Crypto Market Update: White House teases Bitcoin stockpile update

White House issues update on US$25 billion Bitcoin reserves

Crypto market is on edge after signal of update on US Strategic Bitcoin Reserve.

speaking in bitcoin 2026 conference In Las Vegas, White House digital assets adviser Patrick Witt said the Trump administration has cleared a major legal hurdle regarding the national reserve. The government is reportedly preparing to share a historic announcement even before any formal legislation is passed through Congress.

Currently, the US federal government is sitting on a massive reserve of approximately 328,372 BTC, valued at approximately US$25 billion and representing 1.6 percent of the global circulating supply. The majority of this digital asset was accumulated over the past few years through high-profile law enforcement seizures and asset freezes.

Last March, an executive order officially stopped the Treasury Department from liquidating these holdings, centralizing them into a single reserve. However, Witt emphasized that permanent congressional legislation is still needed to permanently codify proper taxpayer protections and reserves.

Robinhood is seeing deep losses in transaction revenue

Robinhood Markets (NASDAQ:HOOD) Missed Both Earnings and Revenue Expectations first quarterDue to which its share price fell by more than 10 percent in two days.

The company missed consensus estimates of US$0.39 to US$0.43 per share, while revenue came in at US$1.07 billion, falling short of the expected US$1.13 billion to US$1.24 billion.

Cryptocurrency transaction revenue, which fell 47 percent year-on-year to US$134 million, was a notable decline. Broad transaction revenues benefited slightly from an increase in prediction market events

Following the announcement after markets closed on Tuesday (April 28), Robinhood shares were trading about 14 percent lower the next morning.

MasterCard adds AI agents, crypto wallet

Mastercard (NYSE:MA) is aggressively expanding its footprint beyond traditional card swipes by introducing new payment rails designed specifically for autonomous AI and digital assets. Financial giants are presenting “Agent Pay” and “Verifiable Intent” Features to securely authorize and monitor transactions initiated by AI agents.

By integrating with open platforms like Lobster.cash and OpenClaw, it aims to embed its robust fraud control and dispute framework into experimental AI commerce before moving these transactions to off-network alternatives.

Meanwhile, in Australia, Mastercard has formed a new partnership With crypto exchange KuCoin to enable seamless, direct crypto spending for everyday purchases.

This collaboration will allow users to instantly convert their USDC balances into spendable fiat at any participating merchant, effectively linking digital asset wallets to real-world checkout counters.

CFTC sues Wisconsin to protect crypto prediction markets

Commodity Futures Trading Commission (CFTC) launched a federal lawsuit Against Wisconsin.

This legal action comes just days after the Wisconsin Attorney General filed a lawsuit against major platforms like Polymarket, Kalashi, and Coinbase Global (NASDAQ:COIN) accusing them of running unregistered sports betting operations.

Wisconsin is the fifth state to be targeted by the federal regulator in recent weeks, following similar CFTC lawsuits against Illinois, Arizona, Connecticut and New York.

The core of the conflict centers on how bets on elections, sports and pop culture events are classified. A bipartisan coalition of state regulators argue that these platforms are essentially operating illegal, unregulated gambling rings that violate local laws. In contrast, the CFTC, led by Trump appointee Mike Selig, says these bets are strictly “event contracts” that fall specifically under federal oversight.

Selig has issued a blunt warning to state officials, declaring that the federal government will ruthlessly prosecute anyone who attempts to interfere with its mandate to regulate the financial markets.

Polymarket is staging a comeback in the US

Polymarket is reportedly in active talks with the CFTC to lift its main, offshore platform’s 2022 ban on US traders. according to Source for BloombergThe company is requesting to merge the platform with the regulatory license and Polymarket US framework it acquired through a deal with QCEX last year. Currently, US users are limited to the domestic version with much less access to liquidity compared to international platforms.

Paystand launches stablecoin for B2B economy

Paystand, a B2B financial services firm known for its payment automation software, Launch of USDb announcedA Bitcoin-aligned stablecoin purpose-built for commercial-scale enterprise finance and the B2B economy.

Unlike major stablecoins, which primarily serve retail crypto traders, USDB is engineered as a commercial-grade settlement layer that integrates directly into workflows such as accounts receivable, accounts payable, payroll, and treasury management. Backed 1:1 by US dollar reserves, it operates on the Rootstock sidechain, a Bitcoin-secured network.

Paystand intends to leverage its existing B2B payments network, which processes over US$20 billion annually, to support the initial deployment of the coin, with cross-border payroll services through Bitwage serving as its first commercial use case.