What happened on the crypto market last night?


• U.S. interest payments on public debt reached a record of $616 billion, with costs potentially exceeding $2 trillion per year by 2036.
• U.S. Treasury Secretary Scott Bessent called on Congress to pass the Crypto Clarity Act and stated that the government does not plan to introduce a central bank digital currency.
• Crypto trading firm FalconX filed confidentially with the SEC for an initial public offering.
• ICE founder and CEO, owner of the NYSE, met several times with the Hyperliquid team to explore potential collaborations.
• Polygon's CEO estimated that Solana needs to strengthen its presence in prediction markets and perpetuals, respectively dominated by Polymarket and Hyperliquid.
• Dell's stock surged 57% since May 8, after a $9.7 billion government contract.
• SEC Commissioner Hester Peirce defended crypto privacy tools, considering them a key infrastructure of the financial system.
HYPE9.82%
SOL0.09%
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