Golden Morning Update | Overview of Important Developments Overnight on July 4

[Golden Morning News | Key Overnight Developments on July 4] 21:00-7:00 Keywords: Big and Beautiful Act, Tax Reform Act, Trump

1. Trump: Today's data is good news, much better than expected;
2. The "Big and Beautiful" bill has been passed by the House of Representatives in the United States and is awaiting the president's signature;
3. U.S. Senator Cynthia Lummis proposed a comprehensive cryptocurrency tax reform bill;
4. U.S. Treasury Secretary: If the Federal Reserve does not cut interest rates, the rate cut in September may be larger.
5. Federal Reserve's Bostic: The U.S. economy may experience a longer period of high inflation;
6. Web3 game platform Distinct Possibility Studios completes $30.5 million funding;
7. White House: Trump will sign the Great and Beautiful Act into law at 5 a.m. on July 5 (Beijing time).