Overview of Major Overnight Developments on July 29

21:00-7:00 Key Words: Tom Lee, Zcash, CLARITY Act, Morgan Stanley1. Tom Lee: The cryptocurrency market has already "bottomed out";2. The US states that Iran launched multiple missiles attacking US troops stationed in the Middle East;3. Morgan Stanley launches exchange-traded products for Ethereum and Solana;4. US SEC Chairman: Optimistic about Congress passing the CLARITY Act;5. Zcash mainnet completed the Ironwood upgrade, and the new privacy pool is now officially live;6. Moore Threads took the lead in completing Kimi K3 adaptation, supporting the 2.8-trillion-parameter open-source large model;7. The United States Credit Union National Association supports the CLARITY Act, but calls for tighter stablecoin yield provisions.