Overview of Important Overnight Developments
1. Hong Kong plans to launch a pilot program for virtual asset derivatives, initially focusing on BTC/ETH perpetual contracts.
2. The Democratic Party in the United States has proposed the COIN Act, aiming to prohibit the Trump family from participating in cryptocurrency.
3. Strategy increased its holdings by 4,980 bitcoins, bringing total holdings to over 597,000 bitcoins.
4. The probability of a Federal Reserve rate cut in July has risen to 25%, with Powell emphasizing that decisions are “entirely data-driven.”
5. Vitalik Buterin announced the key Ethereum technologies for 2025: single-block finality and stateless design.
