What happened last night in the crypto market?

• Bitcoin experienced high volatility, now reaching $83,000 after falling below $64,000 yesterday.
• $615 million was liquidated in the cryptocurrency market within 24 hours.
• Over $700 billion was wiped out from U.S. stock markets yesterday.
• Step Finance, known as "the homepage of Solana," shut down after a $26 million exploit.
• Spot SOL ETFs recorded net inflows of $7.99 million, while spot BTC and ETH ETFs saw outflows of $203.82 million and $49.48 million respectively.
• Strategy faces an unrealized loss estimated at $9.5 billion on its Bitcoin investment.
• Gold surpassed the US dollar and is now the leading global reserve asset.
• The SEC granted a waiver to the WisdomTree Treasury Money Market Digital Fund, allowing shares to be traded at $1 throughout the day.
• The Federal Reserve is seeking comments on eliminating reputational risk in banking supervision.
• According to Bloomberg, Coinbase's stablecoin-related revenue could be multiplied by seven with the Genius Act, unless the bill blocks yield payments.
• Coinbase CEO Brian Armstrong stated that Bitcoin is an inflation-resistant asset and a path to economic freedom.
• World Liberty, a movement supported by Trump, confirmed that the incident involving USD1 was solely an unauthorized access to the X accounts of its co-founders.
• Terraform filed a lawsuit against Jane Street for insider trading after withdrawals before the crash.
• U.S. mortgage rates fell below 6% for the first time since 2022.
• Exactly 16 years ago today, Satoshi Nakamoto unveiled the iconic Bitcoin logo.