Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Walmart and Amazon are exploring the launch of their own USD-pegged stablecoins to reduce payment costs and speed up transaction settlements, according to the Wall Street Journal. Their plans depend on regulatory clarity from the upcoming Genius Act. Both retail giants are also considering joining a merchant-led stablecoin consortium or using third-party digital payment solutions. If approved, this move could reshape how consumers and businesses handle digital payments, bringing faster and cheaper transactions to millions of users.

Ripple and the SEC have jointly asked a Manhattan court to lift the injunction in their ongoing case and release the $125 million civil penalty currently held in escrow. Under the proposal, $50 million would go to the SEC, while the remaining $75 million would be returned to Ripple. This joint motion is part of a broader effort to resolve the long-standing legal dispute, drop all pending appeals, and avoid further court proceedings between the two parties.

GameStop has increased its private offering of 0.00% convertible senior notes to $2.25 billion, up from the previously planned $1.75 billion. The notes are due on June 15, 2032. The company expects to raise around $2.23 billion in net proceeds, or up to $2.68 billion if the full overallotment option is exercised. GameStop plans to use the funds for general corporate purposes, which may include investments, business development, and potential acquisitions as it continues its transformation strategy.

In a major shift, the U.S. SEC has rolled back several proposals introduced during Gary Gensler’s tenure. Among the withdrawn rules are the controversial expanded Custody Rule, the DeFi-targeted Rule 3b-16, and stricter ESG reporting mandates. These changes signal a softer regulatory stance as pressure mounts for clearer, more balanced crypto oversight. The move has been welcomed by many in the digital asset space, viewing it as a step toward more practical and innovation-friendly regulation.

Brazil’s proposed Bitcoin Reserve Bill has passed its first committee, marking a major step toward the country officially holding Bitcoin as part of its national reserves. The bill supports the idea of using Bitcoin as a strategic asset, aligning Brazil with the growing global trend of digital reserve diversification. While it still needs further approvals, the move signals a shift in how nations view Bitcoin, as more than just a currency, but a potential store of value at the national level.

BlackRock, the world’s largest asset manager with $11.5 trillion in assets, is setting its sights on managing over $50 billion in crypto assets by 2030. The company aims to become the largest crypto asset manager globally, signaling strong long-term confidence in the digital asset space. As institutional adoption grows, BlackRock’s ambitious target highlights the increasing role of crypto in traditional finance and its plans to lead the charge in shaping the future of crypto investing.

Japanese fashion brand ANAP Holdings has expanded its Bitcoin portfolio, adding around 50.56 BTC in just two days. This latest purchase brings the company’s total Bitcoin holdings to 153.4627 BTC. The move reflects ANAP’s growing confidence in Bitcoin as a strategic asset. As more traditional companies in Japan explore crypto, ANAP’s increased investment highlights the rising trend of corporate Bitcoin adoption in the country’s fashion and retail sectors.

Tether has purchased a 31.9% stake, about 78.4 million shares, in Elemental, a gold mining company listed in Canada. This marks a strategic move as Tether expands beyond crypto into real-world assets. The company also signed an option agreement with AlphaStream Limited, allowing it to buy an additional 34.4 million shares after October 29, 2025, subject to Elemental’s approval. The investment reflects Tether’s effort to diversify its holdings and strengthen its backing through exposure to traditional assets like gold.

Binance has reopened its platform to users in Syria after the suspension of U.S. sanctions. The country has been officially removed from Binance’s Prohibited Countries list, giving Syrian residents full access to trade, invest, and participate in the global crypto market. With this change, Syrians can now join over 270 million users worldwide on the Binance platform. The move marks a major step toward broader crypto inclusion and opens up new financial opportunities for individuals in the region.

The third in Strategy’s series of Bitcoin-backed preferred stocks, $STRD, officially begins trading on Nasdaq today. Designed for fixed-income investors, $STRD offers a unique blend of traditional yield structure with the security of BTC collateral. Issued by Strategy, the product aims to bridge the gap between crypto and conventional finance, giving investors access to a stable, Bitcoin-secured income stream through a regulated market.