[News Brief] Apr 22, morning | Coinbase CEO Brian Armstrong Set to Discuss Crypto Market Structure Bill with U.S. Senate Republicans

Coinbase CEO Brian Armstrong Set to Discuss Crypto Market Structure Bill with U.S. Senate Republicans

Coinbase CEO Brian Armstrong is set to meet with U.S. Senate Republicans ahead of a vote on a Bitcoin and cryptocurrency market structure bill, according to a report by Bitcoin Magazine.

Citing Punchbowl News, Bitcoin Magazine said Armstrong is expected to speak to Senate Republicans on Wednesday, while the vote on the bill is scheduled for Thursday.

The bill is designed to establish a clearer regulatory framework for the cryptocurrency market in the United States, drawing significant attention from the industry.

Sen. Cynthia Lummis Says CLARITY Act Includes Protections for Bitcoin Developers

U.S. Senator Cynthia Lummis confirmed that the CLARITY Act includes provisions to protect Bitcoin developers, according to @pete_rizzo_.

The provision is intended to ensure that developers are not held criminally liable simply for writing code. The CLARITY Act is legislation aimed at organizing the regulatory framework for digital assets in the United States.

Ondo Finance Says Ondo Global Markets TVL Surpasses $1 Billion

According to Odaily, Ondo Finance announced that the total value locked (TVL) on Ondo Global Markets has exceeded $1 billion.

Ondo Global Markets is a platform for trading tokenized stocks and ETFs, and the company said it is the first in the sector to reach the $1 billion TVL milestone.

The platform has been live for less than eight months, and its TVL has doubled since January 2026. Cumulative trading volume stands at about $18 billion.

According to data from RWA.xyz, Ondo Global Markets accounts for more than 70% of the tokenized equities issuance market.

Ethereum Foundation Unveils Glamssterdam Devnet Launch and Progress on Core Technologies

The Ethereum Foundation has disclosed the launch of the Glamssterdam devnet for its next upgrade, along with progress on key technologies.

According to Odaily, the foundation shared outcomes from a recent core developer interoperability meeting held in Svalbard, Norway, stating that consensus was reached on the trust path beyond Glamssterdam.

On the execution layer, ePBS, an external proposer-builder separation design, has been operating stably on the multi-client Glamssterdam devnet, while the external block builder process has completed end-to-end testing across most client implementations.

EIP-8037 has been finalized and adopts the fixed cost_per_state_byte model, while repricing-related parameters have been calculated on bal-devnet-6.

Progress was also made on Hegota, the scaling roadmap. FOCIL-related prototypes have entered the stage of practical implementation, and the scope of account abstraction requirements has been defined, with multi-client devnet validation planned for the next stage.

The foundation said current development is focused on finalizing Glamssterdam, while Hegota scaling design and follow-up roadmap work are being advanced in parallel.

Whale Alert: 220 Million USDC Moved from Paxos to Ethena

According to Whale Alert, 220 million USDC, worth approximately $219.93 million, was transferred from Paxos to Ethena.

The transaction was observed on the Ethereum network. Large stablecoin transfers are closely watched as on-chain indicators related to liquidity management by exchanges and protocols.

Circle Extends Intraday Gain to 18%, Stock Tops $134

According to Odaily, msx data showed Circle shares extending intraday gains to 18%, rising above $134.

The stock traded at $134.36, with market capitalization reaching $33.06 billion. Circle is the issuer of the USDC stablecoin.

Huma Finance Says Legacy Polygon v1 Contract Exploit Led to Loss of About 101,400 USDC

According to Odaily, Huma Finance said a vulnerability in its legacy v1 contract deployed on Polygon was exploited, resulting in the loss of about 101,400 USDC.

The company said user funds and the PST system were not affected, and that the v2 system deployed on Solana is unrelated to the vulnerability. Huma Finance added that it has fully halted operations of the v1 liquidity pool, which had already been undergoing phased deprecation, and will expedite the migration process.

Binance Says AI-Based Risk Management System Prevented $10.53 Billion in Potential Losses

According to Wu Blockchain, Binance said in an AI security report that from the beginning of 2025 through the first quarter of 2026, its AI-based risk management system prevented approximately $10.53 billion in potential user losses.

Binance said the system helped protect user assets by detecting suspicious transactions and risky fund flows. The report comes as global exchanges increasingly adopt AI to strengthen anti-money laundering measures and security.

Whale Alert: 742 BTC Transferred from Anonymous Wallet to Coinbase Institutional

According to Whale Alert, 742 BTC, worth about $60.34 million, was transferred from an anonymous wallet to Coinbase Institutional.

Large transfers to exchanges or institutional custody platforms are often watched as on-chain indicators that may suggest potential selling activity or custody-related movement.

Source: Whale Alert

Bitcoin Breaks Above $82,000

According to Odaily, citing OKX market data, Bitcoin (BTC) was trading at $82,000.10, up 0.68% on the day.