Overview of important developments overnight on July 19

21:00-7:00 Keywords: Morgan Stanley, Michael Saylor, Iran 1. The GENIUS Act celebrates its first anniversary; 2. Strategy founder Michael Saylor issued a document opposing BIP110;3. Iran's Supreme Leader: The United States has repeatedly violated the agreement, and Trump's signature has no credibility;4. Federal Reserve Chairman: Artificial intelligence technology has put pressure on the Federal Reserve and banking infrastructure;5. Morgan Stanley updated its filing documents, setting the management fee ratio of its Ethereum ETF and Solana ETF at 0.14%; 6. CryptoQuant analysts: The bullish momentum in the Bitcoin derivatives market has dropped significantly, but the market has not yet fully turned short.