Cryptoast

What happened on the crypto market last night?
• The S&P 500 reached a historic high of 7,200 points
• Over $6 trillion was added to the U.S. stock market this month
• The U.S. national debt surpassed the size of the GDP for the first time since World War II
• Apple announced $111.2 billion in revenue for the first quarter, beating expectations
• U.S. Secretary of War Pete Hegseth reaffirmed his support for Bitcoin and mentioned secret operations against China
• Senator Tim Scott stated that the CLARITY Act should reach the president’s desk this summer
• The U.S. recorded 2.0% economic growth

🔴 Nikita Bier, product manager at X, reveals that the most muted topics since the launch of the "snooze" feature are crypto, followed by politics and the conflict in Iran.

What happened on the crypto market last night?
• $545.1 million was liquidated in the past 24 hours, including $348.0 million in long positions and $197.1 million in short positions
• Peter Schiff warned that rate cuts and QE could reignite inflation and push the economy toward recession
• B2B payments with stablecoins amount to about $226 billion per year, nearly 60% of the total volume
• Eric Trump stated that Bitcoin is a "better gold," more fungible, portable, and equipped with an ecosystem, while calling for easier crypto adoption
• Tether proposed merging Strike and Twenty-One Capital be