Category: Bitcoin News

Strategic Bitcoin Reserve framework firmly on the horizon: White House official

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The White House says it has achieved a legal and custody “breakthrough” for the US Strategic Bitcoin Reserve, finally giving Washington a compliant way to safeguard billions in seized BTC. Summary White House Digital Assets Executive Director Patrick Witt confirmed legal and custody frameworks for the Strategic Bitcoin Reserve are now in place The announcement signals the administration has cleared key regulatory hurdles without requiring immediate congressional action Witt described the development as a “breakthrough” that allows proper safeguarding of government-held digital assets The White House has confirmed a major…

Blackrock and Ark Drive $1B Bitcoin ETF Selloff as XRP Demand Accelerates

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Key Takeaways Bitcoin ETFs lost $1B, ending a 6-week inflow streak led by ARKB and IBIT exits. Ether ETFs shed $255M, while XRP and solana gained $60.5M and $58.12M, respectively. XRP and solana demand rose as investors favored crypto assets tied to regulation and utility. Franklin and Bitwise Drive XRP ETF Gains as Bitcoin Sentiment Weakens The mood in digital asset markets shifted decisively between May 11 and May 15. What began as a cautious pullback quickly evolved into one of the weakest weeks for bitcoin exchange-traded funds (ETFs) in…

Bitcoin Price Outlook Turns Cautious as Resistance Builds Near $78,400

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Key Takeaways Bitcoin trades between $76,900 to $77,465 on May 18, 2026, just before 10 a.m. ET, while BTC holds above the key $76K support range. Market indicators show BTC momentum weakening with MACD and Momentum flashing bearish signals. Market data further shows bitcoin volume near $33 billion on Monday as traders watch $78.4K resistance. Bitcoin Chart Outlook On the 1-hour chart, bitcoin continues to stabilize after a sharp selloff earlier in the session, with price action consolidating between approximately $76,700 and $78,400. Intraday momentum remains rather weak, though a…

Iran launches ‘Hormuz Safe’ Bitcoin insurance platform for Strait of Hormuz shipping

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Iran’s Hormuz Safe offers Bitcoin-settled insurance for Hormuz shipping, aiming for $10B revenue while testing US sanctions limits and spooking regulators and shippers. Summary Iran’s Ministry of Economy has launched “Hormuz Safe,” a Bitcoin-settled maritime insurance platform targeting vessels transiting the Strait of Hormuz and the Persian Gulf. The platform issues digitally verifiable insurance policies and financial responsibility certificates, with premiums payable in Bitcoin and other cryptocurrencies, bypassing Western banking channels. Iranian officials claim the platform could generate more than $10 billion in annual revenue, though no independent data has…

Bitcoin Depot Shuts ATM Network as Chapter 11 Pushes Asset Sale

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Key Takeaways Bitcoin Depot began Chapter 11 to wind down operations and sell company assets. Regulatory pressure has tightened BTM rules through transaction limits, licensing, and compliance obligations. International entities will follow separate proceedings as the asset sale process continues. Bitcoin Depot Begins Chapter 11 Process Amid Regulatory Pressure Bitcoin Depot Inc. (Nasdaq: BTM) announced on May 18 that it initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas. The filing is intended to support an orderly wind-down of operations and facilitate…

Strategy Grabs 24,869 BTC for $2.01B, Now Holds 843,738 Bitcoin Total

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Key Takeaways Strategy adds 24,869 BTC for $2.01 billion, bringing its total holdings to 843,738 bitcoin as of May 17, 2026. The $75,700 blended average cost basis and 12.6% BTC Yield YTD signal continued confidence in bitcoin as a treasury asset. Strategy plans to retire $1.5 billion in 2029 convertible notes, reshaping its debt structure going forward. Strategy Crosses 843K BTC After $2 Billion Purchase and Convertible Note Buyback Michael Saylor announced the purchase on May 18, 2026, via X, noting an average acquisition price of roughly $80,985 per bitcoin…

Saylor’s Strategy adds 24,869 BTC as Bitcoin falls below $77K

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Strategy bought 24,869 Bitcoin for about $2.01 billion between May 11 and May 17.  Summary Strategy’s latest purchase lifted its Bitcoin holdings to 843,738 BTC, over 4% of total supply. The company funded the buy through MSTR common stock and STRC preferred stock sales. Market updates showed Bitcoin below $77,000 as ETF outflows and liquidations pressured crypto prices. The company paid an average price of $80,985 per Bitcoin, including fees and expenses, according to its May 18 Form 8-K. The purchase raised Strategy’s total holdings to 843,738 BTC. The company…

Bitcoin Cash breaks below $400 level, is a return to 2025 lows next?

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Bitcoin Cash price plunged sharply this week after losing the key psychological $400 support level, raising concerns that the cryptocurrency could revisit its 2025 lows if bearish momentum continues accelerating. Summary Bitcoin Cash price plunged more than 11% below the key $400 support level, falling to its lowest point since early March. Bearish momentum strengthened after a MACD bearish crossover, while RSI dropped near 21, signaling deeply oversold conditions. Analysts now see the $320–$340 region as the next major downside target if BCH fails to reclaim the broken $400 support…

Bitcoin braces for Fed minutes and Nvidia earnings after $661M wipeout

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Bitcoin fell below $77,000 on May 18 as selling pressure spread across the crypto market.  Summary Bitcoin’s drop below $77,000 came as ETF outflows and forced liquidations weakened short-term market sentiment. Fed minutes, jobs data and sentiment reports may shape rate expectations across markets this week. Nvidia’s May 20 earnings could guide AI stock demand and AI-linked crypto tokens this week. crypto.news reported that U.S. spot Bitcoin ETFs recorded more than $1 billion in net outflows last week, while more than $661 million in crypto positions were liquidated within 24…

Capital B deploys newly raised funds into $15.1M bitcoin purchase

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Capital B has expanded its bitcoin treasury after deploying newly raised capital into the purchase of 192 BTC worth €13 million ($15.1 million). Summary Capital B purchased 192 BTC for €13 million after completing three capital raises worth about €17.15 million. The France based company now holds 3,135 BTC acquired at an average purchase price of $105,270 per bitcoin. In a Monday announcement, Capital B said the latest acquisition followed the completion of three separate capital increases that brought in roughly €17.15 million ($20 million). The France-based company stated that…