Bitcoin and Ethereum have seen interesting price movements recently, with Bitcoin's lateralization phase ongoing but the early May waning phase seemingly over. Bitcoin's price has been fluctuating between $26,000 and $30,000, but has rebounded above $28,000. Ethereum's price has been stable around $1,900 for over two months, with the difference from Bitcoin largely due to the market impact of the Sepolia update and Ethereum's burn process. The reopening of crypto exchanges in Hong Kong could attract capital from all over China, potentially leading to a return of Chinese capital to the crypto markets. However, it remains to be seen if Chinese capital will follow suit, especially if China allows its citizens to use the crypto trading services offered by Hong Kong exchanges.

Bitcoin.com's ecosystem token, VERSE, has been listed on Kucoin, a top-tier cryptocurrency exchange platform. This marks a significant milestone for Bitcoin.com as it amplifies the token's reach and accessibility to millions of users around the world. VERSE is a utility token that gamifies and incentivizes onboarding and engagement, making the onboarding experience for newcomers seamless, fun, and rewarding. By listing on Kucoin, VERSE becomes easier to trade and harness its potential. Kucoin is hosting a VERSE trading contest with a $40,000 prize pool to celebrate the listing.

The global market cap has increased by 2.3% in today's trading session, with Bitcoin also showing bullish signals and gaining 3% to reach over $28k. Bitcoin's volatility levels have decreased, indicating a bullish trend as the MACD indicator has shifted to the positive region. Ethereum has also started the day with bullish signals, reclaiming the $1.9K mark, while other altcoins such as Ripple, Cardano, and Solana have recorded gains of over 1%. PepeDerp has seen a massive 115% rally within 24 hours, ranking as the third most trending asset.

Bitcoin's active addresses have surged to a three-week high, indicating a growing utility and adoption of the cryptocurrency. This surge in activity has also resulted in a substantial increase in Bitcoin's price, with a 3% increase in the last 24 hours and a 4.7% increase over the course of seven days. Bitcoin whales, those holding 10,000 or more BTC, have resumed aggressive accumulation, suggesting renewed confidence in Bitcoin's long-term potential. The recent breakthrough of Bitcoin above the $28,000 mark coincided with news of a debt ceiling deal, introducing uncertainty and driving market participants to seek alternative investments such as Bitcoin.

Floki (FLOKI) experienced a surge of over 10% in value and a significant increase in trading volumes, reaching over $60 million, due to its Valhalla metaverse game's China-focused marketing campaign.

The number of metadata added onto Bitcoin Satoshis, known as Inscriptions, is approaching 10 million with a current count of 9,574,192. These Inscriptions can include text, images, video, etc. but are limited to about 4 MB. Text-based Inscriptions make up the majority of new count Inscriptions, as shown in the second chart.

Arthur Hayes, former CEO of Bitmex and current head of crypto investment fund Maelstrom, predicts significant Bitcoin volatility in the latter half of 2021 due to the United States banking crisis and soaring national debt.

Despite the negative reputation of Bitcoin and FTX, some of the most popular brands in North America are surprisingly receptive to the digital assets industry.

Bitcoin experienced a 3.5% surge in early morning Asian trade on May 29, coinciding with the US's plans to increase the debt ceiling. The cryptocurrency is currently trading at $28,053 and has a market cap of $542 billion. Other leading altcoins, such as Ether, have also seen significant gains.

Bitcoin and other top 10 non-stablecoin cryptocurrencies experienced a surge in trading, with Bitcoin rising above US$28,000 and Ethereum reclaiming the US$1,900 resistance level.