Bitpush editors select Web3 news for you every day:
[ Coinbase : Monad token sale to begin on November 17]
Coinbase announced on social media that the Monad token sale will begin on November 17.
[Monad Announces Token Economics: 7.5% to be Sold at $2.5 Billion FDV, 3% to be Allocated via Airdrop]
Monad announced its token economics model, in which 7.5% of the tokens will be sold at a fully diluted value (FDV) of $2.5 billion, and 3% will be allocated through airdrops. The remaining 89.2% of the tokens will be distributed to the ecosystem, the team, investors, and the treasury.
[ JPMorgan Private Bank: Gold prices could reach $5,200-$5,300 by the end of 2026]
JPMorgan Private Bank says the strong upward momentum in gold could push prices above $5,000 an ounce next year, driven primarily by continued buying from central banks in emerging market economies.
Alex Wolf, the bank's global head of macro and fixed income strategy, pointed out that gold prices could reach $5,200 to $5,300 by the end of 2026, more than 25% higher than current trading levels. Global central bank gold purchases have been a key driver of the sharp rise in gold prices over the past two years. Policymakers seeking a store of value and asset diversification pushed gold prices to a record high of over $4,380 in October this year. Although prices have retreated somewhat in recent weeks, they are still up more than 50% year-to-date.
Wolf stated that gold still represents a relatively small proportion of foreign exchange reserves for many central banks, especially in emerging market countries. He added, "We are still seeing them increasing their gold holdings, although the pace of purchases may slow due to rising prices."
Republic Technologies receives $100 million in zero-coupon convertible bonds to increase its Ethereum holdings.
According to The Block, Republic Technologies (Canadian Stock Exchange: DOCT) announced on Monday that it has secured $100 million in zero-coupon convertible bonds from a leading institutional investor to expand its validator node business and increase its Ethereum holdings. More than 90% of the funds raised will be used to acquire ETH, with the initial $10 million tranche already launched.
Republic revealed that the transaction includes 50% warrant coverage, all priced at market value, avoiding the deep discount problem that previously plagued peers such as BitMine Immersion and BTCS, and defined the terms as "cash flow neutral," allowing them to deploy capital without debt repayment.
[ Uniswap Labs and the foundation proposed activating a fee switch and a UNI burning mechanism; UNI's price surged nearly 38% in 24 hours.]
According to The Block, Uniswap is planning to activate the protocol fee switch based on the “UNIfication” governance proposal submitted Monday by Uniswap Labs and the Uniswap Foundation.
The plan aims to reduce the supply of Uniswap's native UNI token by activating a burning mechanism. The "UNIfication" plan employs a multi-pronged approach to reduce token supply. Firstly, it utilizes protocol fees earned by the Uniswap decentralized exchange and the Unichain sorter to burn tokens. Secondly, it directly burns the existing 100 million UNI tokens in the Uniswap treasury, which should have been burned after the fee switch was activated at token issuance. Simultaneously, the proposal will prevent Uniswap Labs from earning fees through its interface, wallet, and API; its Ethereum frontend has already earned a cumulative $137 million. Currently, the percentage of fees used for token burning is unclear, but Uniswap's annualized revenue across all versions is expected to exceed $2 billion. In addition to implementing a plan to reward token holders, the "UNIfication" plan will merge the non-profit Uniswap Foundation into the Labs responsible for developing the protocol and Unichain L2.
According to Coingecko data, the price of UNI token is currently $9.01, up 37.9% in the last 24 hours.
Square launches Bitcoin payment functionality, allowing merchants to choose between BTC or fiat currency for settlement.
According to Square's official announcement, its Bitcoin payment function has been officially launched, and merchants can now choose four payment methods: BTC → BTC, BTC → Fiat, Fiat → BTC, or Fiat → Fiat.
Square founder Jack Dorsey stated on the X platform that this feature allows sellers to receive Bitcoin directly to their Square wallets or choose to automatically convert it to USD for settlement, marking the formal integration of Bitcoin payments into the mainstream merchant system.
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