UNI trades at $8.91, up 0.65% in 24 hours as Bitcoin recovers above $86,000. The move comes as SMBC Nikko Securities, Japan’s third-largest securities firm, signs a memorandum of understanding with Uniswap Labs, Base and the Nyx Foundation to develop a DeFi (decentralized finance) Gateway for Japan. The platform is targeted for a mid-2027 onchain launch and is expected to use Uniswap v4 Hooks (programmable pool logic) to build liquidity pools aligned with anti-money laundering and counter-terrorism financing rules. Development updates will be shared with Japanese regulators, including the Financial Services Agency. Nethermind will share technical leadership with SMBC Nikko, covering engineering, artificial intelligence strategy and smart contract (self-executing blockchain code) security audits. Uniswap open interest stands at $915 million, down from $971 million at the end of September but above $491 million in mid-September. Positive funding rates show long-position traders are still paying fees, while Binance’s long/short ratio has fallen from 1.86 to 1.57. Analysts are watching resistance near $10.30, with shorter-term chart patterns pointing to possible targets at $11 and $11.50 if resistance breaks. Momentum indicators remain mixed, with MACD below its signal line and RSI at 60.27. Liquidation concentrations sit near $8.85 and between $9.35 and the upside, while UNI must reclaim $9.16 and clear $9.35 to build a base for a move toward $10.30.