Overview of Key Overnight Developments on May 12

21:00-7:00 Keywords: CPI, APT, Rate Cut

1. U.S. Treasury Secretary: Substantial progress made in trade negotiations with China;

2. Since 2025, eight major cryptocurrency companies have announced entry into the U.S. market;

3. Important events and data preview for next week: U.S. April CPI data to be released on Tuesday;

4. Analysis: Bitcoin miners' selling pressure has dropped to its lowest level since 2024;

5. 1confirmation founder: The rise of Ethereum signifies the "death of crypto VC";

6. Federal funds rate futures further reduce Fed rate cut expectations, U.S. 10-year Treasury futures fall by 9 points;

7. Data: Tokens such as APT, ARB, AVAX will see large unlocks next week, with APT unlock valued at approximately $67.5 million.