[News Brief] Apr 22, morning | U.S. Republican Senator Pushes to Get Crypto Market Structure Bill Signed Before July 4

U.S. Republican Senator Pushes to Get Crypto Market Structure Bill Signed Before July 4

Republican Senator Bernie Moreno said he plans to move a crypto market structure bill through markup next week, send it to President Trump by the end of June, and seek a signature before July 4.

According to Bitcoin Magazine, Moreno made the remarks while emphasizing the need to quickly establish a clearer regulatory framework for the U.S. crypto market.

The market structure bill is centered on clarifying supervisory authority over cryptocurrencies, trading rules, and the regulatory framework for service providers. If the bill advances quickly, expectations could rise for the broader institutional integration of digital assets in the United States.

Spot Bitcoin ETFs Record Net Inflows for a Fourth Straight Trading Day

According to PANews, U.S. spot Bitcoin ETFs posted total net inflows of $467 million on May 5 U.S. Eastern Time, marking a fourth consecutive trading day of inflows.

The largest inflow came from BlackRock's IBIT, which recorded $251 million. Fidelity's FBTC also saw inflows of $133 million.

Meanwhile, Grayscale's GBTC posted net outflows of $18,396,700. As of the time of reporting, the total net asset value of spot Bitcoin ETFs stood at $108.981 billion, with cumulative net inflows reaching $59.717 billion.

The latest inflow trend is being interpreted as a sign that institutional capital is once again moving into spot Bitcoin ETFs.

Morgan Stanley Plans to Launch Spot Crypto Trading on Wealth Management Platform in H2

According to PANews, citing Cointelegraph, Morgan Stanley plans to begin offering spot cryptocurrency trading on its wealth management platform in the second half of this year.

The firm also intends to expand integrated access to tokenized assets and crypto exchange-traded funds (ETFs).

If implemented, the move could significantly broaden access to spot crypto investing through a major traditional finance wealth management channel.

Solana Foundation and Google Cloud Launch Pay.sh, a Stablecoin Payment Service for AI Agents

The Solana Foundation, in collaboration with Google Cloud, has launched Pay.sh, a stablecoin payment service designed for AI agents. The key feature is that AI agents can pay for Google Cloud and community API usage on demand using Solana-based stablecoins.

According to a May 6 PANews report citing Decrypt, Pay.sh was designed to enable payment per API call without requiring traditional account registration or subscriptions. Through this model, the Solana Foundation and Google Cloud aim to connect AI agents with backend services and support a more flexible machine-to-machine payment environment.

The service operates through API agents running on Google Cloud Platform and uses the x402 protocol, an open AI payment standard developed by Coinbase and now maintained by the Linux Foundation. It also supports a machine payment protocol developed by Tempo and Stripe.

As a result, AI agents can access services such as Google Cloud, Gemini, Anthropic Claude Code, and OpenAI Codex for only a few cents per API call. It can also be used to access blockchain infrastructure and data services including Helius, Alchemy, Dune Analytics, and Nansen.

The industry has already been paying close attention to the idea of AI agents directly paying for services as a new source of demand. Through Pay.sh, the Solana Foundation and Google Cloud aim to provide enterprise developers with programmable payment models that are difficult to implement through legacy payment networks.

Anchorage Digital Plans 'Cashless' Stablecoin Reserve Model on Solana

Anchorage Digital, a federally chartered U.S. digital asset bank, plans to launch a 'cashless' stablecoin reserve model on the Solana blockchain, according to PANews.

The model is designed to hold reserve assets in low-risk tokenized products that can generate yield, while still maintaining immediate liquidity to meet redemption demand. The core idea is to reduce the burden of holding fixed cash reserves while improving capital efficiency and security for institutional issuers.

Anchorage Digital plans to issue and manage stablecoins on behalf of institutional partners and is also exploring potential tokenization solutions with J.P. Morgan Asset Management to support the liquidity framework.

The plan is seen as part of the broader trend of improving institutional stablecoin infrastructure, with growing attention on the potential expansion of Solana-based real-world asset tokenization and payment use cases.

State Street and Galaxy Launch On-Chain Liquidity Fund SWEEP

State Street and Galaxy have launched SWEEP, an on-chain liquidity fund. The product allows investors to convert stablecoins into yield-bearing tokenized assets for 24/7 on-chain cash management.

According to Odaily, SWEEP will initially operate on Solana, with future expansion planned for Stellar and Ethereum. Infrastructure such as Chainlink will also be integrated.

The fund is aimed at eligible investors and is designed to provide U.S. Treasury-like yield through an on-chain structure, similar to BlackRock's BUIDL. It is viewed as part of the ongoing trend of combining traditional asset management with blockchain technology.

Spot Ethereum ETFs Record Net Inflows for a Third Straight Trading Day

According to PANews, spot Ethereum ETFs recorded total net inflows of $97,572,800 on May 5 U.S. Eastern Time, extending their streak of inflows to three consecutive trading days.

The fund with the largest daily net inflow was BlackRock's ETHA, which brought in $69.485 million. Fidelity's FETH also recorded net inflows of $24.234 million.

As of the time of reporting, the total net asset value of spot Ethereum ETFs stood at $14.154 billion. The ETF net asset ratio accounted for 4.92% of Ethereum's total market capitalization, while cumulative net inflows reached $12.175 billion.

As capital continues to flow into spot Ethereum ETFs, the market is closely watching whether institutional demand is recovering.

U.S. CFTC Reviews Rules to Protect Non-Custodial Software Developers

The U.S. Commodity Futures Trading Commission (CFTC) is reviewing potential rules to strengthen protections for non-custodial software developers.

According to panewslab.com, CFTC Commissioner Michael Selig said the agency is considering formally incorporating protections for non-custodial software developers into its regulations.

Previously, in March, the CFTC issued a no-action letter to crypto wallet provider Phantom, stating that qualified self-custodial wallet software developers do not need to register as brokers. Commissioner Selig said the goal is to formalize that policy in more specific rules.

Selig also reiterated that prediction markets fall under the CFTC's exclusive jurisdiction and said the agency would sue state governments that infringe on federal authority.

The CFTC previously filed related lawsuits against Wisconsin, Illinois, Arizona, Connecticut, and New York.

High-Severity Bitcoin Core Vulnerability Disclosed; Roughly 43% of Nodes Estimated to Be Running Older Versions

According to panewslab.com, a high-severity Bitcoin Core vulnerability (CVE-2024-52911) has been disclosed. The vulnerability affects versions 0.14.1 through 28.4 and could allow a miner who produces a specially crafted block to remotely crash other users' nodes or execute code.

The vulnerability was discovered by Cory Fields in November 2024 and responsibly disclosed. A fix was merged in December 2024 and included in version 29, which was released in April 2025. However, because node upgrades are voluntary, an estimated 43% of nodes are still using vulnerable older versions.

That said, actual exploitation is considered costly. An attacker would need to devote significant computing power to mining an invalid block that yields no block reward, so the outlet said real-world abuse is likely to remain limited.

The last vulnerable version branch, 28.x, reached end of support on April 19, 2026.

Solana Co-Founder Says Core Upgrade 'Alpenglow' Could Launch as Early as Next Quarter

Solana co-founder Anatoly Yakovenko said the network's core upgrade, Alpenglow, could be released as early as next quarter.

On May 6, PANews, citing CoinDesk, reported that Yakovenko said at Consensus Miami 2026 that Alpenglow is expected to debut sometime this year, possibly as early as next quarter.

Alpenglow is focused on bringing transaction confirmation speed close to physical limits, improving network speed, reliability, and transaction finality.

Yakovenko said the upgrade would mark Solana's transition beyond its early innovation phase into a more mature stage that prioritizes performance guarantees and reliability.

The upgrade is being viewed as an important change for latency-sensitive applications such as financial services, where Solana's utility could increase significantly.