Overview of Key Overnight Developments on August 5

21:00 (UTC+8) - 7:00 Keywords: OpenMind, EU, Rate Cut 1. The probability of a Fed rate cut in September is 94.4%; 2. The EU will suspend its trade countermeasures against the US for six months; 3. USDC Treasury has minted an additional 316 million USDC; 4. Fed’s Daly: Two rate cuts this year remain an appropriate adjustment; 5. Fed’s Daly: The timing for rate cuts is approaching, and it is more likely there will be more than two cuts this year; 6. The US CFTC is exploring allowing registered futures trading platforms to offer crypto spot contract trading; 7. Decentralized operating system OpenMind has completed a $20 million funding round, led by Pantera Capital.