24-Hour Major Events in the Crypto Circle! 1-Minute Overview of Overnight Market Trends
1. Affected by Upbit's listing of the KRW trading pair, RAY briefly surged over 28%, currently reported at $2.4;
2. U.S. stock market close: three major indices fluctuated, Circle surged 34%, Coinbase rose 16%;
3. The Federal Reserve maintains its expectation for interest rate cuts this year, anticipating two cuts. The dot plot indicates expected cuts of 25 basis points in 2026 and 2027;
4. Powell: Inflation driven by tariffs is expected to rise in the coming months;
5. a16z: Official X account briefly hacked, involved tokens and related false content are not officially released;
6. Analysis: Pro-Israel hackers transferred over $80 million stolen from Iranian exchange Nobitex to a black hole address that cannot be recovered, this act is merely political mockery without profit motive;
7. The U.S. Senate passes the stablecoin bill — the "GENIUS Act," with further processes requiring House review and presidential signature to take effect;
8. Pudgy Penguins launches P2E game Pengu Clash on TON, with plans to release more games in 2025, the next game "Pudgy Party" will be released in August;
9. JD.com aggressively enters the stablecoin market, JD Coin Chain CEO: JD's global sales for Hong Kong and Macau will support users shopping with stablecoins;
10. X account suspended, a16z founder Shaw claims X demands a monthly payment of $50,000 corporate license fee to cease further actions, considering a lawsuit;
11. The "Microstrategy Effect" sweeps the U.S. stock market: 30 companies buy coins as reserves, average stock price skyrockets by 400%;
12. Another crypto company plans to go public, crypto economic firm FalconX plans to initiate an IPO in 2025 and has begun preliminary discussions.
