According to Odaily Planet Daily, the decentralized exchange Uniswap Foundation has proposed establishing a new legal entity for its governance organization, adopting the Wyoming Decentralized Unincorporated Nonprofit Organization (DUNA) framework. The proposal would allocate $16.5 million worth of UNI tokens to the new entity, DUNI, to cover past tax and legal defense budgets. The new entity reportedly does not alter the Uniswap protocol, token, or governance structure, and fee revenue cannot be directly distributed to UNI holders. (The Block)

According to Onchain Lens, a whale/institution has increased its holdings of 12,020 ETH, valued at $51.51 million, through FalconX. The whale currently holds a total of 233,186 ETH, valued at $1 billion, spread across seven different wallets.

According to Odaily Planet Daily, Arkham published a post on the X platform disclosing transaction data showing that the whale address 0x235 bought $123.9 million worth of ETH through Galaxy Digital OTC in the past 24 hours.

Odaily Planet Daily News: According to people familiar with the matter, Bullish, a cryptocurrency trading platform backed by Peter Thiel, will accept subscriptions for its US IPO starting at 16:00 Eastern Time on Monday and is expected to be significantly oversubscribed. Bullish has reportedly increased the size of its initial public offering (IPO), now targeting a valuation of up to $4.82 billion. The new plan calls for selling 30 million shares at a price between $32 and $33 per share. At the top end of the range, Bullish could raise approximately $990 million, an increase from its earlier plan to sell 20.3 million shares at a price between $28 and $31 per share.

Odaily Planet Daily reports that Bitfinex has released its Alpha Report, which notes that macroeconomic factors determine Bitcoin prices. The recent rebound, coupled with steady increases in holdings by cryptocurrency fund managers (currently holding nearly $90 billion in digital assets), has restored short-term confidence, pushing prices above the range high near $119,500. However, the sustainability of this breakout above resistance remains to be seen. Currently, prices are fluctuating around the short-term holding cost basis of $106,709, indicating a "modest but not overheated" market, consistent with a mid-term bull market. After months of calm in financial markets, shifts in trade policy, evolving bond market dynamics, and weak economic data are setting the stage for more volatility at the end of the year. Impending US tariffs could raise costs, disrupt supply chains, and weigh on employment, while rising term premiums in the bond market (currently at 0.65%) signal heightened uncertainty about future Federal Reserve policy, particularly if inflation accelerates following the tariffs.

Odaily Planet Daily News: US President Trump officially declared a public safety emergency in Washington, DC, and he said he would mobilize the military if necessary.