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20 May 2026, 16:12
Tether Tightens Grip on Bitcoin Treasury Firm Twenty One With SoftBank Buyout
After dropping nearly $1 billion on the Bitcoin treasury firm co-founded by Tether, Japanese investment firm SoftBank has been bought out.
20 May 2026, 16:03
Is Europe preparing to rewrite MiCA crypto rules?
The European Commission opens a review of Markets in Crypto-Assets Regulation (MiCA). The EC is asking whether the regulations still match the rapidly evolving market or it requires any new adjustments. MiCA turned out to be the first broad crypto rulebook that got the support of a major economy. However, Policymakers in parts of Asia, Latin America and the Middle East have closely watched its rollout. MiCA under review The global crypto market has seen multiple runs since MiCA came into effect. The cumulative crypto market cap has surged from $3.3 trillion in May 2025 to hit $4.2 trillion in October 2025. As of now, it hovers around $2.6 trillion. Bitcoin pric e has dropped by more than 26% over the last year. BTC is trading at $77,463 at the press time. The EC’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union opened two consultation tracks. One of them is a public consultation open to all participants. The other is for a targeted questionnaire aimed at crypto issuers. This includes digital asset service providers, banks, technology firms, academics, and public authorities. However, the processes for both close on August 31. The review focuses on MiCA’s central provision. This includes rules that cover three classes of crypto-assets. Those are asset-referenced tokens, e-money tokens, and other digital assets not already covered by EU financial law. It also scans the responsibility of crypto-asset service providers (CASPs). This will cover the companies that operate exchanges, custody platforms, and advisory businesses. New crypto rules under test? The timing of revision plays a crucial role here. Thisn in comes weeks before a key compliance deadline set for firms that are still operating under transitional arrangements. It suggests that companies that were legally active before 30 Dec 2024 have been permitted to continue operating temporarily while seeking full MiCA authorization . For France, Malta, Luxembourg, and Estonia, the window ends on July 1, 2026. They had adopted the maximum 18-month transition period. Meanwhile, there were members who imposed shorter deadlines. The Netherlands and Poland cut off their transition periods to mid-2025. Germany, Austria, and Ireland adopted 12-month arrangements that have ended in 2025. The global regulatory environment has also shifted since MiCA was originally drafted. The EU is not alone in building a crypto framework. The US lawmakers moved ahead with rules covering stablecoins and crypto market structure. Hong Kong introduced its licensing framework for crypto platforms back in 2023. This allowed them to regulate retail crypto trading under strict supervision. The UAE has its own Virtual Assets Regulatory Authority (VARA). It oversees digital asset activity in Dubai and is a standalone licensing system. The smartest crypto minds already read our newsletter. Want in? Join them .
20 May 2026, 15:52
EU Reopens MiCA, Tether Takes Twenty One, Fairshake Wins 6 Southern Primaries
Crypto News The European Commission opened a formal review of the Markets in Crypto-Assets Regulation on Wednesday, soliciting public and industry feedback on whether the bloc's landmark blockchain...
20 May 2026, 15:51
South Carolina Passes Pro-Crypto Law
South Carolina signs a senate bill into law, prohibiting authorities from implementing unfriendly crypto rules and the use of government-controlled digital currencies.
20 May 2026, 15:45
River Financial Discloses 437 BTC on Its Balance Sheet, Ranking Among Top Corporate Holders
BitcoinWorld River Financial Discloses 437 BTC on Its Balance Sheet, Ranking Among Top Corporate Holders Bitcoin-focused financial services firm River has disclosed that it holds 437 Bitcoin on its corporate balance sheet. This announcement places the company among the largest publicly known corporate holders of the digital asset, currently ranking ninth in that category. River’s Bitcoin Treasury Strategy The disclosure, made by the company, confirms a significant allocation to Bitcoin as part of its treasury management. For River, a firm whose core business revolves around Bitcoin financial services, holding the asset on its own balance sheet aligns its corporate strategy with its product offerings. This move signals a strong conviction in Bitcoin’s long-term value proposition, moving beyond simply facilitating trades for clients to becoming a direct investor itself. Context Among Corporate Bitcoin Holders River’s 437 BTC holding places it just behind other notable corporate treasuries. The list of top corporate holders is led by MicroStrategy, which holds a vastly larger amount, followed by firms like Marathon Digital Holdings and Tesla. While River’s position is comparatively modest, its inclusion in the top ten underscores a growing trend of companies, particularly those within the financial technology and cryptocurrency sectors, adopting Bitcoin as a reserve asset. This trend is driven by factors such as a hedge against inflation, a desire for asset diversification, and a belief in the future of digital currency. Implications for the Broader Market River’s announcement is more than just a single data point; it reinforces the narrative of increasing institutional adoption of Bitcoin. When a company that provides Bitcoin services puts its own capital at work, it sends a powerful signal of confidence to its client base and the wider market. This can encourage other firms, especially those in adjacent financial niches, to consider similar treasury strategies. The move also adds to the overall transparency of Bitcoin ownership, as such disclosures help analysts track the flow of Bitcoin into corporate treasuries, a key metric for assessing market maturity. Conclusion River’s disclosure of its 437 BTC corporate treasury is a clear indicator of the company’s commitment to the Bitcoin ecosystem. By joining the ranks of top corporate holders, River not only strengthens its own financial position but also contributes to the broader trend of institutional Bitcoin adoption. This development provides a concrete example for other companies evaluating the role of digital assets in their own treasury management. FAQs Q1: What is River Financial? A: River Financial is a financial services company that specializes in Bitcoin. It offers services such as Bitcoin buying, selling, and custody, catering to both individual and institutional clients. Q2: How does River’s 437 BTC holding compare to other companies? A: With 437 BTC, River is the ninth-largest publicly known corporate holder of Bitcoin. The largest holder is MicroStrategy, which holds over 200,000 BTC. This ranking is based on publicly disclosed corporate treasuries. Q3: Why do companies hold Bitcoin on their balance sheets? A: Companies hold Bitcoin for various reasons, including as a hedge against inflation, a store of value, a potential for capital appreciation, and as a strategic alignment with their business model, particularly for firms in the cryptocurrency sector. It is a form of treasury diversification. This post River Financial Discloses 437 BTC on Its Balance Sheet, Ranking Among Top Corporate Holders first appeared on BitcoinWorld .
20 May 2026, 15:11
Goldman Sachs dumped over $1 billion in XRP, ETH & BTC – but bought this crypto
Goldman Sachs Group Inc. (NYSE: GS ) trimmed its positions in Bitcoin ( BTC ), Ethereum ( ETH ), XRP , and Solana ( SOL ) by more than $1 billion in the first quarter of 2026, but increased its exposure in Hyperliquid ( HYPE ). These findings are according to the bank’s Form 13F filing with the United States Securities and Exchange Commission (SEC), analyzed by Finbold on May 20. Notably, Goldman Sachs fully exited its XRP holdings of about $152 million, as Finbold explained . Goldman Sachs XRP holdings change. Source: SEC Filing The bank trimmed its Ethereum holdings by over $904 million, a 88% decline, between the fourth quarter of 2025 and the end of the first quarter of 2026. As such, Goldman Sachs reported around $117.6 million in ETH by the end of Q1 2026. Goldman Sachs ETH holdings change. Source: SEC Filing Similarly, the investment bank reduced its Bitcoin exposure to $716.2 million quarter over quarter, representing a contraction of approximately 33%. Goldman Sachs BTC holdings change. Source: SEC Filing The bank liquidated its Solana holdings in full during the first quarter, as Finbold reported. As such, the bank sold about $1.51 billion in crypto during the first three months of 2026. However, the holding company opened a new $3.3 million position in Hyperliquid Strategies (NASDAQ: PURR), a digital asset treasury company that accumulates Hyperliquid (HYPE). Goldman Sachs PURR holdings change. Source: SEC Filing Why is Goldman Sachs loading up HYPE? The demand for HYPE among institutional investors has grown in recent months, driven by rising interest in decentralized trading of crypto perpetuals. Furthermore, Hyperliquid has dominated the current fee market with a 43% share, which represents around $11 million per week, according to data from DeFiLlama . Fees per chain market share. Source: DeFiLlama As such, HYPE price has outshined other top crypto assets year to date (YTD) despite the overall bearish sentiment. HYPE/USD YTD chart. Source: Finbold The token has surged by more than 100% YTD, trading at about $51.04 at the time of publication. The post Goldman Sachs dumped over $1 billion in XRP, ETH & BTC – but bought this crypto appeared first on Finbold .
