Global Crypto Shifts: Licensing, Bets, and Bold Treasury Moves

In today's Chain Reaction, we cover Hong Kong's stablecoin licensing rollout, the latest Bitcoin forecast odds and ETF inflows, and an array of corporate treasury strategies from miners to esports firms. We'll also explore U.S. regulatory pushes with Crypto Week and new tax bills, real-world asset tokenization, DeFi's surge, and a glimpse at GPT-5 expectations for the summer. Stay informed and ready for what's next in the cryptoverse.