Cryptocurrency 24-hour news! A quick 1-minute look at overnight market trends

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1. Affected by the Upbit Korean Won trading pair, RAY briefly rose over 28%, currently reporting at $2.4;

2. US Stock Closing: Three major stock indexes mixed, Circle surged 34%, Coinbase rose 16%;

3. Federal Reserve maintains interest rate cut expectations for this year, anticipating 2 cuts. The dot plot shows expected 25 basis point cuts in 2026 and 2027;

4. Powell: Expects tariff-driven inflation increase in the coming months;

5. a16z: Official X account temporarily hacked, all involved tokens and related false content are not officially released;

6. Analysis: Pro-Israel hackers transferred over $80 million from Iranian exchange Nobitex to a black hole address, unrecoverable, with the act being a political taunt rather than for profit;

7. US Senate passes Stablecoin Bill - 'GENIUS Act', further process requires House review and Presidential signature to take effect;

8. Pudgy Penguins launches P2E game Pengu Clash on TON, plans to release more games in 25, with next game 'Pudgy Party' to be released in August;

9. JD.com strongly enters stablecoin market, JD Coin Chain CEO: JD Global Sales Hong Kong and Macau site will support users shopping with stablecoins;

10. X account suspended, a16z founder Shaw says X demands $50,000 monthly enterprise authorization fee to avoid further pursuit, considering lawsuit;

11. 'MicroStrategy Effect' sweeps US stocks: 30 companies buy crypto as reserves, stock prices average 400% surge;

12. Another Crypto company plans to go public, crypto economy firm FalconX plans IPO in 2025, initial talks underway.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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