Top Crypto News This Week: Kaito Airdrops, JD Vance at Bitcoin Conference, $5 Billion FTX Creditor Payouts, and More

Traders and investors have multiple headlines to look forward to as part of the top crypto news this week. 

The following events, spanning diverse ecosystems, could bring notable volatility to specific tokens. 

New Airdrops for KAITO Stakers 

Starting the list of top crypto news this week is Kaito AI. The crypto analytics platform, which leverages AI and natural language processing, is set to announce new airdrops for KAITO token stakers this week. 

“Airdrops to KAITO stakers next week,” wrote Wals, a top Kaito AI mindshare yapper. 

This initiative builds on Kaito’s Yapper Payouts program, launched in 2025. It rewards users for creating high-quality crypto content. 

Kaito has been incentivizing its community through weekly rewards, and this upcoming airdrop is expected to engage stakers further. The platform provides tools for sentiment analysis, market narrative tracking, and blockchain data insights, making it popular among crypto enthusiasts. 

As of this writing, KAITO’s price is $1.96, up 0.5% in the last 24 hours. It has a market cap of $446,837,093. 

KAITO Price Performance. Source: BeInCrypto

Depending on the reward structure and market sentiment, the airdrop announcement could drive increased staking activity and potentially boost KAITO’s price.

US Vice President JD Vance at the Bitcoin Conference 

Another headline to watch among top crypto news this week is US Vice President JD Vance’s speaking at the Bitcoin 2025 conference. As announced by BTC Inc. on May 9, 2025, via bitcoinmagazine.com, the event will take place on Wednesday, May 28, 2025, at The Venetian Las Vegas. 

“Vice president JD Vance keynote confirmed on May 28 at 9:00 AM,” The Bitcoin Conference announced on X (Twitter). 

The event, dubbed the world’s largest Bitcoin conference, marks a historic moment. Vance will be the first US vice president to publicly address a Bitcoin conference, signaling growing political engagement with crypto in the US. 

According to Bitcoin Magazine, other speakers include Silk Road founder Ross Ulbricht, Eric Trump, Donald Trump Jr., Michael Saylor, and Senator Cynthia Lummis. 

Bitcoin Magazine highlighted Vance as a voice for a new generation embracing freedom and technology. His participation could boost Bitcoin’s visibility and mainstream adoption, potentially influencing its price if his speech addresses supportive policies or regulatory clarity.

Bitcoin (BTC) Price Performance. Source: BeInCrypto

As of this writing, Bitcoin was trading for $price is $109,994, up by over 2% in the last 24 hours. 

NVIDIA Earnings Call: Will VIRTUAL & AI Coins React?

NVIDIA’s Q1 2025 earnings call will be held on May 28. Key developments are likely to influence AI-focused cryptos like Virtuals Protocol (VIRTUAL). 

NVIDIA earnings often influence AI coins, with past reports triggering rallies and “sell the news” events. The influence comes amid its role as a leading GPU provider for AI applications, making its earnings a key market mover. 

A strong report could drive bullish sentiment for AI coins, potentially lifting VIRTUAL’s price, while disappointing results might lead to a sell-off.  VIRTUAL token was trading for $2.21 as of this writing, up by almost 14% in the last 24 hours.

VIRTUAL Price Performance. Source: BeInCrypto

Other AI coins like Render (RNDR) have historically reacted to NVIDIA earnings, with Render rallying ahead of Q2 2024 results. 

Investors are watching for NVIDIA’s guidance on AI sector growth, which could further influence the market.

$5 Billion in Stables for FTX Creditors 

FTX creditors will receive $5 billion in stablecoins on Friday, May 30, 2025, as part of the exchange’s bankruptcy repayment plan. 

“FTX will distribute more than $5 billion to creditors on May 30,” Tiffany Fong reported, citing FTX Creditor co-founder Louis. 

This distribution follows FTX’s collapse in November 2022, which left creditors seeking restitution. The repayment in stablecoins, likely USDT or USDC, aims to provide immediate liquidity to affected parties. 

Given that it is the second series of distributions or payouts, the distribution could restore hope for some of FTX’s creditors. This event is a critical step in FTX’s recovery process, with broader market sentiment and liquidity implications.

Meanwhile, FTX stated that eligible creditors should expect to receive funds from their selected distribution service provider within 1 to 3 business days from May 30, 2025. 

Kamino Season 3 Airdrop 

Kamino Finance, a DeFi protocol on Solana, is set to unlock its Season 3 airdrop, which is expected to amount to approximately $26 million worth of distributions. The project hinted at substantial benefits to users who staked KMNO throughout the season. 

“Kamino Season 3 has concluded, and a total 350M KMNO will be distributed to users in May,” the project stated recently. 

The project facilitates lending, borrowing, and yield farming, and its airdrop programs aim to incentivize user participation. 

Previous seasons typically rewarded users based on platform activity, such as liquidity provision or staking. The airdrop unlock, expected before May 31, could increase engagement, potentially boosting KMNO’s price if recipients hold or stake their tokens.

Kamino (KMNO) Price Performance. Source: BeInCrypto

However, if many sell their rewards, it might lead to short-term price pressure, interrupting the current price recovery efforts. 

Liquity’s Yield-Bearing Stablecoins sBOLD and yBOLD to Launch

Liquity is launching its yield-bearing stablecoins, sBOLD and yBOLD, this week. The decentralized borrowing protocol allows users to borrow LUSD against ETH with zero-interest loans.

The development positions Liquity as a key player in DeFi innovation, with investors watching closely for adoption metrics. These new stablecoins aim to offer yield opportunities, likely tied to staking or liquidity provision. 

The sBOLD and yBOLD stablecoins may differ in risk profiles or yield mechanics, though specifics are not yet public. 

The launch could attract new users seeking passive income, potentially increasing LQTY’s utility and price. However, market volatility and competition in the stablecoin yield might temper gains. 

The network also revealed that its Liquity V2’s friendly fork, Asymmetryfin, goes live on May 28 on Mainnet.

“Borrow USDaf using BTC variants like cbBTC and WBTC, along with a plethora of yield-bearing stables. Set your own interest rates. Immutable from day one slowly, then all at once,” Liquidity stated. 

Polkadot to Enable Launching No-Code, One-Click Rollups

Polkadot (DOT) is preparing to enable no-code, one-click rollups, a feature set to enhance its ecosystem. Rollups are layer-2 scaling solutions that process transactions off-chain while leveraging Polkadot’s security, improving scalability, and reducing costs. 

“Using the no-code deployer, teams will be able to customize + launch rollups in minutes. Today, builders can launch a Polkadot rollup with Asphere offering full engineering and deployment,” the network shared in a post. 

This no-code, one-click functionality aims to simplify rollup deployment, making it accessible to non-technical users and developers. Polkadot’s interoperable blockchain framework already supports parachains, and this upgrade could attract more projects to its ecosystem.

Polkadot (DOT) Price Performance. Source: BeInCrypto

As of May 25, 2025, DOT trades at $4.60, up 2.3% in the last 24 hours. The feature, expected “soon” according to the DeFi Investor, could boost Polkadot’s adoption and DOT’s price by enhancing scalability and user accessibility. 

However, broader market trends and implementation challenges may influence its impact, with investors awaiting a confirmed launch date.