Cryptoast

In a particularly alarming statement, Donald Trump declared: "An entire civilization will die tonight, never to return. I don't want this to happen, but it will probably occur." This statement comes as tensions around the Strait of Hormuz continue to escalate.

What happened last night in the crypto market?
• The United States' M2 money supply reached a record high of $22.7 trillion
• The SEC is preparing a "safe harbor" framework proposal for cryptocurrencies, currently under review by the White House
• Solana Foundation launched STRIDE and SIRN to enhance the security of its ecosystem
• Phantom reported a temporary wallet outage affecting the display of cryptocurrency prices and balances
• Argentine President Milei reportedly called the creator of the crypto $LIBRA seven times during its launch night

🔴 Here are the countries with the highest Bitcoin hashrate according to Hashrate Index:
1) United States — 37.4% (~375 EH/s)
2) Russia — 16.9% (~170 EH/s)
3) China — 12.0% (~120 EH/s)
4) Paraguay — 4.3% (~43 EH/s)
5) United Arab Emirates — 3.0% (~30 EH/s)
6) Oman — 3.0% (~30 EH/s)
7) Canada — 2.6% (~26 EH/s)
8) Ethiopia — 2.5% (~25 EH/s)
9) Kazakhstan — 1.8% (~18 EH/s)
10) Indonesia — 1.8% (~18 EH/s)

🔴 Justin Bieber bought this Bored Ape NFT for 1.3 million dollars in 2022. It is now only worth 12,000 dollars.

🔴 Russia has introduced a bill requiring residents to report all their foreign crypto wallets to tax authorities starting July 1, 2026.

🔴 Peter Schiff calls Bitcoin a "shitcoin" and challenges Michael Saylor to a debate.

🔴 Bitcoin surpasses $70,000 and €60,000.