[News Brief] Apr 22, morning | Total net outflow of $397 million from U.S. spot Bitcoin ETFs on June 3

Total net outflow of $397 million from U.S. spot Bitcoin ETFs on June 3

U.S. spot Bitcoin ETFs recorded a total net outflow of $397 million on June 3 (U.S. Eastern Time), marking 13 consecutive trading days of capital outflows.

PANews, citing SoSoValue data, reported that BlackRock's IBIT saw the largest outflow at $342 million. IBIT's cumulative net inflow stands at $62.636 billion.

Fidelity's FBTC posted a net outflow of $54.2553 million. FBTC's cumulative net inflow was recorded at $10.458 billion.

As of the time of reporting, the total net assets of spot Bitcoin ETFs stood at $82.832 billion, and the ratio of ETF net assets to Bitcoin's total market capitalization was 6.36%. Cumulative net inflows amounted to $54.263 billion.

Total crypto futures liquidations reach $1.736 billion over the past 24 hours

According to CoinGlass data, total liquidations in crypto futures markets over the past 24 hours came to $1.736 billion.

Long liquidations accounted for $1.545 billion, while short liquidations totaled $191 million. Bitcoin (BTC) liquidations reached $821 million, and Ethereum (ETH) liquidations came to $390 million.

Large-scale long liquidations indicate that leveraged positions were forcibly closed during the market decline, which is interpreted as a sign of rising short-term volatility.

Total cryptocurrency market capitalization falls by $200 billion over the past 24 hours

Watcher.Guru reported that the total cryptocurrency market capitalization declined by $200 billion over the past 24 hours.

No specific assets or causes were mentioned. The decline came amid weakened investor sentiment across the broader crypto market.

Federal Reserve's Logan says rate hike may be needed later this year

Federal Reserve official Logan said that a rate hike may be needed later this year to restore price stability.

According to Odaily, Logan assessed that the U.S. labor market is “largely in balance,” investment in artificial intelligence is active, and financial conditions remain “accommodative.”

However, Logan said inflation is not slowing sufficiently toward the Fed's 2% target and pointed out that current monetary policy is not restrictive enough to constrain the economy.

Logan said, “There is growing concern that a rate hike later this year may be necessary to fully restore price stability and achieve the Fed's dual mandate in a balanced way.”

Fed Beige Book says prices are rising at a modest to pronounced pace overall

According to Odaily, the Federal Reserve said in its Beige Book that prices are rising at a modest to pronounced pace overall.

Most districts reported higher inflation than in the previous report, with rising energy costs related to conflict in the Middle East cited as a key factor spreading into transportation, packaging, groceries, and fertilizer.

The Fed added that non-labor input costs are rising faster than selling prices, increasing concerns over pressure on corporate margins.

Coinbase freezes more than $3 million linked to Southeast Asian crypto scam network

Coinbase has frozen more than $3 million linked to a Southeast Asian crypto scam network. The action was part of an anti-fraud campaign led by the U.S. Department of Justice's fraud enforcement unit.

PANews, citing Cointelegraph, reported that Meta, Microsoft, and Starlink also participated in the operation by blocking servers and hosting infrastructure tied to the scam network. Criminal activity across more than 1.4 million social media and email accounts was also disrupted.

Thailand's Royal Police Cyber Fraud Prevention Center arrested multiple individuals in connection with the case. The U.S. Department of Justice said investment scams and so-called “pig butchering” scams are among the fastest-growing and most damaging fraud types targeting Americans.

SlowMist warns of Rust-based supply chain malware 'IronWorm'

SlowMist warned that the Rust-based supply chain malware “IronWorm” is targeting Web3 development environments through malicious npm packages, according to PANews.

IronWorm is believed to be capable of stealing credentials, wallet mnemonic phrases and passwords, tampering with GitHub repositories, distributing malicious packages, and exfiltrating CI/CD secrets.

SlowMist advised security teams to inspect repositories for suspicious commits and branches, unintended build hooks, and commits made under the names of automated accounts.

It also recommended removing or deprecating affected package versions, republishing clean versions, and rotating any keys and tokens that may have been exposed.

U.S. Treasury Secretary says strategic Bitcoin reserve initiative is moving quickly

The U.S. Treasury Secretary said that efforts to establish a strategic Bitcoin reserve are moving quickly.

According to source @pete_rizzo_, the Treasury Secretary also said that the CLARITY Act, a crypto market structure bill, is expected to pass this summer.

He added that a long-term legal framework for crypto is being built. The remarks came as discussions continue in the United States over a Bitcoin reserve and broader digital asset regulatory reforms.

U.S. Commodity Futures Trading Commission (CFTC) abolishes 'no-deny' policy

PANews, citing Cointelegraph, reported that the U.S. Commodity Futures Trading Commission (CFTC) has abolished its “no-deny” policy, which had been in place since 1998.

The policy prevented the CFTC from accepting settlements if defendants publicly denied the allegations. CFTC Commissioner Mike Selig said the rule was scrapped because it could create the false impression that the agency was trying to avoid criticism.

The U.S. Securities and Exchange Commission (SEC) abolished a similar policy in May. Crypto firms that had faced regulatory enforcement had criticized such clauses as restricting freedom of speech.

The CFTC said the change may allow for more flexible settlement procedures, though some defendants may still be required to admit certain facts or liability.

Odaily reports Bank of Japan preparing to discuss 25bp rate hike at June policy meeting

Odaily, citing sources, reported that the Bank of Japan is preparing to discuss a 25-basis-point rate hike at the monetary policy meeting ending on June 16, which would raise the policy rate to 1%.

Sources said BOJ officials believe real interest rates remain low and upside inflation risks persist, leaving room for additional hikes later this year.

However, given uncertainty surrounding the Middle East situation, officials plan to review incoming data before making a final decision. Adjusting the pace of bond purchase reductions is also expected to be a key agenda item at the meeting.