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What happened last night in the crypto market?
• The Crypto Fear and Greed Index dropped to 16, indicating extreme fear as Bitcoin now exceeds $72,000.
• Bittensor's TAO cryptocurrency fell more than 20% following Covenant AI's withdrawal.
• Morgan Stanley bought 444 BTC on the first day of its Bitcoin ETF launch.
• Scott Bessent and Jerome Powell urgently summoned Wall Street executives to discuss the risks of the Mythos model developed by Anthropic.
• Coinbase CEO Brian Armstrong called for the adoption of the "Clarity Act" on cryptocurrencies and thanked senators for their bipartisan work.
• The White House warned its staff against betting on prediction markets related to the Iran war.