hodler

30 May 2026, 09:35

US Seizes $1B Iranian Crypto as Coinbase, JPMorgan Clash Over CLARITY Act

Crypto News The United States has seized roughly $1 billion in Iranian cryptocurrency assets, Treasury Secretary Scott Bessent disclosed at the Reagan National Economic Forum on Friday. Bessent sai...

30 May 2026, 09:28

Bitcoin treasury space still has fair share of ‘carnival barkers’: BSTR founder

BSTR co-founder Sean Bill says many Bitcoin treasury companies lack the “ability to actually deploy Bitcoin.”

30 May 2026, 08:59

Bitdeer sells all mined Bitcoin for 14th straight week, holds zero BTC

Bitdeer moved ahead to sell all the coins it mined during the week ending May 29. This led the company to maintain its zero-balance treasury policy. It had mined more than 206 BTC during the period and sold all of them. However, the customer deposit has been excluded from this. The biggest crypto is dealing with heavy selling pressure, and Bitdeer added some more to it. Bitcoin price has dipped by 16% since the beginning of the year. The Fear and Greed index is flashing big warnings. The index dipped into the “Fear” category with 33 points. Bitdeer chooses Cash over Bitcoin Bitdeer’s treasury was last emptied back at the end of February. The Bitcoin mining company started its year with around 2,000 BTC. It drained it all over an 8-week liquidation period. During the last week of the treasury drawdown, Bitdeer sold off an additional 943.1 BTC in reserves over their normal production sales. Bitdeer insisted at the time that it was a matter of liquidity because of infrastructure investment and not a bearish call on Bitcoin price. Three months later, Bitdeer’s zero-balance treasury policy has not changed. For every weekly update that has occurred since February, Bitdeer has mined and then sold all its BTC holdings, having zero on the balance sheet at the end of each week. TechFlow referred to Bitdeer as an “immediate mine, immediate sell” company and contrasted that with those that add all mined BTC as a long-term balance sheet asset. Bitdeer is not a small operation. The company boosted its own hashrate to 63.2 EH/s earlier this year and produced 783 BTC in April alone. However, all of that has been sold off. It is quite an unusual trend for a big mining player to be selling all of its mining output for over three months, which gives a clear message to investors: its operational expenses are higher than the reason behind holding its production. Bitdeer used this money to build on. It has raised $325 million through convertible notes and $43.5 million in equity earlier this year to develop its data centers, build new generation ASICs, and venture into AI cloud services. Its Tydal facility in Norway has been developed into an AI data center, and AI Cloud Services revenue has reached a yearly run-rate above $69 million. Bitdeer sells while rivals keep stacking BTC Bitdeer’s zero-BTC stance looks stark against its largest competitors. MARA Holdings maintains a treasury of approximately 53,250 BTC, Riot Platforms holds around 18,000 BTC, and Strategy (formerly MicroStrategy) sits on more than 717,000 BTC, according to Bitcoin Magazine. The divergence raises a question the market has not fully priced: if miners who actually produce Bitcoin choose not to keep it, what does that say about the risk-reward calculus for companies that buy it on the open market? Bitdeer has not said whether it plans to rebuild its treasury position. Q1 2026 revenue came in at $188.9 million, up about 170% year over year, but the company posted a net loss of $159.5 million. Gross margins had already compressed to 4.7% in Q4 2025, down from 7.4% a year earlier, per Bitcoin Magazine. The stock has rallied regardless. BTDR traded up roughly 14% on May 28, climbing from the low $12 range earlier in the month to $17.75. The smartest crypto minds already read our newsletter. Want in? Join them .

30 May 2026, 01:52

Bailey says UK banks still cannot access Mythos, blames US political hold-up

British banks still cannot access Anthropic’s Mythos model to test their systems against cyber threats, Bank of England Governor Andrew Bailey said Friday, six weeks after the model first drew regulatory concern. Bailey said Anthropic was willing to share Mythos on a trial basis, but the rollout had stalled. “It hasn’t happened yet, and I think this has been somewhat caught up in the process with the U.S. administration,” Bailey said on the sidelines of the central banking conference in Reykjavik. Anthropic promised UK banks access in April, but it has not arrived As Cryptopolitan reported in April, the Bank of England, the Financial Conduct Authority, HM Treasury, and the National Cyber Security Centre convened to assess the risks Mythos posed to British financial institutions. At the time, Anthropic’s head of UK, Ireland, and Northern Europe, Pip White, said that UK banks would receive access to Mythos within the week. That was six weeks ago. Bailey named Mythos explicitly in an April 15 speech at Columbia University, describing it as a major cybersecurity concern and saying cyber had climbed regulators’ risk rankings faster than any other category in recent years. Mythos is currently limited to a select few companies through Anthropic’s Project Glasswing for cybersecurity applications. Early access was given to Goldman Sachs and a few other US companies. Cryptocurrency firms and UK banks have been left out of the first release. Bailey pushes for coordinated global response Bailey, who also chairs the international Financial Stability Board, said cyber threats cannot be contained within national boundaries. “Spillovers from this sort of cyber risk are so big that we can’t just have a single sort of national approach,” he said. Banks are deeply interconnected across borders, he added, meaning that one country securing its own institutions would not be enough if others remain exposed. Anthropic has said the model can find and exploit software vulnerabilities better than all but the most skilled human experts. When Anthropic released Mythos to select customers, the company said it had already found thousands of high-severity vulnerabilities across open- and closed-source software, more than 99% of which remained unpatched. In the hands of defenders, Mythos could let banks find and fix flaws before attackers reach them. Outside that circle, the same capability becomes a threat. The banks still waiting for access are exposed to a tool that their potential attackers may eventually obtain. Why the US administration sit in the middle Bailey’s comments come while Anthropic is also at odds with the Trump administration over military access to its AI tools. The dispute is about where to draw the line on how the U.S. military can use the company’s technology. President Donald Trump recently postponed signing an executive order on artificial intelligence that would have created a voluntary process in which developers could seek input from the federal government before making their advanced models public. That postponement adds another layer of uncertainty for companies and regulators seeking clearer rules around frontier AI systems. And for British banks, despite being flagged as exposed by their own central bank, remain on the outside of a tool that the Bank of England considers important enough to raise at an international conference. Anthropic has not publicly detailed the specific hold-up. The company said in April it was prepared to begin offering Mythos to British banks, with White citing “significant” engagement with UK bank chief executives since the model’s release. If you're reading this, you’re already ahead. Stay there with our newsletter .

29 May 2026, 22:00

Strategy’s Bitcoin Treasury Model Compared To Falling Dominoes By Peter Schiff

Strategy can cover its debt and preferred dividends even if Bitcoin drops to $8,000 — down from current levels around $73,000 — a claim the company makes as gold advocate Peter Schiff steps up his warnings about its business model. A Model Built On Cheap Debt Schiff, speaking in an hour-long video on May 28, argued that Strategy’s practice of using borrowed money to buy Bitcoin is one of three interconnected financial pressures, or “dominoes”, that could unravel together. The other two, in his view, are the $39 trillion US national debt and a ballooning AI investment bubble. His argument traces back to a period of low interest rates that made borrowing cheap and encouraged large-scale speculation. That environment, Schiff contends, allowed Strategy to keep piling into Bitcoin while the federal government continued spending beyond its tax revenues and investors kept pouring money into artificial intelligence ventures. Schiff pointed to Strategy’s recent decision to use roughly 60% of its cash reserves to retire zero-interest convertible notes three years ahead of schedule. He read that move as a sign the company needed to protect its liquidity while staying heavily exposed to Bitcoin. The Two Sides Of The Debate Other financial analysts see the same move very differently. Reports indicate that mainstream commentators viewed the early buyback as smart capital management — the notes were repurchased at a discount, which removed the threat of significant shareholder dilution down the road. Switching from convertible debt to preferred equity also reduces the pressure on the company if Bitcoin enters a prolonged slump, according to those analysts. On top of that, the restructured balance sheet could make it easier for Strategy to take on additional debt to fund more Bitcoin purchases. Strategy itself says the math still works at far lower Bitcoin prices. The company maintains it stays profitable as long as Bitcoin grows by at least 1.25% annually. Schiff’s Case Against Bitcoin Schiff, a long-standing critic of Bitcoin and vocal supporter of gold , argues the bigger danger arrives if interest rates rise sharply. Higher rates, he says, would burst the AI bubble, punish overleveraged investment models, and drag down companies like Strategy in the process. His recommendation is a move away from tech stocks, crypto, and high-debt investment structures and toward gold and physical assets. Reactions across social media to his video were mixed, with some users agreeing with his concerns over central bank policy, while others criticized what they described as his constant bearish outlook on Bitcoin. Featured image from Unsplash, chart from TradingView

29 May 2026, 20:40

Treasury Secretary Bessent Says US Has 'Grabbed' $1 Billion in Crypto From Iran

Treasury Secretary Scott Bessent said the U.S. has "outright grabbed" roughly $1 billion worth of cryptocurrencies from Iran via seizures.