JUST IN: $110,000,000 worth of shorts liquidated from the crypto market in the past 10 minutes.

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JUST IN: $86,000 Bitcoin

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JUST IN: 🇺🇸 SEC Chair Paul Atkins says the crypto market grew from a "niche curiosity into a multi-trillion-dollar asset class."

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JUST IN: 🇺🇸 SEC proposes new crypto custody framework for investment advisers and regulated funds.

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JUST IN: 🇷🇺 Russian President Putin says there is no stopping the technological progress of AI.

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JUST IN: 🇺🇸 President Trump says inflation is "totally under control."

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JUST IN: 🇺🇸 Congress considers expanding crypto rules to allow banks and credit unions to hold digital assets, issue stablecoins, and use blockchain.

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JUST IN: 🇨🇳 China suspends fuel exports until further notice.

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JUST IN: 🇺🇸 US mortgage rates surge to highest level since 2023.

• The average 30-year fixed mortgage rate has risen to 7.6%, the highest level since 2023, making homeownership very expensive for buyers.

• The 10-year Treasury yield surged to its highest level since 2002 after recording its largest quarterly increase since 1994.

• The 30-year Treasury yield also increased to 5.69% as investors continued selling US government bonds.

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JUST IN: 🇺🇸 Illinois postpones plans to tax crypto transactions regardless of profit or loss.

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JUST IN: 🇺🇸 $2.8 trillion Citi predicts Bitcoin will reach $113,000 by next year.

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JUST IN: 🇺🇸🇫🇷🇩🇪 US threatens to impose export ban on France and Germany if they do not release emergency diesel reserves, Reuters reports.

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JUST IN: 🇪🇺 European Union regulators say they need more powers to police crypto.

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JUST IN: MetaMask says it's responding to a security incident affecting part of its infrastructure.

MetaMask says there is "no immediate threat" to wallets at this time.

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