Overview of Key Overnight Developments on August 6

21:00-7:00 Keywords: US stocks, Federal Reserve, Capula, Buffett

1. US stocks opened sharply lower, Nvidia fell below $100;

2. Musk: Buffett is basically the Federal Reserve;

3. UBS: Now expects the Federal Reserve to cut interest rates by 100 basis points this year;

4. US stock blockchain sector plummeted, MicroStrategy fell more than 23%;

5. Hedge fund Capula holds $464 million worth of spot Bitcoin ETFs;

6. Grayscale transferred 20,416 ETH and 859 BTC to Coinbase Prime address;

7. CME "Fed Watch": 83% probability of a 50 basis point rate cut by the Federal Reserve in September;

8. US lawmakers urge CFTC to crack down on election gambling, Polymarket bets hit record high;

9. Federal Reserve's Daly: Open to a rate cut at the September meeting, does not believe labor market weakness will worsen.