Uniswap [UNI] remains under pressure due to its recent price decline.
Factors that appear to strengthen UNI’s bearish outlook include negative derivatives data, which suggests that investors and traders are expecting the price to move lower.
At press time, UNI was trading at $3.44, down 7.50% over the past 24 hours. Despite the price dip, market participants have shown strong interest in the asset, as evidenced by trading volume, which surged over 61% to $239.90 million.
Uniswap price eyes $3.00 level
According to the daily chart, UNI is testing a key support of an ascending trendline that it had been holding since the 12th of April 2026.
Source: TradingView
Based on the current price action, if UNI loses this trendline support, there is a strong possibility that the asset could witness a further price dip and may reach the $3.00 level in the coming days. However, this bearish thesis could be invalidated if the price recovers.
UNI traders and investors turn bearish
While exploring the derivatives market, it appears that both investors and traders are following the broader market trend.
Data from the UNI OI-Weighted Funding Rate has turned negative and reached -0.0061% as of writing, indicating growing bearish sentiment among traders. Meanwhile, UNI’s Long/Short Ratio fell to 0.7886, indicating that traders were favoring short positions over long positions, further reflecting bearish sentiment in the market.
Source: CoinGlass
In addition, long-term investors appear to be moving their holdings to exchanges. Data from UNI spot inflow/outflow reveals that over the past 24 hours, $302K worth of UNI tokens has been transferred to exchanges, potentially suggesting that investors are preparing for a sell-off, which is considered a bearish signal.
Source: CoinGlass
However, the top 100 wallet addresses appear to have a different outlook. Analytics platform Nansen discloses that over the past 24 hours, the top 100 addresses have increased their holdings by 3.41%, indicating potential accumulation by crypto whales.
During the same period, Exchange Reserves fell 11.18%, indicating that investors and long‑term holders, including the top 100 addresses, withdrew UNI tokens from exchanges over the past week.
Source: Nansen
Final Summary
Uniswap appears poised for a further price dip and may reach the $3.00 level after losing both horizontal and trendline support.
Both investors and traders have turned bearish, with some offloading their holdings while others are betting on the price to move lower.
A person who approached a White House security checkpoint and began firing at officers has died, according to federal officials.
The U.S. Secret Service said in a statement late Saturday that, according to a preliminary investigation, the person approached a checkpoint shortly after 6 p.m. ET “removed a weapon from his bag and began firing at posted officers.”
Officers returned fire and hit the suspect, who was transported to an area hospital, where he later died, according to the Secret Service.
A bystander was struck, but a law enforcement official said it wasn’t clear whether that person was struck by the suspect’s initial bullets or those fired subsequently by officers.
Secret Service said none of its officers were injured, and that President Donald Trump — who was at the White House at the time — was not “impacted.”
Journalists working at the White House on Saturday reported hearing a series of gunshots and were told to seek shelter inside the press briefing room.
On X, the Secret Service said it was “aware of reports of shots fired near 17th Street and Pennsylvania Avenue NW” — one block from the White House — and was “working to corroborate the information with personnel on the ground.” It said it will have an update shortly.
In a social media post, FBI Director Kash Patel said officers were responding to shots fired and said he would “update the public as we’re able.”
President Donald Trump was inside the White House at the time.
Evidence of the shooting was visible on a sidewalk just outside the White House complex, where yellow crime scene tape snaked across the pavement and officers with the U.S. Secret Service placed dozens of orange evidence markers on the ground. Medical material, including what appeared to be purple surgical gloves and kits typically used by emergency medical personnel, were also seen.
In a post shared on X, ABC News senior White House correspondent Selina Wang shared dramatic video of the moment she said she heard what “sounded like dozens of gunshots” and ducked for cover. Writing that she had been performing a routine task that White House reporters do daily — filming themselves on a cellphone for a social media post — Wang’s video shows her speaking for a few seconds about Trump’s statements earlier Saturday about a potential Iran deal.
As the sounds of gunfire are heard in the background, Wang’s eyes grow wider, and she ducks down in the media tent, which is among those situated in a line along the White House driveway where broadcasters film their reports. On X, Wang’s video had been shared thousands of times as of Saturday evening, and viewed at least 3 million times.
The Metropolitan Police Department said on its X Account that the Secret Service was working the scene and cautioned people to avoid the area. The scene is near where a gunman ambushed two members of the West Virginia National Guard last November.
U.S. Army Specialist Sarah Beckstrom, 20, died from her wounds. Andrew Wolfe, then 24, was critically wounded. Rahmanullah Lakanwal has been charged in that incident.
The gunfire Saturday comes nearly a month after what law enforcement authorities said was an attempted assassination of the president on April 25 as he attended the annual White House Correspondents’ Association Dinner at a Washington hotel. Cole Tomas Allen, of Torrance, California, recently pleaded not guilty to charges that he attempted to kill Trump and remains in federal custody.
Following that scare, Secret Service officers shot a suspect they said had fired at officers near the Washington Monument, also near the White House. Michael Marx, 45, of Midland, Texas, was charged in a complaint filed in U.S. District Court in connection with the May 4 shooting. A teenage bystander was wounded in that incident.
Economic challenges, such as rising labor and product costs driven by inflation and increasing lease rates, have impacted pet supplies retail operators, forcing several to file for bankruptcy protection, despite financial strength in the industry.
The pet industry has shown economic strength after sales rose about 3.7% in 2025, reaching $158 billion, according to the American Pet Products Association‘s 2026 State of the Industry Report.
Sales are projected to rise to $165 billion in 2026, with full-year growth expected to be about 4.4%, of which 2% is driven by inflation, the report said.
Despite all of that good economic news, not every pet supplies retail operation is enjoying the financial benefits of the industry’s sales growth.
Some pet supply retailers have needed to file for Chapter 11 bankruptcy to reorganize their businesses.
Pet Supplies Plus franchisee IKPM Pet Supply LLC files for bankruptcy protection.Reuters Connect/USA Today
Pet Supplies Plus franchisee files
Texas-based Pet Supplies Plus franchisee IKPM Pet Supply LLC filed for Chapter 11 bankruptcy protection, seeking to reorganize its business affairs, according to PacerMonitor.
The Sugar Land, Texas, pet supplies retail franchisee submitted its petition in the U.S. Bankruptcy Court for the Southern District of Texas in Houston on May 22, listing $100,000 to $500,000 in assets and $1 million to $10 million in liabilities, according to court papers.
Debtor reports over $1.4 million in debt
The debtor’s largest creditors include Customers Bank, owed over $1.07 million; Ondeck, owed over $127,000; Karthikeyan Patchamuthu, owed $126,000; Chase, owed over $107,000; and Petronia Holdings, owed over $28,000, according to its petition.
The debtor has not given a specific reason for filing for bankruptcy, and the franchisee’s Pet Supplies Plus store remains open.
The Pet Supplies Plus franchisor has not filed for bankruptcy.
Florida franchisee also files bankruptcy
IKPM Pet Supply’s bankruptcy filing came 10 days after Florida-based Pet Supplies Plus franchisee PSP TS LLC filed for bankruptcy protection, seeking to restructure debts, according to PacerMonitor.
The Holiday, Fla., pet supplies retail franchisee submitted its Chapter 11 petition in the U.S. Bankruptcy Court for the Middle District of Florida in Tampa on May 12, listing $100,000 to $500,000 in assets and $1 million to $10 million in liabilities.
PSP TS LLC also did not indicate a specific reason for filing for bankruptcy, and the franchisee’s only Pet Supplies Plus store remains open.
The Livonia, Mich.-based pet supplies chain was founded in 1988 and operates 725 Pet Supplies Plus locations in 44 states, as well as 26 Wag N’ Wash full-service grooming and self-wash facilities nationwide.
The pet supplies chain has over 10,000 products from over 400 brands and also offers online shopping with same-day delivery and one-hour curbside pickup.
The owners of the Sugar Land, Texas, store reportedly entered into its franchise agreement in April 2021.
The agreement was signed about a month after the giant retail chain owner Franchise Group Inc. purchased Pet Supplies Plus from Sentinel Capital Partners for $700 million in March 2021.
Franchise Group filed for Chapter 11 protection on Nov. 3, 2024, with a restructuring support agreement, and divested its Pet Supplies Plus stores in bankruptcy. The Sugar Land store franchisee and other franchisees did not file for bankruptcy at that time.
Geopolitical tension recently intensified after Iran warned Washington against challenging its national rights during fragile nuclear negotiations.
Markets also turned increasingly defensive as traders began anticipating stronger sanctions risks and broader regional instability.
Source: X
Bitcoin [BTC] slipped by roughly 5.6% across the past week, while Ethereum [ETH] and broader altcoins also weakened beneath rising uncertainty.
That pressure increasingly reflected growing fears around stricter AML enforcement and heavier scrutiny across offshore crypto liquidity venues.
Bitcoin ETFs also recorded nearly $1.26 billion in weekly outflows, while Ethereum ETFs lost roughly $215 million beneath softer institutional sentiment. Still, Solana [SOL] and Ripple [XRP] products continued attracting selective inflows despite broader market weakness.
That divergence increasingly suggested investors are reducing risk exposure carefully rather than fully abandoning crypto-market participation.
Broader geopolitical tension had already weakened crypto sentiment before rising oil prices added fresh pressure across global liquidity markets.
Earlier sanctions fears and stalled US-Iran negotiations had already pushed traders toward increasingly defensive positioning across risk assets.
Brent crude later climbed toward the broader $103–105 region as supply disruption concerns continued strengthening beneath escalating macro uncertainty.
That environment increasingly fueled inflation fears while reducing appetite for liquidity-sensitive assets like crypto and technology equities.
Bitcoin and Ethereum also experienced sharper volatility during recent geopolitical escalation windows beneath weakening market confidence.
Ethereum remained more vulnerable because higher-beta assets usually weaken faster once liquidity conditions tighten globally. Still, Bitcoin continued showing relatively stronger stability despite elevated macro sensitivity and broader institutional caution.
That balance increasingly suggested crypto markets remain heavily tied to geopolitical and liquidity-driven macro conditions.
Geopolitical pressure had already weakened crypto sentiment before cascading liquidations accelerated volatility across leveraged derivatives markets.
Oil price shocks and sanctions fears also pushed traders toward increasingly defensive positioning beneath softer liquidity conditions.
Liquidation data later showed nearly $941.76 million erased across crypto markets within 24 hours. Long positions absorbed roughly $871.44 million of those losses, while short liquidations remained near only $70.31 million.
Source: CoinGlass
That imbalance increasingly reflected how overly aggressive bullish positioning collapsed once market momentum weakened beneath macro uncertainty.
Still, Bitcoin continued stabilizing near major support regions despite rising leverage destruction and softer speculative participation.
Growing liquidation pressure increasingly signaled traders remain highly reactive to geopolitical stress and tightening liquidity conditions.
Final Summary
Crypto markets remain increasingly sensitive to geopolitical tension, oil-price volatility, and tightening liquidity conditions.
Selective participation persists, though liquidations and macro uncertainty continue amplifying broader crypto-market volatility.
Bitcoin BTC$76,720.46 may be entering a new period of outperformance against traditional assets as inflation pressures persist and bond markets weaken, according to Risk Dimensions chief investment officer Mark Connors.
Connors, who spent years as the global head of portfolio management at Credit Suisse, said bitcoin recently broke out of what had been its longest stretch of underperformance against the S&P 500 in history, a 142-day period that ended in early May.
“I think bitcoin’s underperformance versus markets is over,” Connors said in an interview. “It’s in the consolidation phase [that] has shifted into an outperformance phase.”
The shift comes as investors grapple with stubborn inflation, rising oil prices and uncertainty around interest rates. Connors argued that bonds, traditionally viewed as defensive assets, are increasingly under pressure as markets adjust to a “higher-for-longer” rate environment.
“Bitcoin, as it always does, takes it on the chin early, but then it always comes out first,” he said, adding that bitcoin could continue outperforming both equities and fixed income “as we grind through the straits of poor news and oil persistently being high.”
Connors tied much of the current macro environment to persistent geopolitical tensions and elevated energy prices. Oil has remained structurally high this year, he said, fueling inflation concerns while forcing markets to look toward technology and productivity gains as a counterweight.
He argued that AI and blockchain are becoming increasingly linked as businesses look for decentralized systems to support machine-driven transactions and automation.
“The only way to punch through that inflationary pressure is through technology,” Connors said.
He also pointed to shifting investor preferences between gold and bitcoin. Connors compared the current environment to 2020, when gold initially outperformed during the early stages of the pandemic before bitcoin began a strong resurgence.
“Gold has had its run,” he said. “Bitcoin is now on its resurgence.”
The U.S House Oversight and Governance Reform Committee has launched an investigation into prediction markets for alleged insider trading.
In a CNBC interview, Congressman James Comer (R-Kentucky), Chair of the Oversight Committee, claimed that prediction markets are “the wild west.” He added, “this is so new, and there are no written laws. Prediction markets have never been a problem until recent months.”
Comer cited the U.S soldier who profited by over $400K after betting on Venezuelan President Nicolás Maduro’s capture using insider intelligence.
He also mentioned the insiders who benefited from bets on the U.S-Iran war, alongside politicians trying to manipulate markets tied to their election races.
He continued,
We launched the investigation to see how widespread this (insider trading) is. But also to prove a case that we’ve got to pass some type of legislation like banning members of Congress, government employees, and people in the President’s administration from prediction markets.
In fact, a recent report showed that insiders on Polymarket made over $2.4 million on Iran bets. For Comer, the widespread insider trading activity is a sign that “Congressional action may be necessary.”
House press Kalshi, Polymarket for internal controls against insider trading
Kalshi is one of the largest prediction markets regulated by the Commodity Futures Trading Commission (CFTC). Its rival, Polymarket, has gotten approval to re-enter the U.S market, but has a massive global market share thanks to its lack of KYC (Know Your Customer) requirements.
Similarly, Kalshi has expanded to 120 global markets. However, the lack of KYC provisions for offshore markets is now raising concerns about bad actors gaming the markets. In a letter to Kalshi’s CEO Tarek Mansour, the Committee pressed,
The rapid global expansion of Kalshi’s platform raises questions about whether internationally placed event contracts are subject to equivalent identity verification and insider trading prohibitions as domestic event contracts.
A similar letter was sent to Polymarket’s CEO Shayne Coplan. Now, the Committee wants to know their KYC systems, whether it applies to global users, the trading history of any U.S government employee, including military officers, among others.
For example, India has banned prediction markets under the Promotion and Regulation of Online Gaming Act (PROGA). Recently, the Ministry of Electronics and Information Technology (MeiTY) flagged VPNs (virtual private networks) being used to bypass domestic restrictions on these betting markets.
Final Summary
The U.S Congress has officially launched an investigation into Polymarket and Kalshi for insider trading to help inform policy formulation.
India is cracking down on prediction markets and their enablers (VPNs), underscoring heightened global regulatory pressure.
President Donald Trump’s latest immigration crackdown is triggering alarm, confusion, and fierce debate among lawyers, advocates, and many in the business world who rely on visa holders for skilled labor.
On Friday, US Citizenship and Immigration Services announced it would grant “adjustment of status” — the process that allows some immigrants already in the US to apply for a green card without leaving the country — “only in extraordinary circumstances,” potentially forcing many applicants to return to their home countries and wait abroad while their cases are processed.
While a USCIS spokesperson told Business Insider that applicants who “provide an economic benefit or otherwise are in the national interest” may still qualify for exemptions, it remains unclear how broadly the administration plans to enforce the new restrictions or how many immigrants could ultimately be affected.
The administration has framed the move as a return to the original intent of immigration law, while critics warn it could upend the lives of foreign workers, mixed-status families, and long-term visa holders who have relied on the process for decades.
Here’s what smart people are saying about the sweeping policy shift.
Blake Scholl
Blake Scholl
Bloomberg/Getty Images
Blake Scholl, founder and CEO at Boom Supersonic, a company developing a supersonic airliner, said on X that he understands why “we don’t want people to come to the US to be criminals” and “mooch on welfare.”
“But I don’t understand why we make it harder for motivated, ambitious, hardworking people to come to the land of opportunity,” Scholl added.
Nick Davidov
Nick Davidov, the founder of Davidovs Venture Collective, a VC that supports repeat AI founders at the seed level,calledthe changes in the green card application rules “the biggest bullshit move by DHS in its history” and the “worst imaginable way to disrupt important work for the country.”
“So everyone on a O1 or H1B visa would have to stop working legally in the US, go back to their country and wait for years of backlog?” Davidov wrote on X on Friday. “This includes top scientists in our universities, founders of billion dollar companies.”
Davidov added in subsequent tweets that Iranians and Ukrainians can’t really return to their home countries for safety reasons, and that immigrants such as Elon Musk, Jensen Huang, and Sergey Brin have created some of the country’s most valuable companies.
Andrew Ng
Andrew Ng
Big Event Media/Getty Images for HumanX Conference
Andrew Ng, AI entrepreneur and cofounder of Coursera, called asking green card applicants to apply outside the US only “a capricious attack on legal immigration.”
“It will hurt families, leave us with fewer doctors, teachers and scientists, and hurt American competitiveness in AI,” Ng wrote on X on Friday.
Reid Hoffman
Reid Hoffman
Bloomberg/Getty Images
Reid Hoffman, cofounder of LinkedIn and a prominent Trump critic in Silicon Valley, wrote on X that the DHS’s new policies are a “harmful move for tech, business, and America broadly.”
“Does this mean AI Researchers, employees, and students will now have to leave the country and wait through a backlog process to continue their work?” Hoffman wrote.
Yvette Clarke
Rep. Yvette Clarke
Bill Clark/CQ-Roll Call, Inc via Getty Images
Rep. Yvette Clarke, a Democrat from New York, called the new green card policies “a disgrace.”
“It will rip talented, hardworking immigrants out from America and our economy, congest an already overburdened backlog, and further break an already broken immigration system,” said Clarke on X.
“And that’s by design,” Clarke added. “This administration has made the pain of immigrants a priority, and that won’t change until there’s no one left to hurt.”
David J. Bier
David J. Bier
Kayla Bartkowski/Getty Images
David J. Bier, the director of immigration studies at the Cato Institute, a libertarian think tank, called for new leadership of USCIS in a series of posts on X on Friday, where he said that the new policies show “total malice against the applicants.”
“The policy is a radical expansion of DHS’s ‘quiet quitting’ on legal immigration that has been going on for months,” Bier also wrote in a blog post. “Now USCIS’s new memorandum details a plan for mass denials. USCIS has gone from the ‘quiet-quit’ to walking out on 1.2 million green card applicants.”
“Forcing green card applicants to leave will render many green card applicants ineligible because, when they leave the United States, they will trigger the 3- or 10-year bars on receiving an immigrant visa based on accrual of unlawful presence,” Bier added.
Yann LeCun
Yann LeCun
Yui Mok – Pool/Getty Images
Yann LeCun, a pioneer in AI research and the former Chief AI Scientist at Meta, had a very curt and perplexed response to the change in green card policy.
“Why?” wrote the ACM Turing Award Laureate on X, who reposted an article detailing the DHS’s announcement.
LeCun was born in France and immigrated to the US in the late 1980s.
Garry Tan
Y Combinator CEO Garry Tan
Hutton Supancic/SXSW Conference & Festivals via Getty Images
Garry Tan, the CEO of the startup accelerator Y Combinator, called the new guidance “bad and misguided.”
“We need to keep smart people in the country to build the future and build tomorrow’s businesses that employ millions of people,” he wrote on X.
Ash Jogalekar
Ash Jogalekar, a Microsoft senior project manager working on agentic AI, described the memorandum as “self-sabotage” in an X post on Friday.
“As a scientist and immigrant who loves this country, I cannot think of worse ways to cripple American scientific competitiveness while other countries surge ahead,” Jogalekar wrote. “It is completely pointless. Between the funding cuts and rash, irrational policies like these, China could not have done worse if they had decided to sabotage science in the U.S.”
Jason Calacanis
Investor and All-In podcast co-host Jason Calacanis
Bridget Bennett/Bloomberg via Getty Images
Jason Calacanis, investor and co-host of the All-In podcast, said in an X post on Saturday that the US should encourage more immigration in response to the administration’s new green card policy.
“America’s goal should be to expand our Empire,” he wrote. “Be it immigration, acquisition or invitation, if you believe we have the best system then you should embrace expansion.”
The investor also posted a clip of an interview All-In did with Trump in 2024, during which the president said college graduates should “automatically” get a green card.
“More green cards for extremely talented immigrants!” Calacanis wrote in the post. “Strong agree President Trump.”
