GM. Uniswap’s long-awaited UNIfication fee switch nears approval after votes easily cleared quorum, setting the stage for one of DeFi’s biggest structural upgrades to date.

Meanwhile, XRP yield goes live on Flare, Aave’s brand vote sparks DAO backlash over ownership, and Strategy pauses Bitcoin buys to build cash reserves.

We've summarized the past 24 hours in crypto below. 👇

Uniswap UNIfication Fee Switch Nears Activation Vote

Uniswap’s long-awaited UNIfication fee switch is expected to pass this week, marking one of the protocol’s largest upgrades since launch after governance votes smashed the required 40 million threshold. Voting opened Dec. 20 and closes Christmas Day.

The proposal flips Uniswap v2 and v3 fee switches on Unichain after a two-day timelock, activating protocol fees, burning tokens, and restructuring incentives across the decentralized exchange’s liquidity engine. Implementation is expected before year-end, pending final execution.

UNIfication mandates burning 100 million UNI from the Foundation treasury and introduces Protocol Fee Discount Auctions, a mechanism designed to boost liquidity provider returns while tightening UNI supply dynamics. Developers say the structure sharpens long-term token appeal.

Markets reacted swiftly, with UNI climbing about 25% since voting began, aided by near-unanimous support from heavyweight voters including Variant’s Jesse Waldren, Synthetix founder Kain Warwick, and former Uniswap engineer Ian Lapham. Opposition remains statistically negligible across ballots.

XRP Yield Product Launches on Flare Network

earnXRP launched this week through a joint effort by Upshift Finance, Clearstar Labs, and Flare Network. The product allows users to deposit FXRP on Flare and earn XRP denominated yield via automated strategies. Developers said the launch targets idle XRP holders seeking decentralized finance exposure without converting assets or leaving the XRP ecosystem.

The vault deploys capital across staking, liquidity provision, and risk managed strategies depending on size and demand conditions. Clearstar estimates yields between 4% and 10%, with returns compressing as total vault assets increase. Deposits are capped at 5 million FXRP initially, with withdrawals available anytime through token redemptions.

Aave Brand Vote Sparks DAO Governance Backlash

Aave Labs escalated a brand ownership proposal to a Snapshot vote, triggering governance backlash across the Aave DAO. The proposal seeks transferring control of domains, trademarks, and repositories from contributors to token holders. Critics argued the vote advanced prematurely, bypassing active debate and community coordination during a low participation holiday period.

Aave Labs stated the escalation followed governance rules requiring five days of proposal discussion before voting. Several delegates accused Labs of optimizing outcomes rather than legitimacy, citing new delegations and compressed timelines. The dispute contributed to a 10% AAVE price decline amid broader concerns over DAO process integrity.

Strategy Boosts Cash Reserves, Halts Bitcoin Buying

Strategy paused Bitcoin purchases last week, adding $748 million to its dividend reserve instead of acquiring BTC. The cash reserve now totals $2.19 billion, supporting dividends and liquidity within its hybrid treasury structure. Holdings remain unchanged at 671,268 BTC following two weeks of aggressive accumulation earlier this month.

Executives framed the pause as tactical rather than strategic, emphasizing Bitcoin remains the firm’s primary treasury asset. The reserve supports operational stability while maintaining flexibility during volatile market conditions and holiday periods. Strategy continues disputing MSCI index rules affecting digital asset heavy balance sheets ahead of January decisions.

Data of the day

US based digital asset funds recorded $952 million in outflows last week amid regulatory delays and investor caution. CoinShares attributed withdrawals to stalled progress on the Clarity Act and concerns over whale driven selling. Ethereum led outflows with $555 million, while Bitcoin products saw $460 million in redemptions.

Despite broad selling pressure, Solana and XRP funds posted inflows of $48.5 million and $62.9 million respectively. Analysts described the divergence as selective positioning rather than broad risk exit from digital assets. Total crypto fund assets now stand near $46.7 billion, reducing chances of surpassing last year’s inflow record.

More breaking news

• Hyperliquid confirmed a former employee was behind shorting HYPE tokens, reaffirming its strict zero-tolerance policy on insider or unethical trading.

• Coinbase will acquire The Clearing Company to expand its new prediction markets division, integrating event-based trading into its broader exchange platform.

• JPMorgan is exploring crypto trading for institutional clients, signaling a major shift as US regulations under the GENIUS Act improve clarity.

• BlackRock named its iShares Bitcoin Trust one of 2025’s top investment themes, underscoring long-term conviction despite Bitcoin’s price slump this year.

• Ghana passed a landmark law legalizing cryptocurrency trading, empowering its central bank to license exchanges and promote financial innovation nationwide.

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