Uniswap Governance Passes Major ‘UNIfication’ Proposal

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💵 Weekly Crypto Fundraises & Deals

Here are all the crypto fundraises we heard about this week, ranked by size…

1. Architect, a fintech firm providing high-throughput, low-latency trading infrastructure for traditional and tokenized assets, has raised $35M in a Series A funding round, led by Tioga Capital

2. octra, a blockchain network focused on Fully Homomorphic Encryption (FHE), enabling secure computation in isolated execution environments, has raised $20M in a Public token sale, led by multiple investors

3. easy.fun, an on-chain trading platform built on Hyperliquid that frames crypto trading as skill-based competition, has raised $2M in a seed funding round, led by Mirana Ventures

4. HodlHer, an AI-powered Web3 assistant for crypto users that combines behavioral guidance with on-chain portfolio tracking and market insights, has raised $1.5M in strategic funding round, led multiple investors

5. Rocket, a prediction market protocol on MegaETH that introduces redistribution-based markets for crypto price movements, has raised $1.5M in a pre seed funding round, led by Electric Capital

🗞️ Crypto News Recap: The Top 5 Stories

Welcome back to This Week in Crypto… everything you need to know in one scannable format. Here are the top 5 stories of the week…

1. 🚀 Uniswap governance passes major ‘UNIfication’ proposal: The Uniswap governance voted to pass the UNIfication proposal, a major initiative that fundamentally shifts the protocol’s economics to a more deflationary road.

2. 🤝 Eclipse Founder Neel Somani Steps Down as Executive Chairman:Neel Somani, founder of Ethereum layer-2 protocol Eclipse, has stepped down as Executive Chairman effective October 2025, according to a joint statement from the company and Somani. He said the move reflects a desire to focus full-time on machine learning and other intellectual pursuits.

3. 🎭 Trust Wallet users lose at least $6 million in security breach:Crypto wallet provider Trust Wallet said it has identified a security incident affecting a specific version of its browser extension, with onchain sleuth ZachXBT estimating initial losses of more than $6 million.

4. ⚖️ SEC charges $14 million crypto investment scam targeting social media users:The U.S. Securities and Exchange Commission has charged three purported crypto asset trading platforms and four investment clubs for allegedly running an online investment scam that defrauded more than $14 million.

5. ⚖️ Former Alameda CEO Caroline Ellison to be released from federal custody next month: Caroline Ellison, the former co-CEO of Alameda Research, is scheduled for release from federal custody on Jan. 21, 2026, according to U.S. Federal Bureau of Prisons records.

💬 Tweet of the Week

📊 Key Stats of the Week

Here are the most important and interesting stats in crypto this week...

1. One under-indexed dynamic: XRP spot ETF inflows have outpaced SOL every single week since launch.

Despite debuting two weeks later, XRP spot ETFs have already accumulated $1.15B in net inflows, compared to $759M for SOL.

2. Despite multiple relief rallies, digital assets end 2025 with a second straight week of outflows ($446M). Since the October market crash, $3.2B has left the market, with outflows in 7 of the past 11 weeks.

3. Year-end inflection for Ethereum staking: the validator entry queue has flipped the exit queue for the first time since September.

There are now 691K validators are now joining mainnet versus 411K exiting (exits down 84% from November).

The earlier spike in exits followed Pectra, which raised the max validator balance from 32 ETH to 2,048 ETH, triggering consolidation across large operators, alongside Kiln exiting all validators after a security incident in September.

That restructuring phase now appears complete. Ethereum’s validator set has stabilized into a more consolidated, optimized, and resilient network.

4. As we close out the year, Maple has quietly built out one of the most successful onchain banks in the space, servicing over $1.8B in active loans and generating $10M in monthly fees.

Maple has grown its lending business by nearly 1100% year-over-year and is now the 4th largest onchain lending platform.

5. Broader crypto is dragging, but prediction markets keep gaining traction.

Weekly volume just topped $2B (the third-highest level ever), and December has already seen $5.4B in volume after a historic November ($8.2B).

Distribution is now the real moat.

📝 Highlights from the Top Crypto Reports

Here are the top highlights from the best crypto research reports this week…

ON-383: The Year in Charts 📊

About the Author: OurNetwork, aims to help you understand crypto like never before by harnessing the power of onchain data & analytics. This is an excerpt from the full article, which you can find here.

📝 Editor’s Note:

Welcome to OurNetwork’s latest and last issue of 2025.

In this installment, we’re highlighting four subsectors of crypto whose growth defined the year: stablecoins, real world assets, perp DEXs, and prediction markets. While crypto’s overall market cap dropped 11% to $3.06T in 2025, these four subsectors showed exciting progress.

We’d like to thank RWA.xyz, Token Terminal, Chaos Labs, and OurNetwork’s Diego Cabral for contributing to the newsletter to close out the year.

And finally, thank you for reading our contributors’ work. We look forward to continuing to improve in 2026.

– ON Editorial Team

📈 Stablecoin Market Surpasses $300B, Up Almost $100B in 2025

Stablecoins had a breakout year in 2025, growing 50% to surpass $300B in market cap. Tether (USDT) and Circle (USDC) still dominate with 88% share, but the next eight products added $19B, led by Sky’s USDS. Other top gainers included PayPal’s PYUSD (+$3.4B), World LibertyFi’s USD1 (+$2.8B), and Falcon Finance’s USDf (+$2.2B). With regulatory clarity from the GENIUS Act, 2026 is shaping up as a pivotal year as neobanks adopt stablecoins for instant settlement, additional yield, and user growth.

📈 Tokenized Stocks Grew 2,695% Year-to-Date, More Than Any Other Category of Tokenized Assets in 2025

2025 has been the year of tokenized stocks. The year-to-date market cap growth of tokenized assets: stocks +2,695%, commodities +225%, funds +148%, and stablecoins +49%. Issuers leading the charge: Backed, Ondo, Dinari, and Robinhood. With Robinhood already tokenizing hundreds of assets per week on Arbitrum, the tokenization playbook has been established. The next 12-18 months will show which issuer is able to capture the largest share of the ~$130T public equities market.

📈 Decentralized Exchanges Begin to Overtake Centralized Ones, Signaling a Shift in Perps Liquidity

One of the defining shifts of 2025 has been decentralized exchanges beginning to erode the dominance of centralized venues, particularly in perps. In the third quarter of 2025, Solana DEX volume surpassed CEX volume, a milestone driven largely by growth in onchain perps. The crossover highlights a structural change, where leverage and liquidity are concentrating. The trend is expected to extend to other chains, even as DEX perps face headwinds following the Oct. 10 flash crash. Market activity suggests these events slowed momentum but did not reverse the underlying shift.

🎧 Top Crypto Podcasts of The Week

Here are the crypto podcasts that are worth listening to this week...

1. Bankless - 27 Crypto Predictions for 2026 (Ethereum Renaissance, BlackRock Chain & More)

2. The Defiant - Ethereum’s “HTTP Moment” with Marissa Posner & Yoav Weiss

3. Coin Bureau - Crypto’s Next Catalyst: China

4. Forward Guidance: Why This Isn’t A Bubble & Early 2026 Looks Like Goldilocks | Warren Pies

5. Unchained: Crypto’s 2025 Was Unhinged! Here’s Everything That Happened, Part 1

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Join our Telegram Channel here to chat with our community, ask questions, and learn more about the future of money as we move to a decentralized internet and the creation of a new open global monetary system that works for everyone.

💬 The People We’re Following Closely on Twitter

1. Vitalik Buterin

2. Justin Drake

3. Hayden Adams

4. Hasu

5. Ryan Adams

6. Vance Spencer

7. Camila Russo

8. Ryan Selkis

9. Anthony Sassano

10. Lyn Alden

11. Gavin Wood

12. Cathy Wood

13. Beniamin Mincu

14. Barry Silbert

15. David Hoffman

16. Preston Pysh

17. Willy Woo

18. Ultra Sound Money List

19. Polkadot Ecosystem List

📚 How To Get Started With Crypto Learning

1. Crypto: Explain It Like I’m 5 (Article)

2. The Infinite Machine by Camila Russo (Book)

3. Crypto Theses for 2021 by Messari (PDF)

4. Bankless - The DeFi community (Substack + Podcast + Discord)

5. Understanding Polkadot - The Next Generation Blockchain Tech (Website)

6. The Ethereum 2.0 Report from Messari (PDF)

7. Blockgeeks Video Tutorials (Video)

8. The Coinstack Website (Website)

9. 2008 Bitcoin Whitepaper (PDF)

10. 2013 Ethereum Whitepaper (PDF)

📰 The Coinstack Newsletter:

Tracking the most important blockchain stories of the 2020s, including a decentralized internet and the creation of a new open global monetary system that works for everyone. As always, published for informational purposes only. Please do your own research. Just our opinions. Not intended as financial advice as we are not financial advisors. We may own some of the digital assets we write about as we believe strongly in the sector. Please do your own research. Published and written weekly by Ryan Allis and Mike Gavela.

Coinstack is a news and analysis newsletter for the digital asset industry. None of the information here is a recommendation to invest in any securities or other types of investments. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in loss.

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