POLICY: Rep. Nick Begich said he intends to reintroduce legislation to establish a U.S. Strategic Bitcoin Reserve in the coming weeks, renaming the proposal the "American Reserves Modernization Act".

The U.S. Securities and Exchange Commission has requested public feedback on a NYSE Arca proposal that would require crypto exchange-traded funds seeking to list on the venue to meet an "85% eligible-asset" standard.

ChainCatcher reported, citing PRNewswire, that NYSE American-listed Hyperscale Data said its Bitcoin treasury has grown to 675.3529 BTC, valued at about $53.1 million. Wholly owned subsidiary Sentinum holds 608.4272 BTC, comprising around 439.9031 BTC bought in public markets and roughly 168.5241 BTC generated through its Bitcoin mining operations. Another subsidiary, ACG, has purchased about 66.9257 BTC on public markets. The company said it is targeting $100 million in Bitcoin value on its balance sheet.

Bitcoin is again confronting questions of ownership and immutability after developer Paul Sztorc floated a hard-fork concept involving early-mined coins widely associated with Satoshi Nakamoto. The idea lands as the community also weighs whether long-dormant BTC should ever be frozen to reduce potential future risks from quantum computing. Sztorc, co-founder and CEO of LayerTwo Labs, has outlined plans for a separate network called eCash. The chain would replicate Bitcoin's full transaction history, but rewrite a portion of the ledger connected to early mining output. Under the proposal, roughly 500,000 coins associated with the so-called Patoshi pattern would be reassigned. Researchers have long linked that mining pattern to Satoshi, though no formal proof of ownership exists. Sztorc said the reassigned coins would be used to support early investors in the new project ahead of its intended launch. He added that Bitcoin holders would also receive eCash on a one-for-one basis with their BTC balances at the snapshot taken at the fork point. The plan would not move any BTC on Bitcoin's main chain. It would create a new blockchain with an altered history. Bitcoin developer Jameson Lopp characterized it as a separate-chain event rather than a direct transfer of BTC. For Bitcoin holders, the mechanics are straightforward: BTC balances would remain on the original network, and matching eCash balances would appear on the new chain based on holdings at the snapshot. The open question is market appetite for a fork whose narrative centers on reassigned Satoshi-linked coins. Some holders may disregard the new asset; others may sell or trade it once exchanges list it. Past splits illustrate how markets can differentiate between legacy networks and breakaway chains. Bitcoin Cash emerged in 2017 from a scaling dispute. Ethereum split in 2016 after the DAO hack, with Ethereum Classic preserving the original transaction history. The broader context is a parallel debate over whether coins that have been inactive for long periods should be frozen as a defensive measure against quantum computing. Some estimates put about 5.6 million BTC in wallets that have not moved for more than a decade. Supporters argue that advances in quantum computing could eventually threaten older cryptographic signatures, leaving certain dormant coins exposed if early wallet protections can be compromised. Opponents counter that freezing any coins would undermine Bitcoin's core promise of unconditional ownership, a principle many institutions cite as a reason for holding the asset. Because Sztorc's proposal operates on a separate chain, it would not directly change Bitcoin's ledger. Even so, it could intensify debate around Satoshi-linked supply, the value of forked assets, and the boundaries of developer-driven change. Analysts in the dormant-coin debate have warned that any main-chain adjustment to balances could trigger rapid repricing, particularly if funds with strict ownership and censorship-resistance mandates begin to view protocol rules as more flexible. The eCash fork carries less direct protocol risk for Bitcoin because adoption is optional. Its eventual value would hinge on post-launch support from users, exchanges, miners, developers, and available liquidity.

Bitcoin’s latest whipsaw wiped out both sides of the market, with $205 million in short positions and $153 million in longs liquidated over the past 24 hours. BTC briefly slipped below $77,000 after holding above the key $76,000 level, and is now hovering around the mid-$76,000s. Market watchers say a move back above $80,000 would help reassert bullish momentum, but the near-term focus remains on whether BTC can keep $76,000 intact. The move capped a choppy stretch in recent weeks as Bitcoin repeatedly tried to clear $76,000 and flip it into support. Earlier attempts failed, with rallies stalling near $74,000 before sliding back toward the $60,000 range. After finally pushing through $76,000, BTC climbed as high as $78,000, reviving hopes of an $80,000 breakout. That optimism faded as price retreated back into the $76,000 area. Liquidations accelerated as BTC surged from $77,200 to $79,400, forcing $205 million in shorts to close, then quickly reversed below $77,500, triggering another $153 million in long liquidations. Total crypto market liquidations reached $358 million in 24 hours, according to a widely shared market post dated April 27, 2026. One analyst highlighted two liquidity zones that could shape the next swing. On the upside, $79,500–$81,500 is said to hold meaningful liquidity that could be targeted if momentum returns. On the downside, $74,500–$77,500 contains heavier liquidation clusters, which the analyst described as the higher-probability area to be tested from a liquidity standpoint. The pullback also weighed on Ether, which fell below $2,300. Traders have flagged that level as important if ETH is to regain $2,500 and potentially set the stage for a broader altcoin rally. Another market commentator argued that the price action resembles a familiar playbook: pushing below the prior all-time-high area to trigger panic selling, sweep stop losses, and flush out weaker hands. The post suggested that the last time a similar setup appeared, the next bull run followed shortly after.

Core Scientific (CORZ) plans to shift part of its Bitcoin mining footprint in Pecos, Texas, toward AI-focused data center operations. Cointelegraph reported the company is developing a campus designed for up to 1.5 gigawatts (GW) of total capacity, with roughly 1 GW expected to be offered for lease. A key element of the plan is the conversion of about 300 megawatts (MW) currently used for Bitcoin mining into data center capacity for AI and high-performance computing workloads. Core Scientific has also acquired more than 200 acres of additional land to support the buildout. The pivot comes as Bitcoin mining economics face pressure from power costs and tighter regulatory attention, while demand for AI infrastructure continues to rise alongside advances in machine learning and cloud computing. By reusing existing power and cooling infrastructure, the company aims to shorten deployment timelines and limit upfront capital needs compared with building a greenfield data center. Industry observers increasingly view mining-to-AI conversions as a logical next step, given that miners often control attractive assets such as large power contracts, substations, and purpose-built facilities. JPMorgan analysts have noted that this dynamic could contribute to a new class of hybrid facilities capable of supporting both blockchain and AI workloads. Texas's deregulated power market and access to competitive electricity pricing, including renewable options, are central to the Pecos site's appeal for energy-intensive AI training. Grid reliability during extreme weather remains a key operational risk in the state, typically addressed through redundancy, backup generation, and energy-management strategies. From a technical standpoint, the transition requires a hardware and facility redesign: ASIC machines used for Bitcoin mining are not suited for AI tasks, which rely on GPU clusters and high-throughput networking. Cooling upgrades are also expected to manage higher heat densities. Core Scientific's experience running large-scale sites—the company manages more than 700 MW of Bitcoin mining capacity across multiple locations—may help execute the conversion and scale operations. Core Scientific has not provided a detailed completion schedule. Industry estimates suggest an initial phase could come online within 18–24 months, with the 300 MW conversion likely preceding the larger, leaseable expansion that may require additional construction. Securing tenants for the roughly 1 GW of lease capacity will be critical; potential customers include major cloud platforms and AI startups, either through colocation or fully managed offerings. If successful, the project could intensify competition in the AI data center market, including against established hubs such as Northern Virginia and Silicon Valley, while reinforcing a broader trend of cryptocurrency infrastructure being redeployed for AI computing. Disclaimer: This information is not trading advice. Bitcoinworld.co.in accepts no liability for investment decisions made based on this content. Conduct independent research and/or consult a qualified professional before making any investment decisions.

A South Korean court has granted Coinone temporary relief, suspending the Financial Intelligence Unit's (FIU) partial business ban until May 29. The Seoul Administrative Court issued the order on April 25, 2025, pausing the FIU's enforcement measures that included a 5.2 billion won fine and a three-month partial suspension. The court stressed the move is provisional and does not decide the merits of the dispute, but allows time for full judicial review. The FIU, which operates under the Financial Services Commission (FSC), announced the sanction on April 13, 2025. Regulators said Coinone violated the Act on Reporting and Using Specified Financial Transaction Information, citing alleged failures to report suspicious transactions and shortcomings in customer due diligence. The partial suspension was set to begin April 29 and would have barred new customers from transferring virtual assets, a restriction that could have sharply curtailed user growth. The 5.2 billion won penalty (about $3.9 million) ranks among the largest levied against a South Korean crypto exchange. While existing users would have remained unaffected, the curbs on new customer onboarding were expected to weigh on growth and competitiveness. In granting the stay, the court pointed to potential irreparable harm to Coinone, possible procedural defects in the FIU's process, and broader public-interest considerations, including the risk of market disruption and damage to consumer confidence. Coinone may continue normal operations, including onboarding new users, while the case proceeds. The decision is being closely watched across the domestic crypto sector as the FIU steps up enforcement actions. Market participants see the outcome as potentially shaping how future regulatory penalties are challenged in court and how aggressively the FIU pursues sanctions. Key dates: - April 13, 2025: FIU fines Coinone 5.2 billion won and orders a three-month partial business suspension. - April 25, 2025: Seoul Administrative Court grants a temporary suspension of the FIU measures. - April 29, 2025: Planned start date for the suspension, now blocked by court order. - May 29, 2025: Current expiry of the temporary suspension, pending any extension or further ruling. Legal observers described the order as a meaningful procedural check on regulatory power, while noting it is not a determination on wrongdoing. For users, trading continues as normal and new accounts can be opened during the suspension period. The core legal dispute remains unresolved, and Coinone could still face restrictions later if the FIU penalty is ultimately upheld. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Block Inc., the Jack Dorsey-led company behind Square and Cash App, said it held 28,355 bitcoin as of the end of the first quarter, worth about $2.2 billion, according to a Proof of Reserves report released Monday. The filing breaks the total into 19,357 bitcoin held on behalf of customers, valued at roughly $1.5 billion, and 8,997 bitcoin held in Block's corporate treasury, valued at about $692.3 million. The company said third-party audit firms verified the figures. In its announcement, Block said users should be able to verify their bitcoin holdings rather than rely on trust, adding that anyone can independently confirm the company's reserves using on-chain signatures and that the reserves are "actively controlled, not just historically observed." With just under 9,000 bitcoin on its balance sheet, Block ranks 14th among corporate bitcoin holders, sitting just behind Trump Media, according to BitcoinTreasuries.net. Proof of Reserves gained momentum after FTX's collapse in November 2022, as crypto exchanges and financial firms increasingly adopted the practice to bolster transparency. Some bitcoin advocates remain skeptical. In May 2025, Michael Saylor, executive chairman of the largest corporate bitcoin holder, criticized current proof-of-reserves practices, arguing that publishing addresses can expose transaction history and create security risks for issuers, custodians, exchanges, and investors. He also said the approach provides asset proof, not proof of liabilities. Block is scheduled to report first-quarter earnings on May 7. The company posted net income of $115.7 million in the fourth quarter of 2025, down from $1.9 billion a year earlier.

Fourteen DeFi protocols have now pledged more than $161 million in ETH to DeFi United's effort to restore rsETH backing following the April 18 exploit. Compound is the latest to join, proposing a contribution of 1,900 to 3,000 ETH—worth up to $6.9 million—subject to a community governance vote. Compound said on April 28 that its proposal seeks preliminary approval from the community, with the exact amount within the 1,900–3,000 ETH range to be set later by the Compound Governance Working Group in coordination with Gauntlet, security service providers, and the Compound Foundation. DeFi United's technical plan targets the recovery of about 16,776 ETH from exploiter-related positions on Compound, alongside a separate 13,000 ETH recovery effort on Aave. The proposal outlines conditions for releasing funds, including full restoration of rsETH collateral, equal treatment of all affected parties, and a clear execution plan with transparent updates to governance. Roughly 1,857 ETH of Compound's potential commitment would be contingent on successfully recovering the attacker's active position. The DAO would retain the option to reduce or withdraw support if the conditions are not met. Compound's move adds to one of the largest coordinated recovery efforts in DeFi history. Consensys and Ethereum co-founder Joe Lubin have committed 30,000 ETH, which Lubin described as "a broad, coordinated response to protect users." Aave has pledged 25,000 ETH, with founder Stani Kulechov adding a personal commitment of 5,000 ETH. Mantle provided a 30,000 ETH credit facility, while Lido committed up to 2,500 stETH. The Avalanche Foundation, another backer, said the episode amounts to a public stress test for DeFi—one it argued is unfolding "with transparent books and real accountability." Governance votes remain pending across several participating protocols.