Bitcoin has crashed below seventy thousand dollars for the first time since November twenty twenty-four, triggering over seven hundred million dollars in liquidations and sending shockwaves through crypto markets. In this episode, we cover the deepening market correction, institutional positioning shifts, Vitalik Buterin's major critique of Ethereum Layer Two networks, regulatory developments including the CFTC's reversal on prediction markets, and the Trump administration's crypto entanglements that threaten the CLARITY Act timeline. Plus, we examine Nomura's defense of its crypto strategy, TRM Labs hitting unicorn status, and critical on-chain metrics suggesting where the bottom may be.