Overview of Key Overnight Developments on July 19

1. South Korea's first cryptocurrency law comes into full effect  

2. LI.FI: Will offer a voluntary compensation plan to users, requiring the completion of relevant forms 

3. IMF: The Federal Reserve should wait until at least the end of 2024 to lower policy rates 

4. Rumors suggest Trump will announce the U.S. Bitcoin strategic reserve policy next week 

5. President Biden may decide to withdraw from the 2024 presidential race as early as this weekend 

6. Market makers like Wintermute buying SHIB from DEX have prevented its price from plummeting 

7. Grayscale: ETHE buyers will not receive ETH shares from the initial allocation starting July 18 

8. Putin warns that uncontrolled growth in cryptocurrency mining could trigger an energy crisis in Russia and emphasizes the practicality of the digital ruble