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Crypto

White House signals major announcement on U.S. strategic bitcoin reserve within weeks, bill to be renamed

The Trump administration’s strategic bitcoin reserve initiative is expected to reach a turning point within weeks, with the White House signaling follow-up steps and Congress moving to rework related legislation. Patrick Witt, who oversees White House digital asset policy, said a major announcement would be made in the coming weeks. Lawmakers are seeking to anchor the policy in law by renaming and refiling the bill as the U.S. Reserve Modernization Act.

Crypto

Trump targets banks at private event attended by Tyson, Tether CEO, backs crypto bill

U.S. President Donald Trump criticised banks for blocking cryptocurrency legislation at a closed-door event at his Mar-a-Lago club in Florida, CoinDesk reported. The gathering was held for hundreds of top holders of the meme coin Official Trump (TRUMP). Trump said he would not let the banking sector derail a digital asset market clarity and market structure bill. Attendees included Tether CEO Paolo Ardoino and others.

Crypto

Bitcoin fails again to break $80,000 as U.S.-China AI tensions return

Bitcoin traded around the $78,000 level but again failed to break above the key resistance level of $80,000, as renewed tension between the United States and China dented risk appetite in the cryptocurrency market. The White House stepped up its stance on AI, while on-chain indicators pointed to resistance near $76,800. In derivatives, Deribit’s $80,000 call options held the largest share, with a notional value of $1.78 billion.