US House Committee Passes Bitcoin Reserve Act, Proposed 20-year Holding Period

Bitcoin extended a slow climb through the Asian session while regional equities and U.S. stock futures rose on progress in trade talks between Washington and Beijing.

OKX has announced the addition of SEIUSD UM(X-Perp), AGLDUSD UM(X-Perp), and CFXUSD UM(X-Perp) to multiple services, including futures contracts, officially launching on September 21, 2026, at 16:00 (UTC+8). Notes: - SEIUSD UM contract will launch on September 21, 2026, at 16:00 (UTC+8) - AGLDUSD UM contract will launch on September 21, 2026, at 16:15 (UTC+8) - CFXUSD UM contract will launch on September 21, 2026, at 16:30 (UTC+8)

[IcoBeast.eth: Kalshi Prediction Market Data is Authentic, Incentive Programs are Filed] In response to Beni's accusation that Kalshi fabricated cryptocurrency prediction market trading volume, Kalshi Crypto lead IcoBeast.eth denied the allegation, stating that the Artemis chart reflects the share of prediction market trading volume and that Kalshi does not offer rebates. The calculation methods for contracts and notional amounts are consistent with Polymarket. IcoBeast.eth emphasized that as a CFTC-regulated exchange, all incentive programs have been publicly filed. Beni insists that 99% of perpetual contract trading volume consists of falsified data.

The US House Financial Services Committee passed the H.R. 8957 US Reserve Modernization Act with 28 votes to 21, proposing to include Bitcoin in the Federal Strategic Reserve. The bill stipulates that the federal government must hold Bitcoin for 20 years, during which it cannot be disposed of. The bill needs to be passed by the House of Representatives and the Senate and signed by Trump. The Ministry of Finance is required to establish reserves within 180 days and publish an annual report. The Ministry of Finance and the Ministry of Commerce will study ways to increase holdings, but the bill does not authorize direct purchases. (Source: Bitcoin.com News)

SoftBank is seeking to raise over $11 billion in junk bonds, with some of the funds going towards future investments in OpenAI. (Source: Bloomberg)