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Blackrock, Blackrock, Blackrock...
Uniswap, the top decentralized exchange, has surpassed $3 trillion in all-time trading volume, marking a major milestone in DeFi. Launched in 2018, it hit $1T in 2022, $2T in 2024, and added the third trillion in under a year. With daily volumes of $3.3B and a 23% DEX market share, Uniswap's success is fueled by innovations like Unichain, multi-chain support, and adoption of Ethereum’s EIP-7702 for enhanced security and usability.
US Consumer Confidence plunged in April before the Tariffs recent deals!
U.S. consumer confidence plunged in April, with the Expectations Index dropping to 54.4—the lowest since October 2011—signaling potential recession risks. The survey, ending April 21, didn’t reflect recent tariff resolutions. A major gap exists between consumers' current assessment and future expectations.
Fewer consumers expect improved business conditions or job availability, with 34.8% expecting conditions to worsen. These pessimistic outlooks mark a 13-year low, making May’s reading crucial for understanding future consumer sentiment trends.
Stablecoins: A Major Boom But Possibly Without Big Tech
The stablecoin sector is rapidly evolving, with increasing media coverage and legislative focus. The reintroduced GENIUS Act, aimed at regulating stablecoins, includes controversial provisions that could bar Big Tech companies like Meta, Amazon, and Google from issuing or holding stablecoins.
Critics argue this favors traditional banks, which lobby against stablecoins due to their disruptive potential. The debate highlights the tension between outdated regulatory frameworks and emerging digital finance technologies, with decentralization seen as the long-term solution.
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The Legality of Cryptocurrency in Different Countries Around the World
This post by Faiz discusses how different countries approach cryptocurrency legality and taxation. The U.S. and U.K. treat crypto as property and tax it accordingly, while Germany offers tax-free benefits for long-term holders. In contrast, India imposes heavy taxes, treating crypto harshly.
Australia provides a tax discount for long-term holders and treats crypto as an asset. As crypto evolves, many governments are adapting, though countries like China remain resistant to decentralization and crypto adoption.