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21 May 2026, 16:40

Trump Signals $149 Billion in Tariffs May Be Refunded, Anticipates Supreme Court Defeat

BitcoinWorld Trump Signals $149 Billion in Tariffs May Be Refunded, Anticipates Supreme Court Defeat President Donald Trump has stated that the $149 billion collected from tariffs is likely to be refunded, acknowledging that the Supreme Court is expected to rule against his administration. Speaking on the matter, Trump remarked that the Court ‘has a tendency’ to rule against him, signaling a significant shift in the legal and fiscal trajectory of his trade policy. Background of the Tariff Dispute The tariffs in question, imposed during Trump’s first term and continued into his second, have been a cornerstone of his ‘America First’ trade agenda. The revenue, collected from importers on goods ranging from steel to consumer electronics, has been challenged in lower courts on constitutional and statutory grounds. Legal experts have noted that the cases hinge on whether the president has the authority to levy such broad tariffs without explicit congressional approval. Supreme Court Outlook Trump’s public prediction of a Supreme Court loss is notable, as it comes from a president who has frequently criticized the judiciary. The Court is expected to hear oral arguments in the coming months, with a decision likely by mid-2026. If the Court rules against the administration, the refund process could involve complex mechanisms for returning funds to importers, potentially affecting federal budget calculations and trade negotiations. Implications for Businesses and Consumers A refund of $149 billion would represent a major financial reversal for the U.S. Treasury. For businesses that paid the tariffs, a refund could provide a significant liquidity boost. However, the process may be lengthy, requiring detailed documentation and claims verification. Consumers, who have borne the cost of higher prices on imported goods, may see limited direct benefit unless businesses pass on savings. Political and Economic Reactions Reactions have been mixed. Trade hawks within the administration view the potential refund as a setback, while free-trade advocates see it as a validation of legal constraints on executive power. Economists warn that the uncertainty surrounding the tariffs has already disrupted supply chains and investment decisions. The refund, if ordered, could also set a precedent limiting future presidents’ tariff authority. Conclusion Trump’s acknowledgment of a likely Supreme Court defeat and the potential refund of $149 billion in tariffs marks a pivotal moment in U.S. trade policy. The outcome will have lasting implications for executive power, international trade relations, and the federal budget. As the legal process unfolds, stakeholders across industries are watching closely. FAQs Q1: Why would the tariffs need to be refunded? The tariffs may be refunded if the Supreme Court rules that they were imposed without proper legal authority, making their collection unlawful. Q2: How would businesses receive refunds? Businesses that paid the tariffs would likely need to file claims with U.S. Customs and Border Protection, providing proof of payment and import documentation. Q3: What does this mean for future trade policy? A Supreme Court ruling against the tariffs could limit presidential power to impose broad trade measures without congressional approval, reshaping how future administrations approach trade disputes. This post Trump Signals $149 Billion in Tariffs May Be Refunded, Anticipates Supreme Court Defeat first appeared on BitcoinWorld .

21 May 2026, 16:10

US Lawmaker Introduces Bill to Add Bitcoin to National Reserves

BitcoinWorld US Lawmaker Introduces Bill to Add Bitcoin to National Reserves Pro-crypto U.S. Representative Nick Begich has introduced the American Reserve Modernization Act (ARMA), a bill that proposes adding Bitcoin to the nation’s reserve assets. The announcement, made via X on [date of announcement], marks a significant legislative push to integrate digital assets into the U.S. government’s financial strategy. What the ARMA Bill Proposes The American Reserve Modernization Act aims to stockpile Bitcoin as a government reserve asset, arguing that the nation’s reserve portfolio must evolve with changing market perceptions of value. Begich stated that while the U.S. reserve asset balance sheet is a core component of the nation’s insurance policy, backing the dollar and ensuring stability, the definition of a sustainable store of value can shift over time. The bill would also centrally manage digital assets held by the federal government and protect them as reserve assets for future generations. Context and Implications The introduction of ARMA comes amid a broader global conversation about the role of digital assets in national financial systems. Several countries, including El Salvador and the Central African Republic, have already adopted Bitcoin as legal tender, while others are exploring central bank digital currencies. In the United States, the bill faces an uncertain path through Congress, where cryptocurrency regulation remains a deeply partisan issue. However, Begich’s proposal signals growing mainstream acceptance of Bitcoin as a legitimate financial instrument rather than a speculative asset. Why This Matters to Investors and the Public If passed, ARMA could fundamentally alter the U.S. government’s approach to digital assets, potentially stabilizing Bitcoin’s price through government demand and legitimizing it as a reserve currency. Critics argue that Bitcoin’s volatility makes it unsuitable for national reserves, while supporters point to its fixed supply and decentralized nature as hedges against inflation and currency debasement. The bill’s progress will be closely watched by financial markets, cryptocurrency exchanges, and policymakers worldwide. Conclusion The American Reserve Modernization Act represents a pivotal moment in the ongoing debate over digital assets in the United States. While its passage is far from guaranteed, the bill underscores a shift in how lawmakers perceive Bitcoin’s role in the national economy. Readers should monitor the bill’s progress through committee hearings and floor votes in the coming months. FAQs Q1: What is the American Reserve Modernization Act? The American Reserve Modernization Act is a bill introduced by Representative Nick Begich that proposes adding Bitcoin to the U.S. government’s reserve assets, alongside gold and other traditional reserves. Q2: Why is Bitcoin being considered for national reserves? Proponents argue that Bitcoin’s fixed supply and decentralized nature make it a hedge against inflation and a modern store of value. The bill aims to adapt the U.S. reserve portfolio to evolving market perceptions. Q3: What are the chances of the bill passing? The bill faces significant hurdles in a divided Congress, but its introduction marks a notable step in the mainstream acceptance of cryptocurrency. Its progress will depend on bipartisan support and further legislative debate. This post US Lawmaker Introduces Bill to Add Bitcoin to National Reserves first appeared on BitcoinWorld .

21 May 2026, 16:00

Bitcoin treasury firm Nakamoto approves reverse stock split after NAKA’s 99% collapse

The share split will reduce share supply by over 97% in attempt to keep the stock price above $1.

21 May 2026, 15:55

Bithumb blocks Heleket over money laundering, terrorism financing concerns

South Korea’s second-largest crypto exchange, Bithumb, has severed ties with Heleket, a global cryptocurrency payment processor, due to anti-money laundering and terrorism financing risks. The news arrives as Bithumb works to improve its compliance record after South Korean regulators dropped a 36.8 billion won ($24.6 million) fine against the exchange earlier this year for processing tens of thousands of transactions through unregistered foreign platforms. Why did Bithumb cut ties with Heleket? The decision to drop Heleket was not random. Blockchain intelligence firm TRM Labs published research last month assessing “with high confidence” that Heleket and Cryptomus, a Russia-linked payment processor, are operationally connected through shared infrastructure, personnel, branding, and on-chain activity. TRM Labs reported that the initial liquidity into Heleket’s wallets came from Garantex. Source: TRM Labs. TRM’s analysis also discovered that Heleket was established in January 2025, just after Cryptomus introduced mandatory know-your-customer (KYC) controls that drove its on-chain volume down from $153 million in January 2025 to $86 million by March. The timing suggests Heleket was built to attract the users fleeing Cryptomus’s new KYC requirements. In October 2025, Cryptomus was hit with a record-breaking fine of around CAD 177 million by Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) for violating money laundering and terrorist financing laws. TRM also observed that between 2022 and 2025, Cryptomus had become a major hub for illegal activities, processing hundreds of millions of dollars for child pornography vendors, terrorist financing networks, and others trying to bypass international sanctions through the now-blacklisted Russian exchange Garantex. Cryptomus was fined in Canada for violating money laundering and terrorist financing laws. Source: TRM Labs. According to TRM Labs’ data, Heleket’s own illegal exposure was about five times the average recorded across payment service providers. The first major liquidity that flowed into Heleket came directly from Garantex, which is an unusual pattern for any service claiming to operate within European Union regulations. Heleket’s AML/KYC policy on its website states it will not cooperate with individuals on designated sanctions lists while claiming that it verifies customer identities. TRM, however, noted that users can complete transactions on the platform without providing any identity documentation, which is a direct contradiction of their public procedures. Bithumb has its own compliance problems Bithumb’s decision to cut off Heleket is part of a broader trend of forced compliance upgrades at the exchange. According to Cryptopolitan , South Korea’s Financial Intelligence Unit (FIU) caught approximately 6.65 million violations of the Specific Financial Information Act on Bithumb, including processing 45,772 transactions with unregistered foreign crypto platforms without properly verifying customer identities. The FIU also imposed a six-month partial business suspension alongside the fine back in March. However, Bithumb immediately fought back in court, and on April 30, the Seoul Administrative Court’s 2nd Division granted an injunction that paused the suspension while the legal dispute continues. To make things worse for Bithumb, the Financial Services Commission (FSC) in a separate investigation found “deficiencies in Bithumb’s internal control system” during an investigation into an earlier incident in February where a staffer accidentally sent out 620,000 Bitcoins instead of 620,000 won during a promotional payout. This error was worth roughly $40 billion, according to Cryptopolitan . As a result, the FSC has tightened regulations for all major South Korean exchanges, requiring them to perform reconciliation checks every five minutes, implement automatic trading halts for major mismatches, and conduct monthly audits. If you're reading this, you’re already ahead. Stay there with our newsletter .

21 May 2026, 15:50

Canada’s Gold Price Surge Bolsters Export Performance, RBC Reports

BitcoinWorld Canada’s Gold Price Surge Bolsters Export Performance, RBC Reports A sustained rally in global gold prices is providing a significant tailwind for Canadian exports, according to a recent analysis from RBC Economics. The report highlights that rising precious metal values are helping to offset broader weaknesses in other trade sectors, offering a critical buffer for the national economy amid ongoing global uncertainties. Gold’s Role in Canada’s Trade Balance RBC’s analysis points to gold as a standout performer in Canada’s export basket. The bank notes that the surge in gold prices, driven by safe-haven demand, geopolitical tensions, and expectations of looser monetary policy, has directly lifted the nominal value of Canada’s gold shipments abroad. This has contributed positively to the country’s overall trade balance, even as exports of other key commodities, such as energy and forestry products, have faced headwinds from weaker demand and price volatility. “The price effect is particularly pronounced for gold,” the RBC report states. “Because Canada is a significant producer and exporter of gold, the rise in prices translates directly into higher export revenues, providing a meaningful support to the trade account.” Implications for the Canadian Dollar and Economic Outlook The strength in gold exports has broader implications for the Canadian economy. Higher export revenues from gold can help stabilize the Canadian dollar, which has been under pressure from fluctuating oil prices and divergent central bank policies. For investors and policymakers, the resilience of gold exports offers a degree of insulation against a sharper slowdown in trade activity. However, RBC also cautions that the sustainability of this support depends on the trajectory of gold prices, which remain sensitive to shifts in global risk appetite and interest rate expectations. A sharp reversal in gold prices could quickly diminish the positive contribution to exports. What This Means for Investors and Businesses For market participants, the RBC analysis underscores the importance of monitoring commodity price dynamics, particularly gold, as a key indicator for Canada’s trade health. Businesses in the mining and logistics sectors may benefit from sustained demand, while exporters in other industries should remain cautious about the uneven nature of the recovery in global trade. Conclusion RBC’s assessment confirms that the gold price surge is providing a tangible, near-term boost to Canada’s export performance. While this offers a welcome cushion, the broader trade outlook remains mixed, and the reliance on a single commodity highlights ongoing vulnerabilities. The report serves as a reminder that Canada’s trade resilience is increasingly tied to the volatile movements of precious metals markets. FAQs Q1: Why is the gold price surge important for Canada’s exports? Canada is a major gold producer. Higher gold prices increase the nominal value of gold exports, which boosts total export revenues and supports the country’s trade balance, especially when other sectors are underperforming. Q2: What did RBC’s report specifically say about gold and trade? RBC highlighted that the price effect from rising gold values is providing a meaningful support to Canada’s trade account, helping to offset weaknesses in other export categories like energy and forestry. Q3: Could this positive trend for gold exports continue? The trend depends on global gold prices, which are influenced by factors such as geopolitical risks, interest rate decisions by major central banks, and overall investor demand for safe-haven assets. A significant price drop could quickly reverse the positive impact on exports. This post Canada’s Gold Price Surge Bolsters Export Performance, RBC Reports first appeared on BitcoinWorld .

21 May 2026, 15:32

HYPE sets fresh high above $60 as ETF issuers pile in

HYPE broke out with another vertical rally on Thursday, this time breaking to new records above $60. The token saw increasing interest from whales and wallets linked to Grayscale and Bitwise. HYPE, the native token of Hyperliquid, climbed to a new range of price discovery above $59. The token rallied during US trading hours, repeating a pattern from the past week. HYPE went vertical, trading at a new all-time peak of $61.68, as trading volumes reached a three-month high. HYPE broke to a new record of $61.68, on a mix of institutional and ETF buying, as well as a recent short squeeze. | Source: CoinGecko . The recent rally of HYPE goes against the general weakening of the crypto market, especially of ETH. Hyperliquid has become more influential for DeFi activity and trading, leading to an expectation the platform may become key to the next crypto bull cycle. The token is already up by 104% in the past 90 days, and is almost among the top 10 of the fastest-appreciating coins and tokens. Why is HYPE in the spotlight? HYPE is reviving several narratives, becoming a promising token in an otherwise cautious crypto market. Hyperliquid is one of the main contenders for becoming a crypto hub for asset tokenization and real-world trading pairs. The recent HYPE rally, starting out from $45, also led to increased derivative trading. HYPE open interest rose to an all-time high, rising above $2.1B. In a single day, HYPE open interest on Hyperliquid rose from $1.2B to $1.4B , based on Coinalyze data. HYPE ETF also marked record inflows in May, as traders bought over 580K tokens. Inflows into HYPE jumped to a new peak, while other ETFs fell under selling pressure. As Cryptopolitan reported , HYPE broke above the $50 milestone for the first time since October 2025. In the past day, mindshare on social media also picked up, further accelerating demand for HYPE. Based on Messari data, HYPE mindshare rose from 0.8 to 0.9 points in the past day. The token is not explicitly promoted by influencers, but has turned into one of the sources of growth in the crypto space, inviting both strategic whales and speculative traders. HYPE revives ETF, treasury model The strong appreciation of HYPE and its positive outlook turned the token into an attractive target for institutional buyers. The rise of HYPE reflected on the market price of Hyperliquid Strategies, Inc. (Nasdaq:PURR). The asset rose to an all-time high of $8.28, becoming an outlier among treasury company stocks. Hyperliquid Strategies (Nasdaq: PURR) broke to an all-time peak, reflecting the appreciation of HYPE. | Source: Yahoo Finance . Recently, Bitwise also published its HYPE address for the Bitwise Hyperliquid ETF. Acquisition data may boost demand for HYPE as a way of copying the strategy of large-scale investors. Inflows to HYPE ETF reached an all-time peak, reflecting the growing influence of Hyperliquid. | Source: CoinGlass . Hunter Horsley, CEO of Bitwise, commented that Hyperliquid and Solana will expand as new types of platforms, driven by real adoption and use cases. Additional demand is coming from Grayscale, which has prepared for an eventual HYPE ETF. The fund built up one HYPE address valued at over $13M, and another valued at $6.7M. Grayscale started actively buying HYPE in the past week to achieve rapid accumulation. Hyperliquid has become a one-stop hub for the latest trend in crypto, with the most active pairs for trading stocks, commodities, and metals. Recently, the platform added prediction markets, leveraging its community as a source of liquidity. If you're reading this, you’re already ahead. Stay there with our newsletter .