US lawmakers have reintroduced the ARMA bill to create a Treasury-run Strategic Bitcoin Reserve and a separate federal digital asset stockpile, with plans to explore acquiring up to 1 million BTC over five years.
Patrick Witt, the White House's top crypto advisor, teased a 'major announcement' on the Bitcoin Strategic Reserve in the coming weeks, claiming breakthroughs. Meanwhile, the BITCOIN Act has been renamed the American Reserves Modernization Act (ARMA).
The White House confirmed the US Strategic Bitcoin Reserve holds about 328,372 BTC, most of it from seizures and forfeitures, with the Treasury barred from selling the stash.
U.S. premarket trading on Wednesday showed broad weakness across semiconductor, memory and optical communications names, according to market data from BIT (bit.com) cited by BlockBeats on July 22. Semiconductor stocks were lower across the board, with Lam Research (LRCX) down 3.57%, Intel (INTC) off 3.51%, Applied Materials (AMAT) falling 3.44%, and Arm (ARM) losing 3.01%. Memory names posted some of the steepest declines in the group. SK Hynix (SKHY) fell 6.57%, while Micron Technology (MU) dropped 3.76%, Western Digital (WDC) slid 3.59%, SanDisk (SNDK) lost 3.38%, and Seagate Technology (STX) was down 3.13%. Optical communications stocks also moved lower in tandem, including Astera Labs (ALAB), Applied Optoelectronics (AAOI), Coherent (COHR), Credo (CRDO), and Lumentum (LITE). The data reflects premarket price action only.
HTX released its May performance report, with TradFi futures trading volume surpassing $1 billion and ranking first globally in net capital inflows. The platform advanced in asset expansion, yield optimization, product innovation, and ecosystem co-building, maintaining over 100% reserve ratios.
AI-related U.S. stocks moved higher in premarket trading, according to data from MSX.COM. Marvell Technology (MRVL) led the group with a 6.37% gain, followed by Micron (MU) at 5.94%, KLA (KLAC) at 5.19%, Arm (ARM) at 5.11%, Broadcom (AVGO) at 2.6%, and NVIDIA at 1.14%. MSX.COM said it operates as a decentralized RWA trading platform and has listed hundreds of RWA tokens so far. Those tokenized assets cover U.S. stocks and ETF underlyings, including AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA. The update was published by Odaily as a market analysis newsflash.
Bitget has introduced what it calls the first cross-asset Unified Trading Account, or UTA, in the industry, bringing more than 370 assets into a single margin pool. The rollout includes 100 tokenized U.S. stock products under its rToken line, allowing eligible holdings to be used not only as investment exposure but also as margin and collateral inside one account. According to the company, users can combine cryptocurrencies, tokenized U.S. equities and other real-world-asset-related holdings in the same account for derivatives trading, leveraged positions and collateralized borrowing. Bitget frames the product as the third stage in the evolution of unified accounts: from single-currency margin systems, to multi-crypto margin pools, and now to a cross-asset framework that includes tokenized stocks and RWA products. The company said rToken can serve three functions inside UTA: holding exposure to the underlying asset’s price performance, contributing to account margin, and being pledged to borrow stablecoins. Bitget also said the 100 supported rToken assets cover large-cap U.S. names, broad market indexes, preferred shares, technology, semiconductors, AI infrastructure, finance, consumer, energy, healthcare and communications.
Bitcoin News said in a post on X that a House field hearing on the CLARITY Act in New York will also examine H.R. 8957, the America’s Reserve Modernization Act, a proposal that would create a U.S. strategic Bitcoin reserve. The bill would authorize the Treasury Department to acquire Bitcoin through a budget-neutral mechanism rather than through new taxpayer spending. It also calls for regular audits, secure custody standards, and transparency around the government’s Bitcoin holdings. Supporters say ARMA would treat Bitcoin as a long-term strategic reserve asset alongside other national reserves. The hearing is primarily focused on how the CLARITY Act could unlock digital asset innovation, and ARMA’s inclusion on the agenda indicates that congressional discussions over a federal Bitcoin reserve are still moving forward.
