Pay Close Attention to Events on Wednesday: Claims Emerge That U.S. Voting Results May Determine Bitcoin's Fate!

cryptonews.ruPubblicato 2026-09-14Pubblicato ultima volta 2026-09-14

Introduzione

A bill proposing the creation of a U.S. federal government Bitcoin strategic reserve, H.R. 8957 or the "American Reserve Modernization Act of 2026," is reportedly scheduled for a committee vote on Wednesday. Introduced in May 2026, the bill aims to establish a dedicated "Bitcoin Strategic Reserve" within the Treasury Department to hold federally owned Bitcoin, with the Secretary given 180 days to set up secure storage if passed. A separate "Digital Reserve" would be created for other crypto assets. The Treasury would be authorized to sell, exchange, or convert these non-Bitcoin digital assets, with proceeds used exclusively to acquire more Bitcoin for the strategic reserve or to reduce the national debt. The legislation highlights Bitcoin's finite supply and decentralized nature, comparing it to gold as a digital-age asset that could diversify U.S. reserves, potentially strengthening the dollar's global position and national financial resilience. Management and oversight would fall to the Treasury, in coordination with the Defense and Homeland Security departments on security matters. The bill mandates transparency, auditability, and a public "reserve verification" system. If approved by the committee, the bill will advance to the full House for consideration.

According to reports, a bill proposing the creation of a strategic Bitcoin reserve within the U.S. federal government could be put to a vote in the House Financial Services Committee on Wednesday.

Bill number HR 8957, titled the 'American Reserve Modernization Act of 2026', was introduced in the House of Representatives on May 21, 2026, and referred to the Financial Services Committee. Among the bill's sponsors are Representative Nick Begich of Alaska, as well as numerous Republicans and some Democrats from various states.

The bill proposes creating a separate 'Strategic Bitcoin Reserve' within the U.S. Department of the Treasury to store Bitcoins held by the federal government. If passed, the Treasury Secretary would have 180 days to establish a secure infrastructure for holding Bitcoin.

Additionally, the creation of a separate 'Digital Asset Reserve' for crypto assets other than Bitcoin is planned. It is proposed that all Bitcoins acquired by the federal government that meet specified criteria be transferred to the Strategic Bitcoin Reserve, and other digital assets to this separate reserve structure.

According to the bill, the Treasury Department would gain the authority to sell, exchange, or convert digital assets, other than Bitcoin, into other assets. Proceeds from these transactions would only be permitted for increasing the amount of Bitcoin in the Strategic Bitcoin Reserve or for reducing the U.S. national debt.

The text highlights Bitcoin's limited supply, its decentralized nature, and recent global adoption, asserting that Bitcoin is a digital age asset that, like gold, could diversify the U.S. national reserves. Legislators suggest a Bitcoin reserve could strengthen the U.S. dollar's position in the global financial system and enhance the nation's financial resilience.

Management and oversight of the reserves would be the responsibility of the Treasury Department. Furthermore, coordination with the Department of Defense, the Department of Homeland Security, and industry experts on physical and cybersecurity matters is planned.

The bill also states that operations carried out must be transparent and auditable, and it envisions the creation of a 'reserve verification' system allowing for public verification of the reserve assets.

According to recent reports, Bill HR 8957 is expected to be put to a committee vote on Wednesday. If the bill passes the committee, it will be sent to the General Assembly of the House of Representatives.

*This is not investment advice.

end-content

Domande pertinenti

QWhat is the main proposal of the U.S. bill HR 8957 mentioned in the article?

AThe bill proposes the creation of a separate 'Bitcoin Strategic Reserve' within the U.S. Department of the Treasury to hold bitcoins currently in possession of the federal government.

QWhich congressional committee is expected to vote on the bill related to a Bitcoin Strategic Reserve?

AThe bill is expected to be voted on by the House Financial Services Committee.

QAccording to the bill's text, what are the stated purposes of creating a Bitcoin Strategic Reserve for the United States?

AThe stated purposes are to diversify national reserves, strengthen the U.S. dollar's position in the global financial system, and enhance the country's financial resilience.

QWhat happens to proceeds from sales of digital assets other than bitcoin, as outlined in the proposed legislation?

AProceeds from such sales can only be used to increase the amount of bitcoin in the Bitcoin Strategic Reserve or to reduce the U.S. national debt.

QWhat body is designated to manage and oversee the proposed Bitcoin Strategic Reserve according to the bill?

AThe U.S. Department of the Treasury would be responsible for managing and overseeing the reserves.

Letture associate

ICP Cloud Engine Heats Up: "20% of Revenue Used for Burn", How Far is it From Token Revaluation?

The ICP community is discussing Cloud Engines, a product enabling enterprises to run private subnets on the Internet Computer. It is linked to the "Mission 70" deflationary plan, where node providers allocate 20% of Cloud Engines revenue to buy and burn ICP tokens, aiming to reduce ICP's inflation rate from 9.72% to 2.92%. This narrative connects enterprise adoption to token scarcity and potential price appreciation for ICP, which is down 99.6% from its peak. Cloud Engines functions as a "custom data center," offering businesses dedicated, sovereign infrastructure without vendor lock-in, using the same underlying protocol as the public ICP network. Key selling points include data sovereignty and hardware choice. However, critical features like SEV-encrypted nodes (for enhanced security) and operator-controlled upgrades are still on the roadmap, not yet live. Early adopters include Pakistan's national cloud engine and a UNDP pilot. The "Mission 70" goal relies on two pillars: supply-side reductions (like cutting node rewards) and demand-side increases in token burns from Cloud Engines revenue. While supply-side changes can be enacted via governance, the demand-side depends entirely on market adoption. Current daily burn rates are far below the levels needed to achieve the 26% deflation target attributed to increased burns. Analysts remain cautious, viewing the 20% burn mechanism as a forward-looking narrative. The product is in early access, and significant, scalable enterprise adoption is unproven. Near-term price catalysts are more likely to come from implementable supply-side governance proposals. The Cloud Engines story represents a longer-term bet on ICP capturing a segment of the enterprise cloud market, with token revaluation contingent on the product generating substantial, quantifiable burn data.

marsbit12 min fa

ICP Cloud Engine Heats Up: "20% of Revenue Used for Burn", How Far is it From Token Revaluation?

marsbit12 min fa

Bank of America's Hartnett: Interest Rate Hikes Become the Biggest Positive, Bond-Ending Bubble Logic Is Spreading

In a recent note, Bank of America strategist Michael Hartnett argues that aggressive central bank tightening, including a potential Fed hike in October, could paradoxically be the most bullish near-term catalyst for risk assets. His core thesis is "the bond bubble is bursting." While stocks remain resilient due to strong US data, solid earnings expectations, and robust AI-related capital expenditure plans, bonds are already showing severe stress, with government bonds down 4.4% year-to-date. The logic is that a proactive Fed hike could help anchor runaway long-end yields (the 10-year recently touched 5.36%), preventing a disorderly surge toward 6%. Without such action, the pressure from rising term premiums could continue unabated. The damage from higher rates is already visible in the most rate-sensitive areas: South Korean retail brokers, French government bonds (with the France-Germany spread hitting 140 bps, reminiscent of the 2012 crisis), and CCC-rated credit. Hartnett highlights that the $8 trillion in money market funds is unlikely to flow into equities without a clear shift to monetary easing. Furthermore, the upcoming US midterm elections pose a key risk; a Democratic sweep (currently a 64% probability) could trigger a >10% equity sell-off due to fears of higher taxes and regulation. Near-term strategy involves positioning for a peak in yields (e.g., long 30-year Treasuries) and risk contraction ahead of the elections, while maintaining exposure to commodities and EM assets. Key levels to watch include 10-year yields at 6%, the France-Germany spread at 150 bps, and a Bull & Bear Indicator below 8 for a potential risk rebound.

marsbit16 min fa

Bank of America's Hartnett: Interest Rate Hikes Become the Biggest Positive, Bond-Ending Bubble Logic Is Spreading

marsbit16 min fa

Silicon Valley AI Status: Whoever Has the Compute is the Boss

The Silicon Valley AI Power Crunch: Compute is King Silicon Valley's race for AI dominance has devolved into a desperate scramble for computing power. The situation has become so extreme that even top executives are resorting to unusual measures. Anthropic's CEO Dario Amodei was reportedly turned down by Meta's Mark Zuckerberg when seeking additional GPU resources, leading to a deal where SpaceX acts as a broker, reselling Nvidia GPUs to Anthropic. This venture reportedly generated $2.561 billion in quarterly AI revenue for SpaceX. The shortage is reshaping the industry's dynamics, creating a new "compute economy" where GPU access is the ultimate currency. This scarcity is causing internal strife at major firms and altering competitive landscapes. A high-profile example is Noam Shazeer, a key AI scientist whom Google re-hired for $2.7 billion, only for him to leave for OpenAI reportedly due to insufficient compute resources for his team. Similar frustrations over resource allocation have been cited within Google and DeepMind. For AI startups, the challenge is existential. Cloud providers are now demanding multi-year contracts with large upfront payments, making flexible, on-demand access nearly impossible. This has spurred innovative workarounds, including a new market for "global compute prospecting"—companies scavenging for underutilized server capacity worldwide—and venture capital firms like Y Combinator and Radical Ventures directly acquiring and allocating GPU clusters for their portfolio companies. The root causes are complex: explosive growth in AI model complexity and the shift from simple chatbots to persistent "Agent" systems dramatically increase compute demands. While tech giants are building new data centers, supply cannot keep pace with immediate needs. Rental prices for critical chips like the Nvidia H100 have surged nearly 40% in months. The consequence is a consolidation of power. Compute access is becoming the definitive barrier to entry, significantly strengthening large companies with their own infrastructure and creating a lucrative "picks and shovels" market for those who control the hardware supply. In today's Silicon Valley, compute isn't just a resource—it's the foundation of survival and competitive advantage.

marsbit42 min fa

Silicon Valley AI Status: Whoever Has the Compute is the Boss

marsbit42 min fa

Even Losing Money Requires Waiting in Line, How Far Can PaperTrade's 1000x Leverage Experiment Go?

PaperTrade, a synthetic perpetual contract platform built on HyperEVM, launched on October 10th. Its defining feature is offering up to 1000x leverage and rewarding users with its native token, PAPER, for trading losses or liquidations—a mechanism dubbed "losing money to mine." This sparked initial frenzy, with users queuing to execute trades and generate losses for PAPER rewards. Within 24 hours, nominal trading volume exceeded $678 billion. The platform operates without traditional order books; users trade directly against a shared USDC liquidity pool. Profits are paid from this pool, but if insufficient funds exist, payments queue on a first-in, first-out basis. PAPER has zero initial supply, minted solely from qualifying user losses, and can be staked for a share of protocol revenue. However, controversies emerged quickly. Smaller orders faced longer execution queues compared to larger ones. More critically, PaperTrade's reliance on Hyperliquid's mid-price for asset pricing made it vulnerable to market manipulation. Reports indicated that actors potentially moved prices on Hyperliquid to profit from large, highly leveraged positions on PaperTrade. The team acknowledged this as a known risk, exacerbated by high initial position limits, and has since tightened limits to reduce the attack surface. After the initial surge, open interest and margin deposited have significantly declined. The platform's long-term viability hinges on whether the value and revenue share from PAPER can justify the initial "loss-mining" strategy for users, moving beyond speculative hype to sustainable returns.

marsbit1 h fa

Even Losing Money Requires Waiting in Line, How Far Can PaperTrade's 1000x Leverage Experiment Go?

marsbit1 h fa

Trading

Spot
活动图片