ECB Digital Euro Pilot? Not Quite.
Crypto Twitter exploded this week when it claimed the European Central Bank was launching its digital euro pilot. The tweet went viral, fueling excitement for CBDCs.
But the whole thing? Fake news.
As reported by Crypto Times, the ECB never made such an announcement, and the supposed source was completely fabricated.
A strong reminder: always DYOR (do your research), no matter how credible something seems.
Top Gainers & Losers of the Week
In the Wayex Weekly Gainers and Losers, Maker (MKR) and Quant (QNT) lead the gainers, while Raydium (RAY), dogwifhat (WIF), and Bonk (BONK) saw steep drops, with Raydium plunging nearly 31%.
The CMC Crypto Fear & Greed Index currently sits at 55, indicating a neutral sentiment in the market. Investors are neither overly fearful nor overly greedy at this point.
We’re launching the Wayex Weekend Crypto Rush for our users, running every weekend in June.
It's super simple: make a crypto transaction of $50 or more, and you could score $50 back in your favourite token (T&Cs apply).
Trump Digital Wallet: The Who, What, and Why?
The Trump family’s crypto saga continues.
A recent newsletter from Citation Needed reported that Magic Eden was partnering with Trump’s team to launch a new wallet.
It didn’t take long before Donald Trump Jr. denied it, clarifying that the real Trump wallet, backed by World Liberty Financial, is still on the way.
Eric Trump responded with a vague legal threat over unauthorised use of the Trump name.
The real drama? It centres around Fight Fight Fight LLC, the firm behind the $TRUMP coin, which reportedly has no formal ties to the Trump Organisation.
Magic Eden and the coin’s issuer, Bill Zanker, say it’s legit - but this one’s far from over.
The Government Is Coming for Crypto – and That’s a Good Thing
California Considers Crypto for Government Payments
Although it hasn’t been passed yet, California’s state legislature is reviewing legislation to allow cryptocurrency payments for government services. It's part of a broader trend toward U.S. crypto adoption, especially under a Trump-led White House.
However, California Congress did discuss a law to seize unclaimed crypto wallets from exchanges. The bill, if passed, allows the state of California to seize cryptocurrencies left unclaimed on exchanges for 3 years, which their owners can then claim.
SOOOOOO maybe we’ll need to reserve judgement on this right now…..
South Korea Elects Crypto-Friendly President
Lee Jae-myung just won South Korea’s presidential race with 49.42% of the vote. His platform? Very pro-crypto.
He’s promising to legalise spot ETFs, push institutional adoption, and improve user protections - a big deal in a country with over 15 million crypto holders.
Big Moves in Crypto Across Europe
Ripple x Germany’s DZ Bank
Ripple has partnered with DZ Bank, one of Germany’s largest financial institutions, to launch a digital asset custody platform. This extends Ripple’s reach into core financial infrastructure for institutional clients.
📉 Treasury Moves Worth Watching
KWave Media Eyes Bitcoin Standard
Nasdaq-listed entertainment firm K Wave Media (KWM) announced that it has entered a securities agreement with Bitcoin Strategic Reserve KWM LLC for the sale of up to $500 million of its shares.
NGX Goes All In on Bitcoin
Norway’s NGX joined those adopting a BITCOIN treasury strategy. The strategic move resulting and its stock jumped 138%. Even the sovereign wealth fund upped its BTC exposure by 153%.
Solana Memecoin Mayhem
Solana’s meme coin culture is about to take a leap forward
Pump.fun, a Solana-based launchpad, plans to raise $1 billion in a presale for its $PUMP token. With $ 700 M+ in revenue this year and the launch of PumpSwap (its AMM), the team is also promising to share 50% of revenue with token creators.
Solana’s meme economy is becoming a major ecosystem in its own right.
New to Wayex?
If you’ve been with us for less than 30 days, don’t forget you’ve got 30 days of fee-free trading. Keep stacking those sats and levelling up your crypto game.
Something That Made Us Laugh This Week
Founder’s Corner
This week was a wild mix of fact, fiction and future building. And through the noise, one thing is clear: the institutions and governments aren’t just watching anymore. They’re acting.
“We’re seeing a structural shift. Holding Bitcoin on the balance sheet is no longer just a hedge; it is a strategic investment. It’s fast becoming a signal of long-term conviction in digital value.”
- Andrew Grech, Co-Founder, Wayex
At Wayex, the future of finance is decentralised, but credible. Borderless, but trusted. And that’s what we’re here to build with you.
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Until next time,
- The Wayex Team
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