- The UNI token from Uniswap rose 5% to $6.65, bucking a broader crypto market decline.
- Strategy (MSTR) acquired 4,020 Bitcoin for $427 million, increasing its total holdings to more than 580,000 BTC.
- The new CEO of SCB10X sees strong investment opportunities in AI and crypto across Asia and the U.S.
- Trader James Wynn switched from major bitcoin trades to high-risk memecoins, placing a $1 million bet on Pepe.
- Bitcoin remains near record highs, while Gold and major Asian stock indices saw slight declines.
Uniswap‘s UNI token rose from $6.00 to $6.65 over the past 24 hours, increasing by 5% while most of the crypto market fell. The price gain comes as Uniswap saw its highest monthly trading volume since February, processing more than $73 billion in transactions. Institutional interest is growing, and a major investor recently returned by buying nearly $4 million worth of UNI.
Strategy (MSTR), the largest public holder of bitcoin, purchased an additional 4,020 BTC between May 19 and May 25 for about $427 million. Its total holdings now exceed 580,000 BTC, worth over $40.6 billion, with an average purchase price of $69,979 per coin. These acquisitions were funded through equity sales, including common and preferred stock.
Kaweewut Temphuwapat, the new CEO of SCB10X—the venture division of Thailand’s SCB bank—told CoinDesk, “We definitely [are] going more on AI and also crypto and AI plus crypto.” He stated that clearer U.S. crypto rules could drive more investments into Asia. Temphuwapat also highlighted SCB10X’s early stake in Ripple and noted Thailand’s banking sector may soon be able to hold crypto assets directly, starting with small-scale regulatory sandboxes.
Pseudonymous trader James Wynn shifted from making billion-dollar bitcoin trades to betting on memecoins. Wynn recently bet $1 million on the Pepe coin using leverage. Earlier, Wynn closed a $1.2 billion bitcoin long position with a $17.5 million loss, then opened a $1 billion bitcoin short that briefly earned $3 million before exiting. Wynn now reports a $25 million total profit from an original $3 million investment and has already gained around $500,000 from the latest Pepe trade as the coin rallied nearly 6%.
Bitcoin is stabilizing at high levels around $109,000 despite market volatility from tariff news, as long-term holders continue to accumulate. Ethereum remains strong above $2,500, supported by institutional investment in Ethereum-backed exchanged-traded funds. Gold saw a small dip—trading above $3,310—while the Hang Seng index in Hong Kong opened lower and Japan’s Nikkei 225 fell slightly after U.S. tariff announcements. The U.S. S&P 500 market remained closed for Memorial Day.
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