[News Brief] Jul 21, morning | Trump Agrees on Final Wording of Bitcoin and Cryptocurrency Clarity Bill

Trump Agrees on Final Wording of Bitcoin and Cryptocurrency Clarity Bill

Reports say President Trump has agreed on the final wording of the Bitcoin and cryptocurrency clarity bill.

According to @pete_rizzo_, the final draft of the bill was delivered to Senate Republicans this afternoon, and the release of amendments and a Senate floor vote are expected to follow.

The bill is reportedly intended to provide greater clarity on the U.S. cryptocurrency regulatory framework and market jurisdiction.

U.S. Spot Bitcoin ETFs See Net Inflows for Five Straight Trading Days, Spot Ethereum ETFs Also Record Inflows

U.S. spot Bitcoin ETFs recorded net inflows for five consecutive trading days. Spot Ethereum ETFs also saw inflows on the same day.

According to Wu Blockchain, as of July 20 (U.S. Eastern Time), total net inflows into U.S. spot Bitcoin ETFs reached $227 million. U.S. spot Ethereum ETFs recorded net inflows of $38.09 million.

Spot ETF fund flows are widely viewed as a key indicator of institutional investor demand.

Grayscale Files Worldcoin (WLD) ETF Registration Statement With the SEC

Grayscale has filed a registration statement for a Worldcoin (WLD) ETF with the U.S. Securities and Exchange Commission (SEC), according to PANews, citing The Block.

The fund is a passive investment product that holds WLD, the native token of World Network. The value per share is designed to reflect the value of the WLD held by the fund, minus fees and liabilities.

If approved, the ETF will be listed on Nasdaq. The Bank of New York Mellon will serve as transfer agent, and BitGo Bank and Trust will act as custodian.

BlockSec: Around 515 Million NIGHT Tokens Stolen in Wanchain Cardano Cross-Chain Bridge Attack

BlockSec said Wanchain’s Cardano cross-chain bridge was attacked, resulting in the theft of about 515 million NIGHT tokens from the bridge vault.

Preliminary findings suggest the cause was an issue in the signature message encoding of the treasury check validator. Different field combinations could produce the same byte sequence and hash, allowing previously valid signatures to be reused, according to the report.

BlockSec said it confirmed the vulnerability by decompiling the on-chain Plutus V2 bytecode and analyzing the attack transaction data.

Nigerian President Signs Executive Order to Coordinate Virtual Asset Regulatory Framework

According to Odaily, Nigerian President Bola Ahmed Tinubu has signed an executive order aimed at coordinating the country’s virtual asset regulatory framework.

The executive order is intended to strengthen cooperation among financial, tax, and capital market authorities and address fragmented digital asset regulation.

Under the order, a Virtual Asset Committee will be established with the heads of Nigeria’s key financial regulatory agencies participating to coordinate related policy direction.

Nigeria’s tax authority is also expected to revise its digital asset policy and provide further details on the impact on taxpayers.

Presidential special adviser Bayo Onanuga said the measure does not create a new regulator or transfer authority between agencies, and that each agency’s legal powers and independence will remain intact.

According to the International Monetary Fund’s June report, around 60% of stablecoin inflows into sub-Saharan Africa since 2019 originated from Nigeria. From July 2023 to June 2024, Nigeria’s virtual asset inflows were estimated at about $59 billion.

Onchain Lens: Dormant Bitcoin Whale Sends 1,000 BTC to Binance After Four Months

According to Onchain Lens, a long-dormant Bitcoin whale that had been inactive for four months deposited 1,000 BTC into Binance.

The transfer was worth about $65.56 million, and exchange deposits are generally interpreted as a possible sign of selling intent.

The address is understood to have accumulated BTC in November 2013 and gradually sold portions of its holdings over the past year.

Whale Alert: 2,055 BTC Moved From Anonymous Wallet to Kraken

Source: Whale Alert. On the 20th (local time), 2,055 BTC, worth approximately $134.43 million, was transferred from an anonymous wallet to Kraken.

While exchange inflows are commonly interpreted as a potential sign of selling, no actual sale has been confirmed.

Onchain Lens: Hyperliquid Whale Adds 16 Million USDC Over 24 Hours

According to Odaily, citing Onchain Lens, a Hyperliquid whale just deposited another 11 million USDC, bringing total deposits over the past 24 hours to 16 million USDC.

The wallet is currently maintaining long-term short positions worth $43.9 million. These include a $28.3 million SKHX short, a $14.56 million Brent crude short, and additional shorts tied to HIMS, SMSN, and Nvidia.

Ethereum Staking Ratio Reaches All-Time High of 33.9%

According to Odaily, Ethereum’s staking ratio has risen to 33.9%, marking a new all-time high.

The staking ratio refers to the share of total ETH deposited for network validation.

Lookonchain: New Wallet Withdraws 7,000 ETH From Binance and Stakes It

Odaily, citing Lookonchain, reported that a newly created wallet withdrew 7,000 ETH from Binance and then staked it.

The amount is worth about $13.46 million. When assets are withdrawn from exchanges and moved into staking, the market generally interprets it as a sign of reduced short-term selling pressure.