The White House is on the verge of a formal announcement on the U.S. Strategic Bitcoin Reserve — and the official leading the charge says the hard part is done.

Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, told an interviewer this week that the administration has cleared a major legal hurdle in standing up the reserve. 

“We’ll have an announcement,” Witt said. “I wish I could say more… It’s a breakthrough as far as getting everything in place, legally sound, properly safeguarding the assets.” 

The signal follows a similar declaration Witt made at the Bitcoin 2026 conference in Las Vegas, where he told the…

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Standard Chartered announced Monday that its non-binding offer to acquire Zodia Custody — the digital asset custodian it co-founded in 2020 through its innovation arm SC Ventures — has been accepted by Zodia’s shareholders and noteholders.

The deal, subject to regulatory approvals, will fold Zodia’s regulated custody operations into Standard Chartered’s existing Financing and Securities Services business. The transaction is less a traditional acquisition than a strategic reorganization: a parent bank reclaiming the client-facing business it incubated at arm’s length, now that the market has matured enough to justify direct ownership.

Zodia was established alongside…

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Capital B, the Paris-listed Bitcoin Treasury Company formerly known as The Blockchain Group, has completed the purchase of 192 bitcoin for €13.0 million, bringing its total holdings to 3,135 BTC — one of the largest bitcoin reserves held by a European public company.

The acquisition, announced May 18, 2026, was funded through three capital raises that together generated €17.15 million. The raises included a €0.85 million placement under an “at-the-market” (ATM) agreement with TOBAM, a €1.1 million warrant issuance subscribed by cypherpunk and Blockstream CEO Adam Back, and a €15.2 million private placement of shares with attached subscription warrants (ABSA) at…

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Bitcoin Depot (NASDAQ: BTM), once the largest Bitcoin ATM operator in North America, filed for voluntary Chapter 11 bankruptcy protection on Monday in the U.S. Bankruptcy Court for the Southern District of Texas. The Atlanta-based fintech company said it intends to wind down all operations and pursue a sale of its assets — marking one of the most visible collapses in the retail cryptocurrency sector to date.

The company’s stock cratered on the news, falling from $3 to around $0.75 on the news.

As part of the filing, Bitcoin Depot took its entire network of Bitcoin ATM kiosks offline. The company operated over 9,000 kiosk locations worldwide as of August 2025, with machines…

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Iran is reportedly launching a bitcoin-settled maritime insurance platform called Hormuz Safe, targeting cargo owners and shipping companies that transit the Strait of Hormuz and Persian Gulf — and projecting more than $10 billion in revenue for the Islamic Republic.

The platform, backed by Iran’s Ministry of Economy and Financial Affairs, was first reported by the IRGC-affiliated Fars News Agency, which cited internal government documents, according to Bloomberg reporting. 

The Hormuz Safe website describes the service as offering “fast, verifiable digital insurance — paid via bitcoin and settled at the speed of blockchain.” Coverage under the proposed scheme…

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Strategy announced Monday it has acquired an additional 24,869 bitcoin for approximately $2.01 billion, averaging roughly $80,985 per coin, pushing the firm’s total holdings to 843,738 BTC — cementing its standing as the world’s largest corporate bitcoin treasury by a wide margin.

The disclosure came via a Form 8-K filing with the U.S. Securities and Exchange Commission, continuing the company’s practice of Monday morning acquisition announcements. The purchase marks a significant acceleration from Strategy’s most recent disclosed buy — 535 BTC for $43 million during the week of May 5–11 — which had raised questions among investors about whether the firm was pulling…

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The Bitcoin Open, a combined golf and poker tournament organized by Bitcoin Sports Network and Satstreet, is scheduled for June 8, 2026, at Glen Abbey Golf Club in Oakville, Ontario. The event will take place at the club during its 50th anniversary year.

Glen Abbey Golf Club, designed by Jack Nicklaus and opened in 1976, is one of Canada’s most recognized golf venues. It has hosted the Canadian Open multiple times and is known for its championship-level layout and history in professional golf. The course is located approximately 30 minutes west of Toronto and serves as a public golf facility with a significant legacy in Canadian sports.

The Bitcoin Open consists of a…

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