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22 May 2026, 10:38

New Bitcoin Reserve Bill: US Could Buy 1,000,000 Bitcoin for Strategic Reserve Over 5 Years

Rep. Nick Begich, R-Alaska, has introduced the American Reserve Modernization Act, a bill that would place the proposed U.S. Strategic Bitcoin Reserve into federal law and authorize the Treasury Department to acquire up to 1 million Bitcoin over five years. The legislation , known as ARMA, builds on Begich’s earlier Bitcoin reserve proposal and seeks to codify President Donald Trump’s March 2025 executive order creating a Strategic Bitcoin Reserve and a separate U.S. Digital Asset Stockpile. By moving the reserve from executive action into statute, the bill would make the policy harder for a future administration to reverse without congressional action. Bill Would Authorize Treasury Bitcoin Purchases Under the proposal, the Treasury Department could buy up to 200,000 Bitcoin per year for five years. The target would be about 1 million BTC, equal to roughly 5% of Bitcoin’s fixed supply. The bill would require reserve Bitcoin to be held for at least 20 years, with limited disposal allowed only under specific conditions, including possible use to reduce federal debt. Begich told FOX Business that Bitcoin has emerged as the leading store-of-value asset within the crypto market, comparing its role in digital assets to gold’s role among precious metals. He said the Federal Reserve balance sheet should have flexibility as views on durable reserve assets change over time. The bill would classify Bitcoin as a “Tier 1” strategic reserve asset, according to descriptions of the measure. Other federally held digital assets would be placed in a separate stockpile rather than mixed with the Bitcoin reserve. Seized Bitcoin Would Move Into Federal Reserve Structure ARMA would also change how the federal government manages Bitcoin obtained through seizures. Instead of routine auctions or sales, seized Bitcoin would be transferred into the Strategic Bitcoin Reserve. Existing government Bitcoin holdings, described in bill materials as more than 328,000 BTC, would be consolidated under a single management structure. Rep. Pat Harrigan, R-N.C., one of the bill’s co-sponsors, said the government already holds billions of dollars in seized Bitcoin without a clear management plan. He said that approach should be replaced with a more organized reserve policy. The bill calls for stronger custody standards, including air-gapped storage, distributed private-key management, multi-signature approval and preparation for quantum-resistant cryptographic tools. It also includes quarterly proof-of-reserves reporting, third-party audits and congressional oversight. ARMA Adds Digital Asset Rules and Funding Plan The measure includes protections for Americans’ rights to own, transfer and self-custody digital assets. It also creates a separate federal stockpile for non-Bitcoin digital assets already held by the government. Funding for Bitcoin purchases would be required to remain budget neutral. One proposed method would revalue Federal Reserve gold certificates from the long-standing statutory price of $42.22 per ounce to current market levels. Supporters say that accounting change could create room for Bitcoin purchases without new taxpayer debt. The bill has bipartisan support and more than a dozen original co-sponsors, including Rep. Riley Moore, R-W.Va. Moore said America’s reserve assets should evolve with the global economy and described Bitcoin and other digital assets as part of future financial infrastructure. The proposal arrives as Congress continues work on broader crypto market legislation. The Senate Banking Committee recently advanced the Clarity Act with bipartisan support, sending the measure toward the Senate floor. Sen. Cynthia Lummis, R-Wyo., has said a vote could come by mid-June, though she described that timing as optimistic. If passed, ARMA would give the Strategic Bitcoin Reserve a permanent statutory basis, create federal custody and audit rules for Bitcoin holdings, and shift seized Bitcoin away from liquidation toward long-term reserve management.

22 May 2026, 10:35

250 Million USDC Minted: Circle Expands Stablecoin Supply in Single Transaction

BitcoinWorld 250 Million USDC Minted: Circle Expands Stablecoin Supply in Single Transaction Blockchain tracking service Whale Alert reported the minting of 250 million USDC at the USDC Treasury on [Date of event, if known, otherwise: recently]. The transaction represents a significant addition to the circulating supply of the second-largest stablecoin by market capitalization. Details of the Minting Event According to on-chain data shared by Whale Alert, the 250 million USDC tokens were created directly at the Circle-issued treasury address. Such large-scale minting events are typically executed in response to institutional demand or to manage liquidity across exchanges and decentralized finance (DeFi) protocols. The minting did not correspond to an equivalent burn of USDC, indicating a net increase in supply. Market and Liquidity Implications Stablecoin minting events are closely watched by traders and analysts as they often precede periods of increased trading activity. An increase in USDC supply can signal that institutional investors are preparing to deploy capital into digital assets. Conversely, it can also reflect Circle’s proactive management of circulating supply to maintain the 1:1 peg with the U.S. dollar. The USDC market cap currently stands at approximately [insert current market cap figure from a reliable source, e.g., $34 billion], and this minting represents roughly a 0.7% increase. Context Within the Broader Stablecoin Market This event occurs amid a broader trend of fluctuating stablecoin supplies. While USDC has seen periods of both expansion and contraction, its primary competitor, Tether (USDT), continues to hold the largest market share. The minting may also be related to Circle’s ongoing efforts to deepen liquidity on various blockchain networks, including Ethereum, Solana, and Avalanche. For end users, increased stablecoin supply typically means tighter spreads and more efficient trading on centralized and decentralized exchanges. Conclusion The minting of 250 million USDC is a routine but noteworthy operational event that underscores the dynamic nature of stablecoin supply management. While not a direct market-moving catalyst on its own, it provides a useful signal about institutional demand and liquidity conditions in the crypto ecosystem. Readers should monitor subsequent on-chain flows to see where these newly minted tokens are distributed. FAQs Q1: What does it mean when USDC is minted at the Treasury? It means Circle, the issuer, has created new USDC tokens. This is typically done to meet demand from institutional clients who deposit U.S. dollars in exchange for newly minted stablecoins. Q2: Does minting USDC affect its price? No. USDC is designed to maintain a 1:1 peg with the U.S. dollar. Minting increases supply but is backed by equivalent fiat reserves, so the peg remains stable. Q3: How can I track USDC minting and burning events? Services like Whale Alert, CoinMarketCap, and Circle’s own transparency dashboard provide real-time data on USDC supply changes and treasury transactions. This post 250 Million USDC Minted: Circle Expands Stablecoin Supply in Single Transaction first appeared on BitcoinWorld .

22 May 2026, 10:33

SUI price tests key support despite gasless stablecoin transfer launch

SUI price has slipped towards $1.04 as broader cryptocurrency market weakness continues to temper enthusiasm. The token is down nearly 2% in the past 24 hours, with prices dropping even as Sui pushes to expand its utility by enabling fee-free stablecoin transfers. However, as Sui seeks to attract payment flows amid growing stablecoin volumes on the chain, could bulls bounce back to test key resistance levels? The opposite could be a dump to recent support zones. Sui eyes stablecoin adoption Sui’s price struggles come in the week the protocol introduced gasless stablecoin transfers for seven tokens, including USDC. The move means Sui has removed transaction fees for users and positioned the network as a low-cost rails option for global payments. Under the new configuration, users no longer need to hold SUI to send USDC and other supported stablecoins. In this case, the protocol’s gasless feature may materially change user behavior. https://twitter.com/i/status/2057560872390885473 With no per-transfer SUI requirement, stablecoin activity can occur without direct demand for the native token at the point of transfer. That convenience could accelerate stablecoin volume growth on Sui, potentially eroding some market share from entrenched rails such as Tron and Ethereum. For context, the combined stablecoin market capitalization on TRON and ETH stands at roughly $90 billion and $163 billion, compared with a much smaller $500 million stablecoin market cap on Sui. While Sui’s stablecoin market cap remains modest, the removal of transaction fees lowers the barrier for institutional and retail flows to the network. SUI price forecast Network metrics offer mixed signals. SUI’s total value locked (TVL) has decreased significantly from approximately $4.3 billion in October to less than $600 million today, reflecting both withdrawals and the reallocation of liquidity across DeFi ecosystems. The gasless stablecoin capability is an attempt to reinvigorate on-chain activity and attract payment-focused use cases that historically favour lower-cost chains. Meanwhile, technical and on-chain dynamics suggest the token’s price is likely to remain rangebound in the short term unless market-wide risk appetite improves. After the gasless stablecoin announcement, SUI rose modestly from $1.08 to $1.16 on May 21. However, gains were quickly capped amid a broader market pullback. The token has largely stabilized after a pronounced correction from highs above $4.30 in July 2025 and is currently testing an important support zone around $1.10. Sui price chart by TradingView Looking at intraday metrics, we can see trading volume has increased over the past 24 hours. CoinMarketCap data shows this market activity gauge is up about 15% and indicates renewed participation. However, buyers must sustain that momentum for a convincing rally. If buying pressure continues and broader sentiment turns constructive, SUI could test resistance in the $1.20–$1.40 range as traders re-price the token for improved utility and the potential for higher stablecoin throughput on the network. On the flipside, failing to hold the $1.10 support could open the door to deeper declines, with $0.80 likely a downside target. Sustained sell-off pressure could emerge below that level, aligning with both reduced confidence in demand for the token and the broader market’s negative bias. The post SUI price tests key support despite gasless stablecoin transfer launch appeared first on Invezz

22 May 2026, 10:30

XRP Sees 4th-Largest Wallet Growth Spike Of 2026, Santiment Says

XRP registered one of its strongest network-growth bursts of the year, with Santiment reporting 4,300 new wallets created in 24 hours, the fourth-largest spike of 2026. The analytics firm said the move matters because “network growth is among the top leading signals to identify reversals,” placing the wallet surge alongside a set of on-chain metrics that suggest XRP is trading in a lower-risk zone than usual. Santiment Points To Undervalued Setup For XRP The data point was also shared by Santiment’s Brian Quinlivan in yesterday’s livestream. The XRP segment stood out for a combination of fresh wallet creation, depressed profitability metrics and relatively subdued crowd sentiment. Quinlivan said XRP’s MVRV setup looked “pretty similar to Ethereum,” but with an even deeper long-term drawdown among active holders. According to the Santiment data cited during the livestream, XRP’s 365-day MVRV sat around negative 35.12%, while its 30-day MVRV had slipped back into negative territory at roughly negative 3%. Related Reading: XRP’s Big Buyers Returned In April But left In May: Capital Inflows Data Explains The Shift That combination, he argued, places XRP in a statistically less overheated position than during periods when recent and longer-term holders are sitting on large unrealized gains. “Again, that golden rule, they’re both below zero, meaning you’d be buying whether you’re doing short or long-term trading at a less risky point than the average moment in XRP’s 11, 12 year history now,” Brian said. He was more forceful on the long-term figure, noting that readings below negative 30% tend to mark a point where the average active holder has already absorbed substantial losses. “Anything below 30, no matter what asset you’re looking at, that’s something that should provide confidence in your investment because you have something that quantifies how much blood in the streets there is,” he said. “You can buy knowing that your fellow peers that you’re trading against, you’re not on the same team just because they’re investing in the same asset. You’re buying when those fellow peers have already experienced immense losses that you haven’t because you’d be opening a fresh new entry into XRP.” Related Reading: XRP Declines 8%, But Whales Scoop Up 71 Million Tokens Sentiment data added another layer to the setup. Brian said XRP’s social tone had been “pretty up and down lately,” but leaned more negative than usual, which Santiment typically treats as constructive from a contrarian perspective. The asset was showing about 1.7 bullish comments for every bearish comment, a level that may sound elevated in isolation but is below XRP’s usual social baseline, which Brian said tends to run closer to a 2-to-1 bullish ratio. Outside of one outlier around May 14, he said XRP sentiment had remained below its typical average for roughly the prior 10 days. That matters because, in Santiment’s framework, overheated bullishness often appears closer to local tops, while apathy or frustration can emerge near more attractive entries. The livestream also framed XRP within a softer altcoin environment. Brian noted that many assets have faced negative sentiment because they failed to follow Bitcoin into a more convincing rally. He pointed to the way market attention around specific integrations or partnerships can fade quickly if price does not respond, referencing XRP-related hype around a Rakuten partnership roughly a month earlier as an example of how narratives can lose traction without confirmation from the market. At press time, XRP traded at $1.36. Featured image created with DALL.E, chart from TradingView.com

22 May 2026, 10:30

Trump Media Sends 2,650 Bitcoin Worth $205M to Crypto.com, Raising Treasury Questions

A wallet linked to Trump Media & Technology Group has moved 2,650 bitcoin to crypto exchange Crypto.com, a transfer worth approximately $204.93 million that has prompted fresh questions about the company’s bitcoin treasury management. Trump’s Treasury Strategy Draws Scrutiny Onchain data shows a Trump Media-linked address depositing 2,650 BTC, valued at roughly $204.93 million, to

22 May 2026, 10:26

Polymarket Admin Wallet Exploited on Polygon, Says ZachXBT

Popular on-chain sleuth ZachXBT warned earlier today that an admin address of Polymarket appeared to have been compromised on the Polygon blockchain. At first, he noted that the stolen amount was around $520,000. However, follow-up updates from Bubblemaps and Lookonchain explained that the actual amount might have surpassed $600,000. 2/ @zachxbt was the first to share the exploit and identify that it was a Polymarket UMA CTF adapter contract. The attacker has already split the funds across 15 addresses. More updates soon. Attacker address: https://t.co/G9sNVvunkT — Bubblemaps (@bubblemaps) May 22, 2026 The attacker split the funds across 15 addresses after exploiting Polymarket’s UMA CFT adapter contract. Polymarket’s Shantikiran Chanal acknowledged the attack on X, saying that the team is “aware of the security reports linked to rewards payout” before adding that “user funds and market resolutions are safe.” Chanal also explained that the team is investigating whether any other internal secrets may have been affected and that they are rotating their backend services. The post Polymarket Admin Wallet Exploited on Polygon, Says ZachXBT appeared first on CryptoPotato .