Gold is soaring to new highs as demand for precious metals intensifies. The yellow metal is testing critical resistance levels, moving ever closer to the psychological $2,500 mark. Despite the Relative Strength Index (RSI) nearing overbought territory, there remains ample room for further gains if favorable catalysts emerge. The market’s current momentum suggests that gold could continue its bullish trajectory, provided it maintains its upward trend.
In tandem with gold’s rally, silver is also making waves. The gold/silver ratio has retreated below the 84.00 level, sparking renewed interest in silver. Traders are keeping a keen eye on gold’s strong performance, which traditionally bodes well for silver. Should silver surpass the $31.00 level, it is poised to test resistance zones between $31.45 and $31.75. This potential breakout could signal further gains for silver, solidifying its bullish outlook.
Platinum, another key player in the precious metals arena, is also gaining traction. The metal’s recent upward movement aligns with the broader rally in precious metals markets. Additionally, palladium’s 1.9% increase is providing a bullish signal for platinum. If platinum manages to stabilize above the $1,000 level, it will likely face resistance at $1,020 to $1,030. This level of resistance will be crucial in determining platinum’s next directional move.
For those looking to stay informed about all the latest economic events and their potential impacts on the markets, be sure to check out our economic calendar.
As gold, silver, and platinum continue their impressive rallies, traders and investors should remain vigilant. The interplay between these metals and market conditions will be key in navigating the next phases of their price movements.
Several ecosystems will make headlines this week as part of the top crypto news list. Knowing about these events in advance can help traders and investors position their portfolios strategically to capitalize on the expected price movement.
Based on crypto’s adage to buy the rumor and sell the news situation or event, traders and investors can front-run the following events this week.
The Bitcoin Act Bill to Buy 1 Million BTC
The BITCOIN Act of 2025 is the top crypto news story this week. Introduced by Senator Cynthia Lummis, the bill proposes the US Treasury acquire 1 million Bitcoin (BTC) over five years to establish a Strategic Bitcoin Reserve, mirroring the scale of US gold reserves.
“Sen Lummis says Trump backs Bitcoin act—bill to buy 1M BTC hits floor next week,” Crypto Goos reported.
Reintroduced in March 2025, the bill gained traction after President Trump’s executive order supporting a federal Bitcoin reserve. The act mandates secure, decentralized storage across the US, with a 20-year minimum holding period and transparency via proof-of-reserve (PoR) audits.
Funding would come from Federal Reserve (Fed) remittances and revaluing gold certificates. While Trump’s backing boosts momentum, passage remains uncertain due to legislative hurdles and debates over fiscal impact.
If passed, it could position Bitcoin as a formal reserve asset, potentially driving a price surge. It would also reinforce US financial leadership.
“By codifying this effort into law, we can ensure that our nation leverages digital assets to strengthen our financial future while maintaining its global leadership,” Senator Lummis said in a statement.
As of this writing, Bitcoin traded for $105,082, up by 0.69% in the last 24 hours.
Infinex’s Airdrop for KAITO Stakers
Another top crypto news story this week concerns Infinex. The multi-chain crypto platform announced a significant airdrop for KAITO stakers.
“For those of you staking KAITO, the airdrop will occur next week. We recommend you have your Genesis NFTs in the same wallet as your sKAITO, as the snapshot will happen soon,” Infinex wrote in a post.
The airdrop follows a $6 million token distribution in May 2025, which propelled Infinex to the top spot on Kaito’s sentiment rankings, with trading volume surging 320% to $18 million within hours.
KAITO, an AI-driven crypto analytics platform, rewards user engagement, and this crypto airdrop targets its stakers, offering tokens to boost ecosystem participation.
Infinex’s non-custodial wallet supports EVM chains and Solana, integrating staking and trading with a user-friendly interface. The airdrop aims to drive liquidity and attract speculators, though historical data suggests potential post-airdrop price volatility.
Infinex Wallet Adding Avalanche Support
Beyond crypto airdrops for KAITO stakers, Infinex will also add support for the Avalanche blockchain, expanding its multi-chain wallet capabilities.
“We have received proof of patron from Emin Gün Sirer. Avalanche incoming on Infinex next week,” wrote Infinex Kain.avax.
Emin Gün Sirer is the founder and CEO of Ava Labs and developed the Avalanche Consensus protocol underlying the Avalanche blockchain platform.
Avalanche’s high-throughput, low-latency network will enable Infinex users to trade, stake, and bridge assets seamlessly, tapping into Avalanche’s DeFi and NFT ecosystems.
Meanwhile, Infinex’s passkey-based security and gas-free transactions aim to simplify the user experience and compete with centralized exchanges (CEXs).
The integration could drive trading volume in AVAX and related tokens, with Infinex’s prior $6 million airdrop showing 320% volume spikes. Staking opportunities may also extend to Avalanche assets, attracting yield farmers.
Traders should monitor AVAX price action and Infinex’s token (INF) for potential volatility post-launch.
Ethereum’s New Initiative with Base
Also among the top crypto news this week, Ethereum is expected to announce a new initiative in collaboration with Base, Coinbase’s layer-2 scaling solution.
Base, built by Coinbase, enhances Ethereum’s scalability with low-cost, fast transactions while maintaining security. The initiative may focus on advancing DeFi or NFT ecosystems, given Base’s integration with Ethereum’s mainnet.
“Next week, in collaboration with Base and Ethereum, we are pushing a new initiative (for the culture). So look out for that,” Ethereum.org wrote on May 30.
The collaboration could involve new dApps, staking enhancements, or cross-chain interoperability, building on Base’s support for Optimism’s tech stack. This aligns with Ethereum’s broader push to improve user experience and reduce gas fees, potentially boosting adoption.
World Computer Summit
Another top crypto news this week concerns the World Computer Summit, starting Wednesday, June 3, hosted by DFINITY Foundation in Zurich, Switzerland.
Posts on X suggest that the event will feature major announcements and decentralized computing. It celebrates the fourth anniversary of the Internet Computer Protocol (ICP).
“What is the World Computer Summit 2025? It’s a global gathering of builders, thinkers, visionaries reimagining the internet for a decentralized world. Held in Zurich on June 3, it marks 4 years of the Internet Computer Protocol,” wrote Miss Knighty, a popular user on X.
The summit could reveal advancements in Web3, AI, and blockchain interoperability. Projects like Internet Computer (ICP) may unveil updates on decentralized AI or global compute networks, given their focus on a “World Computer” vision.
Internet Computer (ICP) price performance. Source: BeInCrypto
Past summits have driven market activity, with tokens like ICP seeing surges post-announcements. As of this writing, ICP traded for $4.93, up nearly 1% in the last 24 hours.
$46 Million TAIKO Unlock
Meanwhile, with key token unlocks to watch this week, the Ethereum-based L2 scaling solution, Taiko, will unlock $46 million worth of TAIKO tokens on June 5. This unlock will constitute over 69% of its circulating supply.
Taiko’s total supply is 1 billion, with 241 million tokens currently circulating. The unlock of 21.84 million tokens, valued at $42 million in August 2024, suggests a rising token price. With 81.55 million TAIKO tokens unlocked on Thursday, volatility is expected, especially if recipients cash in for early gains.
NotabThesens will be allocated to investors, protocol guild airdrop, and Taiko Labs, constituting the core team.
Backed by 300% user growth, Bitget Wallet unveils a new design and $1M campaign to bring crypto into everyday use worldwide
Bitget Wallet, the leading non-custodial crypto wallet, has unveiled a new brand identity to reflect its evolution into a full-service crypto wallet designed for everyday use. With over 80 million users, Bitget Wallet has strategically expanded its offerings beyond trading and earning to onchain discovery and global payments.
Alongside a new logo symbolizing simplicity and direction, the app has introduced a more streamlined, user-friendly interface to make crypto more intuitive for all. Bitget Wallet stands by the inclusive motto — Crypto for Everyone — now part of a broader initiative, theCrypto for Everyone Movement, aimed at onboarding the next billion users. Through this, it plans to incentivize the community with a pool of over $1 million as gratitude for support.
“The role of wallets is evolving — it’s moving from a niche tool to one with real-world utility for everyday needs,” said Alvin Kan, COO of Bitget Wallet. “This rebrand is part of a longer-term plan to make crypto accessible for everyone. We’re building towards a future where interacting with crypto feels as easy as using Uber or Paypal,” he added. Bitget Wallet’s growth has coincided with increased demand for self-custody and alternative financial access, particularly in regions where banking infrastructure is limited. The platform saw a 300% increase in users over the past year, with the fastest growth in Africa (+959%), Europe (+367%), and the Middle East (+350%), as more individuals turn to crypto to navigate inflation, limited banking access, and economic instability, gaining greater control over their finances.
Bitget Wallet’s rebrand focuses on making crypto easier to use and more practical for everyday needs. Built around four core features — Trade, Earn, Pay, and Discover — the wallet lets users track market trends, explore new tokens, and trade across over 130 blockchains with one click. In selected regions, a new Simple Mode will be launched to offer a streamlined experience for users who are new to crypto. To support secure usage, it includes protections like real-time risk monitoring and transaction screening, helping users navigate onchain finance more safely.
Bitget Wallet is among the first to launch an in-app shop and remains the only major self-custodial wallet offering full payment flexibility, including crypto cards, QR code scans, and direct purchases. The shop supports over 300 brands across gaming, mobile, travel, and e-commerce, enabling crypto payments at Amazon, Google Play, Shopee, and more. Regional integrations with national QR payment systems are also underway. Building on this everyday utility, the wallet offers yield features to help users earn passive income on their crypto balances and plans to support tokenized real-world assets like stocks and gold as it expands beyond digital assets.
“Bitget Wallet stands strong with the essence of crypto extending beyond our decentralized vision, serving as a critical access layer across trading, earning, and payments for onchain assets. Users now have an even more powerful tool — simple to use, accessible, and packed with capabilities — that connects people to opportunity, wherever they are, whenever they need,” said Gracy Chen, CEO at Bitget.
To mark the rebrand, Bitget Wallet is launching theCrypto for Everyone Movement in partnership with leading ecosystem projects, offering over $1 million in rewards and inviting users to explore the updated platform through interactive campaigns.
More details on the brand update and product roadmap are available on the Bitget Wallet blog. Watch the brand video on YouTube.
About Bitget Wallet
Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.
The GENIUS Act, a bill of proposed new stablecoin regulations for the US, is up for a Senate vote today. Still, its chances of success remain uncertain, as Democratic opposition remains high.
Democrats on the Senate Banking Committee released harsh criticism of the bill, and their staffers also circulated a scathing letter co-signed by 46 advocacy groups. This blowback took place despite recent bipartisan amendments.
However, this vote failed, and the Act currently faces a make-or-break chance to win again or start over:
“IMO, If the GENIUS Act doesn’t pass the Senate, there will be no meaningful legislation involving crypto before the midterms and, unfortunately, midterms historically go against the party in power. If they can’t get this passed, a more complex Market Structures Bill is highly unlikely… not to mention crypto-related tax legislation or consumer protections,” claimed crypto advocate John Deaton.
Reports claim that the GENIUS Act’s next chance will take place today as part of Senate proceedings that will begin at 3 PM EST.
The crypto industry is strongly in favor of these regulations, with advocacy groups and business leaders both saluting the bill. However, it may not be that easy for one clear reason: stiff Democratic opposition.
Despite some initial support, Congressional Democrats turned on the GENIUS Act due to concerns of legalized corruption and unfair business practices.
Last week, legislators proposed a few bipartisan amendments that would severely handcuff the bill with Big Tech exclusions and new enforcement mechanisms. It’s looking like that may not be enough.
According to several reports, the Senate Banking Committee’s Democrats released a scathing review of the GENIUS Act, and staffers also circulated a hostile letter co-signed by 46 different advocacy groups. These measures don’t necessarily reflect the bill’s chances of success, but they do highlight real opposition.
Democratic staff on the Senate Banking Committee sent around a letter this AM signed by several dozen advocacy orgs opposing the GENIUS Act.
Includes ACRE, AFR, Center for Responsible Lending, Our Revolution, Public Citizen, Tech Oversight Project… pic.twitter.com/pragFvzSKB
— Brendan Pedersen (@BrendanPedersen) May 19, 2025
These criticisms focused on a few key deficiencies. First of all, the GENIUS Act’s amendments would prevent publicly traded Big Tech companies from issuing stablecoins.
However, they wouldn’t stop private firms, notably including Elon Musk’s X. This is one of several alleged loopholes that could eventually lead to blurred lines between banking and commerce.
The letters also address consumer protection in the event of an issuer’s collapse. Considering that Tether and most other prominent stablecoin issuers aren’t US-based, critics worry that the GENIUS Act won’t guarantee users’ assets.
Most of the other concerns were adjacent to these major topics, worrying that the Act is wholly insufficient.
To be clear, it might still pass despite this opposition. The Senate Banking Committee and its allies clearly hate the GENIUS Act, but other Democrats might have a more favorable view. At the moment, we can only wait and see how the vote turns out.
