[News Brief] Apr 22, morning | Bitcoin ETFs See Record Net Outflows of $6.35 Billion Over the Past 30 Days

Bitcoin ETFs See Record Net Outflows of $6.35 Billion Over the Past 30 Days

PANews reported on the 21st that Bitcoin ETFs posted net outflows of $6.35 billion over the past 30 days.

Galaxy Research said on X that this was the largest outflow among all 582 rolling 30-day periods on record. ETF fund flows are widely used as a key indicator of institutional investor demand and market sentiment.

Deutsche Bank: U.S. Inflation Outlook Revised Higher, Fed Could Hike by 50 bps in 2026

According to Odaily, Deutsche Bank raised its U.S. inflation outlook and revised its expectations for Federal Reserve policy.

Deutsche Bank now expects the Fed to raise interest rates by a total of 50 basis points in 2026, bringing rates to 4.1%, and also suggested the possibility of an earlier hike in July.

Expectations of rate hikes may heighten concerns over liquidity tightening, which could weigh on risk assets such as cryptocurrencies.

Japan Nationwide Commercial Enterprise Pension Fund Plans to Begin Crypto Investment From Fiscal 2026

According to Wu Blockchain, Japan’s Nationwide Commercial Enterprise Pension Fund plans to begin investing in crypto assets starting in fiscal 2026.

The fund covers about 1,200 small and medium-sized enterprises and manages about ¥21.3 billion, or roughly $136 million, in assets. Its crypto allocation is expected to account for about 1% of total assets.

The investment is expected to be made through passive multi-crypto funds managed by major hedge funds. The fund reportedly sees foreign exchange risk diversification as a key reason for the investment.

MSUSD Plunges 85% at One Point as Morpho msY/USDC Market Utilization Hits 100%

According to Wu Blockchain, PeckShield said that Mainstreet Finance-related token MSUSD fell as much as 85% at one point, while utilization in Morpho’s msY/USDC market reached 100%.

AlphaUSDC Delta V2, managed by AlphaPing, was reported to have about 30% exposure to the market, amounting to roughly $18 million.

The sell-off followed the termination of Accountable’s verification agreement with Mainstreet Finance. Mainstreet said the issue was not related to insolvency, but rather to the suspension of a third-party proof-of-reserves dashboard, adding that all assets remain fully collateralized.

Mainstreet also said it has already injected more than $8 million in USDC to support liquidity and is seeking an alternative proof-of-reserves provider.

Thai Authorities Raid Crypto Mining Sites Over Illegal Electricity Use, Seize 315 Mining Rigs

Thai police and related agencies raided crypto mining operations in five northeastern provinces over allegations of electricity theft, seizing 315 mining machines.

According to the Bangkok Post, authorities inspected 14 locations and found evidence of mining equipment operating through illegal power connections and manipulated electricity meters.

The estimated value of the power losses reached about 40.38 million baht, including 5.38 million baht in electricity violation fines and roughly 35 million baht in unpaid electricity bills.

The crackdown was carried out as part of a joint investigation aimed at reducing strain on the power grid and preventing illegal electricity use.

Ethereum MEV Bot Jaredfromsubway Loses About $7.5 Million in Attack

According to Wu Blockchain, Ethereum MEV bot Jaredfromsubway suffered losses of about $7.5 million in an attack.

Blockchain security firm Blockaid said an attacker-controlled contract deceived the bot’s automated execution system into granting token approval permissions, then used the remaining approval allowances to drain WETH, USDC, and USDT.

Blockaid explained that the incident was not caused by phishing or a smart contract vulnerability, but by the exploitation of an automated structure used for MEV opportunity detection and approval workflows.

Galaxy Research: Bitcoin Miners Have Entered a Capitulation Phase

Galaxy Research said on X that Bitcoin miners have entered a “capitulation phase.”

According to Galaxy Research, Bitcoin mining difficulty has now fallen more than 20% from its historical peak, marking the largest decline in difficulty since 2021.

A sharp drop in mining difficulty suggests that some miners are exiting the network due to worsening profitability. The market is interpreting this as a hash rate adjustment phase.

220 Million USDT Transferred From Tether Treasury to Bitfinex

According to Whale Alert, 220 million USDT, worth about $219.83 million, was transferred from the Tether Treasury to Bitfinex.

The transaction represents a large stablecoin movement and may be related to exchange liquidity provision or internal treasury management.

Source: Whale Alert

135.41 Million USDC Moved From Anonymous Wallet to Aave

According to Whale Alert, 135,415,575 USDC, worth about $135.47 million, was transferred from an anonymous wallet to Aave.

The transfer was identified on the Ethereum network and may be related to DeFi activity such as deposits or borrowing on Aave.

South Korea Petition to Abolish Crypto Taxation Gains 58,571 Signatures, Set for National Assembly Review

According to Odaily, a South Korean public petition calling for the abolition of crypto asset taxation has received 58,571 signatures and is now set to enter the National Assembly review process.

Under the National Assembly Act, the petition becomes eligible for deliberation at the first committee meeting held after 30 days from its referral to the relevant committee.

Under the current Income Tax Act, from January 1 next year, income from the transfer or lending of crypto assets will be classified as miscellaneous income. Income exceeding 2.5 million won will be subject to a total tax rate of 22%, including 20% miscellaneous income tax and 2% local income tax.