[News Brief] Apr 22, morning | StableR, European Stablecoin Issuer, Suspends Minting After Hack

European stablecoin issuer StableR has suspended the issuance and redemption of USDR and EURR following a hack, and has asked exchanges to halt trading as well as deposits and withdrawals.

According to PANews, the attacker exploited a vulnerability in StableR's Ethereum-based 1-of-3 multisig wallet, stole one private key, obtained admin privileges, and removed the existing signers. The attacker then minted approximately 8.35 million USDR and 4.5 million EURR in excess, with the total scale of the incident exceeding $13.5 million.

The amount actually cashed out is estimated at around $2.8 million. As a result of the incident, the two stablecoins no longer meet MiCA's 1:1 reserve requirement.

USDR briefly lost its peg before recovering to around $0.994, while EURR fell to about $0.548. StableR said it has launched an internal investigation and plans to report the matter to Malta's regulators and other relevant authorities.

Source: Odaily. CoinShares said digital asset investment products saw $1.47 billion in net outflows last week.

The outflows extended for a second consecutive week and marked the third-largest weekly outflow of 2026 so far. Total net outflows over the past two weeks reached $2.54 billion.

By asset, Bitcoin investment products saw $1.315 billion in outflows, the largest weekly outflow of 2026. As a result, year-to-date net inflows fell from $3.9 billion to $2.6 billion.

Ethereum recorded $223 million in net outflows. In contrast, XRP posted $31.8 million in net inflows, Near $9 million, and Solana $7.7 million.

By region, the United States led the outflows with $1.425 billion, while Switzerland, Canada, and Hong Kong saw net outflows of $16.2 million, $12.5 million, and $12.2 million, respectively.

CoinShares said rising geopolitical risks related to Iran have fueled risk-off sentiment. Although discussions around the Clarity Act continue, market anxiety has not eased.

Source: PANews

Fund flows in U.S. spot crypto ETFs were mixed. Bitcoin and Ethereum ETFs continued to see net outflows, while Solana ETFs maintained net inflows.

On the 25th, PANews, citing Lookonchain data, reported that U.S. spot Bitcoin ETFs recorded net outflows of 968 BTC, or about $75 million, in one day. Cumulative net outflows over the past seven days totaled 16,595 BTC, or about $1.29 billion.

BlackRock's IBIT was identified as a major driver of the Bitcoin ETF outflows, with 13,123 BTC leaving over the past seven days.

Spot Ethereum ETFs also saw net outflows of 2,699 ETH, or about $5.73 million, in one day. Over the past seven days, cumulative net outflows reached 105,862 ETH, or about $225 million. BlackRock's ETHA posted net outflows of 89,376 ETH during the same period.

In contrast, Solana ETFs recorded net inflows of 72,516 SOL, or about $6.24 million, in one day. Over the past seven days, cumulative net inflows reached 192,835 SOL, or about $16.58 million. Fidelity's FSOL recorded net inflows of 159,965 SOL over the same period.

Odaily reported that the United States and Iran agreed to reopen the Strait of Hormuz and remove naval mines.

The draft agreement includes a 60-day extension of the ceasefire, with an option to renew if necessary. The two sides also agreed to continue nuclear talks toward a long-term deal.

The Strait of Hormuz is a critical route for Middle Eastern oil shipments, so easing tensions could affect international oil prices and sentiment toward risk assets.

According to Odaily, Gate data showed that WTI and Brent crude rose by more than $1 in the short term, reaching $95.30 and $96.13 per barrel, respectively.

Earlier, Iran's supreme leader said regional countries would no longer protect U.S. military bases and that the United States would no longer have a safe refuge in the region. The remarks heightened geopolitical tensions in the Middle East and added upward pressure on oil prices.

Source: PANews. On the 26th, PANews, citing Cointelegraph, reported that Bitcoin researcher Axel Adler Jr. said exchange net inflows had increased by about 18,000 BTC while spot ETFs saw net outflows of about 16,000 BTC, creating total selling pressure of around 34,000 BTC.

Glassnode analyst CryptoVizArt said daily ETF trading volume had dropped from over $50 billion in late 2025 to under $20 billion, suggesting weakening speculative demand. Derivatives indicators showed that the recent rebound was driven mainly by short covering, while Bitcoin open interest fell from about 268,000 contracts to 250,000.

Lei researcher said the daily funding rate has remained negative since February 2026, meaning short-position holders are still paying long-position holders. Analysts noted that although selling pressure shows signs of easing, fresh spot buying will be needed to absorb supply.

As diplomatic negotiations between the United States and Iran progressed, concerns over oil supply disruptions eased, sending oil prices down more than 6% on the 25th.

Brent crude fell below $100 per barrel for the first time in three weeks. Lower oil prices could ease inflationary pressure and support sentiment toward risk assets.

According to PANews, Ondo Finance said on X that founder Nathan Allman had passed away unexpectedly.

Ondo Finance said Ian De Bode, who has long served as president, will succeed him as CEO.

The company said Nathan's talent and drive helped build Ondo into what it is today, and that it would carry forward his legacy.

According to Odaily, BIT said its subsidiary Matrixport Technologies has received approval from the British Virgin Islands Financial Services Commission for a Category 2 investment business license under the Securities and Investment Business Act and registration as a virtual asset service provider.

With the approval, Matrixport Technologies can conduct regulated investment business such as arranging investment deals, as well as virtual asset-related business, under British Virgin Islands regulations.

BIT said the approval came after nearly three years of coordination and preparation with regulators and marks a key step in building a globally compliant digital asset platform.

According to Odaily, UK-listed The Smarter Web Company (SWC) purchased an additional 10 BTC.

Following the purchase, SWC's total Bitcoin holdings rose to 2,869 BTC, ranking it 27th among corporate Bitcoin holders, according to BitcoinTreasuries.net.