UNI Surges Over 30% as BlackRock Plans Token Purchase

UNI jumped as much as 25% to $4.11 before retreating to $3.35 after BlackRock announced it would list its $2.2 billion tokenized U.S. Treasury fund, BUIDL, on Uniswap and take a strategic stake in the exchange and its governance token. The move represents the first time the world’s largest asset manager has listed a tokenized product on a decentralized exchange and directly invested in a DeFi governance token. The listing enables qualified investors, verified by Securitize, to access Treasury yields through Uniswap via UniswapX, an offchain quoting system that settles trades onchain. Meanwhile, Bitcoin hovered near $67,800 despite a stronger-than-expected U.S. jobs report showing 130,000 new jobs versus 70,000 expected, which pushed Federal Reserve rate-cut expectations to July. Derivatives data showed stabilizing bearish momentum, neutral-to-positive funding rates, $15.8 billion in open interest, and a rise in short-term downside hedging, with $342 million in 24-hour liquidations across major tokens.