Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

U.S.-listed pharma infrastructure firm Wellgistics is integrating XRP for both payments and reserves, backed by a $50 million credit facility. The move is aimed at improving cross-border settlement speed, cutting banking delays, and exploring on-demand payments and programmable liquidity. By leveraging XRP’s real-time capabilities, Wellgistics plans to streamline operations and boost overall efficiency in its supply chain. This marks another step forward in the adoption of crypto for practical business use cases.

The Frankfurt Prosecutor’s Office announced the seizure of the crypto platform eXch by law enforcement. Authorities confiscated €34 million and the platform’s infrastructure. eXch is under suspicion for providing money laundering services related to several high-profile crypto hacks, including the Bybit hack, multisig vulnerabilities, the FixedFloat exploit, and the $243 million Genesis Creditor theft. This crackdown highlights ongoing efforts to combat illicit activities in the crypto space.

Rumble’s pro-crypto CEO has confirmed the company will launch its own Bitcoin and stablecoin wallet in Q3 this year. The upcoming “Rumble Wallet” is being developed in partnership with Tether, a major stablecoin issuer. This move marks Rumble’s entry into the crypto wallet space and sets it up to directly challenge Coinbase Wallet. The goal is to offer users a strong alternative for managing crypto assets, with a focus on simplicity, security, and freedom.

Tokyo-based Metaplanet has raised $21.25 million by issuing zero-interest bonds to grow its Bitcoin reserves. The company is making a strong move in the crypto space, choosing a cost-effective way to invest more in Bitcoin. With no interest to pay, the bonds help Metaplanet boost its digital asset strategy without taking on extra financial pressure. This step highlights the firm’s confidence in Bitcoin’s long-term value and its commitment to crypto-focused growth.

Ethereum’s Pectra upgrade has successfully launched on the mainnet at epoch 364032. This update introduces new smart account wallet features, boosting user experience. It also doubles the Layer 2 blob data capacity, improving scalability. Additionally, validator user experience sees important enhancements. The Ethereum community will keep a close watch on the network over the next 24 hours to ensure everything runs smoothly.

Movement Labs has parted ways with co-founder Rushi Manche and is now under new leadership. The project has rebranded as Move Industries, with two early employees stepping in as the new founders. At the same time, Binance has delayed the next round of HODLer airdrops for MOVE holders. The shake-up marks a fresh chapter for the project’s direction and community engagement.

Arizona’s second Bitcoin reserve bill, SB 1373, has cleared its final reading with Senate approval. The bill now moves to Governor Hobbs, who recently vetoed the first Bitcoin Reserve Bill, SB 1025. This represents a key step in the state’s ongoing efforts to establish a Bitcoin reserve, despite the previous rejection. The final decision now rests with the governor, and the outcome will determine Arizona’s next move in its Bitcoin reserve strategy.

On May 7, 2025, Metaplanet Inc. acquired an additional 555 Bitcoins, utilizing $25 million raised through zero-coupon bonds issued to EVO FUND. The entire raised capital was directed towards purchasing Bitcoin, totaling approximately $53.4 million at an average price of $96,134 per coin. This acquisition has resulted in a 136.7% year-to-date BTC yield for the company. With this purchase, Metaplanet now holds 5,555 BTC, acquired for a total of around $481.5 million at an average price of $86,672 per Bitcoin, reflecting solid strategic planning. Contine To Read

Bhutan has partnered with Binance Pay and local digital bank DK Bank to launch the world’s first national cryptocurrency-based tourism payment system. This new system lets travelers using Binance Pay pay for almost every part of their trip, from hotels to restaurants, using crypto. It’s a bold move that positions Bhutan as a leader in digital finance innovation, making travel more seamless for tech-savvy tourists while boosting the nation’s appeal as a forward-thinking destination.

Emma Reynolds from the UK Treasury announced that the UK will not adopt the U.S. strategy of holding Bitcoin in reserves. Instead, the country will regulate digital assets within its existing financial framework, avoiding the adoption of the EU’s MiCA regulations. This decision highlights the UK’s preference for maintaining a traditional regulatory approach while managing digital asset growth, rather than introducing new, complex frameworks.