News
5 Jun 2026, 21:00
Multicoin Capital moves 56 mln Ethena: Will ENA recover from this sell-off?

ENA holds key support as outflows persist and traders maintain bullish positioning.
5 Jun 2026, 21:00
Uniswap founder Hayden Adams says he's 'extremely bullish' on DeFi and Ethereum

Hayden Adams, the creator of Uniswap, recently compared today’s market conditions to the 2018 bear market that produced Uniswap itself. He also declared that he is “extremely bullish on DeFi and Ethereum.” The declaration came one day after Uniswap trackers reported that the protocol burned a record daily total of 134,000 tokens due to a process approved by Uniswap Labs and the Uniswap Foundation, passed in late 2025, called UNIfication. How do the UNI token burns work? Hayden Adams, the creator of Uniswap, recently posted on X that he is extremely optimistic about DeFi and Ethereum. He compared today’s market to Uniswap’s origin days, “when Ethereum sentiment was at all time lows.” He stated that Uniswap and other DeFi projects proved Ethereum’s capabilities by building through that cycle, which helped lead to the DeFi summer of 2020. UNI token burns recently hit new highs, and Uniswap Labs released several product updates. Despite this activity, UNI still trades at $2.47 , which is more than 92% below its all-time high of $44.97 from May 2021. The token’s market cap sits at $1.54 billion with a circulating supply of 622.71 million UNI. The recent burn activity comes from a governance plan that Uniswap Labs and the Uniswap Foundation passed in late 2025 called UNIfication . UNIfication starts when protocol fees are collected and held in on-chain contracts called TokenJar. If someone wants to claim those fees, they must first burn an equal value of UNI tokens through a contract called Firepit. Finally, the burned tokens are sent to a dead address on Ethereum (0xdead), removing them from circulation forever. When the original UNIfication proposal was announced in late 2025, UNI jumped from $4.95 to $9.25 within a week. The UNI Burn Bot reported today that 134,000 UNI were burned in a single 24-hour period yesterday. This is a new daily all-time high for the program. Earlier this year in May, a governance vote (Proposal 96) approved extending the fee collection and token burns to BNB Chain, Polygon, and Celo, bringing the total number of chains using the burn mechanism to 11, in addition to Ethereum. Uniswap announces new product features At the same time, Uniswap Labs announced several product updates designed to make the platform easier for everyday users. The four main updates include in-app wallets, cross-chain swaps, portfolio tracking, and multichain portfolio views. All four features are live with zero interface fees on swaps. Uniswap Labs said it conducted internal research that showed that 49.9% of new traders on Ethereum, Arbitrum, and Base who swapped in 2026 made their first-ever swap on Uniswap. Uniswap holds $2.86 billion in total value locked (TVL) across more than 40 chains, with cumulative fees reaching $5.59 billion since it launched. However, the revenue going directly to UNI holders through the burn is $14.15 million total. Annualized fees currently run at roughly $882 million. Ethereum accounts for $1.96 billion of the TVL, followed by Base at $416 million and Arbitrum at $198 million. The smartest crypto minds already read our newsletter. Want in? Join them .
5 Jun 2026, 21:00
Institutions Are Loading Up On XRP, But Liquidity Tells A Different Story

XRP is attracting institutional capital at a time when liquidity across the market is moving in the opposite direction. Fresh ETF inflows and growing accumulation among long-term holders continue to support the bullish case, but recent data suggest a different challenge is emerging beneath the surface. While demand appears healthy, the amount of liquidity available to absorb buying and selling activity has fallen sharply. XRP Continues To Attract Institutional Interest XRP has increasingly distinguished itself from the broader digital asset market. While several major crypto investment products struggled to attract capital in recent months, XRP-focused funds racked in $131.94 million in May 2026. Related Reading: The Bitcoin Bear Market Is Over: Here’s Where We Are In The Cycle This trend has remained largely consistent. Apart from a brief slowdown in March, XRP investment products have continued to attract capital, with fresh inflows extending into early June. Institutional capital inflow is particularly noteworthy because it comes at a time when investor sentiment has deteriorated across many digital assets. Rather than pulling back, institutions appear to be viewing XRP as a strategic opportunity. On-chain data reinforces that view. As prices declined toward the start of June, long-term holders increased their positions. Recent holder net position data shows a sharp rise in accumulation, suggesting that experienced investors were buying during the selloff rather than exiting the market. Liquidity Dries Up As XRP Tests Major Support According to @CryptoQuant_com on X, XRP’s Binance 30-day Liquidity Index has fallen to its lowest level since early 2020. The indicator has dropped close to zero even though XRP continues to trade above $1.20. Historically, higher liquidity levels have accompanied some of XRP’s strongest rallies, making the current decline particularly noteworthy. For newer investors, liquidity refers to how easily an asset can be bought or sold without causing major price swings. When liquidity falls, fewer orders are available to absorb trades, making the market more vulnerable to sudden volatility. Under these conditions, even modest buying or selling pressure can trigger outsized price moves. Related Reading: Analyst Reveals Why Bitcoin Price Must Crash To $42,000 First The technical picture reflects this growing tension. Following a steep 53% correction earlier this year, XRP entered a broad ascending channel and has spent several months consolidating within that range. Recent selling pressure has pushed the asset back toward the lower boundary of the channel near $1.19-$1.20, an area that also aligns with a major Fibonacci support level around $1.20. If buyers regain control, resistance levels sit near $1.29, $1.36, $1.45, and $1.51, while a move toward $1.60 would bring the upper boundary of the channel back into focus. However, a decisive break below the $1.19 support zone could expose XRP to further downside toward $1.11 and potentially the psychological $1 level. For now, XRP remains at the intersection of two opposing forces. Institutional demand continues to strengthen, but liquidity has fallen to multi-year lows. Until one side gains the upper hand, XRP’s next major move may depend less on investor interest and more on whether the market has enough liquidity to absorb it. Featured image created with Dall.E, chart from Tradingview.com
5 Jun 2026, 20:55
Travala lets AI agents book hotels with USDC on Base

Travala’s new protocol lets AI agents search and book hotels with USDC on Base, but travelers still approve the final payment.
5 Jun 2026, 20:48
ICP Price Prediction, June 5, 2026 – ICP at a Crossroads: Rally, Reversal, and What Comes Next

Over the past 30 days, Internet Computer Protocol, ICP has delivered the kind of volatility that makes or breaks short-term positioning. ICP surged from a 30-day floor of $2.399 on May 23 all the way to $3.222 on June 3, a near 35% move in under two weeks, before giving back most of those gains in a single brutal session ending June 5, falling 19%. Image Source: CoinMarketCap The move lower wasn’t isolated. ICP led declines on June 4, dropping 13.1% as a macro-driven Bitcoin sell-off triggered roughly $980 million in cross-market liquidations. The speed and severity of the reversal have raised genuine questions about whether the late-May rally was driven by conviction or by speculative capital rotation that has since evaporated. What remains intact, however, is ICP’s longer-term fundamental story, one rooted in two of the most talked-about themes in both crypto and enterprise technology: sovereign cloud infrastructure and decentralized AI compute. Whether those catalysts are enough to hold the line at current levels is the central question this analysis addresses. ICP Market Signals & Sentiment The on-chain and derivatives picture heading into June 5 is one of sharp divergence between long-term holders and short-term traders, with the balance of power shifting meaningfully toward the bears over the past 48 hours. Trading volume told a telling story around the recent top. Volume spiked roughly threefold to 3 million ICP on June 2 as prices pushed toward the $3.22 peak. By the time the June 4 crash unfolded, volume had contracted by 50%, a classic sign of weak hands unwinding into declining liquidity rather than fresh sellers taking conviction shorts. That pattern, big volume on the way up, thin volume on the reversal, often signals the absence of strong spot support at current prices. Meanwhile, the 30-day long/short ratio, which has held persistently above 72% throughout May, reflects enduring retail bullishness. But the negative funding rate flipping on June 4 is a meaningful near-term warning: when funding turns negative, it means short sellers are paying longs to stay in their positions, a structural signal that bearish momentum is building. ICP Bullish Case Catalyst 1 — Europe’s Sovereign Cloud Opportunity The DFINITY Foundation has been quietly building toward one of the more credible enterprise narratives in the space. Its push into Europe’s sovereign cloud market, projected at $80 billion by 2026, targets enterprises under mounting pressure to comply with EU data localization requirements. ICP’s architecture, which offers tamperproof cloud infrastructure without vendor lock-in, is a genuine technical fit for that regulatory environment. A 1% penetration of that market would represent transformative network activity growth. Cloud Engines -> Sovereign, tamperproof, always on, frontier cloud for agentic built software ICP Skills (for Claude, OpenAI, Curser, Perplexity) and caffeine AI for building any app on this cloud Agentic organization -> enable a world view / actionable knowledge… https://t.co/mYa04ZG3ST — Pierre (@PierreSamaties) May 15, 2026 Catalyst 2 — Decentralized AI Infrastructure Outperformance ICP outperformed Bitcoin by 22% during Bitcoin’s most recent 12% drawdown below $70,000, as capital rotated into AI-adjacent crypto assets with demonstrable utility. ICP’s ability to host on-chain AI compute workloads puts it in direct competition with NEAR and Render for mindshare in a category that institutional allocators are increasingly watching. That outperformance under stress is not nothing, it signals a distinct buyer base. Catalyst 3 Distance From All-Time Highs Even after an 18% mid-May rally, ICP remains more than 99% below its 2021 all-time high. That figure is often misused as a bullish talking point, but in a market where narrative and reflexivity drive price, the asymmetry is real. Investors looking for high-upside, low-nominal-cost exposure in the AI and infrastructure verticals will continue to find ICP on their screens. The Bearish Case Risk 1 — Technical Support Breakdown The June 4 session broke below the key $2.70 support level that had been acting as the floor of the mid-May consolidation range. That level invalidated the near-term bullish technical structure and shifted the path of least resistance lower. The next meaningful support sits at the 30-day low of $2.399, and a confirmed break below that opens the door to $2.10, a level not visited since the broader market reset earlier this year. Risk 2 — Elevated Open Interest and Liquidation Risk With open interest still sitting at $15.4 million and the funding rate now negative, the derivatives market is positioned for further turbulence. The recent rally was driven largely by speculative positioning rather than spot accumulation, which means the unwind hasn’t necessarily finished. Each leg lower risks triggering the next cluster of long liquidations in a self-reinforcing pattern that has characterized ICP’s previous sharp corrections. ICP Key Price Levels To Watch Here is how those levels break down: The critical floor ($2.40): This 30-day low is our main line in the sand. If the price slips under this, it pretty much locks in the bearish trend. The ultimate safety net ($2.10): If that $2.40 floor snaps, this is the next major macro fallback zone where you can expect buyers to finally step back in. Immediate resistance ($2.70): This used to be old support, but now it’s acting as a heavy ceiling. The bulls have to reclaim this level just to flip the market structure back to something promising. Target R1 ($3.25): If we clear $2.70, this is the next big milestone. It’s a 44% jump from current prices and lines up right with the local peak from June 3rd. Target R2 ($4.10): This is the major macro resistance zone. Getting up here means a massive 82% rally from where we are now, so expect a ton of profit-taking if it gets tested. Final Outlook ICP enters June 5 as a genuinely binary asset. The long-term fundamental thesis, sovereign cloud, decentralized AI infrastructure, an enormous distance from all-time highs, remains logically coherent and has attracted real institutional attention. But in the near term, the technical structure is damaged, derivatives positioning is fragile, and the broader market environment is unforgiving. The most honest read of the current setup is this: ICP is not a buy into strength right now, and it’s not a obvious short into panic either. The $2.40 support level is the line in the sand. A confirmed hold there, backed by stabilizing volume, would set the foundation for a base-building phase that could eventually challenge $2.70 and $3.25 on the upside. A clean break below $2.40 would shift the medium-term bias to $2.10 and signal that the speculative rally of late May was simply a relief bounce in a longer-term downtrend. Patience and discipline are the correct posture here. The story around ICP is interesting enough to warrant watching closely, but the price action demands that any engagement be sized accordingly and protected with clear exit levels on both sides of the trade. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
5 Jun 2026, 20:42
Bitcoin loses 17 percent in a week as $200 billion wiped out! What are the experts saying?

🚨 Bitcoin plunged by 17 percent in just one week, erasing $200 billion from the market. 🧠 Experts say speculative funds are moving from $BTC to AI-focused stocks. 📉 Wall Street’s tech rally continues while spot Bitcoin ETF outflows gather pace. Continue Reading: Bitcoin loses 17 percent in a week as $200 billion wiped out! What are the experts saying? The post Bitcoin loses 17 percent in a week as $200 billion wiped out! What are the experts saying? appeared first on COINTURK NEWS .















































