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Exodus Movement and Baanx Launch Bitcoin-Powered Debit Card for Everyday Spending

Exodus Movement and Baanx Launch Bitcoin-Powered Debit Card for Everyday Spending

Published:
2025-05-27 11:28:52
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In a significant stride toward mainstream cryptocurrency adoption, Exodus Movement, a U.S.-listed company renowned for its self-custody Bitcoin and crypto wallet, has unveiled the Exodus debit card in partnership with Baanx. Announced at the BTC Vegas conference, this innovative card allows users to spend their crypto holdings seamlessly for everyday transactions, including travel and online shopping, wherever Mastercard is accepted. This development underscores the growing trend of integrating digital assets into traditional financial systems, offering users greater flexibility and utility for their cryptocurrencies. As of May 27, 2025, Bitcoin (BTC) is trading at 109,555.67 USDT, reflecting the ongoing bullish sentiment in the market. The launch of the Exodus debit card is poised to further bridge the gap between crypto and conventional finance, empowering users to leverage their digital assets in real-world scenarios.

Exodus Movement Launches Crypto Debit Card in Partnership with Baanx

U.S.-listed Exodus Movement, known for its self-custody Bitcoin and cryptocurrency wallet, has introduced a new Exodus debit card through a collaboration with Baanx. The card enables users to spend crypto seamlessly for everyday transactions, including travel and online shopping, wherever Mastercard is accepted.

The announcement was made at the BTC Vegas conference, highlighting the growing trend of integrating debit card functionality with self-custody crypto solutions. Beta testing for the VIRTUAL card begins with support for major stablecoins.

This move places Exodus alongside other prominent platforms like MetaMask and 1INCH in the race to bridge digital assets with traditional payment systems.

Bitcoin Long-Term Holders Accumulate Amid Market Turbulence

Bitcoin’s price volatility has triggered significant liquidations while long-term investors seize the opportunity to increase exposure. The cryptocurrency briefly dipped below $111,000, liquidating $97 million in overleveraged long positions. A second wave of liquidations occurred under $109,000, wiping out an additional $88 million on Binance.

Despite the pullback, bitcoin demonstrates resilience, trading at $109,338 after setting a new all-time high above $111,000 last week. Long-term holders are capitalizing on the correction, pushing the realized cap beyond $28 billion—a clear signal of confidence in Bitcoin’s enduring value proposition.

Trump’s Crypto Executive Order Spurs Blockchain Innovation and Bitcoin Solaris Demand

Former President Donald Trump’s crypto-focused executive order aimed to safeguard U.S. interests in the digital asset space, prioritizing American dominance in blockchain innovation. Policymakers reshaped decentralized finance strategies, advocating for federal-level crypto reserves. This move triggered a surge in demand for accessible blockchain participation platforms.

Amid institutional compliance debates, developers and users gravitated toward solutions offering utility beyond speculation. Bitcoin Solaris emerged as a standout, aligning with the order’s principles of sovereignty, scarcity, and accessibility. Its fixed 21 million token supply mirrors Bitcoin’s scarcity model, while its mobile-native design lowers entry barriers.

Trump Media Plans $3 Billion Crypto Investment, DJT Stock Jumps 5%

Trump Media & Technology Group, the parent company of Truth Social, is making a bold entry into cryptocurrency markets. The firm announced plans to raise $3 billion through a combination of equity and convertible bonds, with proceeds earmarked for digital asset investments.

DJT shares surged 5% following the news, reflecting investor enthusiasm for the company’s strategic pivot. The proposed allocation includes potential investments in Bitcoin and other cryptocurrencies, along with expansion into crypto ETF products.

Industry observers note the timing coincides with the upcoming Bitcoin 2025 conference in Las Vegas, where key TRUMP associates including VP JD Vance and Trump family members are scheduled to appear. The move signals growing institutional interest in cryptocurrency as a core asset class.

Nearly Half of Stolen $1.4B from Bybit Now Untraceable

Three months after one of the largest crypto thefts on record, blockchain data reveals that almost half of the $1.4 billion stolen from Bybit has disappeared from public tracking. The funds were systematically laundered through mixing services, with $644 million effectively going dark.

Wasabi Wallet processed the largest portion—$247.5 million, or roughly 966 BTC—while eXch, a mixing service that claimed to shut down in April, handled another $94.1 million. Authorities and exchanges have frozen just $63 million, leaving $693 million still traceable.

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