Two crypto news updates worth noting today: 1) Australia has officially passed a crypto regulation bill, requiring exchanges and custody platforms to be included in the licensing system. 2) The Hong Kong dollar stablecoin license, originally scheduled for rollout in March, still hasn’t been issued, indicating that while Asia is advancing regulation, the pace isn’t as fast as the market expected. In the short term, the first news leans bullish, while the second slightly dampens sentiment. $BTC is likely to remain in a mildly bullish consolidation.