Midday Key Updates on May 7

7:00 (UTC+8) - 12:00 (UTC+8) Keywords: TrustedVolumes, Iran, crypto structure bill1. US media: Iran will respond to the US proposal on Thursday;2. The onshore RMB exchange rate against the US dollar has risen to the highest level since February 2023;3. The White House is striving to pass the crypto market structure bill before July 4;4. Arthur Hayes: Liquidity is the core factor affecting the price of Bitcoin;5. 1inch market maker TrustedVolumes is under attack, with approximately $5.87 million in assets stolen so far;6. Strategy: As long as the price of Bitcoin increases by 2.3% per year, we can permanently cover all dividend payments;7. Santiment: Market optimism on social media has hit a nearly 4-month high, FOMO may intensify market volatility.