Invest ideasNews
9 May 2026, 22:00
XRP Price Eyes Breakout, TON Jumps 69%, Bollinger Finally Bullish on Bitcoin — Top Weekly Crypto News
This week's top stories: XRP coils for breakout; Toncoin Rockets 69%; Bollinger's model says 'buy' Bitcoin.
9 May 2026, 21:30
Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank
Campaign founder Yves Bennaim isn’t giving up. Even after his group failed to gather enough signatures to force a Swiss national referendum on Bitcoin reserves, Bennaim said another push could follow. Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days The Swiss direct democracy system requires campaigns to hit a signature threshold within 18 months — his team didn’t make it. A Bold Proposal That Didn’t Get Off The Ground The initiative would have required the Swiss National Bank to hold Bitcoin alongside gold and foreign currencies. Supporters argued that adding Bitcoin to the SNB’s reserves would reduce dependence on the US dollar and the euro. Bennaim drew a parallel to Switzerland’s long-standing tradition of neutrality, framing Bitcoin as an independent alternative to the dominant global currencies. He also pushed back against claims that Bitcoin lacks liquidity, pointing to the billions of dollars moving through international crypto exchanges every day. LATEST: 🇨🇠Swiss crypto advocates are abandoning their bid to force the Swiss National Bank to hold Bitcoin, falling short of the 100,000 signatures needed for a constitutional referendum. pic.twitter.com/q95Eio5uCq — CoinMarketCap (@CoinMarketCap) May 8, 2026 But the SNB wasn’t persuaded. The bank has remained cautious, and European Central Bank policymakers have made their position clear — reserve assets must be liquid, secure, and stable. Bitcoin’s price record hasn’t helped its case. The cryptocurrency has dropped roughly 7% so far this year, following a record $126k ATH in October 2025. Europe Still Divided On Crypto In Central Bank Reserves Based on reports from Reuters, the failed Swiss campaign reflects a wider disagreement across Europe. Policymakers have not reached any consensus on whether digital assets belong in central bank reserve strategies. That debate has sharpened as crypto has become harder to ignore in global finance. Some institutions have been testing blockchain-based systems. Others remain focused on concerns about price swings, safety, and the ability to sell large holdings quickly without moving markets. Bennaim’s team framed the campaign as more than just a Bitcoin bid. They wanted Swiss officials to seriously assess the technologies reshaping the financial sector. A future initiative, they said, remains possible. AMINA is now the first regulated bank to support custody and trading for Canton Coin. For institutional, corporate, and professional investors, digital assets are increasingly about infrastructure, scale, and execution discipline, not experimentation. @CantonNetwork… pic.twitter.com/04b9Urx1Er — AMINA Bank (@AMINABankGlobal) May 6, 2026 Swiss Financial Firms Push Ahead With Blockchain The campaign’s collapse hasn’t slowed the broader Swiss financial industry. AMINA Bank recently became the first institution registered with Swiss financial regulator FINMA to offer custody and trading services for Canton Coin. Related Reading: XRP Market Now Controlled By Whales? Dominance Reaches 91% On Binance Through the move, institutional clients gain access to the Canton Network, a platform built for tokenization, collateral management, and settlement. Goldman Sachs, Visa, Citadel, and the Depository Trust & Clearing Corporation are among the organizations backing the network. Featured image from Unsplash, chart from TradingView
9 May 2026, 21:30
New Fed Era Approaches: What Bitcoin Investors Should Expect Under Warsh
Over the last week, Bitcoin has continued to move higher after modest gains pushed prices into the $80,000 zone for the first time since January. The leading cryptocurrency is now reporting an approximately 13% gain over the last month, following the bullish resurgence that began in early April. Interestingly, the incoming chairman of the US Federal Reserve (Fed), Kevin Warsh, is set to take office by May 15. Given Bitcoin’s and other risk assets’ sensitivity to macro events, speculation continues to roll in about the asset’s future under the US monetary policy director. Related Reading: Crypto Titans Rally: Top US Exchanges Lobby For Risk Asset Easing In CLARITY Act Warsh: The Hawkish Policy Maker In a report by crypto analysts, XWIN Research Japan, Fed Chair-elect Kevin Warsh presents an interesting policy combination for crypto users. The former Fed governor and member of George W Bush’s Economic Team is regarded as a Hawkish regulator focused on proactive inflation control. During his Senate hearing in late April, Warsh may have hinted that there would be no changes to this policy stance, after kicking against speculation that he has agreed to implement rate cuts following his appointment by President Donald Trump. The incoming Federal Reserve Chairman stressed the independence of the apex bank in monetary policy decisions, despite the President’s pressure for interest rate cuts, which had sparked a year-long public spat with outgoing Chairman Jerome Powell. Bitcoin prices retraced to around $75,000 following Warsh’s statements, which doused hopes of lower interest rates that would encourage liquidity flows to risk assets, e.g., cryptocurrencies. According to XWIN Research Japan, Bitcoin has shown significant reactions to general macro policies in recent years. The premier cryptocurrency recorded an historic rally during the quantitative easing period between 2020 and 2021, while the ensuing liquidity-tightening era in 2022 triggered major price corrections. Notably, while Warsh’s statements reflect no urgency to cut interest rates, there is still considerable uncertainty, especially as other aspects of the prospective Fed Chair’s profile remain highly appealing to crypto investors. Warsh: The Crypto Enthusiast And Bitcoin Fan During his Senatorial hearing, Warsh also commended the evolution of digital assets, which he described as “part of the fabric of our financial services.” Mandatory asset disclosures showed that the new Fed Chair maintains active engagement with the cryptocurrency industry, with multiple investments across various projects. In particular, XWIN Research Japan reports that Warsh describes Bitcoin as the “digital gold” for younger citizens, which could potentially serve as a regulatory benchmark for digital assets. However, he also expresses significant skepticism toward altcoins, some of which he described as “software pretending to be money.” Analysts at XWIN predict that Warsh’s preferred hawkish approach may lead to short-term price pressure in Bitcoin. However, his crypto enthusiasm, understanding of Bitcoin, and documented opposition to CBDC development spell well for long-term institutional confidence.
9 May 2026, 21:30
CME Group Targets June 1 Launch for Bitcoin Volatility Futures Pending CFTC Review
CME Group announced this week it plans to launch Bitcoin Volatility futures (BVI) on June 1, 2026, giving institutional traders their first CFTC-regulated contract to trade bitcoin’s expected price swings independently of price direction. CME’s BVI Futures Let Traders Go Long or Short Bitcoin Volatility Starting June 2026 The contracts will carry the ticker BVI
9 May 2026, 21:00
Solana: Amid rising ETF inflows and whale demand, will SOL break $97?
Whale buying and ETF inflows boosted Solana's bullish sentiment, while a breakout above $97 could trigger a 21% rally.
9 May 2026, 20:23
Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output
American Bitcoin (ABTC), the Trump family-backed BTC company, released its Q1 2026 financial results earlier in the week, and they showed a nearly $82 million net loss for the period. This was despite the firm mining a record 817 BTC. Mining Output Goes Up, But BTC Price Drop Hits Earnings Per documents it filed with the SEC, apart from the 817 BTC it mined, American Bitcoin also bought another 803 BTC, which took its strategic reserve to 7,021 BTC by March 31. However, at the time of writing, the stash had grown to about 7,300 BTC after the firm purchased an additional 300 units, which saw it climb the ranks of publicly traded companies holding Bitcoin to number 16. Mining revenues declined to $62.1 million from $78.3 million, due to lower prices per Bitcoin mined of $76,000 compared to the previous quarter’s about $100,000. Still, the company posted a gross margin over 50% and cut its cost to mine by 23% to $36,200 per Bitcoin, down from $46,900 or so in Q4 2025. Satoshis per share, the firm’s preferred measure of value creation, rose by about 20% quarter-over-quarter to about 663. “Strip out the non-cash mark-to-market adjustment on our Bitcoin required by FASB, and the underlying business was profitable, and we did not sell a single coin,” CEO Mike Ho said in the earnings release. President Matthew Prusak framed the cost improvement as the key operational story, saying: “We produced Bitcoin at 52% gross margin despite a 22% decline in Bitcoin price, reflecting meaningful cost improvements that partially offset the price headwind. Every share of American Bitcoin owns more Bitcoin today than it did three months ago.” ABTC shares fell 8.4% to around $1.15 following the earnings release, keeping the stock far below its 52-week high of $14.65. Expansion Strategy Mirrors Wider Bitcoin Treasury Trend The production gains were partly the result of a hardware acquisition completed in early March 2026, when American Bitcoin took delivery of 11,298 next-generation miners from Bitmain. As was reported at the time, that deal added about 3.05 EH/s of capacity at an efficiency of 13.5 joules per terahash, deployed at Hut 8’s Drumheller site in Alberta, Canada. The company’s total owned fleet now stands at approximately 89,242 miners with 28.1 EH/s of capacity, though its operational fleet delivering active output is 58,999 miners at around 25.0 EH/s, still roughly half the scale of the largest publicly listed Bitcoin miners. American Bitcoin is not alone in reporting large headline losses driven by Bitcoin’s poor run at the beginning of the year, as Strategy, the largest corporate owner of the flagship cryptocurrency, earlier in the week reported that it had incurred a net loss of $12.54 billion in Q1 2026. The post Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output appeared first on CryptoPotato .
