[News Brief] Apr 22, morning | Trump Administration Optimistic About Passing Bitcoin and Crypto Clarity Bill by July 4

The Trump administration has expressed optimism about the possibility of passing a Bitcoin and cryptocurrency clarity bill by July 4.

According to @pete_rizzo_, a White House official said, “We are making major progress every day,” adding, “We remain optimistic that we can meet that timeline.”

The remarks come as discussions continue in the United States over establishing a clearer regulatory framework for cryptocurrencies. If the bill passes, markets are likely to focus on reduced regulatory uncertainty and faster institutional adoption.

According to SoSoValue data, U.S. spot Bitcoin ETFs recorded net inflows of $85.8498 million on the 12th (U.S. Eastern Time).

The product with the largest inflow was BlackRock’s IBIT, which saw daily net inflows of $57.6944 million. IBIT’s cumulative net inflows reached $62.114 billion.

Fidelity’s FBTC recorded net inflows of $18.0047 million. FBTC’s cumulative net inflows totaled $10.448 billion.

The total net assets of spot Bitcoin ETFs stood at $79.65 billion, accounting for 6.26% of Bitcoin’s total market capitalization. Cumulative net inflows were $53.625 billion.

According to Odaily, SpaceX disclosed in an S-1 IPO filing submitted to the U.S. Securities and Exchange Commission (SEC) that it holds 18,712 BTC.

Based on a Bitcoin price of approximately $63,000 per coin, the holdings are worth around $1.18 billion. According to BitcoinTreasuries, SpaceX ranks as the world’s eighth-largest publicly disclosed corporate Bitcoin holder.

Tesla, also led by Elon Musk, holds 11,509 BTC, bringing the combined holdings of SpaceX and Tesla to 30,221 BTC. SpaceX’s average purchase price is reportedly around $35,000 per Bitcoin.

Source: Wu Blockchain. Quantstamp said that its investigation into the June 8 security incident involving Humanity Protocol’s H token found that the attack method and certificate signing patterns were similar to those associated with North Korean-linked hacking groups.

According to the report, the attacker gained remote access to an executive’s device through a phishing attack, then copied wallet data and private keys. The attacker later upgraded the Ethereum-based H token contract and moved approximately 141.18 million H tokens.

The attacker is also believed to have seized control of the ProxyAdmin contract on BNB Smart Chain and minted additional H tokens. The investigation was commissioned and disclosed by Humanity Protocol through Quantstamp.

A U.S. federal appeals court has upheld Sam Bankman-Fried’s 2023 fraud conviction, according to Odaily.

A panel of judges on the U.S. Court of Appeals for the Second Circuit in Manhattan rejected his claims that the platform had been adequately collateralized and that customers had been fully repaid.

Sam Bankman-Fried was sentenced to 25 years in prison on conspiracy and fraud charges. He had previously sought a presidential pardon, but the U.S. president said in January that there were no plans to pardon the FTX founder.

Brazil’s Chamber of Deputies Committee on Finance and Taxation has approved a bill allowing the freezing of cryptocurrency balances belonging to individuals under investigation for cyber fraud, according to PANews citing Livecoins.

The bill strengthens penalties for cybercrimes committed through social media, phone calls, and other channels, and raises prison sentences for convicted cyberattacks from 4–8 years to 6–10 years. Judges would be allowed to order the freezing of assets in crypto exchange and bank accounts, physical assets, and restrictions on the use of payment systems.

The bill will next be reviewed by the Constitution and Justice Committee of Brazil’s lower house before final approval.

Zimbabwe has introduced a registration system for cryptocurrency service providers and will charge an annual registration fee of $500.

According to Reuters, Zimbabwean Finance Minister Mthuli Ncube said that all businesses involved in the buying, transfer, or custody of cryptocurrencies must register annually with the Financial Intelligence Unit, the anti-money laundering body under the central bank.

Operating without registration will be considered illegal. The new rule marks Zimbabwe’s first dedicated regulatory framework for the crypto market after years without a specific legal structure.

Zimbabwe banned financial institutions from participating in cryptocurrency transactions in 2018, but persistent inflation and repeated currency reforms have increased demand for Bitcoin and other digital assets, as well as cross-border remittances.

Coinbase has introduced a new feature enabling AI agents to spend, monetize, and trade Bitcoin, according to @pete_rizzo_.

The feature appears to focus on allowing AI agents to directly use cryptocurrencies for payments and trading. Major exchanges have previously been strengthening infrastructure for automated payments and expanded on-chain utility.

According to SoSoValue data, spot Ethereum ETFs saw net outflows of $4.9452 million on the 12th (U.S. Eastern Time), extending the streak of outflows to four consecutive trading days.

Odaily reported that the largest outflow came from BlackRock’s ETHA at $4.53 million. Fidelity’s FETH also saw outflows of $415,200.

Spot Ethereum ETFs currently hold total net assets of $9.155 billion, with cumulative net inflows of $11.186 billion. ETF net assets account for 4.56% of Ethereum’s total market capitalization.

Standard Chartered said the bottom of Bitcoin’s bear market was formed at $59,000.

According to Bitcoin Magazine, Standard Chartered stated, “Winter is over. Crypto spring has returned.” The remark is being interpreted as an optimistic institutional outlook on Bitcoin’s medium-term trajectory.