Uniswap Adds Permissionless Bridging to Nine Networks

Uniswap Labs has introduced permissionless bridging via its interface and wallet, supporting networks like Ethereum, Base, Arbitrum, and others. The new feature, powered by Across Protocol, allows seamless asset transfers between chains, addressing the cumbersome process of using external bridges and unfamiliar interfaces that users previously faced.

This comes as Uniswap has seen its market share of decentralized trading decline in recent months. With bridging being one of the top user requests, this update is expected to enhance Uniswap's functionality and user experience.

The company conducted a poll in July, which revealed that bridging ranked as the most requested feature, surpassing other anticipated updates such as limit orders on Layer 2 networks.

‍

Polymarket Investigates Whales as US Election Betting Soars

The top decentralized predictions platform, Polymarket, is reviewing the details of its users, particularly large bettors, to ensure compliance with its rules barring US residents from participation. Concerns have been raised that US users are using VPNs to bypass the platform's restrictions, prompting Polymarket to strengthen its due diligence efforts.

This scrutiny comes as betting on the 2024 US presidential election heats up, with Trump currently favored by Polymarket users at 63.7%. Billionaire Mark Cuban stated that most of the funds are from foreign users, skewing the market's reflection of US voter sentiment. Despite this, Trump continues to lead Harris across crypto prediction platforms.

‍

Truth Terminal Pumps Coinbase CEO's Dog Meme Coin

A humorous exchange on X involving Coinbase CEO Brian Armstrong and the AI bot Truth Terminal sparked an unexpected 500% surge in the price of the $Russell meme coin. The bot queried Armstrong about his dog, Russell, which some believe to be a reference to Armstrong's own pet, possibly a Jack Russell Terrier.

While completely unrelated to Armstrong, the mention of "Russell" was enough to send the meme coin skyrocketing to a $7.5 million market cap before crashing by 60%. A similar event occurred with the Goatseus Maximus (GOAT) token, which saw its value soar by 8,000% after being promoted by the same AI bot this month and started the whole meme AI crypto projects cult.

‍

Nigeria Drops Charges Against Binance Executive

The Nigerian government has finally dropped money laundering charges against Binance executive Tigran Gambaryan, who had been detained in the country since February. The decision to drop the charges comes after Gambaryan was denied bail on medical grounds, despite suffering from serious health issues during his detention.

While the charges against Gambaryan have been dropped, Binance still faces money laundering charges, which will be pursued separately. Gambaryan’s detention and health struggles have drawn widespread attention, with his family and Binance’s CEO calling for his release. The US Foreign Affairs Committee also passed a resolution demanding Gambaryan's release.

‍

Data of the Day

Bitcoin's whale activity has climbed to its highest level since January 2021, with 1,678 large entities now holding at least 1,000 BTC, according to Glassnode data. Meanwhile, retail investor accumulation has slowed, with holdings increasing by just 1,000 BTC over the last 30 days, compared to 173,000 BTC added by larger investors.

Bitcoin briefly touched $69,000 earlier in the week before pulling back, and analysts believe the path of least resistance remains to the upside. Crypto options exchange, Deribit points to potential targets of $80,000 to $100,000 before the end of the year.

‍

More Breaking News

• Denmark proposes a 42% tax on unrealized capital gains on crypto from 2026, affecting both new and old crypto since the genesis block of Bitcoin in 2009.
• Michael Saylor backtracked on his statement that Bitcoin should be held by big banks, reaffirming his support for self-custody and choice of custodian.
• Metaplanet raised 10 billion yen ($66M) from shareholders, increasing its Bitcoin holdings to 855.478 BTC after purchasing an additional 106.976 BTC recently.
• Spot Bitcoin ETFs saw $79 million in outflows on Tuesday after $2.6 billion of inflows, with Ark’s, while BlackRock’s IBIT added nearly $43 million.
• Ether’s price fell 6.5% from its $2,768 high, as bearish indicators emerged, including increased supply on exchanges and weakening network activity.
• zkLink Core DAO delayed the vesting of 40.5% of its total ZKL supply by six months, postponing releases for early investors and team members to April 2025.

For the latest updates on digital asset markets, follow us on X @Datawalletcom.