GM, Crypto Briefers!

Bitcoin lost its grip on the $70K level early Wednesday as unexpectedly strong US jobs data crushed hopes for aggressive Fed rate cuts. The Bureau of Labor Statistics reported 130K jobs added in January, nearly double expectations, sending bond markets into reset mode. The result? Traders now expect just two rate cuts this year instead of three. Bitcoin, already low on momentum, slid to $66K on the news, with majors following.

But the real winner of the day was Uniswap. BlackRock and Securitize unveiled a direct integration of BUIDL, BlackRock’s tokenized US Treasury fund, with Uniswap’s DeFi infrastructure, marking the asset manager’s first direct dive into onchain trading. The move sent UNI soaring 20% and signaled a deeper convergence between traditional finance and DeFi’s liquidity rails.

Markets

Data powered by CoinGecko.

Bitcoin slides after BLS reports 130K jobs added in January

Bitcoin slipped below $70K early Wednesday, dropping to $66K after January jobs data crushed rate cut optimism. The US economy added 130K jobs last month, nearly double economist forecasts of 68K. The unemployment rate also fell to 4.3%, beating expectations. While the data signals strength in the labor market, it dampens hopes for monetary easing, traders are now pricing in just two cuts this year. 

Equities wobbled after a modest initial bump, while crypto majors slid alongside BTC. ETH fell near $1,900, SOL hit $78, and XRP dropped to $1.38. One standout: ZRO jumped 37% after LayerZero announced its new L1 chain, backed by Citadel and ARK.

BlackRock partners with Uniswap and Securitize for onchain BUIDL trading, UNI rallies 20%

BlackRock is bringing its $2.4 billion tokenized Treasury fund BUIDL directly to DeFi via UniswapX. In a new partnership with Uniswap Labs and Securitize, BlackRock will enable whitelisted institutional participants to trade BUIDL shares onchain using smart contracts and UniswapX’s offchain RFQ order routing. 

Trading will be facilitated via Securitize Markets, which handles compliance and whitelisting. BlackRock also disclosed it has purchased UNI tokens, sending UNI up 20% following the announcement. This is the first time BlackRock is directly using decentralized infrastructure to trade tokenized assets. The move reflects growing overlap between regulated funds and DeFi rails, especially as BUIDL continues to expand across public blockchains like BNB Chain and Solana.

Data powered by cookie.fun

$GLORIA CHECK-IN

Behind the scenes or on the terminal, Gloria keeps working, just stay locked in.

Other news

• TRON DAO advances stablecoin dialogue at digital assets at Duke Conference
• Franklin Templeton, Binance debut off-exchange trading framework for institutions
• Ripple partners with major asset manager Aviva Investors to tokenize traditional funds on XRP Ledger

Catch you in the next one. More coverage is now easier to find on the new site.

Estéfano