’s struggles.

Uniswap price eyes gains above $5.20

At the time of writing on Thursday, December 18, 2025, Uniswap’s price hovered around $5.24.

Intraday gains stood at nearly 4% as bulls looked to bounce off lows of $4.87.

This uptick comes on the heels of a recent sell-off below $5.40, which came amid Ethereum co-founder Vitalik Buterin’s selling of 1,400 UNI tokens.

Initial pressure on the token’s value pushed it to $4.99.

Bulls bounced to $5.30 as Bitcoin showed a sharp uptick earlier in the week.

Uniswap Price
UNI price chart by CoinMarketCap

However, the market appears to have shrugged off this uptick as selling pressure resumed and prices plunged to under $4.90.

Now UNI is eyeing a potential bounce as buying interest resurfaces.

The token’s ability to recover and eye gains above the $5.20 support level will likely strengthen as the community weighs a new governance vote on fees and the potential token burn.

Uniswap poised for 100 million UNI burn

As noted, one potential catalyst for UNI’s price gains lies in the “Unification” proposal.

Hayden Adams, Uniswap founder, submitted a governance proposal for voting on December 18, 2025.

As detailed in his X post, the voting period is scheduled to commence on December 19 at 10:30 PM EST and will conclude on December 25, allowing the Uniswap community to decide the protocol’s future.

If the proposal garners the required votes in favour, it will pass. There’s a two-day time lock period before Uniswap executes its token burn.

Specifically, the proposal looks at the removal of 100 million UNI out of circulation. The key is the flipping of the fee switches for v2 and v3 pools on the mainnet.

“v2 + v3 fee switches will flip on mainnet and begin burning UNI, along with Unichain fees,” Hayden noted.

As the community prepares to vote, the outcome of this proposal could mark a pivotal moment for the Uniswap price.

The token traded at highs of $7.70 in mid-November.

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Dogecoin slides toward $0.10 as large investors cut exposure and bearish bets build

  • Dogecoin has extended its selloff, with bears targeting $0.10 as on-chain and derivatives data turn bearish.
  • Large wallet holders are trimming DOGE positions, while short bets rise and retail interest fades.
  • A hold above $0.12 could spark a relief rally toward $0.15–$0.18, but downside risks remain elevated.

Dogecoin (DOGE) fell 3% on Thursday after falling about 4% in the prior session.

The share of DOGE supply held at a profit has declined as large wallet holders reduce their positions.

Derivatives market data points to a rise in bearish bets alongside waning retail participation.

From a technical perspective, Dogecoin shows a bearish bias after slipping below its April low, with downside risk extending toward the $0.1000 level.

Dogecoin sees weak investor interest

Data from Santiment shows that wallets holding between 100 million and 1 billion DOGE now control 34.77 billion tokens, down from 36.14 billion on December 1.

This investor group offloaded more than 1 billion DOGE on December 10 and has since kept holdings broadly unchanged.

At the same time, the share of Dogecoin’s supply in profit has slipped to 50.70% from a December 3 peak of 53.95%, pointing to a gradual softening in demand.

In derivatives markets, Dogecoin has also lost momentum.

CoinGlass data shows that short positions in DOGE derivatives have risen to 53.91% from 52.59% on Wednesday.

The increase in bearish positioning signals growing sell-side pressure and coincides with the liquidation of more than $5 million in DOGE long positions over the past 24 hours.

Dogecoin price extends losses towards $0.12

Dogecoin has experienced a notable decline in recent sessions, slipping below key psychological levels and extending its losses into the $0.12 range.

As of writing, DOGE traded near $0.125, reflecting a roughly 10% drop over the past week and 19% down over the month.

The last 24 hours performance is a continuation of the downward momentum that began earlier in the month.

This pullback follows a brief period of consolidation above $0.14, where buyers attempted to defend higher ground.

However, increased selling volume and a breakdown across risk assets has seen Dogecoin dip below the $0.14 support level.

On-chain data reveals reduced supply in profit, with large wallet investors trimming positions.

Profit taking is contributing to the heightened volatility, with macroeconomic headwinds a notable factor.

“Crypto stays caught in the macro crosscurrents. Potential MSCI index exclusions for crypto-treasury firms could trigger up to $2.8bn in passive outflows, pressuring fragile positioning,” wrote QCP Group analysts.

The outlook is that crypto is facing an uneasy end to the year.

DOGE downside risk grows

Trading volumes have surged during downturns, indicating conviction among sellers.

The Relative Strength Index on daily charts has dipped toward oversold territory, signaling intense bearish pressure but also potential for a short-term rebound if buying interest emerges.

Nonetheless, the downside risk for Dogecoin appears to be escalating.

Analysts are increasingly targeting $0.10 as a plausible near-term support level if bears maintain control.

If DOGE sees a decisive close below the current support near $0.12, it could open the door to further declines.

On the flip side, a hold above $0.12 might stabilize the price and allow for a relief rally toward $0.15 and $0.18.

Investors should monitor key support levels closely, as a breach could confirm a deeper correction, whereas a bullish divergence in indicators might signal an impending turnaround.

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Spot Bitcoin ETF sees sharp inflow revival amid shifting US rate signals

  • Fidelity’s FBTC dominated inflows, with BlackRock’s IBIT also posting strong demand.
  • Cumulative net inflows into US spot Bitcoin ETFs have exceeded $57 billion.
  • Shifting US rate expectations are shaping institutional ETF positioning.

Spot Bitcoin exchange-traded funds listed in the US recorded a sharp revival in inflows on Wednesday, signalling renewed institutional engagement after weeks of uneven activity.

The move marked the strongest single-day intake in more than a month and coincided with shifting expectations around US monetary policy.

While Bitcoin’s price action remains constrained by heavy supply levels, ETF flows suggest investors are reassessing exposure through regulated products as macro conditions evolve.

Inflows rebound across major funds

US spot Bitcoin ETFs recorded $457 million in net inflows on Wednesday, their highest daily total since mid-November.

Fidelity’s Wise Origin Bitcoin Fund led the session, attracting roughly $391 million and accounting for the bulk of the inflows.

BlackRock’s iShares Bitcoin Trust followed with around $111 million, according to data from Farside Investors.

The latest intake pushed cumulative net inflows for US spot Bitcoin ETFs above $57 billion.

Total net assets climbed past $112 billion, equivalent to about 6.5% of Bitcoin’s total market capitalisation.

The figures underline the growing role ETFs play in shaping institutional access to Bitcoin exposure.

Shift after weeks of uneven flows

The inflow revival comes after a choppy period through November and early December, when ETF activity swung between modest inflows and sharp outflows.

That instability reflected cautious positioning amid uncertain price direction and tightening liquidity conditions.

The last time spot Bitcoin ETFs recorded inflows above $450 million was on November 11, when funds drew roughly $524 million in a single day.

The renewed activity suggests investors may be positioning earlier in anticipation of changing macro conditions, rather than responding to short-term price momentum.

ETF flows have increasingly become a barometer for how institutions interpret broader financial signals.

US rate signals influence positioning

Macro expectations shifted further on Wednesday after US President Donald Trump said he plans to appoint a new Federal Reserve chair who strongly supports cutting interest rates.

Speaking during a national address marking the first year of his second term, Trump said he would announce a successor to current Fed Chair Jerome Powell early next year.

He added that all known finalists favour lower rates than current levels.

Lower interest rates are generally viewed as supportive for risk assets such as crypto, as they ease financial conditions and improve liquidity.

Against this backdrop, spot Bitcoin ETFs appear to be attracting capital as a relatively direct way to express macro-driven positioning.

Price pressure and fragile demand persist

Despite stronger ETF inflows, Bitcoin’s market structure remains under pressure.

The asset has returned to price levels last seen nearly a year ago, leaving a dense supply zone between $93,000 and $120,000 that continues to cap recovery attempts.

This has pushed the amount of Bitcoin held at a loss to around 6.7 million BTC, the highest level of the current cycle, according to Glassnode.

Glassnode data also points to fragile demand across both spot and derivatives markets.

Spot buying has been selective and short-lived, corporate treasury flows episodic, and futures positioning continues to de-risk rather than rebuild conviction.

Until sellers are absorbed above $95,000 or fresh liquidity enters the market, Bitcoin is likely to remain range-bound, with structural support forming near $81,000.

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Coinbase gains India regulatory clearance for CoinDCX investment

  • Coinbase has been an investor in CoinDCX since 2020 and disclosed the latest infusion in October.
  • The approval follows Coinbase’s reopening of user registrations in India after a two-year hiatus.
  • CoinDCX reported a $44.2 million wallet-related security breach in July without customer fund losses.

India’s competition regulator has cleared Coinbase’s plan to deepen its ties with CoinDCX, marking another step in the US-based exchange’s renewed engagement with the Indian crypto market.

The approval allows Coinbase to acquire a minority stake in DCX Global Limited, the parent company of CoinDCX, at a time when global exchanges are reassessing their exposure to high-growth but tightly regulated jurisdictions.

For India, the decision signals a willingness to permit foreign participation in the digital asset sector under formal regulatory scrutiny, even as policy uncertainty and elevated taxes continue to shape market behaviour.

The clearance was issued by the Competition Commission of India on Wednesday, following a review of the proposed transaction.

It comes shortly after Coinbase reopened user registrations in India, ending a two-year pause in local onboarding.

Together, the developments point to a cautious but deliberate attempt by Coinbase to rebuild its presence in one of the world’s largest potential crypto markets.

CCI clears Coinbase CoinDCX deal

The Competition Commission of India approved the transaction involving Coinbase Global Inc. and DCX Global Limited, enabling the acquisition of a minority shareholding.

The regulator confirmed the decision through an official disclosure shared on social media platform X, stating that the proposed combination had received approval.

Coinbase has been associated with CoinDCX since 2022, having invested in the Indian exchange during its earlier expansion phase.

The latest approval formalises an additional capital infusion that was disclosed by Coinbase in mid-October, but required regulatory sign-off before completion.

Coinbase India return strategy

The investment approval aligns with Coinbase’s broader effort to re-enter India after scaling back operations in 2023.

Last week, the exchange resumed onboarding Indian users, initially enabling crypto-to-crypto trading.

According to company plans, a rupee on-ramp is expected to follow in 2026, expanding access beyond token swaps and improving local usability.

This phased approach reflects the constraints of operating in India’s regulatory environment, where compliance requirements and payment restrictions have previously limited foreign exchanges.

By strengthening its stake in CoinDCX, Coinbase gains indirect exposure to local market infrastructure while maintaining regulatory distance from day-to-day operations.

CoinDCX security and market context

The approval also comes after a turbulent year for CoinDCX.

In July, the exchange disclosed a $44.2 million security breach involving one of its wallets.

The company said at the time that customer funds were not impacted, but the incident added pressure in an already cautious market environment.

India continues to pose challenges for crypto platforms due to high transaction taxes and unresolved regulatory frameworks.

Despite these hurdles, the competition watchdog’s decision suggests that authorities are prepared to accommodate global firms, provided investments are structured and subject to oversight.

For Coinbase, the clearance offers a regulated pathway back into India.

For the broader market, it highlights how foreign exchanges may increasingly rely on minority investments and partnerships to navigate complex local rules.

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