Author: admin

• The White House is committed to anchoring the US Strategic Bitcoin Reserve in law.
• Patrick Witt sees bipartisan support in Congress.

According to the White House, the legal anchoring of a US strategic Bitcoin reserve remains on the table. Patrick Witt, executive director of the President’s Council of Advisers for Digital Assets, said March 9 at Economic Club of New Yorkthere is still cross-party support for such projects, even if the timetable is uncertain.

Witt thus brought an important question into focus: whether the Bitcoin reserve created under President Donald Trump can also be permanently secured by Congress. When asked what is politically important under the current crypto laws, Witt specifically mentioned “further legislation to codify the strategic Bitcoin reserve.”

US Bitcoin reserve could be enshrined in law

Witt explained that the Trump administration still intends to establish a legal basis for the strategic Bitcoin reserve, even though the project has become very quiet in recent months. As Witt emphasized, the focus was initially on the Genius Act (stablecoins), and currently on the Clarity Act (market structure).

However, the White House advisor also said that there is no guarantee that the Bitcoin reserve will be legally anchored in this legislative period:

“There is some bipartisan support for this.”

At the same time, he said it was unclear whether Congress would take up the issue during the current term of office or only later. Witt explained literally:

“Whether we can do that in this Congress is an open question. There is some bipartisan support for this. Many of these bills can be flagged and prepared in advance of the next Congress and then dealt with later either individually or as part of a mandatory legislative package.”

However, it is still unclear when a specific bill on the BTC reserve will actually be put to the vote. However, Witt’s statements point to a longer political process.

It is also questionable what will become of US President Donald Trump’s promise from the Executive Order (EO) to investigate how Bitcoin can be purchased in a “budget-neutral” manner. There has been silence on this since the EO of March 6, 2025.

Likewise, the Trump administration has yet to disclose to the public how much BTC the reserve actually contains. The relevant deadlines for this expired last year and there have been no public statements so far.

• As a company, 21X is functionally equivalent to a crypto exchange – i.e. an infrastructure operator without its own trading function – but is legally classified as a trader that uses distributed ledger technology.
• The hybrid therefore required a new EU category. The Brussels languagesebelwerfer did a great job and the result was: “DLT trading and settlement system”, a term that doesn’t give the slightest hint of what it means.

Die Swiss crypto bank AMINA is now the first bank to be active on the DLT trading and settlement system 21X. It is a special first in the modernization of the EU capital market. For the first time, there is a complete infrastructure of custody, tokenization and regulated primary and secondary markets under the umbrella of a single company.

21X operates under the so-called EU pilot regime and combines exchange functionality, trading and settlement in a single process based entirely on smart contracts.

AMINA Bank in the new market model

AMINA takes over the function of listing assets on X21, thereby enabling issuers to access a regulated onchain market. The crypto bank also takes care of the custody of the underlying assets and supports issuers during onboarding.

This eliminates a key bottleneck of recent years: Institutional issuers have long needed a bank that can both store traditional assets and support their digital representation in a regulated environment. With the AMINA bank, both are now directly available.

Crypto technology and regulation

Tokenization is carried out via Tokeny based on the ERC 3643 standard. The standard enables automated compliance mechanisms, rights management and a clear separation between assets and regulatory requirements.

Based on this, 21X is the regulated trading and settlement venue that is approved by BaFin and monitored by ESMA. The EU pilot regime allows traditional market infrastructure to be replaced or supplemented by distributed ledger technology.

Market participants see the cooperating trio of AMINA, Tokeny and 21X as practical proof that regulated onchain capital markets can be implemented from a technical and regulatory perspective.

Consequences for issuers and institutions

Institutional investors have been calling for regulated secondary markets for tokenized bonds, fund shares and other financial instruments for years. Previous projects failed due to a lack of market infrastructure or a lack of connection between custody, issuance and secondary market.

By including an appropriately regulated bank, the barrier to entry for issuers drops significantly. The unified structure allows assets to be stored in a regulated manner, represented digitally and then traded on a regulated market.

This creates the conditions for higher liquidity and broader institutional crypto demand.

EU position and international perspective

With this model, the EU is positioning itself as a pioneer in the implementation of digital market infrastructures.

While other regions are still proceeding in a fragmented manner, the interaction between AMINA and 21X shows that a regulated onchain capital market is already operationally usable in the EU.

The coming years will show whether the pilot regime will work in the long term and whether the new complete infrastructure, with its hybrid character, will attract enough sales to establish itself as the new standard in the long term.

• A study by the Institut Teknologi Bandung suggests IOTA as a building block for electronic patient records in Indonesia.
• The proposed framework “DecMed” is intended to strengthen patient-centered access control, but is so far only an academic research contribution.

A new specialist study from the Institut Teknologi Bandung (ITB) in Bandung, Indonesia brings IOTA into play as an infrastructure for electronic patient records. the work, published am 24. February 2026 in der Fachzeitschrift Sensors, stammt von Hari Purnama, Putu Bakta Hari Sudewa, Tazkia Nizami, Bagas Sambega Rosyada, Pradipta Rafa Mahesa und Nur Ahmadi und trägt den Titel „Access Control Development Within the Framework of an IOTA-Based Electronic Medical Record Management System.”

IOTA as the basis for the Indonesian medical record

The study proposes “DecMed”, a decentralized framework for the management of electronic medical records in Indonesia. According to the authors, the need for this arises from the general conditions in Indonesia: Electronic medical records are mandatory in Indonesia, while centralized systems and third-party providers continue to generate significant risks in terms of access control, data protection and data integrity, according to the study. The problem formulation is:

“Electronic health records are mandatory in Indonesia under Ministry of Health guidelines, which poses significant challenges in data security and patient-centered access control. Current implementations rely on centralized healthcare systems or third-party providers, creating risks of unauthorized access, data leaks and uncertain data integrity.”

It is precisely in response to this that the study proposes DecMed, “a decentralized EMR management framework based on IOTA Distributed Ledger Technology”.

Technically, the model is not designed as a mere on-chain storage of medical records. According to the study, DecMed combines Capability-Based Access Control, Proxy Re-Encryption and IPFS while implementing smart contracts in Move on the IOTA ledger.

The goal is to shift more data sovereignty to the patients themselves. The authors also formulate this very clearly:

“Patients actively grant or revoke access, set the duration of access, and selectively share data with medical staff.”

The study is particularly relevant for IOTA because it suggests a practical use case in a sensitive sector. In their evaluation, the authors point out that unit tests with different unauthorized access scenarios showed that DecMed could effectively enforce fine-grained access rules while maintaining data confidentiality and integrity.

However, this is not yet an introduction to the Indonesian healthcare system, but rather a research contribution. This is exactly where the real significance lies. It shows that IOTA is receiving attention in academic research worldwide.

• Coinbase is offering private investors in the EU trading in futures contracts for the first time. Access is via Coinbase Advanced and is open to customers in EU member countries, except Sweden.
• This is a big step for the German market, as derivatives on digital assets have so far mostly been traded via non-EU providers who do not have to be MiCAR-compliant.

Coinbase uses its EU securities license for its offering, which consists of two different derivatives: The first category is fixed-term futures, which have a term of five years and are settled daily.

An hourly funding mechanism ensures that the price of the contract is closely aligned with the market.

With this model, experienced traders can build long-term positions without having to pay attention to the typical expiry dates of classic contracts.

The second category includes contracts with fixed monthly or quarterly maturities. These are valued daily based on official settlement prices and settled in cash when due.

With the two variants, Coinbase covers a wide spectrum, ranging from Bitcoin and Ethereum to Solana and selected stock indices.

The company is thus expanding its profile beyond pure crypto assets and creating an offering that takes both digital assets and traditional assets into account.

Access, Fees and Leverage

Depending on the contract, four to ten times leverage is possible. Fees start at 0.02 percent per contract, although additional exchange and clearing costs may apply.

Access is tied to an “aptitude test” that tests trading experience and risk awareness. Interested investors must go through a full KYC process and fund their account with euros or the stablecoin USDC before trading futures. Coinbase specifically notes that these derivatives involve significant risks and are not suitable for all investors.

Expansion of the EU offer

For the EU market, the introduction of regulated futures means a noticeable expansion of the available trading instruments.

Coinbase emphasizes that the EU’s MiCA rules make it easier to market and that they want to follow up with further product lines.

This gives traders access to derivatives that were previously only available through providers outside the European Union.

• Bitcoin has reached the 20 million coin mark, with only around 1 million BTC remaining.
• The supply bottleneck comes much earlier than 2140: 99 percent of all Bitcoin could be mined by 2035.

The Bitcoin network has reached the mark of 20 million BTC mined. This means that 95.24 percent of the maximum total amount of 21 million Bitcoin has already been spent; There are only around 1 million BTC left. According to Mempool, the block cameData aus dem US-Mining-Pool Foundry USA.

“Most people see that there is 1 million BTC left and think Bitcoin will continue to be mined at a significant rate for another century. Here’s what the math actually looks like: 99 percent of all Bitcoin will be mined by 2035.”

With this Classification The X-Account Milk Road made a point that is often lost in the debate: the remaining quantity sounds large, but the actual output rhythm is no longer that.

The Bitcoin supply shortage is getting closer

The reason is the halving, which is firmly anchored in the protocol. The block subsidy is halved every 210,000 blocks, roughly every four years. Since the halving on April 20, 2024, it has been 3.125 BTC per block; With around 144 blocks per day, this only corresponds to around 450 new Bitcoins per day. This is already a completely different order of magnitude than in previous cycles.

According to current estimates, the next cut is expected on April 17, 2028 at block height 1,050,000. Then the block subsidy drops to 1.5625 BTC, which means that the daily new issue will mathematically fall to around 225 BTC. Another halving will follow in 2032. Based on this issuance plan, the 99 percent mark of the total will be reached just under three years after the halving in 2032 – i.e. around 2035. Milk Road explained via X:

“The figure of 114 years until full issuance is technically correct. But it is misleading. Bitcoin’s effective supply plateau will be reached in the next decade.”

This is exactly where the real meaning of the 20 million milestone lies: 2140 is not the economically relevant turning point, but the fact that the additional supply will be pushed further and further towards zero in the coming years.

The popular statement that the “last Bitcoin” will be mined in 2140 is useful as a shorthand, but technically inaccurate. Fidelity points out that the issuance is asymptotic: after 32 halvings, the subsidy from the smallest Bitcoin unit, the satoshi, practically drops to a trivial remainder; the 33rd halving pushes it below 1 sat, so 21 million Bitcoin will never be reached exactly.

• IOTA wants to expand its TWIN trading infrastructure to around seven countries by the end of the year.
• The focus is on the digitalization of supply chains, trade financing and payments.

IOTA wants to expand its TWIN trading infrastructure to a total of around seven countries this year. Co-founder Dom Schiener said this in a subsequently published statement Videointerview after the World Crypto Forum in South Korea. The focus is on the digitization of cross-border supply chains, trade financing and payments.

Will IOTA become the SWIFT of global trade?

Schiener sees TWIN as the answer to a structural problem in world trade: central processes between companies, ports, customs authorities and financial institutions still run on paper:

“We have been in the market for ten years and have worked in many different industries and use cases. We have found the greatest use of blockchain in cross-border trade because there are clear issues of mutual trust between countries and no standard for digital data solutions. That is why trade and supply chain infrastructure to this day is based on paper documents.”

And Schiener has a great vision. TWIN should not only digitize individual processes, but also establish itself as a global base layer for trade.

“Our focus with TWIN is to become the SWIFT of global trade. We make it possible for countries, companies and financial institutions to actually export in a global context. That is exactly what we see our role as.”

The origin of this strategy lies in a project in Kenya. The IOTA Foundation began digitizing trading infrastructure there around five years ago. The success of this project gave rise to the insight that global trade was the biggest problem area that IOTA could solve with its technology:

“The success of this project made us realize that global trade is the biggest problem we can solve. At the same time, we realized we can’t do it alone. That’s why we brought together diverse partners, including the Tony Blair Institute, the World Economic Forum, Trademark Africa and other major NGOs and trade thought leaders.”

This collaboration resulted in the TWIN Foundation in Geneva, which is currently hosted under the umbrella of the World Economic Forum. According to Schiener, your task is to bring additional governments and institutional partners on board and gradually bring countries onchain.

These countries are in focus

Schiener put the funding gap in the trade finance market at $2.5 trillion. In Africa and the United Kingdom, IOTA is already working to tokenize physical assets such as critical minerals, raw materials and trade receivables and thereby make them financeable. The aim is to provide smaller and medium-sized companies as well as larger companies with better access to financing.

Schiener cited the export process in Kenya as a practical example. Traders would no longer have to print out documents and physically hand them over to authorities, but could automatically submit export declarations and trade documents digitally to customs and ports.

“Instead of customs and ports receiving data in physical form as paper documents, they receive this data in digital form, tokenized on IOTA. So a trader no longer has to print out a paper document and hand it over to customs, but instead submits the export declaration or other trade documents automatically using our technology. This allows customs and ports to release the data immediately, and we can even use AI to fully automate this entire process.”

Schiener is targeting further expansion for 2026. In addition to Kenya and the United Kingdom, five other countries are to be connected via pilot projects:

“We will go country by country and bring the whole world onchain. We will not stop until the whole world is trading digitally through IOTA. This year we will connect five more countries in addition to Kenya and the UK, so by the end of the year we will probably be at around seven countries connected through pilots.”

A particular focus is on South Korea. According to him, IOTA wants to set up a pilot there together with a local industrial company, government support, port authorities and financial institutions, probably for a trade corridor with the United Kingdom or the USA.

In the coming months, stablecoin companies will also be integrated to process cross-border payments via TWIN immediately and with lower fees.