Overview of Important Overnight Developments
1. The U.S. House of Representatives passed the "Genius Act," establishing a regulatory framework for stablecoins, which has been sent to the president for signing.
2. Hong Kong's first Bitcoin ETF is listed today, expanding compliant investment channels in Asia.
3. Trump plans to allow retirement funds to invest in cryptocurrencies, which could impact a $9 trillion market.
4. BlackRock's crypto ETF inflows surged by 366%, with institutional demand reaching an all-time high.
5. The Bitcoin quantum security proposal has sparked controversy, potentially freezing a million BTC belonging to Satoshi Nakamoto.
6. The UK is advancing a digital securities sandbox, incorporating stablecoins into its financial innovation strategy.
7. Mastercard: 90% of stablecoin transactions are limited to the crypto ecosystem, hindering payment applications.
8. Global anti-money laundering organizations warn of risks associated with crypto assets and strengthen multinational intelligence cooperation.
