Why is Uniswap up today?

UNI is up 5.7% over 24 hours to $9.65, outpacing a flat-to-lower bitcoin at $84,052 (-0.6%). The clearest catalyst is regulatory: the SEC published clarifications easing how tokens and staking are classified, a direct read-through for DeFi governance tokens like UNI, on the same day Commissioner Hester "Crypto Mom" Peirce confirmed her resignation. The move extends a longer run — U.Today notes a roughly 72% rally to multi-month highs — leaving UNI up 8.9% on the week and its market cap at $5.99B on $1.05B of volume.

Project-level news supports the bid: Uniswap's v4 developer ecosystem passed 500 registered custom hook deployments, the main gauge of adoption for v4's customizable pool logic.

The backdrop is less friendly. Bitcoin is absorbing a historic bond selloff, with the 10-year Treasury yield at 5.22% and about $1.7B of leverage flushed, while a $350M exploit hit Bitget's wallets. CoinJournal also flags UNI's weekly RSI near 73 after an intraweek high around $10.95, and rising Binance UNI reserves above 71 million tokens.