Author: Monicah W

The crypto market remains directionless, with mixed signals causing many altcoins to move sideways or decline. However, as June begins, bullish optimism grows around Bitcoin potentially reaching a new all-time high. 

BeInCrypto has analyzed three altcoins for investors to watch—those likely to capitalize on Bitcoin’s momentum or forge their own path.

Quant (QNT)

QNT has experienced a moderately bullish week, maintaining its position above the $101 support while currently trading at $104. This steady performance signals growing investor confidence, although no significant price increase has been noted yet.

The emergence of a Golden Cross, with the 50-day EMA crossing above the 200-day EMA, suggests QNT could push toward $111. Successfully flipping this resistance into support would confirm a positive trend for the altcoin and attract further buying interest.

Despite bullish signs, the risk of profit-taking remains. If investors begin selling, QNT could drop below the $101 support, potentially falling to $89. Such a move would invalidate the current bullish outlook and signal caution among traders.

SPX6900 (SPX)

SPX6900 stands out as one of the few meme coins avoiding sharp declines recently, trading steadily at $0.97 near the key $1.00 level. This stability suggests investor confidence as the coin holds its ground despite broader market fluctuations.

The RSI’s move into the bullish zone, after retreating from overbought levels, signals renewed buying momentum. This shift could help SPX6900 secure $1.00 as a strong support, potentially propelling it upward toward $1.23 and continuing its upward trend.

However, if investors decide to sell, SPX6900 may struggle to maintain its bullish momentum. A sell-off could push the price down to $0.81 or lower, which would invalidate the current positive outlook and indicate increased selling pressure.

Monero (XMR)

XMR dropped 22% last week after a strong May performance but gained 7% in the last 24 hours, trading at $347 near the $348 resistance. This recent rise hints at renewed buying interest despite previous losses.

XMR’s strong 0.81 correlation with Bitcoin allows it to mirror BTC’s rallies. If Bitcoin reaches a new all-time high, the altcoin could flip $348 into support and push towards $418, benefiting from the crypto king’s momentum.

However, bearish conditions or selling pressure on BTC or XMR could lead to a decline below the $325 support. A drop to $300 would invalidate the current bullish outlook, signaling potential further downside risk.

The post 3 Altcoins to Watch in the First Week of June 2025 appeared first on BeInCrypto.

Circle’s Cross-Chain Transfer Protocol (CCTP) facilitated $7.7 billion in stablecoin bridging volume in May, an all-time high and an 83.3% increase from April.

The firm launched its IPO last week, rejecting outright buyout efforts to remain an active player in the stablecoin market. This impressive growth can help demonstrate Circle’s progress and solid foundations.

Circle’s CCTP Breaks Volume Records

Circle, one of the largest stablecoin issuers, first launched CCTP in 2023 to seamlessly bridge USDC across blockchains. Since then, it’s integrated the protocol with a number of prominent chains, increasing USDC’s interoperability. Today, blockchain data analysis shows that CCTP hit a new all-time high for bridging volume last month:

This CCTP volume is especially relevant for Circle for another reason. Specifically, the total number of active stablecoin addresses also reached a new record last month: 33.1 million.

In a time when the total demand for stablecoins and utility solutions is only growing, Circle is working to present its payments ecosystem as an attractive option.

The company has been planning an IPO for the last few months, but it rejected a $5 billion offer from Ripple to acquire it outright. Instead, the firm opened its stock sale last week, aiming to raise $624 million while maintaining its independence.

CCTP’s record growth could signal Circle’s long-term market potential, better enticing new capital investment. The stablecoin issuer already increased its IPO size today, setting a more ambitious target of $896 million.

While the number of active stablecoin addresses is rising, major investment banks are planning to substantially increase their presence in the industry.

Citigroup predicts a $3.7 trillion stablecoin market by 2030, and it isn’t alone in these bullish predictions. All that is to say, Circle isn’t the only issuer developing new cross-chain transaction solutions.

In other words, Circle’s record CCTP growth comes at a useful time. USDC’s trading volume also broke records in April, and now the stablecoin’s utility protocols are surging, too.

Circle is intent on remaining an independent company and positioning itself as a strong contender in this sector. To do this, it will need positive metrics like CCTP’s volume to move the market.

The post Circle’s Cross-Chain USDC Trading Hits All-Time High at $7.7 Billion appeared first on BeInCrypto.

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.

The update enhances Infinex’s ecosystem, which supports EVM chains like Base, Arbitrum, Optimism, and Solana (SOL).

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.

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.

This significant unlock could introduce volatility, as historical data shows large token unlocks often lead to sell-offs.

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.

The post Top Crypto News This Week: Bitcoin Act Bill, Infinex Airdrop, Ethereum-Base Collaboration, and More appeared first on BeInCrypto.

Two new crypto hacks announced today target Nervos Network’s Force Bridge and Taiwan’s BitoPro exchange.

Initial estimated losses from these two hacks amount to approximately $3.7 million and $11.5 million.

Force Bridge Hack: $3.7 Million in Losses

The first hack targeted Force Bridge, a cross-chain bridge of the Nervos Network. According to a report from Cyvers Alerts on X, a suspicious address gained control of the bridge.

After successfully executing the attack, the hacker stole approximately $3 million in assets, including 257,800 USDT, 539.09 ETH, 898,300 USDC, 60,400 DAI, and 0.79 WBTC.

These funds were subsequently converted to ETH and transferred to Tornado Cash—a transaction anonymization tool, complicating traceability efforts.

Cyvers Alerts’ analysis images show the flow of stolen assets, with confirmed losses totaling $2,655,500 as of the incident’s occurrence at 07:17:04 on June 1, 2025 (UTC).

Earlier, Magickbase—the operator of Force Bridge—detected abnormal activity at 03:12 on the same day and promptly suspended investigation services. This swift response, however, could not prevent the losses.

In a latest statement from Magickbase, the total amount of funds affected is approximately $3.7 million, of which roughly $3.1 million is on the Ethereum chain and approximately $600,000 is on the BNB Chain.

For safety reasons, Force Bridge (ETH/BSC to CKB bridge) has been temporarily disabled until further notice.

“Whenever a bridge exploit happens – no matter how big or small – it hurts everyone in the blockchain industry. There is a desperate need for open, vetted, industry-wide interoperability standards. As long as we, as an industry, continue to rely on proprietary products where shared, core infrastructure should exist, these kinds of tragedies will continue to happen,” Wanchain CEO, Temujin Louie, told BeInCrypto.

Suspected BitoPro Hack, $11.5 Million in Losses

On the same day, another hack was reported involving BitoPro, a Taiwan-based cryptocurrency exchange. According to a post from ZachXBT, BitoPro was likely attacked on May 8, 2025, with estimated losses of up to $11.5 million from its hot wallets.

At the time of BeInCrypto’s reporting, BitoPro has not issued an official statement regarding the incident. Data from CoinGecko indicates that the Taiwan-based exchange recorded over $24 million in trading volume in the past 24 hours.

BitoPro has confirmed that the old hot wallet had been attacked during the funds allocation process during the wallet system upgrade and asset transfer operations.

BeInCrypto reported that malicious actors stole over $244 million from the cryptocurrency industry in May 2025.

Sui-based DeFi protocol Cetus accounted for most of the damage, with North Korean attackers resurfacing. BitMEX foiled a hack attempt by the North Korean hacker group Lazarus, revealing poor operational security.

The post Two Major Crypto Hacks Kick Off June with Over $15 Million in Losses appeared first on BeInCrypto.

PI is poised to unlock over 250 million tokens in June, a move that could significantly intensify the selling pressure already weighing on the altcoin.

With technical indicators showing dwindling investor interest, PI could slide to its all-time low of $0.40 or even breach that threshold.

Pi Network Braces for June Unlock

According to data from PiScan, Pi Network is scheduled to unlock 276 million PI tokens in June. At market prices, these tokens are currently valued at approximately $176 million. 

With market participants already cautious due to ongoing price weakness and low trading volume, the timing of this unlock could be particularly disruptive. Generally, an influx of tokens leads to heightened selling pressure, especially when investor sentiment is already bearish and there is no adequate demand to absorb the new supply.

This is the case with PI, as readings from its daily chart show signs of a continued decline in capital inflows. For example, the token’s Relative Strength Index (RSI) is in a downward trend and below the 50-neutral line at 40.49.

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

PI’s RSI readings indicate a preference among market participants for distribution over accumulation. If this trend continues, its price could continue to slip. 

Furthermore, the token’s Aroon Down Line is at 86%, confirming the strength of the decline. The Aroon indicator is used to identify trend direction and strength. When the Aroon Down line is close to 100%, it suggests that recent price action has consistently hit new lows, indicating strong bearish momentum. 

At 86%, Pi’s Aroon Down level signals that the asset has been making lows with high frequency, with little to no correction recorded recently.

 Pi Price Slips Toward $0.40 — Breakdown or Bounce Ahead?

At press time, PI trades at $0.63. With strengthening selling pressure, PI bears could push its price toward its all-time low of $0.40. 

If this support floor fails to hold, the altcoin could fall to new lows.

However, a resurgence in new demand for the token would invalidate this bearish outlook. In that scenario, PI could rebound and rally toward $0.86.

The post Why Pi Network’s 275 Million Token Unlock Could Trigger Decline to All-Time Low appeared first on BeInCrypto.