Ethereum News: Uniswap Launches Unichain and BinoFi Introduces Hybrid Exchange

In the ever-evolving world of cryptocurrency exchanges, two major developments are capturing the attention of the market. Uniswap, a leading decentralized exchange (DEX), has launched Unichain, a Layer 2 solution designed to enhance trading speed and reduce costs on the Ethereum network. Simultaneously, BinoFi, a newcomer to the scene, is introducing a hybrid exchange that combines the best of centralized and decentralized trading.

Uniswap Launches Layer2 Unichain, BinoFi Introduces Hybrid CEX/DEX Exchange

Uniswap has launched Unichain, a new layer to enhance trading speed and reduce costs on Ethereum. Meanwhile, BinoFi, a new player, is introducing a hybrid crypto exchange that combines centralized and decentralized trading. Analysts are buzzing about BinoFi’s token, BINO, priced at $0.02. The crypto community is closely watching these developments as Uniswap upgrades its platform and BinoFi brings a fresh approach to the market.

Ethereum Investors Adjust Amid Price Dip

Ethereum investors have been actively managing their positions during the latest price fluctuations. After Ethereum’s price surged to $2,500, it retraced to around $2,050. According to blockchain analytics firm Glassnode, investors have been strategically moving capital across different price levels, positioning themselves to navigate the dip effectively. Glassnode’s three-month analysis reveals that investors who acquired ETH at $3,500 made substantial adjustments in February, repositioning themselves around the recent low of $2,050. Their current holdings of 1.75 million ETH are now at an average cost basis of $3,200.

Ethereum Price Drops as Whale Buys 4,993 ETH—Breakout Incoming?

Ethereum price remains volatile as whales continue accumulating large amounts of ETH. Data from Lookonchain reveals that a whale known as “7 Siblings” recently purchased 4,993 ETH for $10.36 million at an average price of $2,075. This whale now holds over 1,157,000 ETH worth approximately $2.4 billion across two wallets, signaling strong confidence in Ethereum’s price potential despite recent market declines. Large-scale buying activity suggests that institutional and high-net-worth investors see long-term potential in Ethereum.

Pond.fun Suffers Insider Attack, 64.8 ETH Stolen

Pond.fun, a meme coin launchpad operating on the Linea platform, experienced a significant security breach on March 5, 2025. The platform’s lead engineer stole 64.8 ETH, which were then laundered through Railgun, a privacy-focused protocol. Pond.fun is working with Chainalysis and Elliptic to recover the funds and prevent liquidation. Evidence on-chain and off-chain points to the perpetrator being a software engineer on Pond.fun’s team.