[Midnight News Brief] Tennessee announces a complete ban on cryptocurrency ATMs and others

BSTR and BTC holdings to expand to over 43k

BSTR told Bloomberg that it plans to increase its Bitcoin (BTC) holdings to over 43k in the near future.

According to sources, BSTR is preparing to purchase an additional billions of dollars worth of Bitcoin. Given the potential continued demand from large-scale enterprises, this is seen as a positive signal for the Bitcoin market.

This announcement comes amid ongoing trends of companies treating Bitcoin as a strategic financial asset.

U.S. Bitcoin Spot ETF sees nine consecutive days of net inflows

According to Odaily, the U.S. Bitcoin spot ETF recorded a total net inflow of $14.4489 million on April 24 (Eastern Time), maintaining inflows for nine consecutive trading days.

The product with the largest net inflow on that day was BlackRock’s IBIT, with $43k. Next was MSBT, with $11.1294 million.

In contrast, the product with the largest net outflow was Ark Invest and 21Shares’ ARKB, with $43k.

Currently, the total net asset value of Bitcoin spot ETFs is $22.88M. ETF net assets account for 6.6% of Bitcoin’s total market cap, with a cumulative net inflow of $9.02M.

Funds flowing into Bitcoin spot ETFs are viewed as indicators of institutional investment demand. As recent funds continue to flow in, market attention to Bitcoin’s supply and demand dynamics is increasing.

U.S. Ethereum spot ETF sees $23.38 million in single-day net inflows

According to Odaily, on April 24 (Eastern Time), the total net inflow of Ethereum spot ETFs in the U.S. was $23.380807 million.

The product with the highest net inflow that day was BlackRock’s ETHB, with $32.252 million. ETHB’s cumulative net inflow also reached $32.252 million.

Meanwhile, BlackRock’s ETHA recorded a net outflow of $32.25M, making it the largest outflow of the day. ETHA’s cumulative net outflow is $28.6641 million.

The current net total assets of Ethereum spot ETFs amount to $32.25M, representing 4.91% of Ethereum’s market cap. The total net inflow is $7.71M.

U.S. XRP spot ETF sees $6.43 million in single-day net inflows

The U.S. XRP spot ETF recorded a net inflow of $6.4382 million in one day. This inflow was solely from the Bitwise XRP ETF.

According to PANews on the 25th, based on SoSoValue data, as of April 24 (Eastern Time), the total net inflow of the U.S. XRP spot ETF was $6.4382 million. Only the Bitwise XRP ETF recorded net inflows, with a total net inflow of $426 million.

As of the report, the total net asset value of XRP spot ETFs was $13.79B, with a net asset ratio of 1.23%, and a total net inflow of $12.1B.

Recent fund inflows into U.S. altcoin spot ETFs are being watched as indicators of market demand.

Purrlend loses $1.52 million due to MegaETH and HyperEVM attacks

According to Odaily, lending protocol Purrlend was attacked on the MegaETH and HyperEVM networks, resulting in losses of approximately $1.52 million.

The attacker stole about $1 million worth of assets from the HyperEVM network, including 449,683 USDC, 214,125 USDT0, 194,745 USDH, and some UBTC, wstHYPE, UETH, kHYPE, and WHYPE.

Additionally, about $324k worth of assets (including USDT0, WETH, USDm, etc.) were transferred out on the MegaETH network. Purrlend has paused the protocol for investigation, and attacker addresses have been identified on block explorers for both networks.

Aave DAO proposes to allocate 25k ETH to support Kelp rsETH recovery efforts

Aave DAO has proposed a plan to allocate 25k ETH to participate in the ongoing recovery work following the Kelp rsETH bridge incident.

According to Wu Blockchain, the proposal involves joining DeFi United’s recovery efforts, primarily by allocating 25k ETH from the Aave DAO treasury as a fixed contribution.

The initial gap caused by the April 18 Kelp rsETH bridge incident was approximately 163,183 ETH. After considering asset freezes and expected recoveries, the gap has been reduced to about 75,081 ETH.

So far, support commitments of around 14,570 ETH have been received, and Mantle has provided a credit line of up to 30k ETH. If additional donations are received, they will be prioritized for repaying Mantle’s loan.

This move aims to restore trust in the rsETH ecosystem and is part of a collective effort within the DeFi industry.

Grayscale stakes 102.4k ETH via Ethereum mini trust

It is reported that Grayscale has staked approximately 102,400 ETH, worth about $237 million, through its Ethereum mini trust in the past 10 hours.

On the 25th, PANews cited Lookonchain’s monitoring reports, interpreting this staking as an expansion of Grayscale’s management of Ethereum-related assets.

White House says investigation into Chair Powell is ongoing

According to Odaily, the White House stated that the investigation into Federal Reserve Chair Jerome Powell is still ongoing.

The White House indicated that issues related to the Fed are not necessarily being dismissed, implying ongoing uncertainty surrounding Chairman Powell’s role in monetary policy.

The investigation and pressure on the Fed Chair could raise concerns about interest rate paths and policy independence, which may also exert pressure on major virtual assets like Bitcoin and Ethereum.

Tennessee bans cryptocurrency ATMs statewide

Tennessee has enacted a statewide ban on the operation of cryptocurrency ATMs.

According to Odaily, Tennessee Governor Bill Lee signed the relevant bill (HB 2505), making Tennessee the second U.S. state after Indiana to implement a comprehensive ban.

The law will take effect on July 1. Under the bill, installing or operating Bitcoin ATMs classified as “virtual currency self-service terminals” will be considered a Class A misdemeanor, punishable by up to one year in jail and a $2,500 fine. Stores that install such devices will also face legal liabilities.

Previously, several U.S. states had strengthened regulation of crypto ATMs through licensing requirements and transaction limits. However, a full ban is rare and is seen as a move to further crack down on fraud risks associated with crypto ATMs.

AWS Marketplace integrates Chainlink services

AWS Marketplace has integrated Chainlink’s data feeds, data streams, and proof of reserve services. Developers can now connect AWS’s computing, storage, database, and API capabilities with blockchain smart contracts.

According to PANews citing The Block, AWS states that Chainlink’s oracle infrastructure provides a secure, bidirectional connection between AWS resources and on-chain smart contracts. This allows institutions to develop tokenized asset and smart contract applications within their familiar AWS environment.

This release broadens the existing connection points between cloud infrastructure and blockchain infrastructure. Previously, Chainlink had expanded its application scope in the field of data interoperability between traditional financial institutions and blockchains.