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Overview of Key Overnight Developments on June 26

Overview of Key Overnight Developments on June 26

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2025/06/25 23:35

21:00-7:00 Keywords: Powell, Federal Reserve, Stock Connect, GameStop 1. Powell: U.S. fiscal policy may drive up inflation; 2. Trump: Considering three to four candidates for the next Federal Reserve Chair; 3. GameStop raises an additional $450 million, plans to use it to increase Bitcoin holdings; 4. Powell: Future trade agreements may allow the Fed to consider rate cuts; 5. Invesco and Galaxy submit Solana ETF S-1 registration statement to the U.S. SEC; 6. Hong Kong SFC: As of May, cumulative net capital inflow through Stock Connect surpassed HKD 4.35 trillion; 7. U.S. housing regulator urges Fannie Mae and Freddie Mac to prepare for using cryptocurrencies as mortgage collateral; 8. Former Blackstone executive and Tether co-founder plan to raise $1 billion to establish a publicly listed crypto asset reserve company.

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