US Congressman Mike Rulli highlighted Bitcoin’s fixed supply. In a recent statement, he noted that there will only ever be 21 million Bitcoin, emphasizing its permanent cap unlike fiat currencies that governments can print in unlimited quantities.
The Ohio Republican’s comments underscore Bitcoin’s scarcity. This aligns with ongoing discussions on cryptocurrency’s role as a deflationary asset with a hardcoded protocol limit, contrasting it with traditional monetary systems.
Billionaire investor Mark Cuban revealed on Thursday that he’s sold most of his Bitcoin (CRYPTO: BTC) as it didn’t turn out to be the “hedge” he expected it to be.
How Bitcoin Disappointed Cuban
Appearing on the Portfolio Players podcast, Cuban said that Bitcoin has “lost the plot” and been “disappointing.”
The “Shark Tank” celebrity said he always thought of Bitcoin as a “better version” of gold and the “best alternative” to fiat currency losing its value.
“Well, gold just blew up and went to $5,000, and Bitcoin dropped. Every time the dollar dropped, Bitcoin should’ve gone up,” Cuban said.
He said Bitcoin didn’t perform as the hedge he had expected, and…
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Leading cryptocurrencies moved sideways, while stocks rose further on Thursday, as traders pinned their hopes on an Iran ceasefire.
Crypto Recovery Stalls
Bitcoin failed to hold gains above $78,000, while Ethereum stalled near $2,150 as major cryptocurrencies remained flat.
Roughly $100 million was liquidated in the past 24 hours, evenly split between long positions and short positions, according to Coinglass data.
Bitcoin’s open interest fell 2.25% over the last 24 hours. Interestingly, the majority of retail and whale traders on Binance were positioned long on the apex cryptocurrency.
“Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24…
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Billionaire investor Mark Cuban has parted with most of his Bitcoin holdings, saying the asset failed to deliver on its core promise as a hedge against fiat currency weakness and geopolitical turmoil.
Cuban made the remarks during an interview with Front Office Sports, where he said Bitcoin “has lost the plot.” The Shark Tank personality and former Dallas Mavericks owner had long positioned Bitcoin as a superior alternative to gold, citing its fixed supply and decentralized structure. That conviction has eroded.
“I always thought it was a better version of gold than gold,” Cuban said. “But gold just blew up and went to $5,000. Bitcoin dropped.”
The billionaire pointed to…
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Saylor Averaging Down At $75,577 Per Bitcoin
Saylor’s average cost sits at $75,577 per Bitcoin.
With the recent downturn, he’s been able to average down—the biggest single holder of Bitcoin is lowering his cost basis while accumulating toward 800,000 coins.
“These are buyers of last resort. They will always buy Bitcoin. They’re price insensitive. They will always buy even if it’s $500,000 a coin or $700,000 a coin,” Mow stated on The Bitcoin Historian podcast.
“But people right now are willing to sell them Bitcoin for $60,000, $70,000,” he added.
Strategy isn’t alone. Blockstream CEO Adam Back’s BSTR is set to deploy $1.5 billion in capital over the next month using…
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Rep. Nick Begich, R-Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, unveiling the American Reserve Modernization Act (ARMA) — a bill designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation in statute.
The measure, which has garnered bipartisan support and more than a dozen co-sponsors in Congress, would task the Treasury Department with overseeing the reserve while creating a separate digital asset stockpile for federally held cryptocurrencies other than bitcoin. Begich drew a direct comparison between bitcoin and gold, arguing the market has already determined both…
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AUSTIN, Texas – May 20th, 2026 – In celebration of Bitcoin Pizza Day on May 22, Unchained, a Bitcoin financial services company founded in 2016 by Joe Kelly and Dhruv Bansal, and Bitcoin Park are hosting special screenings of “The New Rules of Bitcoin,” a short film produced in partnership with The Atlantic’s brand studio Atlantic Re:Think, in ten major US cities. The film highlights three core ideas: Bitcoin is not what you think, Bitcoin is long term thinking, and Bitcoin is true ownership. These ideas lay the groundwork for Bitcoin’s distinction from other cryptocurrencies, with its unique blend of long-term wealth preservation and direct, collaborative custody.
On May…
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Blockchain.com Group Holdings Inc., one of the oldest companies in the crypto industry, has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering, the Dallas-based firm announced Thursday.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The IPO remains subject to market conditions and the completion of the SEC’s review process. They expect to go public before the end of 2026.
Founded in 2011 by three members of the original Bitcoin online forum BitcoinTalk.org, Blockchain.com is among the earliest institutions built around…
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Hyperliquid (CRYPTO: HYPE) surged 15% in the last 24 hours while Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) traded flat.
Hyperliquid ETFs Pull 2.5X More Buying Pressure Than Buybacks
The first two Hyperliquid spot ETFs attracted market cap-adjusted inflows exceeding Bitcoin on three of the first six trading days and outpaced Ethereum on five out of six days, according to analyst Aletheia.
On the sixth trading day, Hyperliquid ETFs saw significantly higher inflows than any crypto peer.
The ETFs bought 2.5 times the amount of HYPE that the Assistance Fund bought and burned during the same period, adding fuel to already …
Full story available on Benzinga.com
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Recently Strategy made headlines by saying that it might sell some bitcoin to meet business objectives. This came as a surprise to many people because of what was previously regarded as a hard-lined stance to never sell. Saylor even (jokingly) tweeted stuff like “Sell a kidney if you must, but keep the bitcoin.”
The reality is that bitcoin sales were always on the table for any bitcoin treasury company. The quip of “never sell” is an articulation of a long-term investment philosophy founded upon the extreme low time preference that is common in bitcoin discourse. But even within this discourse, there are frequently cases where almost everyone agrees it makes sense to sell,…
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