[News Brief] Apr 22, morning | $930.2M in net inflows to U.S. spot Bitcoin ETFs over the past 6 days

U.S. spot Bitcoin ETFs see $930.2M in net inflows over the past 6 days

According to Bitcoin Magazine, U.S. spot Bitcoin ETFs recorded net inflows of $930.2 million over the past six days.

Spot Bitcoin ETF fund flows are widely regarded as a key indicator of institutional investor sentiment toward BTC.

SEC’s Hester Peirce: On-chain management alone does not automatically exempt a product from securities laws

SEC Commissioner Hester Peirce said that managing crypto assets on-chain does not automatically exclude them from the scope of federal securities laws.

According to PANews, Peirce explained that if a specific individual or team determines staking, lending allocations, interest rates, permitted assets, loan-to-value ratios (LTV), liquidation criteria, and related parameters in crypto vaults and lending strategies using smart contracts, such arrangements could be viewed as a common enterprise, an investment company, or a security-like debt instrument.

She added that relevant operators should assess whether they fall under regulatory requirements such as securities issuance or investment advisory rules, and should communicate with the SEC to explore compliance measures.

U.S. authorities have reviewed on a case-by-case basis whether crypto products and DeFi operating structures fall under securities laws.

Brian Armstrong: Coinbase may reconsider overseas positioning if the CLARITY Act does not pass

Coinbase CEO Brian Armstrong urged the U.S. Congress to move quickly on the CLARITY Act.

According to Odaily, Armstrong said in a CNBC interview, “If the CLARITY Act does not pass, Coinbase may reconsider how it positions its business overseas.”

The CLARITY Act is legislation intended to clarify the U.S. regulatory framework for digital assets, and the industry is closely watching whether it will reduce regulatory uncertainty.

White House: Passage of the CLARITY Act is getting very close

A White House official said the Bitcoin CLARITY Act is very close to passing and is gaining bipartisan support.

According to Odaily, the U.S. Securities and Exchange Commission agreed to pay Coinbase $150,000 to settle a Freedom of Information Act lawsuit.

SecondFi plans to gradually shut down its wallet service following a $2.6 million ADA theft incident.

The average daily trading volume across South Korea’s five major crypto exchanges fell 89% year over year to $305 million.

White House: Senate Democrats must accept Trump conflict-of-interest agreement for CLARITY Act to advance

According to Bitcoin Magazine, a White House official said Senate Democrats must accept an agreement related to President Trump’s conflict-of-interest issue for the CLARITY Act to move forward.

The CLARITY Act is a bill designed to clarify the U.S. digital asset market structure and regulatory authority, and the industry is watching whether it will ease regulatory uncertainty.

Algorithmic stablecoin Balancecoin plunges more than 99% in oracle manipulation attack

Algorithmic stablecoin Balancecoin plunged more than 99% following an oracle price manipulation attack.

According to Wu Blockchain, Balancecoin fell from around $1 to $0.0014, wiping out most of its nominal market value of about $3.5 million.

Blockchain security firm SlowMist said the attacker fed an abnormally low Bitcoin price into the protocol, liquidated vaults that should not have been liquidated, and drained about $912,000 from 42DAO in a single transaction.

Telegram CEO: Non-custodial Bitcoin wallet to launch for all users this summer

Telegram’s CEO said a non-custodial Bitcoin wallet will be launched for all users this summer.

According to Odaily, The Bitcoin Historian reported that the Telegram CEO announced the plan. Telegram is said to have more than 1 billion active users.

A non-custodial wallet allows users to manage their own private keys directly. If launched as planned, it could expand Bitcoin accessibility within Telegram.

Cardano wallet SecondFi loses 16.1M ADA in theft, plans to shut down wallet service

Cardano ecosystem wallet SecondFi said about 16.1 million ADA was stolen due to an encryption flaw in its wallet software. The loss is valued at about $2.6 million, and the company plans to gradually shut down both the SecondFi and Yoroi wallet services.

According to Odaily, 374 wallets were affected. SecondFi said an independent investigation by blockchain intelligence firm Groom Lake found that the attacker appeared to be a sophisticated external actor, and indicators linked to North Korea’s Lazarus Group were identified, though the ultimate attribution has not been confirmed.

SecondFi is developing a zero-knowledge-proof-based recovery tool to help affected users restore assets. The tool is currently in testing and will undergo a third-party audit before its planned release in August.

SecondFi is also preparing a wallet export function so users can transfer assets to other services. However, it did not disclose any direct compensation plan or whether it will commit its own funds.

Coinbase seeks integrated exchange for crypto, tokenized stocks, and prediction markets in Canada

Coinbase is pursuing the creation of an integrated exchange in Canada for cryptocurrencies, tokenized stocks, and prediction markets.

PANews, citing Bitcoin Magazine, reported on the 22nd that Eric Richmond, managing director of Coinbase Canada, shared the plan.

Richmond said blockchain technology enables 24/7 trading, reducing the time and access constraints of traditional banks and stock markets. Coinbase is working with Canadian regulators on the service.

Coinbase has previously expanded its services related to prediction markets and stock trading in the United States.

a16z Crypto: Monthly transfer volume for tokenized stocks reached $9.22B in June

According to a16z Crypto, monthly transfer volume for tokenized stocks reached $9.22 billion in June, up more than 170-fold from $53 million in June of last year.

The metric includes on-chain activities such as trading, wallet-to-wallet transfers, and collateral deposits into DeFi protocols.

a16z Crypto said that while the tokenized stock market remains small compared with traditional equity markets, the number of issuers and platforms in the sector is increasing.