The financial markets have recently experienced a series of important developments. First, Trump announced the expansion of the selection range for candidates for the Fed chair, sparking market interest in the future direction of monetary policy. Meanwhile, Canada's latest employment data performed poorly, leading to an increase in market expectations that the Central Bank of Canada may cut interest rates to 38%.

In the cryptocurrency space, White House officials have revealed that they are considering allowing pension funds to invest in cryptocurrencies, a move that could bring new inflows of capital into the digital asset market. The SEC has approved liquid staking trading, a decision expected to inject new vitality into the Ethereum ecosystem.

Swiss bank Sygnum announced the launch of regulated SUI custody services, while Galaxy Digital took over Mill City's SUI asset management business. These actions reflect the continued follow of traditional financial institutions towards cryptocurrency.

However, regulators are also strengthening their oversight of the cryptocurrency market. The Hong Kong Monetary Authority recently issued a warning, reminding the public to be vigilant against the risks of false stablecoin promotions. Meanwhile, OKX announced the integration of Apple Pay, providing a more convenient cryptocurrency purchasing channel for users in the United States and Europe.

These developments indicate that, despite the regulatory challenges faced by the cryptocurrency market, its position within the traditional financial system is gradually solidifying. Investors and regulatory agencies need to closely follow this rapidly evolving field to seize opportunities and mitigate risks.