[News Brief] Apr 22, morning | EU to Apply Enhanced KYC to Crypto Transactions Over €1,000 Starting in 2027

EU to Apply Enhanced KYC to Crypto Transactions Over €1,000 Starting in 2027

PANews reported that the European Union (EU) will implement revised anti-money laundering (AML) regulations on July 10, 2027.

Under the new rules, crypto-asset service providers (CASPs) must apply enhanced know-your-customer (KYC) procedures to any single transaction exceeding €1,000. Anonymous accounts and services related to privacy coins will be completely banned.

The EU will also cap commercial cash payments within the bloc at €10,000. For cash transactions of €3,000 or more, traders and other obligated entities must verify customer identity and conduct due diligence before completing the transaction.

Morgan Stanley Buys the Dip in Bitcoin, Holdings Surpass 4,000 BTC Over the Past Week

According to Odaily, Morgan Stanley bought Bitcoin on the dip over the past week, pushing its total holdings above 4,000 BTC.

Michael Saylor said that since Bitcoin continues trading even when U.S. stock markets are closed, volatility is unavoidable.

The U.S. Senate is currently discussing the CLARITY Act, including provisions that would ensure non-custodial software developers are not held legally responsible for third-party use of their code.

An Ethereum core developer said Ethereum has entered its next institution-driven phase, in which capital reallocation challenges may come to the forefront.

Bitcoin ETF Buys More Than $25 Million Worth of BTC This Week

Bitcoin Magazine reported that Morgan Stanley’s Bitcoin ETF purchased more than $25 million worth of BTC this week.

This stands out as an example of institutional buying against broader market selling pressure. Previously, capital inflows into U.S. spot Bitcoin ETFs have been widely used as a key gauge of BTC supply-demand dynamics and investor sentiment.

CryptoQuant CEO Ki Young Ju Says Capital Rotation Between Bitcoin and Altcoins Has Virtually Disappeared

CryptoQuant founder Ki Young Ju said that capital rotation between Bitcoin and altcoins has virtually disappeared.

According to PANews, Ki said on the 20th that altcoin trading volume relative to Bitcoin has fallen sharply since 2021, adding that “the era when altcoins rose simply because Bitcoin was rising may be over.”

In the past, the crypto market often saw capital flow from Bitcoin into altcoins after BTC rallies, but recently the strength of that rotation has weakened, according to market observers.

100,000 ETH Transferred From Kraken to an Unidentified Wallet

Whale Alert reported that 100,000 ETH was transferred from Kraken to an unidentified wallet.

The transfer was valued at approximately $170.67 million. Large transfers to wallets outside exchanges may reflect custody movements, over-the-counter deals, or other purposes, and require further confirmation.

$135.34 Million USDC Moved From Aave to an Unidentified Whale Wallet

Whale Alert said that 135,348,106 USDC, worth about $135,395,478, was moved from Aave to an unidentified whale wallet.

The transaction was identified as a large-scale stablecoin transfer on the Ethereum network. However, the purpose of the transfer and the identity of the parties involved have not been disclosed.

myswap Suffers Roughly $300,000 Liquidity Pool Loss in Exploit

Starknet-based AMM protocol myswap said a vulnerability exploit occurred in its CL protocol, resulting in about $300,000 being drained from a liquidity pool.

myswap explained that its interface had been shut down for more than six months and it had not been accepting new liquidity. Most of the affected funds were residual LP positions spread across more than 100,000 positions.

The attacker reportedly bridged the stolen funds and then used Railgun to obfuscate asset flows. As a result of the exploit, most of the protocol’s remaining liquidity is said to have been depleted.

F2Pool Co-Founder Wang Chun Allegedly Bought an Additional $33.41 Million in ETH and WBTC Over the Past 15 Hours

According to Odaily, on-chain analytics account Ai Yi said F2Pool co-founder Wang Chun appears to have purchased about $33.41 million worth of ETH and WBTC over the past 15 hours.

The estimated purchases included 11,448.4 ETH worth about $19.35 million at an average purchase price of around $1,690, and 224.66 WBTC worth about $14.05 million at an average purchase price of around $62,554.

WBTC is an Ethereum-based wrapped asset pegged to the price of Bitcoin.

Cardone Capital Buys 282 BTC Worth $17.7 Million During Price Dip

Bitcoin Magazine reported that Cardone Capital, which is said to manage $5.3 billion in assets, bought 282 BTC worth about $17.7 million during the price decline.

The purchase is being interpreted as another example of institutional dip-buying amid recent Bitcoin weakness.

El Salvador Has Bought More Than 150 Additional BTC So Far This Year

The government of El Salvador has reportedly purchased more than 150 additional BTC so far this year.

According to source @pete_rizzo_, El Salvador has maintained its strategy of buying 1 BTC per day and has not sold any BTC this year.

El Salvador has continued its national Bitcoin accumulation strategy since adopting Bitcoin as legal tender.