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Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Uniswap Burns 100M UNI: Uniswap permanently burned 100M UNI after a governance vote, cutting supply and making the token deflationary.

2. Bitcoin vs Gold Debate: Analysts note Bitcoin’s massive outperformance versus gold and silver over the past decade, driven by its fixed supply. Critics argue BTC has lagged recently while gold hit new highs.

3. Ubisoft Siege Credit Hack: Ubisoft shut down Rainbow Six Siege after an exploit flooded accounts with billions in credits. Servers were rolled back to restore the in-game economy, with no penalties for players.

4. 💡Feature of the Day - Armstrong Draws Stablecoin Line: Coinbase CEO Brian Armstrong warned that reopening the GENIUS Act would harm crypto innovation. He accused banks of blocking stablecoin rewards to protect traditional savings products.

   
   All this and more in today’s headlines!

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📰 News Highlights:

Uniswap Burns 100M UNI [Source][Source][Source]

Uniswap has permanently burned 100 million UNI tokens—worth roughly $596 million—after a near-unanimous governance vote approving the UNIfication proposal. The move reduces total supply to around 730 million UNI and officially turns the token deflationary.

A newly activated fee mechanism now redirects a portion of protocol fees from Uniswap v2 and v3 toward buying and burning UNI, directly tying token value to platform usage. The market reacted positively, with UNI’s market cap jumping about 5% following the burn.

Beyond token economics, Uniswap is also restructuring operations. Uniswap Labs has dropped interface fees to zero and consolidated much of the Foundation’s teams to streamline development across Unichain and v4.

To balance deflation with ecosystem growth, the Foundation has allocated 20 million UNI as a dedicated Growth Budget for grants and developer support. The shift signals a long-term bet on protocol adoption rather than short-term revenue extraction.

Bitcoin vs Gold Debate [Source][Source][Source]

Bitcoin has dramatically outperformed traditional precious metals over the past decade, according to analyst Adam Livingston. Since 2015, BTC has surged over 27,700%, compared to silver’s 405% and gold’s 283%.

Analysts argue Bitcoin’s fixed supply of 21 million coins gives it a structural edge over commodities, where rising prices typically lead to increased production and diluted scarcity.

Critics like Peter Schiff push back, noting Bitcoin’s sideways price action over the past four years while gold reached new all-time highs in 2025. Still, a weakening US dollar—down nearly 10% this year—could benefit all scarce assets as the Federal Reserve eases policy.

Whether investors favor digital or physical scarcity, the broader macro environment suggests demand for stores of value is accelerating.

Ubisoft Siege Credit Hack [Source][Source][Source]

Ubisoft has suspended Rainbow Six Siege services after a major breach flooded player accounts with 2 billion in-game credits each. The exploit effectively broke the game’s economy, forcing Ubisoft to shut down servers and initiate a full rollback to undo unauthorized transactions. The company confirmed players will not be penalized for spending the illegitimate credits during the incident.

The rollback is being handled cautiously to avoid wiping legitimate progress, with Ubisoft conducting a detailed account-by-account audit. The game is currently running in a limited soft-launch while final checks are completed.

The incident highlights both the risks of centralized game economies and the unique ability of publishers to “reset” systems—something far more complex in decentralized environments.

💡 Feature of the Day: 

Armstrong Draws Red Line [Source]

Coinbase CEO Brian Armstrong has warned that reopening the GENIUS Act would cross a “red line” for the crypto industry. He accused traditional banks of lobbying to block stablecoin reward programs, arguing they feel threatened by platforms offering users yield alternatives to near-zero-interest savings accounts. The GENIUS Act currently bans issuers from paying interest directly but allows third-party platforms to share revenue.

At the same time, lawmakers are proposing measures to encourage real-world crypto use, including exempting stablecoin transactions under $200 from capital gains taxes. The clash reflects a growing divide in Washington between bank-backed restrictions and pro-crypto adoption efforts. For Coinbase, preserving the GENIUS Act as written is critical to keeping the US competitive in digital asset innovation.

😂 Crypto Meme of the Day: 

Meme of the day provided by @Seaworthiness-Klutzy

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com