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What happened last night in the crypto market?
• Bitcoin continued its decline to $88,000, while Bitcoin ETFs recorded a net outflow of $479.7 million yesterday.
• The fear and greed index dropped again to 24, signaling extreme fear in the market.
• Gold reached $4,845 per ounce, surpassing the previous threshold of $4,800.
• Solana hit a new staking high with $60 billion securing the network.
• Galaxy, led by Mike Novogratz, announced the imminent launch of a $100 million crypto hedge fund.
• Grayscale filed an S-1 form with the SEC for the launch of a NEAR ETF.
• Chainlink launched onchain US stock market data feeds available 24/7.
• Michael Selig indicated that Congress is close to passing legislation regulating the crypto market structure.
• Polymarket will collaborate with DAZN to display real-time prediction analyses during sports broadcasts.
• Steak 'n Shake announced an hourly Bitcoin bonus of $0.21 for its employees.
• Donald Trump stated that the United States will no longer have a trade deficit next year thanks to new tariffs.