On Tuesday, institutional investors continued to pour capital into spot Bitcoin ETFs, marking the eighth consecutive day of inflows.
Total net inflows across all US-listed Bitcoin ETFs exceeded $170 million for the day, reinforcing the bullish sentiment that has gripped the market since last week.
Bitcoin ETFs Log 8th Straight Day of Inflows
Yesterday, BTC-backed funds posted another net inflow, totaling $172.78 million. This signaled sustained confidence in the asset class.
Total Bitcoin Spot ETF Net Inflow. Source: SosoValue
BlackRock’s iShares Bitcoin Trust (IBIT) once again led the pack, recording the highest daily inflow among all issuers. On Tuesday, the fund recorded a daily net inflow of $216.73 million, bringing its total historical net inflow to $42.39 billion.
IBIT has consistently dominated in recent sessions, reflecting BlackRock’s influence in the crypto ETF space and sustained institutional trust in its offerings.
Meanwhile, Bitwise’s spot Bitcoin ETF (BITB) recorded the highest net outflow among all issuers on Tuesday, with $24.39 million exiting the fund. Nevertheless, BITB’s total historical net inflows remain strong at $2.05 billion.
Leverage Cools in the Bitcoin Market
Open interest (OI) in the Bitcoin futures market has seen a modest decline today. This suggests a degree of cooling among leveraged positions, as some traders are closing out positions.
It stands at $61.81 billion at press time, plunging by 3% over the past 24 hours. During that period, BTC’s price noted a 1% uptick.
When an asset’s price rises while open interest falls, traders take profits or de-risk, suggesting caution despite the uptick. This trend points to a lack of conviction in BTC’s rally, with fewer participants willing to take on new leveraged positions.
However, broader market sentiment remains optimistic. BTC’s funding rate is currently at 0.004%, indicating that long positions are still willing to pay to maintain leverage.
The funding rate is a periodic payment between long and short traders in perpetual futures contracts, used to keep the contract price aligned with the spot market. When the funding rate is positive, longs are paying shorts, indicating that more traders are betting on the price going up, a sign of bullish market sentiment.
Moreover, the increase in call option volume suggests that traders are positioning for further upside in the coin’s price.
While derivatives activity shows minor signs of uncertainty, the persistent inflows into spot Bitcoin ETFs point to a market still leaning bullish in the near term.
Launch Coin on Believe (LAUNCHCOIN) has seen explosive growth, surging nearly 3,000% in the past week and 27,000% in a month as interest in the Believe App spiked. The Solana-based platform lets users launch tokens directly through X (formerly Twitter) replies.
While activity on Believe has cooled recently, LAUNCHCOIN’s rapid rise has fueled speculation about the platform’s long-term potential. At the same time, questions remain about the sustainability of this growth and the risks tied to the broader Internet Capital Markets trend it represents.
Believe Turns Tweets Into Tokens—But at What Risk?
Believe is a Solana-based memecoin launchpad that allows anyone to create tokens simply by replying to posts from its “Launchcoin” X account.
The app was founded by Ben Pasternak and rebranded from an earlier project called Clout. Its native token, Launch Coin On Believe (LAUNCHCOIN)—originally PASTERNAK—skyrocketed in the last seven days.
Believe enables creators to launch meme coins instantly via social media, collect fees from trades, and graduate tokens to Meteora if they hit a $100,000 market cap.
The model removes regulatory and technical barriers, enabling 24/7 global capital formation without the need for accreditation, banks, or brokers. While promising, it also draws criticism for its speculative nature and similarities to meme coins.
Believe App Activity Slows After Brief Surge in Token Launches
Believe App saw a surge in usage between May 13 and May 15, with users launching over 4,000 new tokens per day through its social-media-based platform.
This explosive activity briefly positioned Believe as one of the most active launchpads in the Solana ecosystem.
However, the pace has since slowed considerably—falling to around 2,600 new tokens on May 16 and just 895 on May 17. The decline suggests that the initial hype surrounding the platform may be cooling, at least in the short term.
Daily Tokens Launched per Launchpad. Source: Dune.
In terms of market share, Believe reached a high point on May 15, capturing 13.6% of all Solana launchpad token launches—its strongest showing to date. However, this share dropped to just 2.6% by May 17.
Daily Tokens Launched per Launchpad (Market Share). Source: Dune.
Still, some Believe tokens are finding success. Seven of the biggest tokens launched across Solana launchpads in the past seven days originated from the Believe App.
Yet in the last 24 hours, only two tokens from Believe have entered that category, which shows the platform’s current volatility.
Top Tokens In Last 24 Hours and Last 7 Days. Source: Dune.
Believe generated $14.17 million in revenue over the past 7 days, nearly matching Pump’s $16 million. However, in the last 24 hours, revenue fell sharply to $340,016, while Pump maintained a much higher $2.5 million.
LAUNCHCOIN Surges 3,000% in a Week—What’s Next?
LAUNCHCOIN, the native token of the Believe App, has surged nearly 3,000% over the past seven days, climbing from $0.008 to $0.25. This rapid price appreciation has pushed its market cap to approximately $250 million.
If current momentum holds, LAUNCHCOIN could soon challenge resistance at $0.38. A breakout could potentially pave the way toward the $0.50 level, doubling its current market cap to around $500 million.
However, if on-chain signals point to declining engagement or fading hype, the token could face a correction, first retesting support at $0.16, especially if the narrative around Internet Capital Markets doesn’t live up to its hype.
A break below that level may expose it to further downside toward $0.097, marking a deeper retracement from recent highs.
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.
Ray Dalio, the billionaire founder of Bridgewater, has issued a stark warning that the global monetary order is “on the brink” of collapse.
He pointed to the current administration’s tariff policies as a significant catalyst, arguing that they have fueled deglobalization trends and caused severe trade imbalances.
Ray Dalio’s Warnings: The Coming Challenges to US Economic Superiority
The US tariff on most Chinese imports has risen to 145%. In retaliation, Beijing has imposed a 125% tariff on American goods. While reports have circulated that de-escalation could be expected soon, nothing has been confirmed yet.
In his latest essay, Dalio delves deeper into this dynamic, arguing that even if negotiations result in de-escalation, it may not fully undo the damage already inflicted.
“Some people believe that the tariff disruptions will settle down as more negotiations happen and greater thought is given to how to structure them to work in a sensible way. However, I am now hearing from a large and growing number of people who are having to deal with these issues that it is already too late,” he wrote.
Dalio highlighted that exporters and importers worldwide are now forced to reduce their dealings with the US drastically. He noted that both American and Chinese producers and investors are actively seeking alternative plans to minimize interdependence.
He believes this trend is becoming broadly recognized across trade, capital markets, geopolitical, and military relations. Dalio argued that the world is nearing a breakdown of monetary, domestic, political, and international order due to unsustainable fundamentals. This situation mirrors past historical shifts in global orders.
“Though not yet fully realized, it is also increasingly being realized that the United States’ role as the world’s biggest consumer of manufactured goods and greatest producer of debt assets to finance its over-consumption is unsustainable, so assuming that one can sell and lend to the US and get paid back with hard (i.e. not devalued) dollars on their US debt holdings is naive thinking, so other plans have to be made,” Dalio remarked.
The billionaire investor expressed concern that the US risks being bypassed as other countries adapt to these separations, establishing new trade networks and economic “synapses” that exclude the US. This shift could further erode trust in the US dollar, which is already losing ground amid global economic uncertainty.
While he did not specify which currencies might gain prominence, Dalio has previously advocated for “hard money” assets like Bitcoin (BTC) and gold as hedges.
“I want to steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin,” Dalio said during the Abu Dhabi Finance Week (ADFW) in December 2024.
Global Monetary System at Risk: Is Bitcoin the Solution?
The warning has resonated within the cryptocurrency community. Jeff Park, Head of Alpha Strategies at Bitwise, stated that Dalio’s recent comments signal a looming “dedollarization” threat.
Park emphasized that Dalio’s shift from supporting China to acknowledging US economic imbalances suggests the global move away from the US dollar is approaching faster than many anticipate, a concept long recognized by Bitcoin advocates.
“The dedollarization threat is nearer than you and I know,” Park wrote.
Similarly, another expert asserted that the conditions Dalio describes create an ideal environment for Bitcoin. Rex believes these developments could drive Bitcoin to surge significantly within the next 18 months, potentially exceeding market expectations.
This impact is already quite visible as BTC’s value has recovered amid a dropping dollar. Over the past week, it has appreciated by 7.5%. At the time of writing, BTC was trading at $94,985.
In fact, market watchers are increasingly bullish on BTC, predicting higher price targets for the largest cryptocurrency. Last week, ARK Invest raised its BTC price forecast from $1.5 million to $2.4 million by 2030. Meanwhile, experts’ forecasts for BTC range from $150,000 per coin to a more optimistic $1 million by the end of 2025.
