Outside the crypto space, the Federal Reserve is in a rate hike cycle. Within the crypto space, major exchanges are also raising interest rates and offering wealth management products, but no one is buying cryptocurrencies. Outside the crypto space, Bitcoin ETFs have seen a net outflow of 2.347 billion since November. Within the crypto space, the supply of stablecoins has decreased by approximately 16.05 billion over 30 days. Outside the crypto space, Anthropic's largest IPO in history is expected to withdraw hundreds of billions of dollars. Within the crypto space, Binance was hacked and tens of billions of dollars were withdrawn.