China will ban the online marketing of virtual currency issuance and trading starting in 2026.
Eight departments, including the People's Bank of China, have issued regulations prohibiting online marketing services related to the issuance and trading of virtual currencies. These measures will take effect on September 30, 2026.
According to PANewsLab on the 24th, Chinese authorities have systematically regulated online marketing activities for financial products through the jointly issued "Administrative Measures for Online Marketing of Financial Products." The regulations stipulate that only licensed financial institutions and their self-operated platforms, as well as authorized third-party internet platforms, are permitted to conduct online marketing of financial products.
Furthermore, providing online marketing services for illegal financial activities such as illegal fundraising, virtual currency issuance and trading, and illegal foreign exchange margin trading is prohibited. The regulations also include specific requirements regarding the authenticity of marketing content, risk warnings, algorithmic recommendations, pop-up ads, account names and trademark usage, cooperation methods, and data and personal information protection.
Chinese authorities have also clarified the regulatory responsibilities and penalty sharing among financial management, internet supervision, telecommunications, and market supervision departments. China has previously maintained a high level of regulation over virtual asset trading; this measure is interpreted as expanding control to online promotional channels.
US Bitcoin spot ETFs saw net inflows of $223 million on April 23.
The U.S. Bitcoin spot ETF recorded a net inflow of $223 million as of April 23 (Eastern Time), continuing a seven-day streak of net inflows.
According to Odaily, the product with the largest net inflow that day was BlackRock's IBIT, with an inflow of $167 million. This was followed by ARK Invest and 21Shares' ARKB, with net inflows of $71.22 million each.
In contrast, Fidelity's FBTC saw a net outflow of $16.92 million.
Currently, the total net assets of Bitcoin spot ETFs are $102.793 billion. ETF net assets represent 6.59% of Bitcoin's total market capitalization, with a cumulative net inflow of $58.213 billion.
Recently, institutional funds have continued to flow into Bitcoin spot ETFs. The market views the sustainability of this net inflow, dominated by large asset management companies, as a major variable affecting Bitcoin's supply and demand.
US spot Bitcoin ETFs saw net inflows this year.
According to Odaily, inflows into US spot Bitcoin ETFs have turned net inflows this year. Data compiled by Bloomberg shows that spot Bitcoin ETF inflows have returned to positive territory after several months across all periods.
The head of ETF business at BNY Mellon stated that Bitcoin ETF inflows have generally returned to net inflow territory. Previously, there had been outflows due to weak Bitcoin prices and macroeconomic uncertainty, but the scale of these outflows was limited.
Currently, the average daily net inflow into the 12 spot Bitcoin ETFs is approximately $335 million, with a cumulative net inflow of over $2.1 billion this month. Year-to-date, the cumulative net inflow is approximately $1.8 billion.
BlackRock's IBIT has recently attracted approximately $246 million in funds daily, accounting for the largest share. Monthly inflows have also reached $1.9 billion. In contrast, Grayscale's GBTC has continued to experience some fund outflows.
Abraxas Capital deposited 4,835 BTC into Kraken within one hour.
According to Odaily, on-chain analytics account Lookonchain reported that Abraxas Capital deposited 4,835 BTC into Kraken in the past hour, worth approximately $378 million.
At the same time, the institution also deposited 6,000 XAUT tokens with Binance, Bybit, OKX, and Bitfinex, worth approximately $28 million.
Large-scale deposits of assets into exchanges are often interpreted as a signal of increased potential selling pressure, and are thus viewed as a burden factor affecting Bitcoin's supply and demand.
The White House reports that Trump will speak at a cryptocurrency conference in Florida on Saturday.
The White House says President Trump plans to speak at a cryptocurrency conference in Florida on Saturday.
On the 24th, PANews cited data from Jinshi Data to report on this. With the schedule of the US President personally speaking at a cryptocurrency-related event being made public, the market is focusing on future policy signals.
President Trump has previously expressed a friendly stance towards digital assets, and whether his speech will include remarks related to regulation and industry development is attracting much attention.
The U.S. Department of Justice's criminal investigation into Federal Reserve Chairman Jerome Powell is expected to conclude on Friday.
According to ABC News, the U.S. Department of Justice is expected to conclude its criminal investigation into Federal Reserve Chairman Jerome Powell as early as Friday.
Multiple sources familiar with the matter revealed the above information. The conclusion of the investigation may partially alleviate the uncertainty surrounding the Federal Reserve and monetary policy.
The report comes as financial and virtual asset markets are reacting sensitively to the path of U.S. interest rates and variables related to the leadership of the Federal Reserve.
Israel is "ready to restart war with Iran, awaiting only US approval."
Israel has stated that it is ready to resume war with Iran, pending only US approval.
According to Odaily, Israeli Defense Minister Katz stated after a meeting assessing the situation on the 23rd that Israel is ready to resume war with Iran. He said, "Now we are just waiting for the green light from the United States."
These remarks suggest a potential escalation of military tensions in the Middle East. Increased geopolitical risks typically weaken global risk appetite and could also exacerbate short-term volatility in the cryptocurrency market.
The IEA states that "the Middle East wars and the blockade of the Strait of Hormuz are the greatest energy security threats in history."
The International Energy Agency (IEA) stated that the Middle East wars and the blockade of the Strait of Hormuz represent the greatest energy security threats the world has ever faced.
According to CNBC, IEA Executive Director Fatih Birol stated that the Middle East wars and the closure of the Strait of Hormuz have maximized the instability of the global energy supply chain. He warned that this event could have a significant impact on the global energy market as a whole.
The Strait of Hormuz is considered a crucial passage for global crude oil and liquefied natural gas transport. These remarks come amid growing concerns that escalating geopolitical tensions in the Middle East could lead to soaring energy prices and supply disruptions.
The US Ethereum spot ETF saw a net outflow of $75.936 million.
According to Odaily, on the 23rd (Eastern Time), the Ethereum spot ETF saw a net outflow of $75.936 million. This ended a 10-day streak of net inflows.
The product with the largest net inflow that day was the Grayscale Ethereum Mini Trust ETF (ETH), with an inflow of $19.7581 million. The product with the largest net outflow was Fidelity FETH, with an outflow of $51.2987 million.
As of now, Grayscale's ETH has seen a cumulative net inflow of $1.926 billion, and Fidelity's FETH has seen a cumulative net inflow of $2.341 billion. The total net assets of the Ethereum spot ETF are $13.713 billion, representing 4.89% of Ethereum's market capitalization. The cumulative net inflow has reached $11.979 billion.
Cynthia Loomis: "The US Congress will form bipartisan support for the virtual asset market structure bill."
U.S. Senator Cynthia Loomis stated that bipartisan support has emerged within Congress to advance a bill that would structure the virtual asset market.
According to @WatcherGuru, Representative Loomis stated that Congress is receiving bipartisan support in pushing for legislation on the structure of the virtual asset market.
Market structure legislation typically includes provisions to further clarify regulatory authority over virtual assets, trading rules, and operator registration frameworks. If the legislation progresses, market expectations for a reduction in domestic regulatory uncertainty in the United States may rise.
