What happened last night in the crypto market?


• Bitcoin reached $70,000, approaching Strategy's average purchase price of $70,946.
• Brent continued its decline below $90, after a 23% drop from its recent high of $117.
• The trading volume of oil on Hyperliquid surged from $21 million to over $1.2 billion since the US–Israel/Iran conflict began.
• CFTC Chairman Michael Selig unveiled a multi-year plan to clarify crypto regulation and strengthen the United States' position in AI-related computing.
• The Department of Justice plans to retry Roman Storm, co-founder of Tornado Cash, for money laundering and sanctions violations.
• Donald Trump is considering taking control of the Strait of Hormuz to ensure access to major oil routes and called the rise in oil prices a “small price to pay.”
BTC3.6%
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