The post Ukraine Plans National Bitcoin Reserve, Says Lawmaker Yaroslav Zheleznyak appeared first on Coinpedia Fintech News Ukraine is getting ready to do something big with Bitcoin. The government is working on a new law that could let the country officially hold Bitcoin as part of its national reserves. Member of Parliament Yaroslav Zheleznyak says the bill is almost ready. If this happens, Ukraine could join the short list of countries treating Bitcoin like a key financial asset. Ukraine Draft Bitcoin Bill Ukrainian lawmaker Yaroslav Zheleznyak has confirmed that a draft bill is being finalized to allow the government to create a strategic Bitcoin reserve. This move is part of a bigger vision to integrate digital assets into national policy and improve Ukraine’s financial preparedness. He first hinted at the idea back in February 2025, but this time, the legislative text is almost ready. The proposal would open the door for Ukraine to legally create crypto reserves, including Bitcoin. While details remain limited, the effort signals Ukraine’s growing interest in placing digital assets at the core of its financial strategy. Ukraine Working On Full Crypto Legalization Alongside the Bitcoin reserve plan, Ukraine is working on a broader crypto regulation bill, which is expected to be finalized in the first quarter of 2025. In a statement made back in December, Daniil Getmantsev, head of the Verkhovna Rada’s Tax Committee, revealed that a specialized group is coordinating with the National Bank of Ukraine and the International Monetary Fund (IMF) to shape the new law. The upcoming legislation is set to introduce clear rules for crypto taxation and anti–money laundering procedures. Binance Backs the Idea Kirill Khomyakov, who heads Binance operations in several key regions, including Central and Eastern Europe, has expressed support for Ukraine’s plan. According to him, forming a crypto reserve will require major updates to existing laws. He also noted that these efforts could finally bring clarity to how digital assets are treated under Ukrainian law. Only 4% of the World Owns Bitcoin Globally, only 4% of people own Bitcoin, and Ukrainians are among the early adopters. While Ukraine still lacks a complete legal framework, these recent developments could soon change that. If passed, these laws may not only bring crypto into Ukraine’s mainstream economy.
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Data suggests that a significant portion of Bitcoin could be in the hands of a limited number of larger wallets, potentially pointing to rising concentration. As Bitcoin ( BTC ) adoption grows, ownership continues to concentrate among larger wallets, leaving retail investors with a shrinking share, per new data from Santiment. As of May 13, wallets holding at least 10 BTC — worth about $1 million or more — controlled over 82% of the total mined Bitcoin supply. As Santiment analysts suggest, only around 17.5% of Bitcoin is held by wallets “holding less than $1 million in BTC.” Wallets with 100 BTC or more — currently valued at over $10 million — now hold more than 60% of the total supply. Santiment noted that the 10-100 BTC group can be broadly classified as “mainly comprised of small institutional investors,” while wallets over 100 BTC are mostly held by “institutionals and liquidity providers (with occasional exceptions of very large retail wallets, of course).” Cohort of wallets holding 10 BTC vs 100 BTC | Source: Santiment Some 3.47 million BTC remain in wallets holding fewer than 10 BTC, worth an estimated $358 billion. Whether this smaller group will continue to hold or sell could depend on future market sentiment, the analysts claim. “Historically, major price retraces tend to instigate retail panic-selling, followed by larger wallets absorbing more of the loose coins that retail is no longer comfortable holding for the long run.” Santiment You might also like: Bitcoin’s declining long-term holder supply shows signs of market top: Glassnode Crypto mining has also become less accessible for individuals due to high costs and lower rewards. On top of that, many crypto miners have fully “embraced eager institutional investors, and often take profit shortly after their successful mining sessions are complete,” the analysts added. Santiment estimates that between 3 million and 4 million Bitcoin “could be gone for good” due to lost private keys or inaccessible wallets, while around 1.14 million coins still remain to be mined until the year 2140. Read more: Bitcoin miners may find better returns in AI than crypto, Novogratz’s Galaxy Digital suggests
Ukraine may soon be reviewing a legislative proposal to create a state Bitcoin reserve with backing from cryptocurrency exchange Binance. According to local media , Ukrainian MP Yaroslav Zhelezniak, who also serves as First Deputy Chairman of the Finance Committee, has confirmed plans to introduce the draft bill in parliament soon. “We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Zhelezniak was quoted as saying. While the final version is still being refined, Zhelezniak has clarified that the initiative will focus exclusively on Bitcoin, shifting from earlier mentions of broader crypto reserves. If the bill is passed, Ukraine would become the first European country to establish a state-run Bitcoin reserve. The proposal has drawn interest from Binance, whose regional head for Central and Eastern Europe, Kirill Khomyakov, expressed support for the initiative. Speaking to local media, Khomyakov said the creation of such a reserve would require “significant changes in legislation,” noting that while the process may not be quick, it could bring long-term benefits. “Another positive aspect is that this initiative will likely lead to greater clarity in the regulation of crypto assets in Ukraine, as the government will need to more clearly articulate its position on this issue,” he added. You might also like: Taiwan lawmaker urges adding Bitcoin to national reserves Binance has recently been collaborating with various jurisdictions, including partnerships with Kyrgyzstan and Pakistan to develop crypto regulations, and advising multiple governments on establishing national Bitcoin reserves. Similar reserve models are already gaining traction elsewhere. In the United States, Texas lawmakers recently advanced Senate Bill 21, which would allow the state comptroller to invest in digital assets with a market cap above $500 billion. Arizona and New Hampshire have already taken steps in this direction. Arizona’s fund will be sourced from unclaimed digital assets, while New Hampshire has authorized up to 10% of its general fund to be allocated to Bitcoin and similarly capitalized assets. Outside the U.S., there have been talks of establishing Bitcoin reserves in countries such as Taiwan , Brazil , the Czech Republic, Russia , and Sweden. Ukraine’s growing interest in a Bitcoin reserve comes as the country continues to reshape its digital asset framework. In April, the Verkhovna Rada Committee on Finance, Tax and Customs Policy unanimously approved a draft law on virtual assets. However, the bill was later withdrawn from consideration, reportedly at the initiative of the President’s Office. While the draft law’s progress was stalled, regulatory efforts have not. Ukraine’s securities regulator has separately proposed a 23% tax on crypto income, combining personal and military levies. Read more: Texas advances strategic Bitcoin reserve bill
On May 15th, the pre-market saw a **decline** in U.S. cryptocurrency-related stocks, reflecting a broader bearish trend in the digital asset market. Notably, **Coinbase** saw a reduction of **2.40%**, indicative
Ukraine, which has been under Russian occupation for a long time, continues to attract attention with its support for Bitcoin and cryptocurrencies. At this point, Ukraine, following in the footsteps of the United States, plans to create a strategic Bitcoin reserve by partnering with Binance. Ukraine is working on a bill to establish a national strategic Bitcoin reserve in partnership with Binance, local news agency Incrypted reported. Speaking to Incrypted, Deputy Chairman of the Committee on Finance, Tax and Customs Policy Yaroslav Zhelezniak confirmed that the Bitcoin reserve bill is being prepared and will be presented soon. Binance to support Ukraine's vision of creating a strategic crypto reserve “We are working on a bill from the industry that would allow for the creation of Bitcoin and cryptocurrency reserves and will submit it soon.” Binance’s Head of Central Asia and Africa, Kirill Khomyakov, stated that Binance supports Ukraine’s goal of creating a strategic crypto reserve, saying: “The creation of such a reserve would require significant changes in legislation, which means that this process will not be quick. Another positive aspect is that this initiative is likely to lead to greater clarity in the regulation of crypto assets in Ukraine, as the government will need to more clearly state its position on this issue.” *This is not investment advice. Continue Reading: Ukraine, Holding Peace Negotiations with Russia, Agrees with Binance! "Bitcoin (BTC) Started Reserve Preparations!"
The recent trends in Bitcoin’s market activity indicate potential fluctuations as it approaches significant liquidity levels. Current observations reveal that the altcoin sector has been performing strongly, showcasing greater resilience
On May 15th, Arthur Hayes, the co-founder of BitMEX, shared insights reflecting on market dynamics from his position as Chief Investment Officer of Maelstrom. He articulated a strategic approach toward
The altcoin market has outperformed BTC over the past week. A BTC dip toward $100k could ensue soon. Bitcoin [BTC] saw an explosive rally from the 6th to the 9th of May, rising from $93.8k to $103.6k. Over the past six days, the king of crypto saw its volatility curtailed severely. This short-term coiled-up price action could hint at a consolidation phase before the next move. While Bitcoin fell into a stupor on the price chart, compared to its burst of bullish activity since the 20th of April, Ethereum [ETH] has rallied 13.4% over the past five days. The altcoin market has surged alongside ETH , leading to a drop in Bitcoin Dominance. Source: BTC.D on TradingView This indicated that the altcoin market has outperformed BTC in the short term. At the same time, there were signs of increased market confidence. A bullish Bitcoin move was anticipated, and the liquidation charts mapped out how this move could unfold. Bitcoin set to descend toward $100k before the next rally Source: BTC/USDT on TradingView On the 2-hour chart, a range formation from $101.7k to $104.8k was plotted. At press time, Bitcoin had slipped below the mid-range support at $103.3k. This was a sign that it would likely test the range lows. At the same time, the OBV was testing the lows formed on the 9th of May. This was another sign that sellers had the upper hand in the short-term. Source: Coinglass The liquidation heatmap of the past week showed that the $106k and the $98.6k were the strongest magnetic zones nearby. A build-up of liquidity was also seen at $102.4k and $100.3k, and these regions were closer to the market price than the $106k level. Combined with the slump in the OBV and the price’s dip below the mid-range level, another Bitcoin drop appeared likely. The liquidation levels to the south suggested that a price dip to $100.3k, or as deep as $98.6k, could be brewing. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
Bitcoin mining firm Bitfarms reported a first-quarter net loss of $36 million, a significant jump from its $6 million loss during the same period last year, as the company begins shifting its business model toward high-performance computing (HPC) and artificial intelligence (AI) services. The Canadian miner brought in $67 million in revenue for Q1 2025, marking a 33% increase year-over-year. However, despite the higher revenue, its mining operation’s gross profit margin dropped from 63% to 43%. The company attributed this decline to the April 2024 Bitcoin halving, which cut mining rewards in half, and to price volatility in Bitcoin, which saw its spot price fall from over $100,000 in January to below $80,000 in March. Bitfarms Shifts Focus from Mining Rigs to Data Centers In response to these shifting market dynamics, Bitfarms has begun refocusing its infrastructure away from pure Bitcoin mining and toward AI-focused data centers. CEO Ben Gagnon emphasized the company’s strategy to turn its mining foundations into a base for long-term growth in HPC. “During the quarter, we executed across several key areas in our strategic pivot to the U.S. and HPC,” Gagnon said. “The mining business now provides a stable, low-capex and free cash flow foundation for the Company that positions us very well to grow and develop our U.S. assets into HPC/AI data centers while still capitalizing on any potential Bitcoin upside in 2025 and 2026.” Coin Metrics noted in a recent report that more miners are looking to diversify into AI data-center hosting to create new revenue streams and utilize their existing power and hardware infrastructure more effectively. Expansion and New Capital for AI Push To fund its AI ambitions, Bitfarms secured a $300 million line of credit from investment bank Macquarie in April. The funding will help expand its HPC operations, particularly a new facility in Pennsylvania. In another strategic move, Bitfarms sold its Paraguay mining facility to Hive Digital for $85 million in January, further signaling its shift away from traditional crypto mining. The company is also expanding its footprint in the U.S. to hedge against potential international trade tensions. As interest in AI infrastructure continues to grow—highlighted by CoreWeave’s $1.5 billion IPO in March—Bitfarms appears poised to tap into a booming market while continuing to ride the waves of Bitcoin’s volatile cycles. The post Bitfarms Swings to $36M Loss in Q1 as It Pivots Toward AI and HPC appeared first on TheCoinrise.com .