
Trump Called Bitcoin 'Powerful' and Urged Stablecoin Law
US President Donald Trump called Bitcoin a powerful asset at the FII Priority summit in Miami and urged Congress to create a stablecoin law.

US President Donald Trump called Bitcoin a powerful asset at the FII Priority summit in Miami and urged Congress to create a stablecoin law.

BlackRock withdrew $201.67M from its Bitcoin ETF on Friday. Weekly outflows from spot BTC funds hit $296M, ending a four-week inflow streak.

Bitcoin crashed to $66,500 after the largest crypto options expiry of 2026 worth $15.6B. Over $450M in positions liquidated, BTC ETFs saw $171M in outflows.

US lawmakers published the PARITY Act discussion draft. Stablecoin transactions under $200 are tax-exempt, but Bitcoin receives no de minimis relief.

Intercontinental Exchange invested an additional $600M in Polymarket. Total commitment approaches $2B as the platform's valuation climbs toward $20B.

David Sacks left the White House crypto czar role after 130 days. GENIUS Act passed, but CLARITY Act and Bitcoin Reserve still need work.

Fannie Mae partners with Coinbase and Better Home to launch the first mortgage program backed by Bitcoin and USDC collateral - with no margin calls.

Visa joined Canton Network as a Super Validator. Visa's stablecoin settlements reached $4.6B annually across 130+ programs in 50+ countries.

MARA Holdings sold 15,133 Bitcoin for $1.1B to repurchase convertible notes. Debt reduced from $3.3B to $2.3B, stock rose 10% on Nasdaq.