U.S. Strategic Bitcoin Reserve Announcement Could Arrive Soon, Says White House Adviser

The post U.S. Strategic Bitcoin Reserve Announcement Could Arrive Soon, Says White House Adviser appeared first on Coinpedia Fintech News  White House digital assets adviser Patrick Witt recently confirmed that an announcement regarding the Strategic Bitcoin Reserve is coming soon. The comments from Patrick Witt are now fueling fresh speculation that the U.S. government may be moving closer toward securing and managing one of the worlds largest sovereign Bitcoin holdings.  White House Says Bitcoin Reserve Update Is Near  Speaking at recent crypto industry events, Witt described the development as a “breakthrough” after the administration reportedly solved several legal and custody-related hurdles tied to safeguarding government-held digital assets.  “Well have an announcement,” while declining to reveal full details publicly.  The latest comments mark one of the clearest signals yet that the White House may finally be preparing operational details for the reserve after months of behind-the-scenes work.  White House Has Been Hinting at the Bitcoin Reserve for Weeks  Interestingly, this latest statement is not the first time Patrick Witt has teased an upcoming announcement regarding the U.S. Strategic Bitcoin Reserve.  Back in late April, Witt said an official update would arrive “in the next few weeks,” explaining that the White House was still working through the legal structure and

05-21

FXIFY Marks Three Years with $40M Paid Out and a $3M Giveaway

FXIFY, the first broker-backed prop firm, is marking its third anniversary. Three years in, FXIFY has delivered on the model it set out to build. With over $40 million paid out, 250,000 active traders worldwide, and a highest single payout of $117,000, FXIFY enters year four as one of the most trusted names in prop trading.  FXIFY launched with a straightforward mission: build a prop firm that actually works for traders. Not built to collect challenge fees, but to pay traders who earn them. In an industry where many firms profit when traders fail, FXIFY is built around traders who succeed. The results since then have been unambiguous.  David Bhidey, Co-Founder of FXIFY said: “We didn‘t guess what traders needed. We listened, and we built. Every product we’ve launched, every platform we‘ve added, every rule we’ve refined – it came from paying attention to the people using our firm every single day. Thats how we operate.”  From day one, FXIFY set itself apart through infrastructure most prop firms cant replicate. The firm was the first in the industry to be broker-backed, and also the first to offer payouts on demand; a standard that has since become the benchmark others are measured against. Today,

05-21

Donald Trump Gives the Fed 120 Days to Open Payment Access to Crypto Firms

Donald Trump, Source: The White HouseFederal Reserve Payment Account Review  The order asks the Federal Reserve Board to complete a parallel review within 120 days. The evaluation covers whether uninsured depositories and non-bank firms, including crypto companies, can access Reserve Bank payment services.  It also asks whether individual Federal Reserve Banks can act independently on such applications. That question echoes earlier disputes over master account access for crypto-focused banks like Custodia.  Where existing law allows expanded access, the order asks the Fed to publish transparent application procedures. Complete applications must then receive a decision within 90 days.  Industry Reaction  Custodia Bank founder Caitlin Long welcomed the directive. She has long argued that the Federal Reserve has blocked legally-eligible institutions from the US payment system. Custodia lost a 2023 court fight to win master account approval. The Trump administration has also pushed earlier orders targeting crypto debanking.  The directive lands as crypto firms continue to push for federal payment system access. Kraken became the first crypto firm to plug directly into the Fed earlier this year. Ripple and others remain in the application pipeline. The coming 90 to 180 days will show how quickly regulators translate the order into concrete rule changes.  The post Donald Trump Gives the

05-21

Ethereum Price Prediction: ETH Holds $2,100 as Whales Exit

Ethereum is holding the lower edge of its green Gaussian Channel, keeping the short-term bounce setup alive near $2,100. However, whale count data shows large ETH holders have been leaving or consolidating positions, putting the $2,000 support level back in focus.  Ethereum Price Backtests Green Gaussian Channel as $2,100 Support Holds  Ethereum is backtesting the green Gaussian Channel on the daily Bitstamp chart shared by Sky on X, with price holding near the lower channel area for several sessions.  The ETH/USD chart shows Ethereum trading near $2,110 after pulling back from the recent range near $2,370. The latest candles sit close to the lower edge of the green Gaussian Channel, where the analyst marked a possible support reaction.  ETH/USD Daily Gaussian Channel Chart. Source:  The channel had already flipped from purple to green. That matters because the previous purple phase showed weaker trend conditions, while the green phase points to a possible recovery setup.  However, ETH still needs to hold the current support area. The chart shows the lower channel band near $2,102, while price remains only slightly above it.  A daily close below this zone would weaken the backtest and could bring the lower range near $2,025 back into focus.  If Ethereum holds the channel, the first

05-21

Trump Orders Fed to Review Crypto Firms’ Access to Master Accounts

U.S. President Donald J. Trump signed an executive order Tuesday directing federal financial regulators to review and update rules for integrating digital assets and fintech into traditional financial services.Federal regulators have 90 days to identify regulations that impede fintech partnerships with federally regulated institutions, followed by 180 days to encourage innovation based on findings.The Federal Reserve must evaluate within 120 days whether it has legal authority to grant non-bank financial companies, including digital asset firms, direct access to Federal Reserve payment accounts.  U.S. President Donald J. Trump signed an executive order Tuesday mandating federal financial regulators to streamline rules within 90 days, potentially opening Federal Reserve payment systems to digital asset companies.  The order requires the Federal Reserve, Consumer Financial Protection Bureau, Securities and Exchange Commission, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and National Credit Union Administration to complete their regulatory reviews by mid-August.  The Federal Reserve faces the most specific mandate: submit a report within 120 days evaluating its legal authority to extend direct access to Federal Reserve payment accounts for non-bank financial companies, including digital asset firms. If existing law permits such access, the Fed must create transparent application procedures and render

05-21

XRP institutional demand declines in May

The institutional demand for XRP, the native token of the XRP Ledger (XRPL), declined in May after a notable accumulation in April 2026.  The XRP institutional accumulation model on Binance – a tool tracking net buying activity from large wallets on the exchange – slipped back below zero in May, according to on-chain data from analyzed by Finbold on May 20. The indicator dropped to approximately -0.0059 at the time of reporting, signaling that whale demand for the token has softened.  Institutional accumulation mode on Binance for this token. Source: CryptoQuant  As a result, Aprils brief breakout, which marked the first positive readings in six months, has ended. However, the slowdown in its institutional accumulation in May remains close to zero, suggesting investors may be exercising caution after a notable increase in demand since early February 2026.  “Despite this decline, the index remains close to neutral territory, indicating that the market has not yet entered a phase of strong distribution or widespread institutional exit,” Arab Chain noted on CryptoQuant.  Furthemore, large XRP holders have already withdrawn nearly 403 million XRP, valued at more than $548 million, from the Binance exchange between May 1 and 15, based on recent insights from .  XRP price outlook amid institutional

05-21

Trump order puts crypto firms in line for Fed payment rails

Kraken gives crypto firms a working model  Krakens approval gives the industry a practical example of how expanded access could work.  In March, the Kansas City Fed granted Kraken Financial a limited-purpose account that allows access to core payment rails used for high-value dollar settlement.  The account could help the exchange process institutional deposits and withdrawals more efficiently, particularly for clients moving large balances between trading venues, custodians, and banking partners.  The arrangement is limited. Kraken does not have access to all services available to insured banks, and the account reportedly excludes benefits such as interest on reserves and access to Fed credit.  Those limits are designed to reduce risk to the central bank while giving a crypto firm a narrower connection to payment infrastructure.  That model could become the template for other digital asset companies. A restricted account would allow firms to move dollars through Fed payment systems while withholding privileges that regulators and banks consider more sensitive, including overdrafts, reserve interest, or emergency lending access.  Caitlin Long, CEO of Custodia Bank, welcomed Trumps intervention, saying the order recognized a continuing problem at the Fed with blocking legally eligible institutions from the US payment system. Custodia has spent years fighting for access after the Fed denied

05-21

Pi Network News: Protocol 23 Upgrade Nears Final Rollout After Most Complex Migration in Project History

The post Pi Network News: Protocol 23 Upgrade Nears Final Rollout After Most Complex Migration in Project History appeared first on Coinpedia Fintech News  Pi Network is moving closer toward its major Protocol 23 transition as the team confirmed that most Mainnet node operators have now successfully upgraded to v23. According to the latest update from the Pi Core Team, the protocol is expected to fully migrate very soon after one of the most technically demanding upgrades in the projects history.  The team explained that the upgrade involved multiple subsystem improvements, infrastructure optimizations, and large-scale internal data reprocessing, making the migration far more complex than a normal software update.  Pi Pushes Major Backend Overhaul  The transition includes three major infrastructure upgrades happening simultaneously:Protocol v22 → v23Ubuntu 20 → Ubuntu 24PostgreSQL 12 → PostgreSQL 16  Pi said the move is designed to improve long-term scalability, network stability, database performance, and overall blockchain efficiency as the ecosystem continues expanding.  The Protocol 23 migration also reportedly aligns Pi more closely with Stellar Core v23.0.1, opening the door for future smart contract support, PiRC2 functionality, decentralized applications, and additional Web3 infrastructure features.  Why This Upgrade Was So Difficult  Unlike normal software patches, Protocol 23 requires nodes to completely rewrite and reprocess existing

05-21

Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle?

BitMEX co-founder Arthur Hayes has suggested that Zcash (ZEC) could eventually reach 10% of Bitcoin‘s market capitalization, a long-term bullish thesis on privacy coins rather than a near-term price forecast. Based on ZEC’s circulating supply of around 16 million tokens, that scenario would imply a price in the high four-figure range, roughly $8,000–$10,000, depending on Bitcoins valuation.  A Chart Pattern Worth Watching  On the technical side, traders point to a possible cup-and-handle pattern, but this is a subjective chart formation with no guarantee of outcome. Resistance is often cited around $625–$650, with some speculative projections suggesting a move toward $1,000, though this depends heavily on broader market conditions and is not a confirmed target.  The target also lines up with ZECs 1.618 Fibonacci extension, drawn from a $745 swing high down to a $185 swing low.  Privacy Coins Pull Ahead  ZEC is not moving alone. Monero and Dash, both privacy-focused tokens, have also posted gains over the past month. But Zcash leads the pack. Reports indicate the coin climbed more than 80% in 30 days while the total crypto market cap barely moved — up just 0.2% over the same stretch.  In the past three days alone, ZEC added 18% as the broader market slipped 3%.

05-21

Bitcoin node counters go dark following Bitnodes expiry

It used to be easy to estimate how many Bitcoin full nodes were easily reachable over the internet, but almost all of those counters have gone offline this month.  As of Tuesday, Coin Dances node counter reported a last-updated time of 476 hours ago. Indeed, the page displays 23,795 reachable nodes as of its latest update last month.  Bitcoin node estimates plastered across dashboards, glossaries, and other webpages havent moved in roughly three weeks.  The main culprit seems to be Bitnodes.io, a popular crawler that ran continuously since 2013 yet went dark after its domain expired on May 3, 2026. A single developer, Addy Yeow, ran the project with early financial support from Balaji Srinavasans 21 Inc, once the best-funded company in the Bitcoin industry.  Neither Srinavasan nor Yeow have issued public statements on the GitHub repository or anywhere else about the outage.  NewHedge used Bitnodes API and, therefore, has taken its counter offline. Another Bitnodes API user, SatoshiDashboard, also went down.  Clark Moody‘s dashboard simply re-posts Bitnodes’ old cached number.  Navigating to bitnodes.io itself returns a DNS error.  Bitnodes was a fan favorite  Two weeks into the outage, BitMEX Research proposed a rudimentary replacement crawler, Bitnod.es, using off-the-shelf tooling.  With sincere modesty, BitMEX Research conceded that the substitute is

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