White House to Outline Plans for Strategic Bitcoin Reserve Soon, Trump Crypto Advisor Says
CoinGape·60-word summary·1 min read
The White House plans to announce a Strategic Bitcoin Reserve soon, according to Patrick Witt, Trump’s crypto advisor. The initiative aims to bolster national digital asset security, with the CLARITY Act still under discussion. This move signals increased government interest in Bitcoin and digital assets, potentially impacting markets and regulatory approaches.
BitMEX Research proposes a new "Canary" approach to prevent a full Bitcoin freeze, suggesting that coins should only be frozen after proof of quantum computer existence. Instead of preemptive freezing, a special address would trigger the freeze once quantum threats are confirmed, potentially avoiding unnecessary disruptions. The proposal aims to balance security with network stability.
Alcoa is close to selling its dormant Massena East smelter to Bitcoin miner NYDIG, reflecting a trend of US industrial sites transitioning to Bitcoin mining and AI data centers. The deal highlights the growing interest in repurposing industrial infrastructure for digital asset operations, though the exact sale amount has not been disclosed. The transaction signals increased integration of traditional industries with Web3 technologies.
Iran is exploring the use of Bitcoin for oil payments amid sanctions, aiming to bypass traditional financial channels. While still relying on stablecoins, Iran's move signals a strategic shift to incorporate digital assets into energy transactions. The effort reflects a hybrid approach balancing political messaging and operational constraints, marking a notable development in crypto use in sanctioned countries.
Large crypto investors continue to favor Bitcoin and Ethereum, with Bitcoin leading at 83% and Ethereum at 80%, as of April 2026. Despite oversold signals in some altcoins, investors remain cautious, focusing on large-cap tokens. XRP also remains popular at 70%, while Solana accounts for 49%, indicating a preference for established assets amid volatile market conditions.
Iran’s digital blockade has lasted 50 days, reducing internet connectivity to just 2% of normal levels. The regime imposed the restrictions shortly after U.S.-Israel strikes began, severely impacting citizens’ access. The blockade has caused an estimated $1.8 billion in economic losses, with Iranians relying on alternative methods to connect despite ongoing restrictions.
Bitcoin mining difficulty has recently decreased, offering temporary relief to miners. However, industry indicators suggest deeper stress, with signs of an imminent rebound amid ongoing economic challenges. The sector faces growing constraints, highlighting a pivotal phase for miners amid profitability tensions and algorithmic adjustments, reflecting broader industry struggles despite short-term technical improvements.