Brace yourselves, crypto aficionados! This week, several juicy bits of news are shaking up the market like a well-shaken martini. We’re talking legislation, airdrops, collaborations, and wallet updates that will make your portfolio look like it’s been hit by a very enthusiastic crypto bull. 🍸
In the age-old crypto saying, “Buy the rumor, sell the news” – we’re about to serve you a healthy portion of both. So, grab your seats and prepare for the upcoming rides!
The Bitcoin Act Bill to Buy 1 Million BTC – No Big Deal
The Bitcoin Act of 2025 takes the spotlight this week, courtesy of Senator Cynthia Lummis and a rather cheeky bill to purchase 1 million BTC over five years. This is to create a “Strategic Bitcoin Reserve,” which, of course, sounds just as impressive as the US gold reserves but with a little less sparkle. 😏
“Senator Lummis says Trump backs Bitcoin act—bill to buy 1M BTC hits floor next week,” Crypto Goos reported.
Introduced in March 2025, the bill gained traction thanks to President Trump’s executive order, declaring his love for Bitcoin. It would require Bitcoin to be stored securely and decentralized, with a “20-year minimum holding period.” Let’s be honest, Bitcoin’s holding pattern might feel more like your grandma’s antique collection – stuck in time and value, but shiny nonetheless.
But, will it pass? Well, that’s anyone’s guess. Sure, Trump is backing it, but there are those pesky legislative hurdles and discussions about how the entire thing will drain the federal coffers like an overzealous shopping spree.
“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 we speak, Bitcoin is trading at a dazzling $105,082, up by 0.69% in the last 24 hours. Not bad, eh?
Infinex’s Airdrop for KAITO Stakers – Freebies, Anyone?
Now let’s talk about Infinex, the multi-chain wonder platform that just loves a good airdrop. This week, KAITO stakers are getting a generous slice of the token pie. 🍰
“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.
Infinex is looking to keep up its momentum after a $6 million token distribution in May 2025. The result? A trading volume surge of 320%. 🤑 If this were any more exciting, we’d have to send it a fruit basket.
KAITO, an AI-driven crypto platform, is rewarding users and enhancing its ecosystem. You know the drill—everyone loves a little extra token on the side, right?
Infinex Wallet Adding Avalanche Support – Hold On Tight
Not content with simply airdropping, Infinex is also expanding its horizons by adding support for Avalanche. In short, they’re broadening their multi-chain wallet capabilities. Hold onto your hats—this could get wild. 🏔️
“We have received proof of patron from Emin Gün Sirer. Avalanche incoming on Infinex next week,” wrote Infinex Kain.avax.
Avalanche’s high-throughput, low-latency network will allow Infinex users to trade and stake like never before. And you can be sure that this will drive up the volume in AVAX and related tokens. Better start tracking your tokens, folks!
Don’t forget, Infinex is taking aim at centralized exchanges (CEXs) with gas-free transactions. It’s like using a credit card but with way more crypto swagger.
Ethereum’s New Initiative with Base – More Buzz Than a Beehive
And now, for something slightly more… Ethereum-flavored. This week, Ethereum is planning a new initiative in collaboration with Base, Coinbase’s layer-2 scaling solution. No one asked for this, but here we are.
“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.
Base’s low-cost, fast transactions are expected to provide the much-needed scalability Ethereum so desperately seeks. We’re talking about lower gas fees and possibly some dApps or staking enhancements. So get ready, this could be the next big thing, or it could be a colossal flop. Only time will tell!
World Computer Summit – Is This a Sci-Fi Movie?
We’re rounding out the week’s news with the World Computer Summit, where a group of “visionaries” will gather in Zurich to discuss decentralized computing. This is a little like watching the tech version of a TED talk, but with more crypto jargon. 🤖
“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 is expected to showcase advancements in Web3, AI, and blockchain interoperability. Could this be the dawn of the “World Computer”? Or are we all just living in a Matrix-style simulation? Only the summit knows…
$46 Million TAIKO Unlock – Hold Your Wallets!
Finally, the TAIKO token unlock is happening this week. Ethereum’s L2 scaling solution is unlocking a cool $46 million worth of tokens on June 5. You might want to check your seatbelt, because this could get bumpy. 💸
This unlock represents over 69% of its circulating supply, so prepare for some volatility. And remember, large token unlocks tend to lead to sell-offs—just something to keep in mind as you plan your next move in the crypto dance.
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2025-06-02 20:54