BlackRock entered the DeFi space by listing its tokenized Treasury fund on Uniswap, as Bitcoin and Ether saw modest gains amidst heavy ETF outflows. Bitcoin ETFs experienced $276 million in outflows on Wednesday and $410 million on Thursday, while Ether ETFs saw $129 million and $113 million outflows on those days, per Farside Investors data. In a silver lining, the current bear market may have hit a critical “halfway point” at $59,930, according to Kaiko Research.
Asset management giant BlackRock ventured into DeFi by launching its tokenized US Treasury fund on Uniswap, a move that could spark institutional adoption of DeFi. BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) will be listed on Uniswap, with the asset manager also buying an undisclosed amount of UNI tokens. The partnership with Securitize facilitated the launch of BUIDL on multiple blockchains, with over $2.18 billion in total assets.
World Liberty Financial, a DeFi platform backed by the Trump family, announced plans to launch a foreign currency exchange and remittance platform called World Swap. This move aims to challenge traditional providers with lower fees and a user-friendly interface. The daily global FX trading volume exceeded $9.6 trillion in April 2025, while personal remittances reached $892 billion annually in 2024, according to data.
A US judge dismissed a patent infringement lawsuit brought by Bancor-affiliated entities against Uniswap, ruling that the patents claimed abstract ideas and were not eligible for US patent protection. Uniswap scored a procedural victory, with the case dismissed without prejudice, allowing the plaintiffs to file an amended complaint within 21 days. Uniswap founder Hayden Adams celebrated the decision and emphasized the meritless nature of the lawsuit.
Binance completed the $1 billion Bitcoin conversion for its SAFU emergency fund, holding 15,000 Bitcoin worth over $1 billion as its core reserve asset. The exchange acquired the last tranche of Bitcoin on Thursday, finishing the conversion in less than two weeks. Binance reaffirmed its belief in Bitcoin as the premier long-term reserve asset and pledged to rebalance the fund if its value falls below $800 million due to volatility.
Ethereum co-founder Vitalik Buterin differentiated between “real” DeFi and centralized yield stablecoins, emphasizing that DeFi’s value lies in transforming risk allocation, not just generating yield on centralized assets. Buterin criticized strategies like “USDC yield” for relying heavily on centralized issuers without reducing issuer or counterparty risk. His comments come amid increasing scrutiny over DeFi’s dominant use cases.
Read more at Cointelegraph: BlackRock Enters DeFi Via UniSwap, Bitcoin Stages Modest Recovery