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This means that even if the conflict ends, market borrowing costs still face the risk of remaining near multi-year highs, thereby continuing to put pressure on governments and economies.

Odaily reports that U.S. Republican lawmakers are accelerating efforts to pass a new version of the ARMA Act, aiming to have the bill signed into law while the Republican Party still controls both chambers of Congress. The act advocates for the establishment of a national-level Bitcoin reserve in the U.S. and plans to hold approximately 5% of Bitcoin’s global circulating supply in the long term. According to the report, Republicans are seeking to elevate the Bitcoin strategic reserve to a matter of national financial and geopolitical competition, arguing that the U.S. should seize a leading position in the global digital asset system. If the act ultimately passes, the U.S. government could become one of the world's largest holders of Bitcoin, further strengthening the narrative of BTC as "digital gold" and a sovereign reserve asset. (Bitcoin News)

BlockBeats News, May 24th, according to Onchain Lens monitoring, a whale went long 25x on 2700 ounces of gold, worth $12.6 million. The whale also holds a 20x leveraged short position on crude oil, currently with unrealized gains of over $324,000.