Connect with us
DAPA Banner

Crypto World

Rep. Sheri Biggs Discloses $250,000 Bitcoin ETF Buy Amid Reserve Bill Push

Published

on

Sherri Biggs Bought BlackRock's IBIT Bitcoin ETF

Rep. Sheri Biggs (R-SC) disclosed a purchase of $100,001 to $250,000 in BlackRock’s iShares Bitcoin Trust ETF (IBIT) on March 4, made through her spouse’s professionally managed account at UBS Financial Services.

The filing, submitted to the House Clerk on April 16, landed within the STOCK Act’s 45-day reporting window. It arrives as the Senate weighs legislation that could turn the federal government into a large-scale Bitcoin (BTC) buyer.

Biggs Adds to Growing Bitcoin Position

The March trade marks at least the second six-figure IBIT purchase by the Biggs household. In July 2025, her husband acquired between $100,001 and $250,000 of the same ETF roughly one week before pro-crypto legislation passed the House.

Sherri Biggs Bought BlackRock's IBIT Bitcoin ETF
Sherri Biggs Bought BlackRock’s IBIT Bitcoin ETF. Source: Quiver Quantitative

That earlier transaction was disclosed months late, violating the STOCK Act’s 45-day rule and triggering a $200 penalty. Trackers noted IBIT gained about 12% in the three months following the buy.

The same April filing also listed two smaller purchases of Apollo Debt Solutions BDC and a sale of Oaktree Strategic Credit Fund holdings, signaling a broader portfolio shift toward crypto and debt exposure.

Advertisement

Strategic Bitcoin Reserve Bill Looms in Senate

The timing draws additional scrutiny because S.954, the BITCOIN Act of 2025, remains before the Senate Banking Committee.

Introduced by Sen. Cynthia Lummis (R-WY), the bill would direct the Treasury to acquire one million BTC over five years and store them in a decentralized network of secure federal facilities with a 20-year minimum hold.

Related efforts continue to build momentum. The Mined in America Act, introduced March 30 by Sens.

Advertisement

Cassidy and Lummis, would codify President Trump’s executive order establishing the reserve and let certified U.S. miners sell newly mined BTC directly to the Treasury.

If passed, these measures could make the federal government one of the largest holders of Bitcoin globally, a catalyst for assets like IBIT, which already manages roughly $55 billion and commands about 70% market share among U.S. spot Bitcoin ETFs.

Congressional members remain legally permitted to trade stocks and ETFs under current rules. However, repeated timing controversies have fueled bipartisan calls for a full trading ban.

The post Rep. Sheri Biggs Discloses $250,000 Bitcoin ETF Buy Amid Reserve Bill Push appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

TRM Labs Unveils Advanced System Tackling Blockchain Reorg Chaos Across EVM Networks

Published

on

Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Blockchain reorgs can shift transaction positions, alter timestamps, and change execution outcomes across EVM networks
  • TRM processes real-time data without waiting for finality, requiring advanced systems to detect and correct inconsistencies
  • Simple deduplication fails as reorgs modify indices and traces, creating structurally different yet related records
  • TRM uses layered detection and reconciliation, anchoring all datasets to canonical transaction timestamps for accuracy

Blockchain reorganizations continue to challenge data reliability across Ethereum-compatible networks. A recent post by TRM Labs explains how these events can alter transaction records, forcing engineering teams to rethink how real-time blockchain data is processed and maintained.

Reorgs Reshape Blockchain Data Beyond Simple Duplication

TRM Labs shared the update through its official X account, pointing readers to a detailed breakdown of its internal systems.

The post explains that blockchain reorgs do more than create duplicate entries. They can shift transaction positions, modify log indices, and even alter execution outcomes.

A reorg occurs when a blockchain replaces recently accepted blocks with a different version of the chain. This can happen under both proof-of-work and proof-of-stake systems. In Ethereum’s current structure, delays in block propagation or network partitions can trigger such changes.

As a result, previously ingested data may become outdated without warning. Transactions might move to different blocks, while timestamps and execution paths can change. In some cases, a transaction that succeeded earlier may fail in the updated chain version.

This creates challenges for data pipelines that process blockchain activity in real time. Once incorrect data enters storage systems, it remains alongside updated records. This leads to inconsistencies that extend across dependent datasets.

TRM notes that relying only on transaction hashes for deduplication does not solve the issue. When positions shift, metadata such as log indices and trace identifiers also change. These differences cause systems to treat identical transactions as separate records.

Advertisement

Multi-Layered Strategy Enables Real-Time Data Accuracy

To manage these issues, TRM Labs built a layered system that detects and corrects reorg-related inconsistencies. The company processes blockchain data immediately after block production instead of waiting for finality. This approach supports real-time monitoring needs but requires constant reconciliation.

Waiting for finality could prevent most reorg issues. However, finality on Ethereum can take up to 15 minutes. For compliance and risk monitoring systems, such delays are not practical.

TRM’s system begins with reorg detection. Once identified, affected data is republished and corrected across all downstream tables. Each dataset applies its own deduplication rules, ensuring that outdated records are removed or replaced.

Another key component is cross-table reconciliation. Since reorgs can affect multiple datasets differently, consistency must be restored across all related tables. Without this step, mismatched records could disrupt analytics and reporting systems.

Advertisement

The transactions table plays a central role in this process. It serves as the main reference point for all other datasets. By anchoring downstream data to canonical transaction timestamps, the system restores alignment after a reorg occurs.

The post also outlines different failure scenarios observed in production. In some cases, transactions retain the same outputs but shift positions. In others, execution paths change due to differences in blockchain state, leading to altered results.

There are also situations where the number of token transfers changes between chain versions. These variations create mismatches that cannot be resolved through simple deduplication methods.

TRM’s approach addresses each of these scenarios through coordinated data correction. This ensures that real-time systems maintain accuracy even when the underlying blockchain structure changes.

Advertisement

The company continues to refine its systems as blockchain networks evolve. Its framework reflects the growing need for reliable data infrastructure in environments where consensus can shift after initial confirmation.

Source link

Advertisement
Continue Reading

Crypto World

Tokenization Doesn’t Fix Illiquid Assets: PBW 2026

Published

on

Paris, Data, RWA, RWA Tokenization, Paris Blockchain Week

Tokenization does not automatically make hard-to-trade assets liquid, industry executives said at Paris Blockchain Week, pushing back on the idea that putting private credit, real estate or other illiquid products onchain will by itself create active secondary markets.

Speaking during a panel moderated by Cointelegraph CEO Yana Prikhodchenko, Oya Celiktemur, Ondo Finance sales director for Europe, the Middle East and Africa (EMEA), said there is still a misconception that tokenizing illiquid assets can make them easier to trade.

“I think there’s still this idea that tokenizing something illiquid will somehow magically make it a liquid asset, which is just not true,” said Celiktemur. She added that assets like real estate and private credit “were never that liquid” to begin with.

Francesco Ranieri Fabracci, head of tokenization expansion at Tether, made a similar point. “It’s not that if you put an asset onchain, it will be liquid,” he said, arguing that only a narrower set of instruments, including bonds, money market funds and stablecoins, are likely to achieve consistent liquidity in tokenized markets.

Advertisement

The discussion comes as the tokenized real-world asset (RWA) sector continues to expand, shifting attention from issuance growth toward whether tokenized products can achieve meaningful activity and move beyond limited distribution channels. 

Paris, Data, RWA, RWA Tokenization, Paris Blockchain Week
Panel discussion on Real-World Asset liquidity in Paris. Source: Cointelegraph

Tokenized RWA market grows, but remains concentrated

Data from RWA anayltics platform RWA.xyz shows the tokenized RWA market expanded from $8.8 billion on April 16, 2025, to roughly $29.9 billion on April 16, 2026, more than tripling in size in one year. 

The growth was led by relatively standardized and widely traded assets. Tokenized US Treasury Debt and commodities accounted for a large share of the market throughout the year. 

Related: French minister says new measures are coming after crypto kidnappings

By contrast, categories typically associated with lower liquidity remained comparatively smaller despite strong percentage growth. Tokenized real estate increased from about $35 million to $296 million, while private equity rose from nearly $60 million to $223 million.  

Advertisement
Real-world asset data excluding stablecoins. Source: RWA.xyz

Other segments, including asset-backed credit and corporate credit, also expanded sharply in absolute terms, indicating rising issuance across a broader range of instruments.

But market value alone does not prove liquidity. Outstanding value can rise because more assets are issued, even if secondary market trading remains thin.

Magazine: Singapore isn’t a ‘crypto hub’ — it’s something better: StraitsX CEO