What happened last night on the crypto market?

• President Trump has officially ended the war waged by the Biden administration against the cryptocurrency industry.

• About 730 billion dollars were wiped out of the US stock market yesterday.

• Bitcoin dropped by 12%, much more than the S&P 500 (-1.6%), signaling a possible oversold situation according to Cointelegraph.

• Grant Cardone purchased 900 bitcoins for 90 million dollars

• CryptoQuant anticipates a possible pullback of Bitcoin to 72,000 dollars by the end of the year if the 100,000 dollar threshold is not breached.

• Arthur Hayes claims that the Fed could quietly resume monetary printing to finance the U.S. debt, which would support BTC

• Franklin Templeton has updated its S-1 filing for the XRP ETF, aiming for a launch this month.

• The Japanese stock market opened down 4.5%, driven by the decline in global technology stocks.

• Marathon Digital transferred 2,348 bitcoins, worth 236 million dollars, to FalconX, TwoPrime, Galaxy Digital, and Coinbase Prime.

• Senator Cynthia Lummis describes the structure of the crypto market as "the most important legislation in the history of the United States regarding digital assets"

• A Coinbase executive criticizes the banking sector's resistance to its request for a national trust charter.

• China has suspended the 24% tariff on American goods.