dYdX Trading Inc. (“dYdX”) today announced the strategic acquisition of key business teams from the dYdX Foundation, including Marketing, Business Development, and Solutions. This move marks a significant milestone in aligning go-to-market efforts more closely with product and engineering.
The acquisition is designed to create tighter integration between growth and product functions, enabling dYdX to run more effective, data-driven GTM campaigns for major feature and product launches. By embedding marketing and business development directly alongside engineering, dYdX aims to shorten feedback loops, increase launch velocity, and deepen ecosystem engagement across global markets.
This shift comes at a pivotal moment, as dYdX is actively developing several transformative product upgrades, including Spot Trading, Multi-Asset Margining, and EVM Support. These launches represent critical steps in expanding the platform’s utility and accessibility, making deep coordination across teams more important than ever.
“Product-led growth demands close integration between product and growth teams. This acquisition enables dYdX protocol to build, launch, and scale more effectively as we pursue our most ambitious roadmap to date,” said dYdX Founder Antonio Juliano.
The transition will ensure continued support for partners, traders, and ecosystem contributors while unlocking new synergies between product innovation and market adoption.
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.
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.
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.
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.
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.
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.
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.
Transaction related to Nervos Network’s Force Bridge. Source: Cyvers Alerts
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.
Current status of BitoPro exchange. Source: CoinGecko
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.
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.
June will see three major token unlocks—ZKsync (ZK), Vana (VANA), and LayerZero (ZRO). These tokens will unlock nearly $133 million in newly circulating assets.
Overall, $2.4 billion worth of assets will be unlocked this month. These unlocks represent sizable portions of each project’s market cap and could influence short-term price dynamics. Here’s what to know.
1. ZKsync (ZK)
Unlock Date: June 17
Number of Tokens to be Unlocked: 770 million ZK (3.67% of Max Supply)
On June 17, 770 million ZK tokens—worth approximately $41.61 million—will be unlocked. Of that, 397.20 million tokens (11%) are allocated to investors, and 372.80 million tokens (11%) to team members.
This unlock represents nearly 21% of the token’s market cap. ZKsync is currently trading at $0.05394, down 11% in the last week of May.
2. Vana (VANA)
Unlock Date: June 16
Number of Tokens to be Unlocked: 5.19 million VANA (4.33% of Total Supply)
Current Circulating Supply: 30.8 million VANA
Vana is a decentralized data marketplace that lets users control and monetize their personal data. Its native token, VANA, powers platform access, rewards contributors, and governs network decisions.
On June 16, Vana will release 5.19 million tokens—valued at $35.25 million. The distribution includes 4.74 million tokens (8.98%) for community initiatives and 452.60K tokens (1.65%) for ecosystem expansion.
Meanwhile, the token is up 18% in the last week of May. So, this unlock could test bullish sentiment.
Number of Tokens to be Unlocked: 24.68 million ZRO (2.47% of Total Supply)
Current Circulating Supply: 111.15 million ZRO
LayerZero is an omnichain interoperability protocol designed to connect disparate blockchain networks. Its ZRO token plays a key role in governance and may support future messaging or fee functionalities.
On June 20, LayerZero will unlock 24.68 million ZRO tokens. The unlocked assets will be worth roughly $56.72 million.
Overall, the allocation includes 12.88 million tokens (4%) for strategic partners, 10.20 million tokens (4%) for core contributors, and 1.60 million tokens (4%) for tokens repurchased by the team.
Meanwhile, ZRO is currently trading at $2.30, down 10% in the final week of May.
These three unlocks represent a combined $133 million in token value entering the market. With substantial portions going to insiders and ecosystems, market participants should monitor distribution activity closely.
Short-term volatility may follow, especially in lower-liquidity trading environments.
Leading coin Bitcoin has been in a corrective phase since hitting its all-time high of $111,968 on May 22. The king coin has slipped below the key $105,000 support level to trade at $104,536 at press time, reflecting the selling pressure.
However, on-chain data suggests a potential rebound above this critical support level, with a possible retest of BTC’s all-time high on the horizon. This analysis breaks down the key insights.
BTC Liquidity Clusters Signal Surge Toward $109,000
An assessment of BTC’s liquidation heatmap shows a notable concentration of liquidity around the $109,933 price zone.
Liquidation heatmaps identify price levels where large clusters of leveraged positions are likely to be liquidated. These maps highlight areas of high liquidity, often color-coded to show intensity, with brighter zones (yellow) representing larger liquidation potential.
Usually, these cluster zones act as magnets for price action, as the market tends to move toward these areas to trigger liquidations and open fresh positions.
Therefore, for BTC, the convergence of a high volume of liquidity at the $109,933 price level indicates a strong trader interest in buying or closing short positions at that price. It creates room for a surge toward the $109,000 mark.
Further, the coin’s funding rate has remained positive despite its recent price pullback. At press time, this stands at 0.005%, per Coinglass.
The funding rate is a periodic payment between traders in perpetual futures contracts to keep the contract price aligned with the spot price. When the funding rate is positive, there is a higher demand for long positions.
This means more traders continue to bet on BTC’s price going up, even in the face of strengthening bearish momentum.
BTC Price Teeters Between $103,000 Support and $109,000 Liquidity Zone
BTC has posted a modest 1% gain in the past 24 hours, bouncing off the $103,952 support level. If demand soars, this support floor could hold firm and push prices above the psychological barrier at $105,000, potentially targeting $106,307.
A clean break above this zone may open the door to the $109,000 price area dense with leveraged positions.
BTC Price Analysis. Source: TradingView
However, increased profit-taking could drag BTC back below $103,952, with a further decline toward $102,590 likely.
Ross Ulbricht, founder of the defunct Silk Road darknet marketplace, has raised over $1.3 million worth of Bitcoin through the sale of personal and prison-related items.
The auction, held via Scarce City, coincided with his appearance at the Bitcoin 2025 conference—his first public event since being released from prison earlier this year following Donald Trump’s presidential pardon.
Silk Road Founder Makes Public Comeback
The items up for sale included his prison-issued ID cards, clothing, paintings, and handwritten notes. His 2024–2025 prison ID fetched the highest bid at 5.5 BTC, while the full set of three IDs sold for a combined 7.5 BTC, valued at over $780,000 at the time.
Ross Ulbricht’s Prison Memorabilia. Source: Scarce.city
Other memorabilia included a notebook sold for 1.06 BTC, three prison paintings that brought in a total of 2.41 BTC, and clothing such as his prison sneakers and sweatsuit, which sold for 0.54 and 0.51 BTC, respectively.
Ulbricht also parted with personal belongings from before his arrest, including a djembe drum, a backpack, and a sleeping bag. In a statement shared on the Scarce City auction platform, he explained that these items represent a chapter he is now ready to leave behind.
“I’ve left Arizona, the state where I was in prison. It’s time to travel. That means downsizing and turning the page. I’ve decided to auction some personal items from before my arrest and during my time in prison. I don’t need the reminders and I’m sure some of you will love to have them,” Ulbricht said.
The Silk Road founder also highlighted the values he believes should shape the next phase of crypto development, including freedom, decentralization, and unity.
“When it comes to freedom, we’re not there yet. There’s still more freedom to be won,” Ulbricht stated.
Ulbricht’s presence at the event signals a renewed effort to participate in the crypto space, albeit from a different vantage point.
The Bitcoin 2025 conference in Las Vegas closed with a series of announcements that reinforced Bitcoin’s growing influence across government, finance, and global markets.
From sovereign reserves to corporate investments, the four-day event showcased a clear shift: Bitcoin is no longer a fringe asset. It is being discussed as part of national policy, institutional portfolios, and global financial infrastructure.
The initiative, announced by Crypto Council CEO Bilal Bin Saqib, marks Pakistan’s pivot toward crypto after years of regulatory uncertainty.
Nigel Farage Unveils UK Crypto Tax Bill
In the UK, politician Nigel Farage introduced a proposed “Crypto Assets and Digital Finance Bill.”
The plan includes slashing crypto capital gains tax to 10%, protecting users from debanking, and requiring the Bank of England to hold Bitcoin.
WATCH: Nigel Farage announces his Cryptoassets and Digital Finance Bill at the Las Vegas Bitcoin conference – 10% Capital Gains Tax (down from 24%) – Bank of England to hold crypto reserves – Banks can’t close your account for buying crypto pic.twitter.com/RBzmQ5EOxq
Meanwhile, Trump Media & Technology Group revealed a $2.5 billion capital raise to establish a Bitcoin treasury. CEO Devin Nunes called Bitcoin “the apex instrument of financial freedom.”
The move places Trump Media in line with companies like MicroStrategy that treat Bitcoin as a corporate reserve asset.
NYC Mayor Pushes for “BitBonds”
New York City Mayor Eric Adams proposed a bold plan to issue Bitcoin-backed municipal bonds, or “BitBonds.”
While still in early discussion, Adams said he would push for implementation despite legal concerns raised by city officials.
In the conference, PSG Labs director Pär Helgosson stated the move aligns with long-term strategies to diversify reserves and engage crypto-savvy fans.
Paris Saint-Germain, one of the BIGGEST FOOTBALL clubs in the world with a valuation of over $4 billion, announced they’re adopting #Bitcoin as part of their treasury reserve.
The same $PSG that signs $100M players and sells out stadiums across Europe.
Attendance at the event also broke records. Over 35,000 participants gathered, making it the largest Bitcoin conference to date.
The surge in turnout reflects a broadening community and rising interest from policymakers and institutional players.
BlackRock, MicroStrategy, and Marathon Double Down
Institutional adoption remained a dominant theme. BlackRock’s Bitcoin ETF reached $71 billion in assets under management.
MicroStrategy added 13,390 BTC to its holdings, while Marathon Digital announced a $2 billion offering to buy more Bitcoin.
Michael Saylor Predicts $100 Trillion Market Cap
Michael Saylor used the conference to project Bitcoin’s long-term potential. He estimated the asset could generate $60 to $100 trillion in economic value.
Overall, Saylor suggested a future where Bitcoin rivals global capital markets.
Finally, Senator Cynthia Lummis reintroduced the BITCOIN Act. The proposal aimed at establishing a US Strategic Bitcoin Reserve.
The bill would codify President Trump’s executive order and formally integrate Bitcoin into national reserves.
Taken together, these ten developments mark a pivotal moment in Bitcoin’s evolution.
From state-level adoption to institutional integration, Bitcoin 2025 demonstrated that the asset is entering a new phase—one defined not by speculation, but by strategy.