Gate Technology Ltd ( the “Company”), previously operating as Gate.MT has officially announced the rebranding from Gate.MT name to Gate.io. This change reflects the Company’s commitment to strengthening its presence across Europe and aligning its operations with the globally recognized Gate.io brand.
Since 2022, Gate Technology Ltd has been serving its clients in Europe through its VFA Class 4 license obtained from the Malta Financial Services Authority (MFSA). In Italy, the Company operates through its subsidiary, which registered as a Virtual Asset Service Provider (VASP) with the Organismo Agenti e Mediatori (OAM) in 2024. Both entities will continue providing services to their clients under the new Gate.io branding.
The rebranding aims to leverage the strength of the Gate.io name, widely recognized as one of the largest crypto exchanges globally, used by over 22 million clients worldwide. This shift is part of a broader strategy to enhance the Company’s brand presence in Europe and continue its commitment to delivering top-tier cryptocurrency exchange and custody services.
The Company emphasized that the rebranding is not just a name changing. It is part of a broader effort to improve service offerings for European clients and ensure a secure, user-friendly experience while remaining compliant with local crypto regulations.
Looking ahead, The Company plans to expand its regulated operations across Europe, with ambitions to reach the full coverage of all its nations in a regulated manner. The Company will make further announcements in the coming months regarding the scope and timeline of its expansion.
Giovanni Cunti, CEO of Gate Technology Ltd, expressed his gratitude to clients for their continued trust and support, reassuring them that the Company is committed to maintaining its leadership position in the European cryptocurrency space and continuing to serve its growing client base.
Disclaimer
This document is intended for informational purposes only and does not constitute legal, financial, or investment advice. The rebranding referred to herein relates to Gate Technology Ltd and its operations in Europe.
Gate Technology Italia SRL, limited liability company incorporated in Italy with company registration number 13347630967. Gate Technology Italia SRL is licensed by the OAM to operate as virtual currency operators, registry number PSV150.
Any services mentioned in this communication are provided only in accordance with applicable regulatory permissions in the respective jurisdictions.
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.
A group of pro-crypto Senate Democrats introduced an amendment to the GENIUS Act that is widely expected to fail—on purpose.
The move appears designed to look like opposition while actually helping the stablecoin bill pass. This largely ceremonial opposition will allow Democrats to save face on a potentially unpopular move.
What’s Happening with the GENIUS ACT?
The GENIUS Act, a major bill to regulate stablecoins, has stirred controversy. Critics worry it could enable corruption or destabilize the financial system. Despite those concerns, the bill retains modest bipartisan support and is advancing in the Senate.
Recently, according to multiple reports, Democrats introduced an amendment—the End Crypto Corruption Act—that allows the bill to proceed to a vote, even if the amendment fails.
This unusual strategy prevents Democrats from using a filibuster to block the GENIUS Act, clearing a key legislative hurdle.
In effect, this lets Democrats claim they tried to strengthen the bill without actually stopping it from passing. One source dubbed the move “Schumer 101.”
The reference is based on Senate Majority Leader Chuck Schumer’s past use of similar procedural tactics to prevent a government shutdown.
“The [GENIUS Act] as it currently stands still has numerous issues that must be addressed. While we are eager to continue working with our colleagues to address these issues, we would be unable to vote for cloture should the current version of the bill come to the floor,” a joint statement from the amendment’s Democratic supporters read.
Why This Matters
The amendment is symbolic. It won’t pass, but it gives cover to pro-crypto Democrats who don’t want to publicly back the GENIUS Act outright.
Also, it neutralizes the filibuster threat. A filibuster is a procedural tactic used in the US Senate to delay or block a vote on a bill or nomination. By introducing this amendment via a cloture vote, Democrats can’t later use the filibuster to block the bill.
Most importantly, it ensures forward momentum. Even with some public opposition, the GENIUS Act can now reach a vote and likely pass.
Recently, Rep. Maxine Waters led a Democratic boycott of a crypto policy hearing.
The vote for the GENIUS Act’s final fate will take place sometime next week, and a few Democrats still vocally oppose it. Nothing is necessarily guaranteed; Republican defectors may get cold feet.
Still, currently, its chances look very good. Stablecoin regulation in the US may be on the verge of major success.
Immutable (IMX) has emerged as the market’s top gainer over the past 24 hours, rallying more than 40% as bullish sentiment strengthens across the crypto market.
The surge comes as Bitcoin (BTC) reclaims the key psychological level of $90,000, fueling a broader market rebound that has lifted several altcoins.
IMX Surges 41% to 27-Day High
IMX currently trades at a 27-day high of $0.65, noting a 41% price hike over the past day. During the same period, its trading volume recorded a surge of 761%, confirming the uptick in IMX’s trading activity.
When an asset’s price and trading volume rise simultaneously, it signals strong market interest and increased buying pressure. The combination confirms the strength of IMX’s bullish trend, as more traders are entering positions at higher prices. This indicates the potential for continued upward momentum.
On the daily chart, IMX trades above its 20-day exponential moving average (EMA), highlighting the bullish bias among its spot market participants. This key moving average measures an asset’s average trading price over the past 20 trading days, giving more weight to recent prices.
When an asset’s price climbs above this level, it suggests a shift toward short-term bullish momentum. This crossover confirms that IMX buyers are gaining control, and the asset is entering an uptrend.
Further, readings from the token’s Moving Average Convergence Divergence (MACD) support this bullish outlook. At press time, the MACD line (blue) rests above the signal (yellow) and zero lines.
An asset’s MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines.
When the MACD line rests above the signal line, buying activity dominates the market. For IMX, this setup reinforces the recent price surge and suggests that upward pressure may continue as traders build confidence in the asset’s short-term trajectory.
IMX Bulls in Control: Rally Could Extend to $0.87
IMX’s Balance of Power (BoP) currently rests above zero at 0.54, signaling that buyers control the market. A BoP reading above zero reflects strong accumulation, indicating demand outweighs selling pressure.
This reading supports the broader bullish outlook for IMX, suggesting that the recent price rally is backed by sustained investor interest. In this case, IMX could extend its rally to $0.79.
