Invest ideasNews
28 Apr 2026, 13:57
Official Approval for Israeli Shekel Stablecoin BILS
Israel approves shekel-based BILS stablecoin. Bits of Gold's Solana-based project is audited by Fireblocks and EY. This development, enriched by the shekel's strength and SOL technical analyses, in...
28 Apr 2026, 13:32
Bybit Launches BTC vs Tokenized Gold Trading Event With 150,000 USDT Prize Pool
Dubai, UAE, April 28th, 2026, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, has launched a new trading competition “BTC vs Gold: Pick, Trade and Share 150,000 USDT” that pits Bitcoin against tokenized gold assets, offering participants a total prize pool of 150,000 USDT. The campaign runs now through May 15, 2026. The initiative invites eligible users to select between Bitcoin, often referred to as digital gold, and tokenized gold assets including XAUT, XAU and PAXG, and compete based on trading activity. Participants earn voting tickets through trading eligible pairs, with each completed task contributing to their selected team’s total. At the conclusion of the campaign, the team with the higher number of accumulated tickets will be declared the winner. The winning side will share up to 90,000 USDT, while the remaining 60,000 USDT will be distributed among participants on the opposing team, reflecting a 60 percent and 40 percent split of the total pool. The campaign introduces a team-based structure designed to support competitive participation and multiple activity pathways. Alongside trading, participants may complete deposit and referral tasks, creating additional avenues for involvement. The inclusion of both Bitcoin and tokenized gold assets such as PAX Gold and Tether Gold allows users to engage with different asset types within a single framework. Eligible users may also receive lucky draw entries through task completion, with rewards such as mystery boxes credited shortly after winning. The campaign is open to users who register via the official page and meet eligibility requirements. Only trading activity conducted after registration will be counted toward rewards. Participation is limited to main accounts, with subaccount trading volumes consolidated under the primary account. Eligible trading activity includes transactions involving BTC, XAUT, XAU and PAXG, while options trading is excluded. The initiative reflects Bybit’s effort to expand user engagement by offering a structured environment to explore crypto-native and gold-backed digital assets within a single trading framework. Additional conditions apply, including geographic restrictions. The campaign is not available to users residing in restricted jurisdictions, including the European Economic Area. #Bybit / #NewFinancialPlatform About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] For updates, please follow: Bybit's Communities and Social Media ContactHead of PRTony [email protected] Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
28 Apr 2026, 13:30
Trump’s Bitcoin Reserve Could Be Near As White House Signals Major Update
A bill to lock in the US Strategic Bitcoin Reserve is being renamed the American Reserves Modernization Act — and that’s just one sign that the policy is moving faster than many expected. Related Reading: XRP Signals Imminent Breakout — Is A 10% Rally Coming? Congress And The White House Move In Parallel Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, told attendees at the Bitcoin 2026 conference in Las Vegas on Monday that a major update on the reserve is coming within weeks. He said the executive branch has spent months working through the legal and operational questions needed to properly secure bitcoin already sitting on the government’s balance sheet. “We believe we’re going to be able to take a big step forward from the executive branch side in the next few weeks,” Witt said. The announcement, whatever form it takes, is expected to cover how the reserve will be run and how existing law supports it. An open question remains: will it say anything about buying more bitcoin? Right now, the reserve holds only seized assets — bitcoin collected through criminal and civil forfeitures. No new purchases have been authorized. US President Donald Trump signed an executive order in March 2025 establishing the reserve. That order directed the government to hold its existing bitcoin rather than sell it, and created a separate stockpile for other digital assets. But executive orders can be reversed by the next administration, which is exactly why lawmakers want a law to back it up. The Push To Codify The Reserve Sen. Cynthia Lummis and Rep. Nick Begich have been working on legislation to do that. Their bill — formerly called the Bitcoin Act — proposes acquiring up to 1 million BTC over five years through budget-neutral strategies. On Monday, Begich announced the bill is being rebranded as the American Reserves Modernization Act, or ARMA. The changes in the reintroduced version have not been fully disclosed yet. Witt was clear that legislation must follow any executive action. The White House can move first, but Congress needs to act to make the policy stick. Market Skepticism Remains Not everyone is convinced this will move quickly. Polymarket data shows only a 23% chance of the US formally establishing the reserve before 2027. The Clarity Act, a broader crypto market structure bill that was seen as a stepping stone for the reserve, is still facing delays in the Senate. Related Reading: Trump Memecoin Gala Leaves Crypto Battling Fresh Credibility Crisis Ethics concerns are also hanging over the broader crypto agenda. Democrats have pushed for provisions that would bar executive branch officials — including the president — from promoting or issuing digital assets, with critics arguing Trump family involvement in crypto ventures creates a conflict of interest. The coming weeks will show whether the White House’s expected announcement delivers something concrete or simply sets the stage for a longer legislative process still ahead. Featured image from Pexels, chart from TradingView
28 Apr 2026, 13:30
White House Crypto Adviser Hints at ‘Breakthrough’ Bitcoin Reserve Move
A "big announcement" on the U.S. Bitcoin strategic reserve could drop soon, but Treasury and a stalled Senate bill continue to set limits.
28 Apr 2026, 13:26
Israel's debuts shekel-pegged stablecoin framework after two-year pilot phase
After a two-year regulatory pilot, the Israel Capital Market Authority has made a cautious move toward regulating digital assets by approving its first shekel-pegged stablecoin framework, BILS. The action highlights the growing demand for regulated, fiat-backed digital currencies amid the global stablecoin market, which has surpassed $320 billion. The Israel Capital Market Authority authorized the introduction of BILS, to be launched by licensed provider Bits of Gold under regulatory supervision in Israel. The token will enable cross-border shekel transfers, smart contract execution, foreign exchange with major stablecoins like USDC, and liquidity provision. The stablecoin market is currently valued at over $320 billion and processes approximately $46 trillion in transactions annually. Stablecoins have also evolved from a crypto-native product to a payment and settlement infrastructure . Regulatory sandbox enables controlled stablecoin testing phase According to the Israel Capital Market Authority, the government’s broader digital asset strategy aligns with the draft stablecoin law, which will be made available for public comment. It stated that the approval came after a two-year procedure in which Bits of Gold tested stablecoin issuance in a controlled setting while operating under a regulatory sandbox. Yuval Rouach, founder and CEO of Bits of Gold, said that the regulators evaluated issuance procedures, client asset custody, risk management systems, business continuity planning, cybersecurity protections, and adherence to financial regulations during the pilot. The framework mandates that the stablecoin be fully backed by the Israeli shekel on a 1:1 ratio, with reserves held in separate accounts within Israel. “The approval represents a milestone not only for our company, but for the evolution of financial infrastructure. BILS creates a direct bridge between the Israeli shekel and the global digital assets economy, enabling real-time payments, on-chain trading and programmable financial applications based on a regulated local currency.” -Yuval Rouach, Bits of Gold founder and CEO. The authority’s head, Amit Gal, stated that the action promotes technological innovation while preserving financial stability, safeguarding customers, and lowering systemic risks. Against this backdrop, the approval puts Israel in line with a broader global trend in which governments are progressively influencing stablecoins as regulated parts of financial infrastructure rather than unregulated cryptocurrency assets. The emergence of sovereign-backed stablecoins like BILS suggests a move toward more state-integrated digital currency systems as international organizations such as central banks and international financial authorities demand greater regulation. Global regulators align on stablecoin oversight frameworks Similar legislative strategies are being explored in other countries, including the UK, where legislators have established a framework for stablecoins denominated in sterling. On November 10 of last year, the Bank of England proposed a regulatory framework for sterling-denominated systemic stablecoins that categorizes digital tokens by their use for financial market settlement, corporate transactions, and payments. According to the bank, the framework assigns less regulation to non-systemic tokens used in restricted cryptocurrency trading activities, while placing extensively used stablecoins under joint supervision by the Bank of England (BoE) and the Financial Conduct Authority (FCA). Stablecoin regulation is increasingly being portrayed as a cross-border policy concern, according to a recent Cryptopolitan report dated April 20, 2026. Global institutions have warned that fragmented national approaches could increase vulnerabilities in interconnected financial markets. The report noted that the Bank for International Settlements (BIS) warned that stablecoins do not yet have the structural protections necessary to serve as widely used payment methods without posing systemic risks. The BIS argued that if stablecoin adoption picks up, issuers may draw liquidity into new digital channels, prompting deposit withdrawals from existing banking channels and shifting credit intermediation in favor of non-bank financial firms that are more vulnerable to market stress. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank
28 Apr 2026, 13:26
Bitcoin at 76K: Fidelity Report Promising
While Bitcoin pulls back at 76K$, Fidelity's Q2 report gives hope: NUPL positive, dominance increasing. Technically, RSI 55.83, strong S1 73.7K support. White House BTC reserve announcement imminen...
