Uniswap's price analysis indicates a bullish trend as the crypto asset has risen above the $5.00 level. The market sentiment is shifting as buyers attempt to push the UNI/USD pair higher. The bulls have been in control since UNI set the support level at $5.04. The UNI/USD pair is currently trading at $5.09, marking a 1.01% increase over the past 24 hours. The technical indicators suggest that the bulls are still in control of the market, but a pullback towards the $5.04 support level is likely if the sellers gain control.

Bitcoin miner fees remain high compared to previous years, with miners currently receiving around 70 Bitcoin per day, equivalent to $1.8 million. Prior to the emergence of Ordinals and BRC-20 tokens this year, miners typically received around 20 Bitcoin daily. According to Glassnode data as of June 2, fees account for approximately 8% of miner revenue, but during the peak demand for BRC-20 tokens, this figure rose to as high as 50%. Despite concerns about the impact of high fees on the Bitcoin network, the ongoing elevated fees have resulted in a healthy miner balance.

Shiba Inu's native Decentralized Exchange (DEX), ShibaSwap, has experienced a significant decrease in its Total Value Locked (TVL) from $1.75 billion to $25.16 million, indicating a lack of interest from investors. This has led to a decrease in revenue and fees generated, as well as speculation about a liquidity squeeze. On-chain data shows that while retail investors are increasing their SHIB token holdings, larger holders are cutting their balances, possibly due to profit-taking and a lack of confidence in SHIB's future performance. Additionally, SHIB's trading volume has been consistently low, and there has been frequent movement of long-term held tokens, possibly indicating a shift in investor sentiment.

Bloomberg's senior macro strategist, Mike McGlone, has made a concerning price prediction for Bitcoin in his latest report titled "Crypto Outlook, June 2023". McGlone suggests that Bitcoin's decline in value may continue due to prevailing patterns, various factors affecting the cryptocurrency market, and the US Federal Reserve's inclinations. He also highlights the significance of ongoing central bank rate hikes in shaping the future of Bitcoin and suggests that the market's optimism surrounding these rate hikes might be misplaced. McGlone's bearish outlook for Bitcoin underscores the inherent uncertainty in predicting the future of any financial asset.

The latest report from the Federal Deposit Insurance Corp. has revealed that around half a trillion dollars were withdrawn from U.S. banks in the first three months of 2023, causing stocks to fall. This has raised concerns about the failures of Silicon Valley Bank, Signature Bank, and First Republic, which were partly caused by aggressive interest rate hikes by the U.S. Federal Reserve. This could benefit the crypto industry as some of the withdrawn money may be invested in digital assets, increasing demand and potentially raising the value of cryptocurrencies. Additionally, the diversification of the financial system through the flow of funds into cryptocurrencies could reduce the need for central banks, making financial transactions more private, secure, and under the control of individuals.

Arthur Hayes, the founder of BitMEX exchange, has predicted a bullish future for Bitcoin despite the current reduced crypto market activity. Hayes believes that the Federal Reserve's rate hike will trigger a Bitcoin bull run as wealthy asset holders who receive interest payments from the Fed will likely purchase risk assets such as Bitcoin. He expects the real Bitcoin bull market to begin in the late third and early fourth quarter of this year. Hayes also notes that the American summer months tend to disappoint in terms of trading volumes and volatility, but he remains confident that Bitcoin will hold firm.

TRON's TRX has expanded its reach by going live on the Ethereum blockchain through the BitTorrent bridge, according to a tweet by Justin Sun. TRX is currently trading at $0.08388, up nearly 10% in the last 24 hours. The BitTorrent Bridge will enable easy movement of assets between Ethereum Virtual Machine-compatible blockchains and Tron, increasing TRX's liquidity and use within DeFi protocols. Hong Kong has opened its cryptocurrency market to retail traders, allowing digital asset trading for retail investors starting in the second half of 2023.

John Deaton, a crypto lawyer, has suggested that Ripple's potential IPO could result in a valuation exceeding $100 billion, which is in line with previous analyst projections. Deaton believes that if Ripple wins the ongoing lawsuit against the SEC, an IPO could be expected within a year. He also highlighted Ripple's internal valuation, which was estimated at $15 billion based on its ownership of 45 billion XRP tokens, and theorized that if XRP reached $2 per token, Ripple's valuation would soar to $100 billion. Linda Jones, a Wall Street financial expert, has also estimated that Ripple's share could grow twenty times bigger if XRP reaches its previous peak value of $3.59.

Bitcoin has experienced significant volatility in recent months, with its price fluctuating between $25,000 and $30,000, making risk-averse investors cautious. However, there has been a notable increase in activity on the Bitcoin network, potentially due to the growing popularity of Inscriptions and Ordinals, which have facilitated the integration of NFTs on the Bitcoin network. This increased network activity is expected to benefit miner revenue, but the rising difficulty of Bitcoin mining could pose a threat to miners due to decreased profitability and increased operational costs. Despite the market fluctuations, traders remain willing to make bets on BTC's future, as indicated by the sustained level of Open Interest for Bitcoin.

After a year of declining Bitcoin and crypto ATMs, May saw a significant increase in installations with almost 1,400 machines added. The first four months of 2023 saw a consistent decline in the total number of crypto ATMs worldwide, with major economies contributing to the dwindling numbers. However, Australia, Poland, and Spain saw an increase in installations during this time. Despite the decline, the United States still maintains a leading position with 84.7% of crypto ATMs in the world. Additionally, a recent security incident involving Bitcoin ATM manufacturer General Bytes resulted in the theft of at least 56 BTC and 21.82 ETH, prompting the company to advise its operators and customers to migrate to a self-hosted server installation.