During a Friday appearance on Bloomberg, Michael Saylor, executive chairman at Strategy, opined that the tariffs on Swiss gold bars will accelerate migration to Bitcoin. 

He has stressed that the big appeal of Bitcoin is that it is not physical, quipping that there are “no tariffs in cyberspace.” “It doesn’t have weight. You can settle anywhere with anybody in a few minutes. Gold has always been too heavy, too slow, and you can’t ship it across an ocean. And if you do, now you are getting tariffed,” Saylor commented. 

Saylor has opined that this will be a new catalyst that will result in another wave of institutional adoption. 

Earlier this week, the news of the U.S. imposing tariffs on gold bars sent shockwaves across the bullion market. 

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The White House now intends to issue an executive order clarifying what has been described as “misinformation,” Reuters reports. 

Unbothered by altcoin hype

Saylor says that he is convinced that the vast majority of capital is still currently flowing into Bitcoin while addressing the growing number of treasury companies that are pivoting to altcoins. 

The number of Bitcoin treasury companies has grown from 60 to about 160 over the past six months, he says.

Altcoins advanced sharply last week while Bitcoin (BTC) held near record levels, shifting market leadership toward higher-beta tokens, according to the latest edition of the “Bitfinex Alpha” report. 

Bitcoin reached an all-time high of $123,054, a 65% climb from its April low, before entering a sideways range between $116,000 and $120,000.

As the flagship crypto entered a phase of consolidation, its share of the total crypto market cap fell 6.9% after seven consecutive daily declines in the dominance index, the steepest decline since December 2023. 

Such dominance contractions without a concurrent BTC sell-off have historically marked the onset of altcoin-led phases.

Large-caps spearhead the catch-up rally

Ethereum (ETH) rallied 19.45% and XRP 21.4% over the week. Meanwhile, the market index excluding stablecoins and the top ten assets, referred to as the “Others” index, climbed 35%, equating to approximately $85 billion.

Solana (SOL) also outperformed, drawing liquidity from Bitcoin as traders sought greater upside. The breadth of the move signals broader participation beyond early-cycle BTC accumulation, a pattern typical in mid-cycle expansions when investors raise risk tolerance.

Despite losing relative share, Bitcoin still trades above the cost basis of 95% of coins in circulation.

Long-term holders have shifted to net distribution, transferring coins to shorter-term wallets, ETFs, and retail entrants.

The spot price now sits just below the short-term holder band near $120,000, a level that historically attracts profit-taking. The next statistical resistance lies near $136,000.

This structure leaves Bitcoin fundamentally firm yet more reactive to dips, while altcoins capture incremental flows.

Market outlook

Market mechanics suggest a baton pass rather than a reversal. Bitcoin’s consolidation above realized cost maintains a supportive floor, but relative momentum rests with altcoins as capital rotates. 

Whether the rotation endures will rely on continued spot demand for Bitcoin and sustained liquidity in large-cap tokens. 

For now, performance dispersion defines the landscape, with altcoins setting the pace while Bitcoin digests earlier gains.

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Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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June 14, 2025

GameStop has increased its convertible note offering to $2.25 billion, up from the $1.75 billion announced earlier this week, according to a Thursday evening press release.

The move comes just months after a similar $1.5 billion raise in April and follows the company’s recent entry into Bitcoin.

Shares of the Texas-based retailer dropped 24% over the past week, closing Friday at $22.14, despite holding steady after the announcement.

GameStop’s Zero-Coupon Notes Come with 32.5% Conversion Premium

The notes, which bear no interest, carry a conversion price of around $28.91 per share — a 32.5% premium over the stock’s Thursday afternoon average.

The structure mirrors the strategy employed by MicroStrategy, which has used premium note offerings to expand its Bitcoin holdings without immediate dilution.

GameStop first disclosed it had purchased 4,710 Bitcoin in March, pushing the stock above $28 at the time. Whether the company plans to expand its crypto reserves remains uncertain.

CEO Ryan Cohen has made it clear that GameStop won’t emulate other firms or signal its buying patterns. In a recent interview, he declined to say whether more BTC purchases were planned.

The press release kept options open, stating that proceeds would be used for “general corporate purposes,” including investments aligned with GameStop’s investment policy and “potential acquisitions.”

While vague, the language leaves the door open for further digital asset moves.

GameStop’s previous crypto ventures have been mixed. The company launched an NFT marketplace during the last market cycle but shut it down early last year.

At its annual shareholder meeting, Cohen pivoted focus toward trading cards—now making up nearly 30% of quarterly revenue.

“We’re focusing on trading cards as a natural extension of our existing business,” he said.

With capital in hand and crypto already on its books, GameStop could revisit Bitcoin when market conditions align.

223 Companies Hold Bitcoin

A growing list of firms is embracing Bitcoin as a balance sheet hedge or strategic investment. Recent data shows 223 public companies now hold Bitcoin, up from 124 just days earlier.

In total, more than 819,000 BTC, approximately 3.9% of the total supply, is currently held by public firms, according to BitcoinTreasuries.NET.

MicroStrategy remains the largest corporate Bitcoin holder, with 580,250 BTC worth approximately $60.9 billion.

Other major holders include Marathon Digital Holdings and Tesla, both with over $1 billion in Bitcoin.

Last week, Japanese investment firm Metaplanet unveiled an ambitious new target to amass 210,000 Bitcoin by the end of 2027.

As reported, digital asset companies are flooding capital markets to raise funds for large-scale Bitcoin acquisitions, spurred by the cryptocurrency’s rally to a record $111,965 last week.

The surge, up more than 50% from early April, has ignited a wave of listings and mergers as firms race to secure funding while investor appetite remains strong.

The digital economy is evolving rapidly, and cryptocurrency is no longer just a buzzword among tech enthusiasts. For eCommerce retailers, digital currencies present practical opportunities that can drive growth, improve efficiency, and attract new customer segments. This blog explores how cryptocurrency is shaping the future of online retail, the benefits and challenges for merchants, and actionable insights for businesses considering crypto payment integration. If you’re a business owner or decision-maker looking for a Crypto exchange Development Company, this comprehensive guide will help you make informed choices and stay ahead in the competitive eCommerce market.

Cryptocurrency, once viewed as a speculative asset, is now a viable payment option for businesses worldwide. With the rise of Bitcoin, Ethereum, and a growing list of altcoins, digital currencies are steadily gaining acceptance in mainstream commerce. Major eCommerce platforms like Shopify, WooCommerce, and BigCommerce already offer integrations for crypto payments, signaling a shift in how retailers and consumers transact online.

The integration of cryptocurrency into eCommerce is not just a trend-it’s a response to the demands of a global, digital-first customer base. As more consumers seek alternatives to traditional banking and payment systems, retailers who adapt early can position themselves as industry leaders.

What is Cryptocurrency?

Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (fiat money), cryptocurrencies operate on decentralized blockchain networks. This means transactions are recorded on a public ledger, providing transparency and security without the need for central authorities like banks.

How Does Crypto Work in eCommerce?

In eCommerce, cryptocurrency functions as an alternative payment method. Customers can pay for goods and services using their digital wallets, and transactions are processed almost instantly through blockchain technology. Payment gateways like BitPay, Coinbase Commerce, and NOWPayments facilitate these transactions, converting crypto to fiat if needed and ensuring compliance with regulatory requirements.

Access to a Global Customer Base

Cryptocurrency knows no borders. By accepting digital currencies, retailers can reach customers in regions where traditional banking is limited or where cross-border payments are costly and slow. This opens up new markets and increases sales opportunities.

Reduced Transaction Fees

Traditional payment processors and credit card companies often charge fees ranging from 1.5% to 5% per transaction. Crypto transactions typically incur much lower fees, sometimes as low as a fraction of a percent. This cost saving can significantly impact profit margins, especially for high-volume retailers.

Faster Payment Processing

Unlike bank transfers, which can take days-especially for international transactions-cryptocurrency payments are processed nearly instantly. This speed benefits both merchants and customers, enabling quicker order fulfillment and improved cash flow.

Enhanced Security and Fraud Prevention

Blockchain technology provides robust security features. Transactions are encrypted and irreversible, reducing the risk of chargebacks and fraudulent activities. This gives peace of mind to both retailers and shoppers.

Attracting Tech-Savvy and Privacy-Conscious Customers

A growing segment of consumers values privacy and innovation. Accepting crypto signals that your business is forward-thinking and respects customer data privacy, attracting a loyal, tech-savvy audience.

Marketing and Differentiation

Being an early adopter of crypto payments can set your brand apart from competitors. It provides a unique marketing angle and positions your business as innovative and responsive to digital trends.

Future-Proofing Your Business

The adoption of cryptocurrency is expected to grow as regulatory frameworks mature and consumer trust increases. Integrating crypto payments now helps businesses stay relevant and prepared for future shifts in payment preferences.

Shopify

Shopify merchants can accept Bitcoin, Ethereum, and stablecoins through integrations with BitPay, Coinbase Commerce, and NOWPayments. This flexibility allows businesses to tap into the growing crypto market and offer secure, fast payment options.

WooCommerce

WooCommerce, a popular WordPress plugin, supports crypto payments via plugins like CryptoWoo and BitPay. This makes it easy for small and medium-sized businesses to expand their payment options with minimal technical effort.

BigCommerce

BigCommerce offers integrations with CoinPayments, BitPay, and OpenNode, making it suitable for larger retailers seeking scalable crypto payment solutions. The platform emphasizes security and low transaction fees, helping merchants access new customer segments.

Blockchain is a decentralized digital ledger that records transactions across multiple computers, ensuring transparency, security, and immutability. Each block contains a list of transactions, and once recorded, data cannot be altered without consensus from the network.

• Transparency: All transactions are recorded and verifiable, reducing disputes and building trust with customers.
• Data Security: Decentralized storage makes it difficult for hackers to compromise data, protecting sensitive customer information.
• Supply Chain Visibility: Blockchain can track products from origin to sale, improving inventory management and authenticity verification.
• Smart Contracts: Automated agreements can streamline processes like payments, refunds, and loyalty programs, reducing administrative overhead.

Volatility

Cryptocurrency prices can fluctuate significantly, posing risks for both merchants and consumers. Some payment processors offer instant conversion to fiat currencies, mitigating this risk and providing price stability for retailers.

Regulatory Uncertainty

The legal status of cryptocurrencies varies by country, and regulations are still evolving. Businesses must stay informed about local compliance requirements and work with reputable payment processors to ensure adherence to laws.

Security Concerns

While blockchain is secure, digital wallets and exchanges can be targets for cyberattacks. Retailers should implement robust security protocols, educate staff, and choose trusted partners for crypto payment processing.

Technical Integration

Integrating crypto payments may require technical expertise, especially for custom eCommerce platforms. Working with a Crypto exchange Development Company can simplify the process and provide ongoing support.

1. Assess Your Business Needs

Evaluate your target audience, transaction volumes, and geographic reach. Determine which cryptocurrencies align with your customer base and business goals.

2. Choose a Payment Processor

Select a reliable crypto payment gateway that supports the coins you want to accept, offers instant conversion options, and complies with regulatory standards.

3. Integrate with Your eCommerce Platform

Most leading eCommerce platforms offer plugins or APIs for crypto payments. Work with your development team or a Crypto exchange Development Company to ensure smooth integration.

4. Update Policies and Train Staff

Revise your terms of service, privacy policy, and refund procedures to reflect crypto payment options. Train customer service teams to handle crypto-related inquiries.

5. Promote Your New Payment Option

Highlight your acceptance of cryptocurrency on your website, marketing materials, and social media channels to attract crypto users and differentiate your brand.

Cryptocurrency is particularly advantageous for cross-border transactions. Traditional methods often involve high fees, currency conversion costs, and delays. Crypto payments eliminate intermediaries, reduce costs, and provide instant settlement, making international commerce more accessible for both retailers and customers.

• Privacy: Customers can transact without sharing sensitive financial details.
• Speed: Orders are processed quickly, with immediate payment confirmation.
• Global Access: Shoppers from countries with limited banking infrastructure can participate in global eCommerce.
• Lower Costs: Reduced transaction fees can translate into better prices or value-added services.

Retailers can use blockchain to create transparent, automated loyalty programs. Smart contracts can issue rewards instantly when customers complete qualifying actions, improving engagement and retention. These programs can also be tokenized, allowing customers to trade or redeem points across partner businesses.

The adoption of cryptocurrency in eCommerce is expected to accelerate as technology matures and regulatory clarity improves. Decentralized eCommerce platforms, powered by blockchain, may become more common, enabling peer-to-peer transactions without intermediaries.

Emerging trends include:

• Integration with IoT and AI: Smart devices can autonomously process payments and verify transactions.
• Sustainable Commerce: Blockchain enables transparent tracking of product origins, supporting ethical and sustainable shopping.
• Decentralized Marketplaces: New business models may emerge, giving consumers more control and choice.

Selecting a trusted partner is crucial for successful crypto payment integration. A professional Crypto exchange Development Company can:

• Assess your business requirements and recommend suitable crypto solutions.
• Ensure secure, compliant, and scalable integration with your eCommerce platform.
• Provide ongoing support, updates, and security enhancements.
• Help you navigate regulatory challenges and stay ahead of industry developments.

Q: Is it legal to accept cryptocurrency in my country?
A: Regulations vary. Consult local authorities and choose a payment processor that complies with relevant laws.

Q: Can I convert crypto payments to fiat instantly?
A: Yes, many payment gateways offer instant conversion, protecting you from price volatility.

Q: What cryptocurrencies should I accept?
A: Bitcoin and Ethereum are the most popular, but stablecoins like USDT or USDC are gaining traction for their price stability.

Q: How do I handle refunds for crypto payments?
A: Refunds can be processed in crypto or fiat, depending on your policy and payment processor capabilities.

Cryptocurrency offers eCommerce retailers a powerful tool to expand their customer base, reduce costs, and improve security. By understanding the benefits and challenges, and partnering with a reputable Crypto exchange Development Company, businesses can position themselves for long-term success in the digital economy.

Ready to accept cryptocurrency and unlock new opportunities for your eCommerce business? Codezeros specializes in Crypto exchange Development, helping retailers integrate secure, scalable, and user-friendly crypto payment solutions. Whether you’re a small business or a large enterprise, our team will guide you through every step-from strategy to implementation and ongoing support.

Contact Codezeros today to learn how our Crypto exchange Development Company can help your business thrive in the digital age.

Wells Fargo customers may be eligible to be beneficiaries of a $185 million payout from the bank following a court’s approval of a massive class action settlement.

A lawsuit initiated last year claims that during the Covid-19 era, Wells Fargo issued mortgage forbearances to its customers when they didn’t want them, causing unnecessary hardship while also negatively affecting credit scores due to halted payments.

Plaintiffs alleged that the bank decided to provide mortgage forbearances to certain clients who had made an inquiry or expressed hardship but didn’t explicitly request a forbearance.

While Wells Fargo did not admit to any wrongdoing, the bank has agreed to pay $185 million to affected customers.

According to Top Class Actions, Wells Fargo customers who had a mortgage placed into COVID mortgage forbearance without informed consent between March 1, 2020, and Dec. 31, 2021 are eligible for compensation.

Some customers have reportedly already received letters from Wells Fargo in the mail in regards to the payout.

In an emailed statement to marketplace.org, a Wells Fargo spokesperson said,

“During the early stages of the pandemic, Wells Fargo worked hard to help customers who expressed concern about financial hardship and their ability to make their next mortgage payments… We support this settlement because we believe it is in the best interests of our customers.”

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BitMEX founder Arthur Hayes says Bitcoin (BTC) will likely benefit from the ongoing trade war and a US-China decoupling.

In a new interview with the host of the Forward Guidance YouTube channel, Felix Jauvin, Hayes says governments around the world will likely have to print money to offset the impacts of the trade war, which has ignited massive Bitcoin rallies in the past.

“China’s not alone. It’s every major economy needs to print a bunch of money to basically cushion the effects of this attempted divorce, this decline in globalization. But at the end of the day, yeah, they’re going to print money – Bitcoin benefits.

Now the reciprocal of the current account deficit in the US is our financial account surplus. And so all these dollars that got earned, the trillions of dollars that got earned selling stuff to America, got recycled into Treasury bonds and stocks and Mag 7, all the big US tech stocks. So mathematically, if [US President Donald] Trump is serious about reducing the current account to zero, then foreigners have to sell stocks – period. It’s just math.

And then the question is, okay, well, can the US government survive financially if there’s a big decline in capital gains taxes because the market’s not going up? I don’t think so. Therefore, we get a printing money function and Bitcoin benefits. It finally decouples from tech because of the structural flows and what needs to happen from an affordability standpoint for the US government.”

While some in the crypto space suggest the market turmoil may prompt central banks to start accumulating Bitcoin to diversify their asset holdings, Hayes believes central banks will continue to turn to gold as a hedge, not the flagship crypto asset.

“I actually don’t think that they’re mentally prepared for that sort of leap. They understand gold. They’ve been trained in gold. They’ve read history books about gold.”

Bitcoin is trading for $94,832 at time of writing, up 1.2% in the last 24 hours.

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Galaxy head of research Alex Thorn believes the GENIUS Act could favor Tether by allowing it to operate under relatively flexible conditions.

Thorn assessed that the bill would open a pathway for Tether to register onshore but would not require it to do so to continue operations.

Limited restrictions for offshore issuers

Based on the bill’s current text, if Tether chooses not to register under the new framework, it would not be violating any laws. 

Under the bill’s current language, the primary restrictions on non-registered stablecoin issuers like Tether would include interbank settlement prohibitions and marketing their tokens as “stablecoins” within the US. 

Thorn said the first restriction is not currently a significant issue for Tether but could impact future adoption in institutional finance. 

The second restriction, which was reportedly introduced as an amendment during a recent Senate Banking Committee session, would prevent Tether from advertising USDT as a stablecoin within the US market but would not stop it from being traded onshore.

The GENIUS Act proposes a regulatory framework for stablecoins, defining rules for issuance and oversight. The regulation includes a 1:1 reserves requirement, consisting of US dollars, insured bank deposits, or short-term Treasury bills.

The Senate Banking Committee approved the bill on March 13 with bipartisan support. It is now clear for a full Senate vote.

Registration pathways

The GENIUS Act appears to provide Tether with a clear option to register as a stablecoin issuer in the US, likely through the Office of the Comptroller of the Currency (OCC). If it chooses this route, Tether could either register USDT fully or create a subsidiary that issues a compliant version of the token. 

However, if Tether does not register, it can still operate in the US if it adheres to compliance requirements set by the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN), which it already does.

Thorn added that the bill provides important clarifications regarding anti-money laundering protections. The US Treasury will only designate a foreign, non-registered issuer as non-compliant if it fails to comply with lawful orders to freeze or seize assets. 

This designation would not be automatic for all non-registered stablecoin issuers. Tether has a history of complying with such orders and has frozen at least 2,150 addresses to date, which suggests it would not be at immediate risk of being classified as non-compliant under the GENIUS Act.

Additional restrictions

The analyst also highlighted new amendments to the bill that introduce further limitations on offshore, non-registered stablecoins. 

Specifically, stablecoins issued by entities not registered under the framework would not be treated as cash equivalents for accounting purposes.

They would not be eligible for margin or cash equivalency treatment by broker-dealers, swap dealers, futures commission merchants (FCMs), or derivatives clearing organizations (DCOs). 

Thorn reiterated that these measures would limit unregistered stablecoins’ financial and institutional use but would not bar their existence or prevent trading within the US market.

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