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21 May 2026, 20:35
Alaska Rep Begich pushes bill to protect America’s crypto reserve from admin change
United States House Representative Nick Begich of Alaska has introduced the American Reserve Modernization Act (ARMA), legislation designed to write President Donald Trump’s Strategic Bitcoin Reserve into permanent statute and insulate the federal government’s Bitcoin holdings from being unwound by a future administration. ARMA seeks to do for the Strategic Bitcoin Reserve what the CLARITY and GENIUS Acts are designed to do for the crypto market structure and stablecoins, which is to codify the framework so it survives the next election. Begich, in a statement on X , said the bill would protect digital reserve assets “from the whims of Congress or future administrations.” Why is Begich rebranding the BITCOIN Act? ARMA is a renamed version of the BITCOIN Act , which was introduced by him and sponsored by Senator Cynthia Lummis in March 2025. The rebranding followed discussions with the House Financial Services Committee aimed at getting more support after the original bill failed to gain traction in 2025. Begich’s argument is that what “a president can do in four years, a Congress can do permanently.” The bill establishes the Strategic Bitcoin Reserve within the Treasury, with a separate stockpile for other federally held digital assets. It directs Treasury to acquire up to 1 million BTC, which is 5% of Bitcoin’s total supply. It also imposes a minimum 20-year holding period, with coins kept in cold storage. Purchases are to be funded through what proponents call budget-neutral strategies, including the Federal Reserve’s discretionary surplus fund and a revaluation of gold certificates. In a conversation with Fox Business , Begich stated, “When you look at gold, it is the dominant precious metal reserve. When you look at Bitcoin, it represents about 60% of all market cap for the entire crypto space,” adding that “The market has decided, in the case of gold and in the case of Bitcoin, that this will be the predominant store of value within that asset class.” How does ARMA fit with the wider crypto legislative push? ARMA goes well beyond the executive order Trump signed in March 2025, which only consolidates seized Bitcoin into a single federal stockpile. The Begich-Lummis bill would initiate active open-market purchases and bar the Treasury from selling for two decades. Representative Pat Harrigan, a co-sponsor, sees it as a fix for a custody problem already on the federal books, stating that “The United States government already holds billions in seized Bitcoin with no coherent strategy for managing it, and that needs to change.” The bill comes at a time when there is an increased push to lock crypto policy into statute before midterm campaigning consumes the legislative calendar. The Senate Banking Committee passed the CLARITY Act on May 14 in a 15-9 vote, sending the crypto market-structure bill to the floor with two Democrats, Senator Ruben Gallego and Senator Angela Alsobrooks, crossing over. Lummis had flagged a mid-June floor vote as “probably pretty optimistic,” as news broke earlier today that the Senate has gone home until June. She and Senator Bernie Moreno have warned that failure before the summer recess could push the next viable window for crypto legislation to 2030 or beyond. Senator Elizabeth Warren, one of the leading opposing voices to the CLARITY Act, described it as “a bill written by the crypto industry for the crypto industry.” If you're reading this, you’re already ahead. Stay there with our newsletter .
21 May 2026, 20:30
Solana falls 70 percent with $86 now key support
🚨 Solana slumped 70 percent, now trades at $86. Investor attention is fixed on the $80–$85 support zone. Continue Reading: Solana falls 70 percent with $86 now key support The post Solana falls 70 percent with $86 now key support appeared first on COINTURK NEWS .
21 May 2026, 20:30
If You’re Looking To Bitcoin Above $90,000, This Analyst Says To Watch This Bearish OB Level
A crypto analyst is urging traders and investors to keep a close eye on a bearish Order Block (OB) level on the Bitcoin (BTC) price chart. According to the expert, this OB level sits within a critical zone near $90,000, which could determine BTC’s next directional move, with the cryptocurrency either continuing to the upside or experiencing a sharp rejection toward lower levels. With Bitcoin currently trading around $77,000, a positive reaction to this OB level could open the door for a fresh price rally. Bitcoin’s Bearish OB Level Signals Make Or Break Zone A TradingView crypto analyst known as ‘Fullpriceaction’ has shared a fresh Bitcoin analysis, predicting a bearish and bullish price outlook depending on how the leading cryptocurrency reacts to a critical level. The analyst described this area as a “bearish OB level,” which is a price zone where large institutional players such as hedge funds, market makers, and banks placed heavy sell orders before a significant price drop. Related Reading: Why The $65,000 Region Is Important As Bitcoin Gears Up To Face Massive Resistance At These Levels Fullpriceaction noted that Bitcoin’s bearish OB level is currently sitting between the $94,000 and $98,000 range. At the time of writing, this order block level sits far above BTC’s current price, meaning the cryptocurrency will need to stage another rally of over 27% to reach that level. The analyst has predicted that a rejection from this bearish OB zone could trigger a significant pullback in Bitcoin’s price, which is already weighed down by widespread volatility and market fear. On the bullish side, Fullpriceaction has forecasted that a clean break above the critical level could completely invalidate BTC’s bearish structure, potentially paving the way for a fresh bull run. With these possible moves on the horizon, the crypto expert is urging investors and traders to manage their risk carefully. He noted that the Bitcoin price has been in a severe bear market since its January highs near $98,000. The leading cryptocurrency has been grinding through a slow, prolonged consolidation phase, with its price largely trading between $64,000 and $76,000. Despite the bearish pressures restricting its price action, Fullpriceaction noted that Bitcoin was steadily building a solid base that eventually led to a breakout and a strong bullish impulse in April. Analyst Predicts BTC’s Crash To $70,000 In Days In a separate analysis on X, crypto market expert Alex Mason predicted that the Bitcoin price could crash to $70,000 within just a few days. Following this decline, the analyst expects the leading cryptocurrency to continue its downside trajectory. He projects a drop from its current price of around $77,000 to $73,000, then to $68,000 and $71,000, before ultimately plummeting toward $60,000. Related Reading: The 3 Bitcoin Rules That Tell When The Bear Market Is Fully Over Looking further ahead, Mason has placed BTC’s final market bottom somewhere around Autumn 2026, between September and December. His chart places this price floor around $30,000, representing a staggering decline of more than 61% from present levels. Featured image from Getty Images, chart from Tradingview.com
21 May 2026, 20:28
Binance launches SpaceX-linked perpetual futures ahead of IPO
The crypto exchange's new pre-IPO futures product lets traders speculate on SpaceX’s expected public market valuation before the company begins trading on public exchanges.
21 May 2026, 20:15
How long can surging AI demand fuel Nvidia before infrastructure bottlenecks take over
The world’s leading AI chip manufacturer delivered first-quarter earnings that surpassed Wall Street forecasts, yet questions emerge about obstacles that could slow the sector’s explosive expansion. Nvidia reported strong growth, with quarterly revenue up 85% year over year to $81.6 billion. Net profit more than tripled to $58.3 billion. The company also expects sales of about $91 billion in the current quarter. Big tech spending backs up the strong demand picture. The four major cloud computing companies plan to invest roughly $700 billion combined in 2026 on infrastructure, a jump exceeding 60% from last year’s already record-breaking amounts. Chief executive Jensen Huang pegs the total market opportunity for the company’s Blackwell and Vera Rubin chip lines at $1 trillion running through 2027. But three major roadblocks stand between current momentum and continued growth: trade restrictions, infrastructure limits, and borrowing costs. China market vanishes China used to make up about 20% of the chipmaker’s data center revenue, but that has now fallen to zero. The company reported no sales from China last quarter and expects none this quarter either. The drop is due to changing trade rules. H20 chip sales to China were first banned in April 2025, then later allowed again in July. In December, l imited H200 exports were approved , but with a 25% revenue share required for the U.S. government. However, Chinese customs stopped the shipments soon after. Even though ten major Chinese tech firms, including Alibaba, Tencent, and ByteDance, were approved to buy large quantities of H200 chips, none of the deliveries actually happened. In the end, China still has not approved the imports because it wants to focus on its own chip companies instead. At the current company size, losing one-fifth of business equals roughly $38 billion annually. Huang himself estimates China’s total AI chip market at $50 billion. Meanwhile, Chinese buyers are building their operations around Huawei’s competing Ascend chips. “By effectively excluding China and conceding that market to Huawei, Nvidia is demonstrating that global AI demand outside China is more than enough to sustain its growth,” said Alvin Nguyen, senior analyst at Forrester. Power grid becomes the limiting factor Physical limits are now as big a problem for data center growth as chip shortages. The main issue is power infrastructure, especially long delays in connecting large facilities to the grid. While data centers take 12 to 24 months to build, getting high-capacity grid connections can take 3 to 7 years. The U.S. grid queue is now over 2,600 gigawatts. Of the 12 gigawatts of U.S. AI data center capacity planned for 2026, only about 5 gigawatts are under construction, with the rest delayed due to power shortages and transformer delays that can take up to four years. To bypass this, companies like xAI, Meta, OpenAI, and Oracle are building their own power systems, now totaling over 130 gigawatts in the U.S., even though it is more expensive than grid power. Jensen Huang also said that supply limits like ASML machines and TSMC wafer production could be resolved in the next two to three years. Gavin Baker, founder of the hedge fund Atreides Management, gave a bold view on the situation. He said that if TSMC followed what Jensen Huang wanted, then Nvidia could potentially reach $2 trillion in GPU sales in 2026 or 2027. Borrowing binge raises concerns The last constraint comes from debt markets. Big tech companies raised $121 billion in U.S. corporate bonds in 2025, over four times their usual average. Analysts at Bank of America expect this could rise to $175 billion in 2026, especially after Amazon issued a record $54 billion global bond sale in March. This heavy borrowing competes with government and other corporate debt, increasing overall supply and making capital more expensive for tech firms. Looking ahead, competition is expected to intensify. John Blank, chief equity strategist at Zacks, noted buyers may soon pursue “anti-Nvidia” strategies to capture those profit margins themselves. Purpose-built chips from Broadcom and Marvell are gaining ground in inference workloads, where power efficiency matters more than raw performance. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
21 May 2026, 20:07
AmericanFortress unveils instant quantum shield for 5 million BTC
🛡️ AmericanFortress launched a post-quantum shield for 5 million BTC. Funds can be instantly protected, no mass migrations required. ✅ $BTC and major blockchains like Ethereum and Solana are supported. 🔑 Critical point: full quantum protection comes with almost zero performance impact. Continue Reading: AmericanFortress unveils instant quantum shield for 5 million BTC The post AmericanFortress unveils instant quantum shield for 5 million BTC appeared first on COINTURK NEWS .
