[News Brief] Apr 22, morning | Trump to Discuss Crypto Clarity Bill with U.S. Senators

Trump to Discuss Crypto Clarity Bill with U.S. Senators on the 16th

According to Watcher.Guru, President Trump is scheduled to discuss the Crypto Clarity Bill with U.S. senators on the 16th local time.

The discussion appears to be tied to legislative efforts to clarify regulatory standards for the cryptocurrency market in the United States.

Coinbase Policy Chief Says He Is “Very Confident” the CLARITY Act Will Pass

Coinbase’s chief policy officer said on Fox that “the policy shift has already happened” regarding the U.S. CLARITY Act, adding that “the CLARITY Act is an opportunity to make it permanent law.”

Source: Bitcoin Magazine. He also said he is “very confident” the bill will pass. The CLARITY Act is designed to establish a clearer regulatory framework for digital assets in the United States, and the industry is closely watching whether it can reduce regulatory uncertainty.

BlackRock Withdraws 2,152 BTC from Coinbase Prime in the Past Hour

BlackRock withdrew 2,152 BTC from Coinbase Prime within the past hour, according to Odaily, citing Onchain Lens.

The withdrawal was worth about $140 million. Onchain Lens explained that, unlike prior custody transfers of IBIT assets within Coinbase Prime, this type of movement is often associated with newly added BTC being incorporated into IBIT.

Spot Bitcoin ETFs See $181 Million Inflow, Spot Ethereum ETFs $58.34 Million on July 14

According to Odaily, spot Bitcoin ETFs recorded net inflows of $181 million and spot Ethereum ETFs recorded net inflows of $58.34 million on July 14. Neither category saw any outflows that day.

Among Bitcoin ETFs, BlackRock’s IBIT saw $139 million in net inflows, while Fidelity’s FBTC recorded $21.07 million. All net inflows into Ethereum ETFs came from BlackRock’s ETHA.

Hyperliquid (HYPE), XRP, and Solana ETFs saw no trading activity that day. Morgan Stanley filed amended documents related to spot Ethereum and Solana ETFs, which included service providers such as Coinbase Custody and staking provisions.

Japanese policymakers are reportedly pursuing reforms to classify cryptocurrencies under the Financial Instruments and Exchange Act. This is being interpreted as part of regulatory preparations for a crypto ETF framework in Japan.

South Korea Officially Classifies Bitcoin as a “Strategic National Asset”

Bitcoin Magazine reported that South Korea has officially classified Bitcoin as a “strategic national asset.”

According to the report, cryptocurrencies including Bitcoin will be incorporated into the government’s asset management system under the Framework Act on National Assets.

The move is drawing attention as a policy shift that brings cryptocurrencies into the scope of state asset management.

Suspected $18 Million Exploit Detected in Arbitrum-Based Ostium Vault

According to Wu Blockchain, security firm Blockaid said it detected signs of a suspected exploit worth about $18 million in an Arbitrum-based Ostium vault.

Blockaid believes the attacker used a registered price upkeep forwarder and oracle reports approved for a future timestamp to create artificial trading profits, triggering roughly $18 million worth of USDC payouts from the vault.

The exploit transaction and attacker address have been disclosed, and the incident remains under investigation. Ostium is an RWA perpetuals trading protocol covering equities, commodities, and forex markets, and has previously raised about $27.8 million from investors including General Catalyst, Jump Crypto, Coinbase Ventures, Wintermute, and GSR.

U.S. Government Transfers 19.615 Million USDT from Gotbit-Seized Wallet to Coinbase Prime

According to Odaily, Onchain Lens reported that the U.S. government transferred 19.615 million USDT from a Gotbit-seized wallet (0xD014...70ff) to Coinbase Prime.

After the transfer, the wallet balance was emptied. The purpose of the transfer has not been disclosed.

Crypto Futures Liquidations Reach $294 Million in the Past 24 Hours

According to CoinGlass data, total liquidations in the cryptocurrency futures market reached about $294 million over the past 24 hours.

A total of 73,451 traders were liquidated, with short liquidations at about $214 million and long liquidations at about $79.36 million.

By asset, ETH recorded the largest liquidation amount at around $118 million, while BTC saw about $56.39 million. The largest single liquidation occurred on Binance’s ETHUSDT contract and was worth about $11.88 million.

Summer.fi Announces Shutdown Following Lazy Summer Protocol Attack

Summer.fi announced it will shut down its business following the impact of the Lazy Summer Protocol attack. Its frontend will remain available until August 31.

According to PANews, Lazy Summer Protocol was attacked on July 6. The attacker manipulated share prices in two USDC vaults on Ethereum mainnet and stole about $6.04 million in deposits in a single transaction.

Summer.fi said the damage depleted both protocol and team operating funds, leaving no viable restructuring option. The future of Lazy Summer Protocol will be determined by the Lazy Summer DAO, which is currently working to restore vault withdrawal and repayment procedures.

Celestia Labs Acquires Sovereign Labs

According to Odaily, Celestia Labs announced that it has acquired Sovereign Labs, a developer of high-performance blockchain frameworks.

Sovereign Labs has been active in the Celestia ecosystem since 2021 and has supported foundational technologies for cross-chain bridge relay protocols and Bullet, a high-performance perpetuals trading platform.

Through the acquisition, Celestia Labs plans to expand its Layer 1-focused technical capabilities into the execution and application layers, while broadening its business scope as a custom blockchain development partner for enterprises.

Earlier, companies such as Hyperliquid, Polymarket, and Robinhood opted to build their own chains, and demand for full-stack blockchain infrastructure for enterprises is said to be increasing.