[News Brief] Apr 22, morning | Crypto Market Structure Bill Emerges as May 25 Holiday Becomes a Legislative Turning Point

Crypto Market Structure Bill Emerges as May 25 Holiday Becomes a Legislative Turning Point

Amid limited public progress on the crypto market structure bill, the May 25 Memorial Day holiday is being cited as a critical moment for advancing legislation, according to Odaily.

Market participants believe that if this window is missed, the bill could face greater difficulty as the summer election season gains momentum.

Key issues, including stablecoin yields and DeFi sales activities, are still under discussion. Last week, more than 100 organizations sent a joint letter to the Senate Banking Committee urging the launch of deliberations and calling for the CLARITY Act to move to its next stage.

The purpose of the market structure legislation is to codify core principles of crypto regulation into law and reduce uncertainty stemming from future policy changes.

Bitcoin Surpassed $79,000

According to OKX market data, BTC traded at $79,014.40, up 1.24% intraday.

PANews reported on the 27th, citing OKX data, that Bitcoin had moved above the $79,000 level.

Ethereum (ETH) Rose Above $2,400

According to OKX market data, ETH traded at $2,400.15, up 2.21% over the past 24 hours.

PANews reported the update on the 27th, citing relevant market data.

The Broader Crypto Market Moved Higher, with the RWA Sector Standing Out by Gaining 4.81% in 24 Hours

BTC rose 2.36% to move above $79,000, while ETH gained 3.50% and approached $2,400.

According to Odaily, within the RWA sector, Pendle (PENDLE) rose 7.39% and Centrifuge (CFG) gained 7.17%. Ondo Finance (ONDO) and Kita (KTA) also climbed 5.44% and 5.89%, respectively.

By sector, NFTs rose 3.85%, DeFi gained 3.74%, and AI advanced 3.56%. Among individual tokens, Pudgy Penguins (PENGU) rose 13.10%, Lido DAO (LDO) surged 23.71%, and OriginTrail (TRAC) gained 12.00%.

Elsewhere, the memecoin sector rose 2.13%, PayFi gained 1.97%, Layer 2 climbed 1.89%, Layer 1 advanced 1.50%, and CeFi added 1.23%. According to SoSoValue’s crypto sector indices, ssiRWA, ssiNFT, and ssiDeFi rose 6.37%, 4.24%, and 3.49%, respectively.

According to On-Chain Analytics Firm Ember, a Whale Unstaked 300,000 SOL and Transferred the Entire Amount to Binance in the Past 30 Minutes

The transfer was worth about $26.07 million.

Large transfers into exchanges are typically interpreted as potential sell signals and may be seen as a supply overhang for Solana. However, it has not yet been confirmed whether the assets were actually sold.

Source: PANews

On-Chain Monitoring Shows a Whale Address Deposited 5,532 ETH to Hyperliquid for Selling Purposes Over the Past 24 Hours

The whale closed a 20x ETH short position on Hyperliquid but continues to hold high-leverage ETH short positions on another platform.

On the 27th, PANews, citing Onchain Lens, reported that whale address "0xed4" deposited 5,532 ETH into Hyperliquid over the past 24 hours. The amount was worth about $13 million.

According to the report, the address closed its 20x ETH short position on Hyperliquid. However, it continues to maintain a 20x ETH short position on another platform.

This move may be interpreted as a sign of short-term selling intent and position adjustment by a large investor. However, on-chain data reflects activity at the individual wallet level and does not necessarily indicate the direction of the broader market.

According to Odaily, the Bitlayer Team’s Multisig Address Moved BTR Tokens from Ethereum to BSC and Then Sent a Total of 20 Million BTR to a Binance Alpha Wallet Address

The transfer was carried out in two batches of 5 million and 15 million tokens, totaling about $670,000. According to CoinMarketCap, BTR’s current circulating supply is 333.28 million tokens, meaning the transferred amount accounts for about 6% of total circulation.

BTR is currently trading at $0.03385, up 6.24% over the past 24 hours. Its circulating market capitalization stands at about $11.28 million.

U.S. Central Command Ordered 38 Vessels to Return to an Iranian Port, According to Odaily Citing Jinshi

The move is seen as a response to rising tensions in the Middle East. Greater uncertainty in maritime logistics could weigh on global financial markets and risk-asset sentiment.

The Babylon Foundation Said It Plans to Deposit $3 Million Worth of USDT into Aave

The foundation said the move is intended to demonstrate support for and confidence in Aave and decentralized finance.

According to panewslab.com, the Babylon Foundation disclosed the plan on X. Of the total, $2 million will be allocated to Aave V3 and $1 million to V4.

The foundation said the interest generated from the deposits will be returned to the Aave ecosystem through incentives tied to the Aave-Babylon integration. The funds will be used to support ongoing recovery efforts and future adoption of Aave.

Four Pillars Officially Announced a Series A Investment from Pantera Capital and Further Ventures

The investment amount was not disclosed.

According to panewslab.com, Four Pillars plans to transition from a traditional research institution into a provider of blockchain research and infrastructure services for institutional clients.

The company said it has collaborated with more than 100 protocols and companies over the past three years and published more than 600 research reports. Going forward, it plans to expand around three pillars: FP Research, covering crypto, investment, institutions, Asia, and technology; FP Validated, providing institutional-grade validator infrastructure and staking services; and FP Institution, focused on seminars and advisory services.