Josh R stated that cryptocurrency legislation is at a critical moment, with significant progress in market structure legislation, but ethical issues remain the main obstacle. （CoinDesk）

The market value of the US stock market increased by $1.1 trillion today. （Watcher.Guru）

The US President Trump administration plans to release 172 million barrels of strategic oil reserves to alleviate the soaring fuel prices caused by the Iran war. According to data from the US Department of Energy, the strategic oil reserves have dropped to about 340 million barrels, and there will be about 243 million barrels remaining after the completion of the reserve plan.

The US stock market closed on Monday, with the Dow Jones Industrial Average initially up 0.9%, the S&P 500 index up 1.66%, and the Nasdaq up 3.07%. SpaceX has risen nearly 20%, with a market value exceeding $2.5 trillion. Nvidia rose over 3%, while Oracle rose over 4%. The Nasdaq China Golden Dragon Index closed up 0.3%, while iQiyi rose nearly 2%.

According to the Bybit market, the three major US stock indices collectively closed higher, with the Dow Jones Industrial Average up 1.04%, the Nasdaq up 3.06%, and the S&P 500 index up 1.76%. Cryptocurrency concept stocks generally rose, with Coinbase up 6.07% and Robinhood up 5.68% within the day.