Overview of Key Overnight Developments on July 6

21:00-7:00 Keywords: Venezuela, Grayscale, JPMorgan, Layer3

1. South Korea delays virtual asset tax regulations until 2025;

2. 9% of Venezuela's total remittances in 2023 are in cryptocurrency;

3. Interest rate swap market fully prices in two Fed rate cuts by year-end;

4. Grayscale's three major digital asset funds to complete restructuring by Q2 2024;

5. JPMorgan, DBS, and Mizuho test Partior blockchain FX PvP solution;

6. Layer3 unveils tokenomics: 51% reserved for the community, initial airdrop accounts for 7.5%;

7. Former US Attorney General accuses federal regulators of trying to isolate the digital asset industry from the traditional economy.