hodler

7 May 2026, 08:30

US Bitcoin Reserve Plan Nears Major White House Update

White House crypto advisor Patrick Witt said the Trump administration will announce new details on the US Strategic Bitcoin Reserve within “the next few weeks,” framing the update as both a policy milestone and a custody response after an alleged exploit involving digital assets held by the US Marshals Service. Speaking at Consensus 2026 in Miami on Wednesday, Witt said the administration’s work on the Strategic Bitcoin Reserve, or SBR, and the separate digital asset stockpile had been progressing largely out of public view. The next announcement, he indicated, will focus on “exactly the progress that’s been made and where we’re going from here.” Trump’s Bitcoin Reserve Heads Toward New Update President Donald Trump signed an executive order in March 2025 establishing the Strategic Bitcoin Reserve and a US Digital Asset Stockpile, with the bitcoin reserve capitalized by BTC finally forfeited to the Treasury through criminal or civil asset forfeiture proceedings. The non-bitcoin stockpile covers other forfeited digital assets under a separate framework. Related Reading: Bitcoin Breaks $80,000, But On-Chain Activity Signals A Silent Warning Witt tied the coming update directly to a recent security incident. “So, as many of the folks in this room may have seen, there was an exploit of certain assets that were held by the US Marshals just a month or two ago. We obviously started the work on the SBR, the digital asset stockpile, without thinking about that, but obviously thinking about we need to properly secure these assets. So it’s a case in point for why it was so necessary that the President established the SBR and that he instructed the agencies to take these assets very seriously and properly safeguard them.” He added that digital asset custody creates challenges that do not fit neatly into legacy government asset-management procedures. “Custody is unique for digital assets. So we’ve made a tremendous amount of progress that’s kind of happened in the background and we’ll be making an announcement in the next few weeks, you know, laying out exactly the progress that’s been made and where we’re going from here.” The exploit Witt referenced appears to be the alleged theft tied to John Daghita, also known online as “John” or “Lick.” The case became public after blockchain investigator ZachXBT linked the “John/Lick” persona to wallets moving funds connected to US government-controlled crypto addresses. TRM Labs later said Daghita was arrested in Saint Martin in a joint operation involving the French Gendarmerie and the FBI, with authorities alleging he stole cryptocurrency from wallets associated with the US Marshals Service. Related Reading: Bitcoin Seasonality Flashes Bullish May Signal After Two Green Months According to TRM’s summary, the investigation traced part of the activity to cryptocurrency seized in connection with the 2016 Bitfinex hack. TRM said approximately $24.9 million of the traced funds originated from a US government-controlled wallet, while ZachXBT alleged that Daghita stole more than $46 million in seized crypto assets by abusing access at CMDSS, his father’s company, which held a US Marshals Service contract. Notably, Witt had already previewed the update days earlier at Bitcoin 2026 in Las Vegas. Speaking on a panel at The Venetian Resort, he said the administration had spent months working through the legal interpretations needed to protect bitcoin on the government balance sheet after Trump’s executive order. “In the next few weeks, we’ll be making a big announcement,” Witt said there, adding that the administration believed it could take a “big step forward from the executive branch side” even before Congress acts. He also made clear at Bitcoin 2026 that legislation would still be needed to lock the policy in more permanently. That distinction is central: an executive-branch framework can shape custody and management now, but a statutory framework would be harder for a future administration to unwind. At press time, BTC traded at $81,530. Featured image created with DALL.E, chart from TradingView.com

7 May 2026, 07:58

World's Largest Custodian Bank to Launch Bitcoin and Ethereum Investment Products

World's largest custodian bank to introduce solutions for Bitcoin and Ethereum holders.

7 May 2026, 07:50

EUR/GBP Steadies Below 0.8650 as Markets Await UK Election Outcome

BitcoinWorld EUR/GBP Steadies Below 0.8650 as Markets Await UK Election Outcome The EUR/GBP currency pair held steady below the 0.8650 mark on Wednesday, as traders adopted a cautious stance ahead of the UK general election. With polls suggesting a potential change in government, market participants are weighing the implications for fiscal policy, trade negotiations, and the Bank of England’s monetary policy trajectory. Market Positioning Ahead of the Vote The pound has traded in a narrow range against the euro over the past 48 hours, reflecting the uncertainty surrounding the election outcome. The 0.8600–0.8650 zone has acted as a short-term equilibrium, with buyers stepping in near the lower end and sellers capping gains at the upper boundary. Volume has been relatively subdued, indicating that major institutional players are waiting for clarity before committing to directional bets. Recent polling data shows the opposition Labour Party maintaining a lead over the incumbent Conservatives, though the margin has narrowed in some constituencies. A hung parliament or a slim majority for either party could introduce further volatility, as coalition negotiations or policy gridlock may delay key economic decisions. Policy Divergence Between the BoE and ECB Beyond the election, the medium-term outlook for EUR/GBP is being shaped by diverging monetary policy expectations. The Bank of England has signaled that it may hold interest rates steady for longer than previously anticipated, as inflation remains sticky and wage growth shows signs of resilience. In contrast, the European Central Bank has already begun its easing cycle, cutting rates in June amid weakening economic data from the eurozone’s manufacturing sector. This policy gap has historically supported the pound against the euro, but the election uncertainty is temporarily masking that fundamental driver. Once the political landscape becomes clearer, the market is likely to refocus on the relative pace of rate cuts between the two central banks. Key Levels to Watch Technical analysts point to the 0.8580 level as a critical support, where the pair bottomed out in May. A break below that could open the door toward the 0.8500 psychological level. On the upside, resistance at 0.8700 is the next major hurdle, followed by the 200-day moving average near 0.8750. A decisive move above 0.8700 would require a significant catalyst, such as a clear election result that reduces political risk for the UK. Implications for Traders and Investors For forex traders, the current environment favors range-bound strategies with tight stop-losses. The election outcome is a binary event that could trigger sharp moves in either direction. Investors with GBP-denominated portfolios should consider hedging against potential downside, particularly if the election leads to a prolonged period of political uncertainty. From a broader perspective, the UK’s fiscal credibility remains a key factor. Both major parties have pledged to maintain fiscal discipline, but the specifics of their spending plans differ. The market will scrutinize the first budget of the new government for signals on tax policy, public investment, and debt management. Conclusion EUR/GBP is likely to remain range-bound until the UK election results are confirmed. While the underlying policy divergence favors a slightly stronger pound in the medium term, political risk is keeping the pair anchored below 0.8650 for now. Traders should watch for breakout opportunities once the uncertainty clears, but remain disciplined in managing risk during this low-volatility period. FAQs Q1: What is the EUR/GBP pair currently trading at? As of the latest session, EUR/GBP is trading near 0.8630, having held steady below the 0.8650 resistance level. The pair has been consolidating within a narrow 40-pip range over the past 48 hours. Q2: How could the UK election result affect the pound? A decisive victory for either major party could lead to a short-term rally in GBP, as it reduces political uncertainty. However, a hung parliament or a very slim majority may weigh on the pound due to concerns about policy gridlock and potential instability. Q3: What is the key support level for EUR/GBP? The primary support level is at 0.8580, the May low. A break below that could trigger further selling toward the 0.8500 area. On the upside, resistance is at 0.8700, followed by the 200-day moving average near 0.8750. This post EUR/GBP Steadies Below 0.8650 as Markets Await UK Election Outcome first appeared on BitcoinWorld .

7 May 2026, 06:50

AUD/USD Holds Bullish Bias Near 0.7250 as US Dollar Weakens

BitcoinWorld AUD/USD Holds Bullish Bias Near 0.7250 as US Dollar Weakens The Australian dollar continues to trade with a bullish bias against its US counterpart, hovering near the 0.7250 level and approaching multi-year highs. The move is primarily driven by broad-based weakness in the US dollar, as market participants reassess the Federal Reserve’s policy trajectory and global risk sentiment improves. Key Drivers Behind the AUD/USD Rally The US dollar has faced persistent selling pressure in recent weeks, weighed down by expectations that the Federal Reserve may be nearing the end of its tightening cycle. Weaker-than-expected US economic data, including softer inflation readings and a cooling labor market, have reinforced the view that the central bank could pivot toward rate cuts sooner than previously anticipated. This has reduced the dollar’s yield advantage and made higher-yielding currencies like the Australian dollar more attractive. On the other hand, the Reserve Bank of Australia (RBA) has maintained a relatively hawkish stance, keeping interest rates elevated to combat persistent inflation. Strong commodity prices, particularly iron ore and coal, have also provided tailwinds for the Australian dollar, given Australia’s status as a major exporter. Additionally, improving economic conditions in China, Australia’s largest trading partner, have supported demand for the Aussie. Technical Analysis: Bullish Momentum Intact From a technical perspective, AUD/USD has broken above key resistance levels, with the 0.7250 zone now acting as a support-turned-resistance level. The pair is trading above its 50-day and 200-day moving averages, a classic bullish signal. The Relative Strength Index (RSI) remains in bullish territory, though it is approaching overbought levels, suggesting that a short-term consolidation or pullback is possible before the next leg higher. Key resistance is seen at the 0.7300 psychological level, followed by the 0.7350 area, which represents a multi-year high. On the downside, immediate support lies at 0.7200, with a break below that opening the door to the 0.7150 region. A sustained move above 0.7300 would confirm the bullish breakout and could accelerate buying momentum. What This Means for Traders and Investors For forex traders, the current setup offers potential opportunities for both trend-following and mean-reversion strategies. The bullish bias is clear, but the proximity to overbought conditions warrants caution. Investors with exposure to Australian assets may benefit from a stronger AUD, as it boosts the purchasing power of the currency but could weigh on export competitiveness over the longer term. The broader market context remains supportive for the Aussie, but any unexpected hawkish surprise from the Federal Reserve or a deterioration in risk sentiment could trigger a sharp reversal. Traders should monitor upcoming US economic data, including non-farm payrolls and consumer price index reports, as well as RBA commentary for further directional cues. Conclusion AUD/USD retains a bullish bias near 0.7250, supported by a weaker US dollar and favorable fundamentals for the Australian economy. While the technical outlook remains positive, traders should be mindful of potential volatility and overbought conditions. The pair’s ability to hold above key support levels will determine whether the current rally extends toward the 0.7300 handle and beyond. FAQs Q1: Why is AUD/USD rising? The Australian dollar is gaining strength due to broad US dollar weakness, driven by expectations that the Federal Reserve may cut interest rates, combined with the RBA’s hawkish stance, strong commodity prices, and improving economic conditions in China. Q2: What is the key resistance level for AUD/USD? The immediate resistance is at 0.7300, followed by the multi-year high near 0.7350. A break above these levels would confirm further bullish momentum. Q3: Is it a good time to buy AUD/USD? The bullish bias is intact, but the pair is approaching overbought territory, suggesting caution. Traders may consider waiting for a pullback to support levels around 0.7200 before entering long positions, or using tight stop-losses to manage risk. This post AUD/USD Holds Bullish Bias Near 0.7250 as US Dollar Weakens first appeared on BitcoinWorld .

7 May 2026, 05:55

US Dollar Index Dips Near 98.00 as Safe-Haven Appeal Fades on US-Iran Optimism

BitcoinWorld US Dollar Index Dips Near 98.00 as Safe-Haven Appeal Fades on US-Iran Optimism The US Dollar Index (DXY) edged lower to trade around the 98.00 mark on Monday, as a decline in safe-haven demand weighed on the greenback. The shift in sentiment followed reports of growing diplomatic optimism between the United States and Iran, reducing the immediate risk of a broader conflict in the Middle East. Safe-Haven Flows Reverse on Geopolitical Easing The dollar, which typically benefits from heightened geopolitical uncertainty, lost some of its recent gains as investors reassessed the risk premium. Reports of potential progress in US-Iran negotiations, including discussions around a new framework for nuclear talks, prompted a cautious but notable rotation out of defensive assets. The move also supported risk-sensitive currencies and commodities, with the dollar index pulling back from earlier highs above 98.50. Market Context and Key Drivers The DXY has been under pressure in recent weeks as the Federal Reserve’s policy outlook and global trade dynamics continue to influence currency markets. The index, which measures the dollar against a basket of six major currencies, has struggled to hold above the psychologically important 98.00 level. The latest decline reflects not only the easing of safe-haven flows but also broader uncertainty about the pace of US economic growth relative to other developed economies. Implications for Traders and Investors For currency traders, the move signals a potential shift in near-term sentiment. If US-Iran diplomacy continues to show tangible progress, the dollar could face further headwinds, particularly against currencies like the euro and the Japanese yen, which had previously been pressured by safe-haven demand. However, analysts caution that the situation remains fluid, and any setback in talks could quickly reverse the current trend. Investors are also watching for any comments from Fed officials that might provide additional direction on interest rate expectations. Conclusion The US Dollar Index’s retreat toward 98.00 underscores how quickly geopolitical developments can reshape currency markets. While the immediate catalyst is the easing of US-Iran tensions, the broader outlook for the dollar remains tied to macroeconomic data and central bank policy. Traders should monitor both diplomatic channels and economic releases in the coming days for further cues. FAQs Q1: What is the US Dollar Index (DXY)? The US Dollar Index (DXY) measures the value of the US dollar relative to a basket of six major foreign currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. It is widely used as a benchmark for the dollar’s overall strength. Q2: Why does the dollar weaken when geopolitical tensions ease? The dollar is considered a safe-haven asset, meaning investors buy it during times of uncertainty. When geopolitical tensions ease, demand for safe-haven assets declines, leading to a weaker dollar as investors move capital into riskier assets like stocks or emerging-market currencies. Q3: How does US-Iran diplomacy affect currency markets? Progress in US-Iran relations reduces the risk of military conflict or supply disruptions, particularly in energy markets. This lowers uncertainty, which reduces safe-haven demand for the dollar and often supports currencies and assets that are sensitive to global growth and trade. This post US Dollar Index Dips Near 98.00 as Safe-Haven Appeal Fades on US-Iran Optimism first appeared on BitcoinWorld .

7 May 2026, 05:43

Dario Amodei Reveals 80x Growth as Anthropic Secures SpaceX Data Center Deal

80x. That’s how much Anthropic grew in Q1 2026 on an annualized basis. The company planned for 10x. Dario Amodei made the admission on stage at Anthropic’s developer conference in San Francisco on May 6, telling the crowd that the growth was “just crazy” and “too hard to handle.” He wasn’t exaggerating. Anthropic’s annualized revenue run rate has already crossed $30 billion, up from $9 billion at the end of 2025 , and the company is now in talks to raise roughly $50 billion at a valuation above $900 billion, a number that would push it past OpenAI’s $852 billion post-money valuation from March for the first time. The engine behind the surge is Claude Code. Anthropic’s AI coding assistant has torn through the developer world since launching in mid-2025 and Amodei pointed to software engineers as the earliest and fastest adopters of AI tooling. “It’s a foreshadowing of how things are going to work across the economy,” he said on stage. Claude Code hit $1 billion in annualized revenue within six months of launch, and the growth hasn’t slowed down. The company now counts over 1,000 enterprise customers spending more than $1 million per year on its Claude services, a figure that has doubled since February. SpaceX, Amazon and a Compute Land Grab Hours before Amodei took the stage, Anthropic dropped perhaps the most unexpected deal of the year. The company signed an agreement with SpaceX to use all of the compute capacity at the Colossus 1 data center in Memphis, giving it access to more than 300 megawatts of capacity and over 220,000 Nvidia GPUs within the month. This is the same facility Elon Musk’s xAI built to power Grok, now being handed over to a direct competitor. Colossus 1 adds to a growing infrastructure stack that already includes a multibillion-dollar compute deal with Amazon for up to 5 gigawatts of capacity and a separate partnership with Google and Broadcom for an additional 3.5 gigawatts beginning in 2027. The immediate payoff for users is tangible. Anthropic said it would double Claude Code’s rate limits on paid plans, remove peak-hour usage caps for Pro and Max accounts, and increase request volumes for its Opus models. The Race Isn’t Close Anymore Two years ago, Anthropic was a safety-focused research lab burning through capital. Today, its revenue run rate exceeds OpenAI’s $25 billion ARR and roughly 80% of its revenue comes from enterprise customers rather than consumer subscriptions. Forty percent of its top 50 clients are financial institutions, including Goldman Sachs, Visa and Citi. The $900 billion valuation round, if finalized, could also be Anthropic’s last private raise. Bloomberg has reported that the company is weighing an IPO as early as October 2026, with Goldman Sachs, JPMorgan and Morgan Stanley already in early discussions. On secondary markets, Anthropic shares have already traded at an implied $1 trillion valuation. The story coming out of San Francisco isn’t about whether Anthropic can compete with OpenAI. Revenue already answered that question. The story now is whether anyone, compute providers included, can keep pace with the demand curve Anthropic is riding. Still letting the bank keep the best part? Watch our free video on being your own bank .