Just In: Uniswap Hit with Patent Lawsuit Over Alleged Use of Bancor’s CPAMM Tech

Monicah W

Bancor has filed a patent infringement lawsuit against Uniswap Labs and the Uniswap Foundation, raising concerns across the decentralized finance (DeFi) sector. Bancor Accuses Uniswap of Unauthorized Use of Technology Bancor’s nonprofit arm, Bprotocol Foundation, and LocalCoin Ltd. have jointly filed a lawsuit against Uniswap. The legal complaint was submitted to the U.S. District Court for the Southern District of New York. According to the filing, Uniswap Labs and the Foundation are accused of using Bancor’s patented constant product automated market maker (CPAMM) technology without permission. Bancor claims the technology was invented in 2016 and is central to how decentralized exchanges operate without centralized order books. The developers behind Bancor stated that they filed a U.S. provisional patent application in January 2017. The filing reportedly led to two granted patents covering the CPAMM structure, which Bancor says powers its automated token swaps onchain. This Is A Developing Story, Please Check… Read More at Coingape.com

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Breaking: Gemini Adds Ripple Stablecoin RLUSD

Breaking: Gemini Adds Ripple Stablecoin RLUSD

Crypto exchange Gemini has listed Ripple’s stablecoin, RLUSD, for trading. The move was confirmed in a recent announcement by the exchange, stating that deposits and withdrawals are now enabled for the asset.

Gemini Lists Ripple Stablecoin RLUSD

According to an X post, crypto exchange Gemini has enabled trading, deposits, and withdrawals for RLUSD. The announcement follows a cryptic message earlier in the day that drew attention from the XRP community due to a coded reference to RLUSD.

The message included a stylized sentence—“futures are brighteR when we buiLd Up System that upgraDe finance”—with specific capitalization of the letters “R, L, U, S, D.” This acrostic has led users and analysts to believe the post was an intentional nod to Ripple’s dollar-backed stablecoin.

Digital asset commentator Amelie shared the post on social media, stating, “Gemini seems to be subtly acknowledging RLUSD.” While Gemini has not officially confirmed whether the embedded message was intentional, RLUSD’s listing now brings the total number of exchanges offering the token to 15.

RLUSD Adoption Expands Across Exchanges

Before its listing on Gemini, RLUSD was already available on several digital asset platforms. These include Uphold, Moonpay, B2C2, Keyrock, Coinmena, Archax, Bitso, JST Digital, Independent Reserve, Bullish, MB, Zero Hash, Revolut, and Bitstamp.

Ripple’s website confirms that these platforms support RLUSD for a range of financial services. These include trading, payments, and broader financial utility for both retail and institutional users. With the addition of Gemini, RLUSD’s availability now covers more geographical regions and user bases.

By expanding exchange support, Ripple aims to make RLUSD accessible to users involved in different use cases. These include cross-border transactions, stablecoin custody, and crypto-to-fiat conversions.

Ripple Donates $25M in RLUSD to US Education

On May 5, 2025, Ripple announced a $25 million donation in RLUSD to benefit public education across the United States. The donation will be distributed through DonorsChoose and Teach For America. These nonprofits support K–12 classrooms and teacher training programs in underserved communities.

The funds are being used to buy school supplies, digital tools, and classroom technology. Teachers will also receive direct support to improve educational delivery. Ripple stated that this move is part of its ongoing commitment to promoting financial literacy and equitable access to education.

A representative from Ripple said, “We’re proud to partner with these organizations and help support thousands of classrooms with RLUSD.” The use of the stablecoin in philanthropic efforts also serves to demonstrate its functionality outside of trading platforms.

RLUSD Integration and Institutional Use Grows

Ripple has integrated RLUSD into its enterprise payment product, Ripple Payments. The stablecoin will be used by select financial institutions to streamline cross-border treasury operations. This aims to increase the reliability and speed of cross-border payment processing amid the increasing calls for stablecoin regulations.

Ripple also announced the acquisition of Hidden Road, a prime brokerage firm, for $1.25 billion in April 2025. According to Ripple, RLUSD will be used as collateral within Hidden Road’s trading and settlement services for institutional clients.

This acquisition is seen as part of Ripple’s broader push into institutional finance. The firm plans to expand RLUSD’s role in professional trading and brokerage services by embedding it into risk management and liquidity strategies.

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Ethereum Withdrawals Plunge to 7-Month Low—Will Prices Tumble Below $2,000?

Ethereum’s inability to establish a strong foothold above $2,000 continues to dampen investor sentiment, causing many traders to keep their assets liquid in case of a potential selloff. 

This cautious stance is reflected in ETH withdrawals from exchanges, which have plunged to a seven-month low.

ETH Exchange Activity Signals Growing Bearish Sentiment

An assessment of Ethereum’s exchange transaction dominance shows a significant decline in ETH withdrawals since late January. According to Glassnode, ETH’s exchange withdrawal transactions totaled 59,755 coins on Tuesday, marking its lowest single-day count since August 31. 

Ethereum Exchange Transaction Dominance
Ethereum Exchange Transaction Dominance. Source: Glassnode

When ETH withdrawals from exchanges drop, it means fewer investors are moving their holdings to private wallets or cold storage. This suggests they are not planning to hold the coin long-term. Instead, they are keen on keeping their ETH coins on exchanges; a trend that signals a readiness to sell.

At the same time, ETH deposits have climbed, confirming the increasing selling pressure in the market. According to Glassnode, the number of ETH coins sent to exchanges has surged by 10% since the beginning of March.

Ethereum Exchange Transaction Dominance.
Ethereum Exchange Transaction Dominance. Source: Glassnode

When an asset’s exchange deposits spike like this, more investors are moving their holdings onto exchanges, often in preparation to sell. As bearish sentiment grows weaker, these coins are sold for profit, putting more downward pressure on ETH’s price. 

Will ETH’s Uptrend Hold? Bulls Face Resistance at $2,148

At press time, ETH is trading at $2,073, marking a 3% gain over the past week as part of the broader market recovery. 

On the daily chart, the leading altcoin follows an ascending trendline, signaling sustained price growth. If bullish momentum intensifies and exchange withdrawals increase while deposits slow, ETH could maintain this trend and reclaim the $2,148 level. 

ETH Price Analysis
ETH Price Analysis. Source: TradingView

However, if exchange activity remains unchanged and selling pressure rises, ETH risks breaking below the ascending trendline, potentially falling to $1,759.

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Top 3 Made In USA Coins For The Second Week of April

Solana (SOL), EOS, and Jupiter (JUP) are three Made in USA coins making headlines this week with sharply different trajectories. Solana has dropped below $100 amid market volatility and tariff-driven uncertainty.

EOS is up nearly 15% over the past seven days, standing out as one of the few large-cap gainers. Jupiter remains the top crypto aggregator by volume, even as its price hovers near all-time lows.

Solana (SOL)

Solana has dropped over 10% in the past 24 hours, briefly dipping below the $100 mark earlier today.

The sharp decline reflects broader weakness across the crypto market, with SOL struggling to maintain key psychological support levels amid volatility caused by Trump’s tariffs.

Over the past week, SOL has lost more than 18% of its value and was recently overtaken by Ethereum in decentralized exchange (DEX) volume—a space where it had led for months.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

If bearish momentum continues, SOL could retest the $95 support level, with a break below opening the door to further downside toward $90.

However, if the trend reverses, the token could push toward resistance at $112, and a decisive breakout there might see it rally to $124 or even $136 on strong bullish momentum, making Solana recover its position as one of the most important made in USA coins.

EOS

While most major cryptocurrencies have struggled, EOS stands out as one of the few Made in USA coins posting gains this week, climbing nearly 15% over the past seven days.

Its market cap has now approached $1.1 billion, putting it in close range of notable players like Maker, Story, Optimism, and Arbitrum.

EOS Price Analysis.
EOS Price Analysis. Source: TradingView.

If this upward momentum holds despite the broader market correction, EOS could push higher to test resistance around $0.88, with potential to break above $0.90 and even challenge the $1 mark.

However, if sentiment shifts and EOS follows the market downturn, it could fall back to support at $0.67. If that level fails, further declines toward $0.59 or even $0.54 may be in play.

Jupiter (JUP)

Jupiter, Solana’s top aggregator, has seen its market cap drop below $1 billion after falling more than 10% in the past 24 hours, now trading dangerously close to its all-time lows.

Despite the price drop, Jupiter remains the dominant aggregator in crypto, posting an impressive $8.98 billion in trading volume over the past week—more than the next nine aggregators combined.

JUP Price Analysis.
JUP Price Analysis. Source: TradingView.

It also ranked as the fourth-largest protocol by fees in the last seven days, generating $14 million, trailing only Tether, Circle, and Pump.

If the downtrend continues, Jupiter could slip below the $0.30 mark, setting new lows; but if it regains bullish momentum, the token may climb to $0.35, $0.41, and potentially retest the $0.50 level.

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