Invest ideasNews
30 May 2026, 12:00
$10M In Bitcoin: Texas Breaks From IBIT To Build Its Own BTC System
A public website showing real-time Bitcoin holdings and valuations will be required from whichever firm wins the contract — a transparency measure that sets Texas apart from most institutional holders. The state’s comptroller office released the requirement last Thursday alongside the announcement of a new advisory committee formed to guide the reserve’s operations. Going Direct Texas has been sitting on $10 million worth of BlackRock’s iShares Bitcoin Trust, a spot ETF used as a temporary position while the state worked out a longer-term plan. That plan is now taking shape, and it means moving away from ETF exposure entirely toward Bitcoin held directly in the state’s name. BREAKING: TEXAS JUST ANNOUNCED THEY ARE PLANNING TO BUY MORE #BITCOIN FOR THEIR RESERVES 1st STATE TO BUY BTC OPENLY. THIS IS HUGE pic.twitter.com/zFRBMs6MRP — The Bitcoin Historian (@pete_rizzo_) May 29, 2026 The Texas Comptroller of Public Accounts issued a request for proposals on May 7, calling for a custody and liquidity provider to handle the transition. The winning firm will have 60 days after contract signing to move the existing IBIT holdings into directly custodied Bitcoin. The scope of work goes well beyond simply storing coins. According to the procurement document, the provider must handle acquisitions, sales, ongoing management, and reporting — covering the full range of tasks needed to run a functioning state-level Bitcoin reserve. Who Will Advise Acting Comptroller Kelly Hancock named four people to the Texas Strategic Bitcoin Reserve Advisory Committee. They are Laurie Dotter, a veteran investment executive; Jamie McAvity, founder and CEO of Cormint Data Systems; Carla Reyes, a digital asset law professor at Southern Methodist University; and Gary Vecchiarelli, president and CFO of CleanSpark. The committee’s role covers custody arrangements, risk management, and how the state reports performance to lawmakers. It will also weigh in on broader investment strategy for the reserve going forward. Officials said the reserve could eventually hold assets beyond Bitcoin. The RFP language leaves the door open to other large-cap cryptocurrencies, though no specifics were named. A Reserve Built On Law The reserve was created through state legislation backed by supporters who argued Bitcoin could act as a buffer against inflation and economic swings over time. Texas allocated $10 million to fund it, using IBIT as a bridge position from the start. The public transparency website is among the more unusual features of the plan. Texas would essentially be publishing a live ledger of its crypto holdings, updated in real time, accessible to anyone. Proposals from interested custody firms are being accepted through the state’s procurement portal. Featured image from Pexels, chart from TradingView
30 May 2026, 11:35
Ripple said to lead $1 billion XRP treasury raise: Report
The planned vehicle would be the largest XRP-focused digital asset treasury yet, even as investor appetite for token accumulation stocks has weakened after the recent crypto selloff.
30 May 2026, 11:30
Nearly $1 Billion In Iranian Crypto Falls Into US Hands
Some Iranian crypto wallet owners may not even know yet that their money is gone. Treasury Secretary Scott Bessent disclosed Friday that the US has quietly seized roughly $1 billion in digital assets tied to Iran, a figure that has nearly tripled from earlier estimates released just weeks ago. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Operation Economic Fury The seizures are part of a campaign called Operation Economic Fury, launched in March 2025, which has gone after Iranian assets on multiple fronts — freezing bank accounts, confiscating properties with European allies, and targeting cryptocurrency holdings. Bessent spoke about the effort at the Reagan National Economic Forum, describing the operation as part of a broader effort to cut off Iran financially. The $1 billion disclosure is roughly double the $500 million the Treasury Department announced in late April, and far above the $344 million figure that was made public earlier that same month. The numbers have been climbing fast. A Regime Under Pressure Iran’s financial situation, according to Bessent, has grown increasingly dire. He said inflation inside the country has likely surpassed 200%, food vouchers are being handed out, the internet has been shut down, and between 40 and 50% of Iranian troops are not receiving their pay. 💴🔺 U.S. announces it has seized $1 billion in Iranian cryptocurrency assets Treasury Secretary Scott Bessent said Friday that U.S. authorities have seized approximately $1 billion in Iranian digital assets as part of sanctions enforcement against Tehran.  The figure… — Drop Site (@DropSiteNews) May 29, 2026 Before the US stepped in, Bessent said the regime had been drawing $400 to $500 million a month and splitting it among roughly 80 leaders. That flow of money has since been disrupted, he said. The treasury secretary also touched on ongoing negotiations with Iran, saying the talks are complicated by a fractured leadership structure following strikes by the US and Israel on senior regime figures. The military campaign has been running for five and a half to six weeks, he said. Iran’s Bitcoin Gambit Even as its assets are being seized abroad, Iran has been exploring ways to use cryptocurrency to generate new income. Reports say the country has been weighing a platform called Hormuz Safe, which would sell digital marine insurance paid in Bitcoin to ships passing through the Strait of Hormuz. Related Reading: Bitcoin Could Enter Freefall If This Level Cracks: Analyst According to a state document cited by Fars News Agency, an outlet affiliated with the Islamic Revolutionary Guard Corps, the scheme could bring in over $10 billion. Whether that plan gains traction remains unclear. What is clear is that Iran is losing ground fast — its cash pipelines cut, its digital wallets emptied, and its leadership scrambling to find new ways to keep money flowing in. Featured image from Unsplash, chart from TradingView
30 May 2026, 10:30
BitMine Extends Ethereum Buying Spree With Another $50 Million
BitMine has made another Ethereum purchase despite the weak market condition, expanding its Ethereum treasury with another $50 million worth of tokens.
30 May 2026, 10:02
Market Expert: I Told You XRP Holders. It’s Happening
Financial expert Levi Rietveld recently claimed that developments surrounding the ongoing US-Iran situation could mark the beginning of a major shift for financial markets and cryptocurrencies, particularly XRP . In a tweet, Rietveld expressed strong confidence that conditions are aligning for the next bull market. In an attached video, Rietveld discussed reports from Iranian state media regarding a possible peace agreement between the United States and Iran. According to Rietveld, both sides appear to be nearing a final resolution. He said that the progress could have significant consequences for global markets, oil prices, inflation, and investor sentiment. I TOLD YOU $XRP FAM!!!! ITS HAPPENING!!!! pic.twitter.com/H9YHWFMilP — Levi | Crypto Crusaders (@LeviRietveld) May 28, 2026 Levi Rietveld Points to Signs of a Peace Agreement During the video, Rietveld stated that Iranian state media had announced initial details of a Memorandum of Understanding tied to a US-Iran peace deal. He explained that the proposed arrangement would reportedly involve US military forces withdrawing from areas near Iran while the US Navy lifts its blockade measures. He also noted that Iran had allegedly committed to restoring commercial transit activity through the Strait of Hormuz, one of the world’s most important oil shipping routes. According to Rietveld, Iranian media later clarified that military-related matters were not included in the draft agreement, suggesting that economic and trade issues may currently be the primary focus of negotiations. Rietveld said the United States had reportedly indicated that only a few wording issues remained unresolved before the conflict could officially end. He described the situation as close to complete and called the development “incredible news” for people around the world. Oil and Inflation Expectations Take Center Stage A major part of Rietveld’s argument centered on the economic impact of easing tensions in the Middle East. He claimed that a finalized agreement would help stabilize oil transportation and increase the global oil supply, which could put downward pressure on energy prices. According to him, falling oil prices would likely contribute to lower inflation figures. Rietveld argued that reduced inflation could eventually give the Federal Reserve more flexibility to loosen monetary conditions and inject more liquidity into the economy. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 He suggested that an increase in money circulation would create stronger investment conditions across financial markets. Rietveld specifically connected this possibility to cryptocurrencies and speculative assets, which often benefit from higher liquidity and improved investor confidence. Rietveld Connects Macro Events to XRP and Crypto Markets Rietveld concluded his remarks by describing the reported progress for peace as the “final catalyst” needed to push markets into another major bull cycle. While his comments focused heavily on broader macroeconomic developments, his tweet directly referenced the XRP community, indicating that he believes XRP could benefit significantly if global conditions improve. His comments reflect a growing trend among crypto analysts who increasingly connect geopolitical developments, inflation trends, and central bank policy to digital asset performance. For many market participants, expectations surrounding interest rates and liquidity remain closely tied to the outlook for cryptocurrencies. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Market Expert: I Told You XRP Holders. It’s Happening appeared first on Times Tabloid .
30 May 2026, 10:00
What The Fed Chairman Said About XRP And Its Implications For Holders
Tom, the founder of OpenFind, has drawn attention to a research paper co-authored by the Fed Chair Kevin Warsh , in which they highlighted XRP. Specifically, the paper discussed cross-border payments and how crypto assets such as XRP could serve as a bridge currency. Fed Chairman’s Research Paper Highlights XRP’s Utility In an X post , Tom mentioned that the new Fed chairman co-authored a paper naming XRP as a liquidity solution between stablecoins . He further mentioned that the paper clearly states that private sector infrastructure should not be ruled out in future digital money systems. The OpenFind founder noted that this is proof that private infrastructure providers like Ripple are becoming critical components of the financial system. Tom added that Ripple is one of the very few companies that has spent decades positioning for this moment. The 2022 paper discussed the possibility of a Special Drawing Rights-based stablecoin that can be exchanged for any national currency. The paper noted that such an arrangement could resemble the cross-border payments system that Ripple operates using XRP. Notably, the altcoin serves as the bridge currency in Ripple’s cross-border payments service, allowing customers to swap the crypto asset for their desired currency. Former Ripple CTO David Schwartz had previously commented on its role as a bridge currency, noting that it has more advantages over stablecoins since there isn’t one consensus stablecoin to settle these transactions in. Meanwhile, it is worth noting that the new Fed chair is pro-crypto and had disclosed his crypto exposure prior to his nomination hearing. As the Fed chair, Kevin Warsh could soon have direct regulatory oversight over Ripple, considering that the crypto firm has applied for a Fed master account. The Fed is currently considering launching a skinny master account that would provide these firms with access to the central bank’s payment rails. Ripple Stepping Into The Trillion-Dollar Market Pundit X Finance Bull noted that Ripple is stepping into the trillion-dollar market, as Ripple Prime has been confirmed as part of DTCC’s blockchain ecosystem . He pointed out that DTCC clears $114 trillion in securities annually, and now they are about to begin 24/5 near-continuous U.S. equities processing from Sunday through Friday. X Finance Bull further highlighted how this is bullish for XRP, as Ripple Prime’s infrastructure has been embedded in the development of tokenized securities . He also suggested that the market hasn’t priced in how bullish this is, stating that the altcoin is still priced as if market participants haven’t read the production schedule. The bull case is that some of this volume could flow through XRP if the DTCC clears tokenized equities on the XRP Ledger. At the time of writing, the XRP price is trading at around $1.35, up over 3%, according to data from CoinMarketCap.
