Cathie Wood's Ark Invest purchased $30.5 million in Circle Internet Group shares on Wednesday across three ETFs. Circle's stock fell 12.2% to $86.3 despite the company reporting third-quarter revenue of $740 million, up 66% year-over-year, and net income of $214 million.

Uniswap's UNI token has gained more than 70% over the past week after the announcement of the UNIfication governance proposal. The plan introduces protocol fee activation and proposes burning 100 million UNI tokens, representing approximately 16% of circulating supply. Whale transactions reached a four-year high while new wallet creation hit a three-year peak.

A major Ethereum holder purchased 30,548 ETH valued at $105.36 million in a single transaction, according to Lookonchain. Since November 4, the whale has accumulated 385,718 ETH totaling approximately $1.33 billion, with roughly $270 million borrowed from Aave. Ethereum currently trades at approximately $3,479, holding just above its 200-day moving average.

Uniswap founder Hayden Adams introduced the UNIfication governance proposal, featuring protocol fee implementation, an $842 million token burn, and a buyback mechanism. UNI surged over 63% within one week, reaching $10 before settling near $8.57. The proposal allocates 0.3% of trading volume between liquidity providers (0.25%) and a buyback pool (0.05%), with projected annual buybacks of approximately $450 million.

Canary Capital submitted an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday, seeking approval for an exchange-traded fund tied to MOG Coin, according to the filing. The submission represents the investment firm's first attempt to launch a fund tracking a memecoin. The ETF may hold up to 5% in Ether to cover transaction costs on the Ethereum network.

Chainlink has declined 30.1% from $22.58 to $15.77 since early October, despite over 63 million LINK tokens leaving exchanges in the past month. Recent price recoveries have triggered profit-taking by holders, suggesting weak bullish conviction and potential for further losses. The pattern indicates investors remain cautious despite ongoing institutional partnerships.

Social engagement metrics for XRP have risen sharply in recent days, data show. The uptick coincides with Canary Capital's submission of a Form 8-A to the U.S. SEC, a registration step preceding potential Nasdaq listing. XRP traded near $2.35 as discussion volume increased across multiple platforms.

Sui Network will launch USDsui, a native stablecoin, in 2025 through Bridge, a Stripe subsidiary. The stablecoin will integrate with Sui's wallets, DeFi protocols, and major platforms to enhance liquidity and cross-platform interoperability. The development connects Sui's blockchain infrastructure with traditional payment systems.