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Overview of important overnight developments on July 12

21:00-7:00 Keywords: Upexi, Binance, Powell, German government

1. Upexi announced the completion of a $200 million financing for increasing its holdings of SOL;

2. US President Trump: will not fire Federal Reserve Chairman Powell;

3. BlackRock's IBIT becomes the fastest ETF to break through $80 billion in history;

4. Federal Reserve's Goolsbee warns: latest tariff threats may delay interest rate cuts;

5. Arkham: German government's Bitcoin "sell-off" losses have reached $2.98 billion;

6. US Financial Bureau Director responds to rumors of Powell's resignation: it would be the right decision;

7. Bloomberg claims Binance helped WLFI write USD1 code, CZ accuses the former of false reporting;

8. Zhu Yunlai, son of Zhu Rongji: stablecoins, unlike Bitcoin, need to establish credibility through "identifiability".

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