Tag: Bitcoin

Goldman Sachs Exits XRP and Solana ETFs as Bitcoin Holdings Reach $700M

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Key Takeaways Goldman Sachs exited XRP and solana ETFs, cutting ether exposure by 70% in Q1. Goldman kept $700M in bitcoin ETFs while boosting Coinbase and Circle investments. Wall Street firms are rotating toward bitcoin and crypto infrastructure amid volatility. Goldman Sachs Reshapes Crypto Portfolio as Institutional Focus Shifts to Bitcoin Goldman Sachs significantly reshaped its digital asset portfolio in the first quarter of 2026, exiting positions tied to XRP and solana exchange-traded funds (ETFs) while sharply reducing exposure to ether ETFs, according to its latest regulatory filing. The Wall…

Crypto Funds Post $1B in Outflows as Iran Tensions Weigh on Bitcoin, Ether

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Cryptocurrency investment products posted heavy outflows last week as investors reduced risk amid inflation fears and uncertainty over a lasting ceasefire between the United States and Iran. According to CoinSharesโ€™ latest weekly report, digital asset exchange-traded products (ETPs) recorded $1.07 billion in net outflows, ending a six-week streak of inflows. It marked the third-largest weekly outflow this year. Bitcoin (BTC) investment products accounted for the bulk of the withdrawals, with $982 million in outflows. Ether (ETH) products lost $249 million, their largest outflow since the week ending Jan. 30. Altcoin…

Gov. Walz Signs Bitcoin Custody Bill, Letting Minnesota Banks Hold Crypto Aug. 1

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Key Takeaways Minnesota Gov. Tim Walz signed HF 3709, letting state-chartered banks offer bitcoin and crypto custody. The law takes effect Aug. 1, 2026, requiring a 60-day Commerce Department notice before services launch. St. Cloud Financial Credit Union reported 20% of members hold crypto, signaling strong local demand. State-Chartered Banks in Minnesota Will Be Able to Custody Bitcoin Under New Law The legislation, now Chapter 93 of the 2026 Session Laws, takes effect Aug. 1, 2026. It applies only to services offered on or after that date. Under the new…

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 โ€œbreakthroughโ€ 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 โ€œbreakthroughโ€ 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…

Bitcoin Price Crashes to $77K Amid $600M in Liquidations

The Bitcoin price suffered a rough weekend, which erased weeks of cautious optimism in a matter of hours. The flagship cryptocurrency was trading near $76,860 at press time, down roughly 5% on the week, after a sharp flush that caught leveraged bulls badly exposed. What the headline number doesnโ€™t fully capture is the structural damage underneath, and whether the $77,000 zone can hold long enough to matter. Exchanges liquidated approximately $677M in leveraged long positions over a 24-hour window, according to CoinGlass data, the largest single-day wipeout since February 6,…

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

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Iranโ€™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 Iranโ€™s Ministry of Economy has launched โ€œHormuz Safe,โ€ 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…