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2 May 2026, 23:10

Taiwan Lawmaker Calls for Bitcoin Reserve Funded by $602B FX Chest

A Taiwanese legislator has formally presented a proposal to the country’s premier and central bank governor to allocate part of Taiwan’s $602 billion in foreign exchange (FX) reserves into bitcoin. Key Takeaways: Legislator Ko Ju-Chun presented a BPI bitcoin reserve report to Taiwan’s premier and central bank. Taiwan’s $602B FX reserves are over 80% in

2 May 2026, 22:00

Crypto market eyes 2017-style rally: 52.7% PMI confirms expansion phase

With ISM PMI at 52.7%, markets are leaning into an expansion phase, sparking speculation that crypto could repeat a pre-2017-style rally.

2 May 2026, 21:29

Fed Holds Rates Steady: BTC 78K, Warsh Candidate

Fed keeps rates steady, Powell era ending. Kevin Warsh candidate, BTC testing support at 78K. Middle East energy crisis hits inflation. Coinbase lists MEGA futures. Technical: RSI 61.69, strong R1 ...

2 May 2026, 21:00

Ethereum Foundation Moves 10K ETH In Latest Bitmine Transfer – Details

The Ethereum Foundation has completed another over-the-counter sale of its ETH holdings, this time offloading 10,000 ETH to BitMine Immersion Technologies as the counterparty. The transaction follows a continuing pattern of structured selling that has defined the Foundation’s treasury activity in recent months. Ethereum Foundation Completes Third Deal With Bitmine In an X post on May 1, the Ethereum Foundation reports its latest transaction with Bitmine involving an OTC sale of 10,000 ETH. The announcement explains that proceeds from the sale are earmarked for the Foundation’s core operations, covering protocol research and development, ecosystem expansion, and community grants. 0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,292.15 via OTC. For this sale, our OTC counterpart was @BitMNR . — Ethereum Foundation (@ethereumfndn) May 1, 2026 Interestingly, this recent event marks the third ETH sale transaction between the two parties. In March, the Foundation sold 5,000 ETH to BitMine at an average price of $2,042.96, worth approximately $10.2 million. A subsequent 10,000 ETH sale followed on April 24 at $2,387, valued at roughly $23.87 million. Combined with the latest deal, the Foundation has now transferred a total of 25,000 ETH to BitMine across three OTC transactions. On the receiving end, BitMine, chaired by Fundstrat’s Tom Lee, has emerged as the most aggressive corporate accumulator of Ethereum globally. The company currently holds over 5 million ETH, representing approximately 4.21% of the entire circulating supply, and has publicly set its sights on reaching 5%. Related Reading: Here’s How The Bitcoin Price Has Performed In The Last 9 FOMC Meetings And What To Expect Next Ethereum Foundation: The Bigger Picture Following criticism of past periodic ETH sales, the Ethereum Foundation introduced an updated Treasury Policy Framework in June 2025 to reduce direct offloads by deploying capital into DeFi protocols and staking ETH to generate alternative income. By April, it had staked approximately $143 million in ETH, reaching its 70,000-ETH staking target. Despite that, direct sales have continued in parallel, with the Foundation’s fiat-denominated reserve requirements creating an ongoing need to monetize holdings regardless of market conditions. The Foundation’s remaining ETH reserves currently stand at approximately 92,500 ETH, valued at around $214 million, and an on-chain analytics firm, Arkham, warns that holdings could be exhausted by 2027 at the current pace. At press time, ETH is trading around $2,290 as May commences, following a roughly 7% monthly gain in April. Meanwhile, the Ethereum Spot ETF has recently recorded weekly net outflows of $82 million, breaking a three-week streak of positive net flows. However, cumulative inflows remain firmly positive at $12.02 billion.

2 May 2026, 21:00

Tesla first to bring Chinese-built cars under new Canada tariff deal

Tesla started selling its cheapest Model 3 ever in Canada this week. Chinese smartphone giant Xiaomi is also getting ready to bring its electric cars to Europe next year. Tesla’s new Model 3 Premium RWD went on sale in Canada for $39,490 Canadian dollars. That’s about $29,000 in American money, the lowest price the electric sedan has sold for in Canada. The cars come from Tesla’s Shanghai factory, not its California plant. This marks the first time since 2024 that Tesla has shipped Chinese-made vehicles to Canada. Back then, Canada slapped a 100% tax on electric cars from China. Tesla switched to American-made models. Those got too expensive when Canada added a 25% tax on US vehicles in early 2025. One Model 3 version hit nearly $80,000 Canadian. Everything changed in January. Prime Minister Mark Carney worked out a deal with Beijing. The tax on Chinese electric vehicles dropped from 100% to 6.1%. But there’s a cap; imports can’t go over 49,000 cars per year. Tesla first to bring Chinese-built cars under new Canada tariff deal The base Model 3 Premium RWD goes 463 kilometers on a charge. Hits 100 kph in 4.2 seconds. Tesla also cut the price on its performance model by 17%. Now $74,990, down from $89,990. That version does 478 kilometers, reaches 100 kph in 3.1 seconds, and tops out at 262 kph. The price gap between the two models is $35,500, almost double the base version. Most people will probably go for the cheaper one. Nearly the same range, decent speed. In the US, the same base model costs $42,490. That’s 31% more than what Canadian customers pay. The difference comes down to where the cars are built and what taxes apply. One catch for Canadian buyers, these Shanghai-built cars don’t qualify for Canada’s $5,000 electric vehicle rebate. The government only gives that money for cars made in countries Canada has trade deals with. China’s not on that list. Still, $39,490 without any rebate is the lowest price Canadians have seen for this car. First deliveries start in May or June Chinese phone maker Xiaomi is making moves toward Europe The company only started building cars in 2024. At the Auto China show in Beijing last month, crowds packed Xiaomi’s booth to see founder Lei Jun show off new models. Xiaomi’s SU7 model got attention in April. Lei Jun drove one from Beijing to Shanghai, about 1,300 kilometers. Stopped once to charge. The whole trip was broadcast online. The company opened a research center in Munich last year, getting ready for Europe . Rudolf Dittrich runs it, a former BMW manager. Working to adjust Xiaomi’s cars to meet European rules and buyer preferences. Germany will likely be the first European country to get Xiaomi vehicles in 2027 . At Xiaomi’s Beijing factory, a new car comes off the line every 76 seconds. The plant uses over 700 robots. More than 90% automation in some areas. Xiaomi’s cars range from 27,000 euros to 38,000 euros. The company sold more sedans in its price range than anyone else in China last year. Wants to deliver 550,000 vehicles across all models this year. Europe’s electric car market grew to 17.4% of new car sales in 2025. Up from 13.6% the year before. The European Union put extra taxes on Chinese electric vehicles, though. They investigated whether China unfairly helps its carmakers. BYD plans to open 20 stores across Canada within a year, starting in Toronto. The import limit grows from 49,000 cars per year now to 70,000 by 2030. The smartest crypto minds already read our newsletter. Want in? Join them .

2 May 2026, 19:30

Bitcoin As Hedge: Taiwan Lawmaker Takes Reserve Proposal To The Top

Taiwan’s central bank is being given one month to produce a report on stablecoins and digital asset reserves — a deadline set not by its own leadership, but by a lawmaker in the country’s legislature. A Formal Push From The Legislature That instruction came from Dr. Ko Ju-Chun, a member of the Legislative Yuan, who formally presented a proposal urging Taiwan to allocate a portion of its national reserves into Bitcoin . The report he submitted was backed by the Bitcoin Policy Institute and was handed directly to Premier Cho Jung-tai and central bank Governor Yang Chin-long during an official session. This was not a press statement or a public speech. It was delivered inside a government chamber, to the people who hold the authority to act on it. The driving concern behind the proposal is the shape of Taiwan’s reserve portfolio. The country holds roughly $600 billion in foreign exchange reserves. More than 80% of that is tied to US dollar assets. BPI researcher Jacob Langenkamp described Taiwan’s situation as a convergence of geopolitical risk and reserve concentration — and argued that Bitcoin could stay within reach even in extreme situations where conventional financial assets might be blocked or restricted. Bitcoin Framed As A Security Tool, Not Just An Investment That argument positions Bitcoin as something beyond a speculative holding. BPI’s Sam Lyman pointed to Dr. Ko’s move as evidence that Taiwan’s lawmakers are evaluating the asset with genuine seriousness, treating it less like a financial product and more like a strategic instrument. Unlike gold, which must be physically transported, or fiat assets, which depend on government systems and bilateral trust, Bitcoin operates outside those structures entirely. The proposal does not ask Taiwan to go all in. It asks the government to consider putting a slice of its reserves into Bitcoin as a hedge — specifically as a way to reduce dependence on dollar-denominated assets amid a shifting geopolitical environment. The Central Bank Remains Cautious Whether that recommendation gains any traction remains uncertain. Taiwan’s central bank turned down Bitcoin as a reserve asset in 2025, citing concerns over price swings, liquidity, and the practical challenges of custody. Its position has not officially changed. What has changed is the activity underneath. The bank has been running a sandbox program using seized Bitcoin to test how digital assets might behave within a controlled framework. That is not the same as endorsement, but it is not dismissal either. The executive branch and central bank will now formally assess the proposal, with their decision likely to draw attention from nations weighing comparable strategies. Featured image from MetaAI, chart from TradingView