It’s been another eventful week in crypto. While most coins have been stuck in a range, traders and investors are eyeing the next potential leg up. But behind the charts, big moves are happening—both from crypto giants and key airdrop players.
Let’s start with one of the biggest headlines: Robinhood has just acquired Bitstamp.
Robinhood Buys Bitstamp for $200 Million
Robinhood has officially acquired Bitstamp, one of the world’s oldest crypto exchanges, for $200 million. This bold move expands Robinhood’s crypto reach across Europe, the UK, and Asia.
Bitstamp is a Luxembourg-based exchange with more than 50 active licenses and a large institutional client base. With this acquisition, Robinhood instantly boosts its regulatory coverage and market footprint outside the US.
The purchase was finalized at the originally agreed price from June 2024 and was paid entirely in cash. Bitstamp brings over 5,000 institutional clients and 50,000 retail users to the table. Most of the platform’s trading volume comes from institutional investors.
Robinhood said on June 2 that Bitstamp is already being integrated into its crypto division. It’s now connected to Robinhood Legend and the firm’s Smart Exchange Routing system. The company expects around $65 million in Bitstamp-related expenses for the remainder of 2025.
Bitstamp generated $95 million in revenue in the last 12 months ending April 30. Robinhood’s crypto business alone pulled in $252 million in Q1 2025. Clearly, the appetite for digital assets is growing—especially from institutional players.
This isn’t Robinhood’s only acquisition this year. On May 13, the firm announced it would acquire Canadian crypto firm WonderFi for $179 million. More deals could follow. Robinhood Crypto GM Johann Kerbrat said the company hasn’t ruled out further acquisitions.
We’re not saying Robinhood should acquire us next… but it would cost a lot less than $200 million.
Airdrop Claims and New Epochs
We always keep an eye out for airdrop claims and announcements. So you don’t have to worry about missing any of the good stuff.
Here’s what’s live this week:
- Reddio Airdrop Claim is Live
Claim now if you’re eligible: Reddio Announcement - Kamino Season 3 Claim and Season 4 Start
Make sure to claim your rewards and get ready for the next round: Kamino Announcement - Assisterr Airdrop is Now Claimable
Don’t miss this one: Assisterr Announcement - Grass Epoch 8 Is Live
Aim for at least 100 hours of uptime to qualify: Grass Guide
More claims and updates are expected soon. Stay sharp and keep checking in.
If you’re new to crypto, learn how to get started from day 1.
Moonbirds NFT Acquired by Orange Cap Games
Another headline worth noting comes from the NFT space.
Orange Cap Games (OCG), a crypto gaming startup, has acquired the Moonbirds, Mythics, and Oddities collections from Yuga Labs. This acquisition happened just a year after Yuga itself had taken over the project’s creator, PROOF.
Greg Solano, co-founder of Yuga Labs, said Moonbirds deserve a team entirely focused on them—and he believes OCG is the right fit. Yuga will now focus more on its core brands like Bored Ape Yacht Club, Mutant Apes, and the long-awaited Otherside metaverse.
As part of the deal, Moonbirds will still launch inside Otherside. Also, new assets from the team will live on Ethereum or ApeChain, Yuga’s own Layer 2 network.
Following the news, Moonbirds NFTs jumped to 0.9 ETH. However, that’s still a big drop from the April 2022 high of 38.5 ETH. It shows how far the market has come—and how far some projects still have to climb.
Related, Yugalabs sells the CryptoPunks IP.
James Wynn Returns with Massive Bitcoin Bet
James Wynn is back in the spotlight after making major moves.
He sold off his full position in Hyperliquid’s HYPE token—126,116 tokens in total—for around $4.13 million. Wynn had bought the tokens in early May for about $3.13 million, securing a profit of $1 million in less than a month.
But that wasn’t the end of it.
Wynn also opened a massive new Bitcoin long position—worth $99.5 million—on the Hyperliquid platform. This position, with 40x leverage, comes with a liquidation price near $104,580.
Wynn is known for big wins and even bigger losses. He previously lost $99 million in leveraged BTC trades. Still, traders respect his boldness—and many were impressed by Hyperliquid’s ability to handle over $1 billion in volume during Wynn’s trading saga.
Hyperliquid, meanwhile, is thriving. Its 30-day revenue just hit an all-time high of $2.3 million, putting it on track for $840 million annually. In May alone, 9 out of 13 days saw $3 million in revenue.
And even though HYPE has pulled back from its all-time high of $38 to around $32, it’s still up more than 60% this month.
Powell Meets Trump at the White House
In macro news, a rare meeting took place between Federal Reserve Chair Jerome Powell and President Donald Trump.
The Fed confirmed the meeting but said it didn’t include any discussion about monetary policy. According to the official statement, Powell emphasized that any future rate decisions would depend on incoming economic data.
White House press secretary Karoline Leavitt added that Trump expressed his belief that Powell should cut rates soon. Trump has been calling for rate cuts both publicly and privately, especially to stay competitive with China and other nations.
This was the first official meeting between the two since Trump returned to office. Powell has said he never initiates meetings with presidents—and this one was arranged at Trump’s request.
Currently, markets don’t expect any major changes in interest rates until at least September. But with inflation concerns and tariffs in play, that outlook could shift quickly.
Free Trump NFTs for Participants and Attendees
If you joined the $TRUMP meme competition or attended the Trump dinner, check your wallet. Two NFTs were airdropped to eligible wallets—one for participation, and one for attending the event.
The third NFT, for holders who didn’t sell their $TRUMP tokens, has also been distributed. The “diamond hands” NFT was designed to reward loyalty.
Initial sales have been wild. The dinner-attendee NFT sold for 92.8 SOL, and the diamond hands version fetched just over 100 SOL.
There are whispers that these NFTs might be tied to future airdrops, but nothing has been confirmed yet. The Trump team has been full of surprises, so it’s worth holding and watching what happens next.
About this event, we were mentioned again by Decrypt. Check the comments of our founder Morten Christensen here.
Final Thoughts
This week has been a mix of consolidation on the charts and expansion in the headlines. Robinhood’s acquisition of Bitstamp is a sign of serious intent to dominate crypto markets globally. Meanwhile, the NFT world saw a notable shift, and airdrop farmers had plenty to celebrate.
Big players like James Wynn continue to make waves, and macro dynamics—like Trump meeting Powell—add another layer of complexity.
Stay tuned, claim your airdrops, and keep farming. The next leg up might be just around the corner.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
