[News Brief] Apr 22, morning | Tennessee Announces Statewide Ban on Crypto ATMs

BSTR Plans to Expand BTC Holdings to More Than 43,000

BSTR told Bloomberg that it plans to increase its Bitcoin (BTC) holdings to more than 43,000 in the near future.

According to sources, BSTR is preparing to purchase additional Bitcoin worth several billion dollars. The move is being interpreted as a positive factor for the Bitcoin market, as large-scale corporate buying demand could continue.

This development comes amid an ongoing trend of companies adopting Bitcoin as a treasury reserve asset.

U.S. Spot Bitcoin ETFs Record Net Inflows for 9 Consecutive Trading Days

According to Odaily, U.S. spot Bitcoin ETFs recorded total net inflows of $14,448,900 on April 24 (U.S. Eastern Time), marking the ninth straight trading day of inflows.

Among the products, BlackRock's IBIT posted the largest daily net inflow at $22,879,000. It was followed by MSBT, which saw $11,129,400 in inflows.

Meanwhile, the largest net outflow came from ARKB, the ETF by ARK Invest and 21Shares, which recorded an outflow of $9,016,000.

The total net asset value of spot Bitcoin ETFs currently stands at $102.637 billion. The ETF net asset ratio accounts for 6.6% of Bitcoin’s total market capitalization, while cumulative net inflows have reached $58.564 billion.

Fund flows into spot Bitcoin ETFs are generally viewed as an indicator of institutional investor demand. As inflows continue, market attention on Bitcoin supply and demand dynamics is also increasing.

U.S. Spot Ethereum ETFs See $23.38 Million in Daily Net Inflows

According to Odaily, the total daily net inflow into U.S. spot Ethereum ETFs on April 24 (U.S. Eastern Time) was $23,380,807.

The largest inflow of the day came from BlackRock’s ETHB, which attracted $32,252,000. ETHB’s cumulative net inflow also reached $32,252,000.

In contrast, BlackRock’s ETHA posted the largest daily outflow at $7,714,000. ETHA’s cumulative net outflow stands at $28,664,100.

The total net assets of spot Ethereum ETFs currently amount to $13.791 billion, representing 4.91% of Ethereum’s market capitalization. Cumulative net inflows have reached $12.099 billion.

Capital flows into spot Ethereum ETFs are closely watched as a gauge of institutional demand for Ethereum.

U.S. Spot XRP ETFs Record $6.43 Million in Daily Net Inflows

U.S. spot XRP ETFs posted daily net inflows of $6,438,200, with the entire inflow coming from the Bitwise XRP ETF.

According to PANews on April 25, citing SoSoValue data for April 24 (U.S. Eastern Time), total net inflows into U.S. spot XRP ETFs reached $6,438,200. Bitwise XRP ETF was the only product to record inflows, and its cumulative net inflow now stands at $426 million.

As of the report, the total net asset value of spot XRP ETFs was $1.095 billion, with a net asset ratio of 1.23% and cumulative net inflows totaling $1.291 billion.

Recently, flows into spot altcoin ETFs in the United States have drawn attention as a key gauge of market demand.

Purrlend Suffers $1.52 Million Loss from MegaETH and HyperEVM Exploit

According to Odaily, lending protocol Purrlend suffered losses of about $1.52 million after being attacked on the MegaETH and HyperEVM networks.

The attacker drained approximately $1.2 million worth of assets from the HyperEVM network, including 449,683 USDC, 214,125 USDT0, 194,745 USDH, and some UBTC, wstHYPE, UETH, kHYPE, and WHYPE.

Another approximately $324,000 worth of assets, including USDT0, WETH, and USDm, was stolen from the MegaETH network. Purrlend has temporarily paused the protocol and is currently investigating. The attacker’s addresses have been identified on both networks’ block explorers.

Aave DAO Proposes Contributing 25,000 ETH to Support Kelp rsETH Recovery

Aave DAO has released a proposal to contribute 25,000 ETH to support recovery efforts following the Kelp rsETH bridge incident.

According to Wu Blockchain, the proposal outlines participation in recovery efforts led by DeFi United, with 25,000 ETH to be allocated from the Aave DAO treasury as a fixed contribution.

Following the Kelp rsETH bridge incident on April 18, the initial shortfall was estimated at approximately 163,183 ETH. After taking into account asset freezes and expected recoveries, the current deficit has been reduced to roughly 75,081 ETH.

So far, support commitments totaling about 14,570 ETH have been secured, while Mantle has provided a credit facility of up to 30,000 ETH. Any new donations under the proposal would be used first to repay Mantle’s loan.

The measure is being pushed as part of a broader effort to restore confidence in the rsETH ecosystem and coordinate an industry-wide DeFi response.

Grayscale Stakes 102,400 ETH Through Ethereum Mini Trust

Grayscale has reportedly staked about 102,400 ETH, worth approximately $237 million, through its Ethereum Mini Trust over the past 10 hours.

On April 25, PANews cited Lookonchain monitoring in reporting the move. The staking activity is being interpreted as part of Grayscale’s broader effort to expand the use of its Ethereum-related managed assets.

White House Says Investigation Into Fed Chair Powell Is Ongoing

According to Odaily, the White House said that the investigation into U.S. Federal Reserve Chair Jerome Powell is still ongoing.

The White House noted that matters related to the Federal Reserve are not necessarily being dropped, signaling continued uncertainty surrounding Powell, the head of U.S. monetary policy.

Scrutiny and pressure on the Fed chair could raise concerns about the future path of interest rates and central bank independence, potentially weighing on major digital assets such as Bitcoin and Ethereum.

Tennessee Imposes Statewide Ban on Cryptocurrency ATMs

The U.S. state of Tennessee has banned the operation of cryptocurrency ATMs across the state.

According to Odaily, Tennessee Governor Bill Lee signed the related bill (HB 2505), making Tennessee the second U.S. state after Indiana to implement a full ban.

The law will take effect on July 1. Under the bill, installing or operating a Bitcoin ATM classified as a “virtual currency self-service terminal” will be treated as a Class A misdemeanor, punishable by up to one year in jail and a $2,500 fine. Stores that allow such machines to be installed may also face legal liability.

Previously, many U.S. states had strengthened regulation of cryptocurrency ATMs through licensing systems and transaction limits. However, full bans remain rare and are being interpreted as part of a broader crackdown on scam risks involving crypto ATMs.

AWS Marketplace Integrates Chainlink Services

AWS Marketplace has integrated Chainlink’s Data Feeds, Data Streams, and Proof of Reserve services. Developers can now connect AWS computing, storage, database, and API capabilities with blockchain smart contracts.

According to PANews, citing The Block, AWS said Chainlink’s oracle infrastructure provides secure bidirectional connectivity between AWS resources and on-chain smart contracts. As a result, institutions can build tokenized asset and smart contract applications within the familiar AWS environment.

The launch is significant in that it expands the connection points between traditional cloud environments and blockchain infrastructure. Chainlink has already been broadening its role in data interoperability between traditional financial institutions and blockchain networks.