24-hour event in the crypto circle! 1 minute quick overview of the overnight market 1. Affected by Upbit's launch of the Korean won trading pair, #RAY rose by more than 28% in a short period of time, temporarily trading at $2.4; 2. U.S. stocks closed: the three major stock indexes were mixed, with #Circle up 34% and #Coinbase up 16%; 3. The Federal Reserve maintains its expectation of interest rate cuts this year unchanged and is expected to cut interest rates twice. The dot plot shows that rate cuts of 25 basis points each are expected in 2026 and 2027; 4. Powell: Tariff-driven inflation is expected to rise in the coming months; 5. a16z: The official X account was stolen for a short time, and the tokens involved and related false content were unofficially released; 6. Analysis: Pro-Israel hackers transferred $8,000+ of stolen $8,000+ funds from the Iranian exchange #Nobitex to a black hole address that cannot be recovered, which is only a political mockery and not for profit; 7. The U.S. Senate passed the stablecoin bill - "#GENIUS Act", and the follow-up process needs to be reviewed by the House of Representatives and signed by the President before it can take effect; 8. Pudgy Penguins launched the P2E game Pengu Clash on TON, and it plans to release more games in 25 years, and the next game "Pudgy Party" will be released in August; 9. JD.com has entered the stablecoin market strongly, and the CEO of JD Coin Chain: JD.com's global sales in Hong Kong and Macao will support users to use stablecoin shopping; 10. X's account was blocked, and Shaw, the founder of ai16z, said that X required a monthly payment of $50,000 in corporate licensing fees to no longer pursue it, and was considering a lawsuit; 11. The "micro-strategy effect" swept the U.S. stocks: 30 companies bought coins as reserves, and the stock price soared by 400% on average; 12. Another Crypto company plans to go public, and FalconX, a crypto broker, plans to launch an IPO in 2025 and has started preliminary negotiations.